- “With Green Energy, we will become a beloved company with sustainable growth!”
- Dear Stakeholders,
- 2023 was a year of crisis, as the privatization of the power generation maintenance market continued to expand, the financial condition of our main customers, energy companies, deteriorated, and the climate crisis, including global warming, accelerated the instability of energy supply and demand. However, under these difficult conditions, KEPCO KPS achieved excellent financial performance by recording the highest sales in its history and, most importantly, significantly improving its operating profit margin. In particular, we focused on the export industrialization of nuclear power plants, a key government policy issue, and as a member of Team Korea, we achieved the feat of being selected as the preferred bidder for the construction of a nuclear power plant in the Czech Republic, and for the first time, we achieved an overall grade of A in the public sector management evaluation conducted by the Ministry of Economy and Finance. Building on these achievements, KEPCO KPS will continue to actively fulfill national tasks and further establish itself as a model public company leading ESG management through the following three commitments
First, We Will become a Leading Player in the Era of Carbon- Free Energy(CFE), Including Nuclear Power Plants and Renewable Energy.
KEPCO KPS is focusing its capabilities on winning overseas nuclear power plant export orders to meet the government’s policy of industrializing nuclear power plant exports, and is actively promoting SME support projects to restore the domestic nuclear power plant ecosystem. In addition, we are actively engaged in performance improvement projects for old power generation facilities at home and abroad to contribute to the achievement of the Nationally Determined Contribution (NDC). We are also doing our best to strengthen the foundation of renewable businesses such as hydrogen and wind power and preempt the related technology market. In this way, KEPCO KPS will lead the achievement of carbon neutrality in the power industry by revitalizing the nuclear power industry and expanding future growth engines based on its business.
Second, We Will Strive to Spread the Value of Safety and Mutual Growth.
KEPCO KPS is positioned as the best model company for safety management in related industries through safety- first management. In addition to these capabilities, we have been promoting ‘Safety Sherpa’ activities since 2023 to transfer safety management capabilities to public institutions and SMEs, and are doing our best to ensure that employees and partners work in a safe working environment by activating facility diagnostics using drones when inspecting facilities that require high-risk, high- altitude work. In addition, KEPCO KPS has been selected as an ‘Excellent’ institution in the 2023 Public Institution Shared Growth Evaluation by the Ministry of SMEs and Startups, and is supporting the leap forward of SMEs by supporting the purchase and sales of SME products and fostering the discovery of startup venture companies.
Third, We Will Practice Transparent and Responsible Management through Active Communication with Stakeholders.
KEPCO KPS strives to strengthen communication with stakeholders by utilizing various channels. We transparently disclose management performance to the outside world through information disclosure and IR activities, and reflect the voices of various stakeholders in our policies through customer satisfaction surveys, local problem-solving platforms, and safety management meetings with suppliers. We also operate deliberative and advisory bodies such as the ESG Committee and the Ethics Management Committee for transparent and sound governance, and continuously implement training to internalize employees’ integrity and ethical awareness. KEPCO KPS will continue to strive to enhance the rights and interests of stakeholders through active communication and sound governance. KEPCO KPS will do its best to meet the expectations of stakeholders with further development without forgetting the value of sustainable management. We look forward to your continued interest and support. Thank you.
President
Hong-Yeon Kim
