- We will achieve sustainable growth by putting safety first while advancing Green Energy.
- Dear Stakeholders,
- The domestic power industry in 2024 continued to face a climate of change and crisis amid both internal and external political and economic uncertainties. While expanding electricity supply is essential to foster advanced national industries such as AI, we face a dual challenge, as policies such as the Basic Plan for Long-term Electricity Supply and Demand call for a reduced share of coal-fired power generation, while we must also achieve both carbon neutrality and a stable power supply. In addition, society increasingly expects companies not only to reduce greenhouse gas emissions in response to the climate crisis, but also to contribute to social causes, establish sound governance, and implement sincere ESG management and effective risk control.
Despite these difficult internal and external conditions, KEPCO KPS achieved outstanding financial and non-financial performance. Through business innovations—such as the development of AI- and robotics-based maintenance techniques aligned with government policies and market trends—and overseas expansion including nuclear power exports to the Czech Republic and Romania, we achieved record-high revenue and operating profit, as well as top-tier financial stability among public institutions. Our ESG performance has also been recognized externally, including receiving a Comprehensive Grade A from the Korea ESG Standards Institute for three consecutive years and winning a CDP Climate Change award. Moving forward, KEPCO KPS will continue to fulfill its core mission of ensuring a stable power supply and will uphold its responsibility as a leading power facility maintenance company by spearheading ESG management that aligns with stakeholder expectations through the following initiatives:
First, we will foster a safe industrial ecosystem where people and technology grow together.
With safety-first management at its core, KEPCO KPS is reducing field operation risks by focusing on improving high-risk work factors. We actively support small businesses by helping them establish tailored safety and health systems, including “Safety Sherpas,” creating safe working environments for both our partners and employees. To promote mutual growth with SMEs in the power industry, we continue to support their digital transformation and ESG management efforts. Furthermore, by serving as the lead organizer of public procurement export consultations for the first time, we helped Korean private companies expand overseas, achieving record export contracts and driving sustainability across the industry. KEPCO KPS will continue to promote a safety culture throughout the industry and foster an energy ecosystem grounded in mutual growth and cooperation.
Second, we will lead the transition to eco-friendly energy through green technology development and related initiatives.
Leveraging our outstanding power facility maintenance capabilities, we are working to secure sustainable competitiveness in the green energy sector, including renewable energy. We signed our first-ever onshore wind project co-development agreement and are identifying offshore wind O&M opportunities in partnership with global companies. As a participant in the government-led Hydrogen Pilot City project in Ansan, we are developing technologies to optimize green hydrogen production. We have also successfully completed commissioning maintenance for the Gwangyang biomass power project and are laying the groundwork for O&M operations. KEPCO KPS will not rest on its position as Korea’s No. 1 power facility maintenance company. Instead, we will strive to become a technology solutions provider leading the future energy market, fully committed to tackling the climate crisis and supporting national energy transition policies.
Third, we will enhance stakeholder value through sound corporate governance.
We place stakeholder trust at the heart of our values and are making multifaceted efforts to strengthen accountability and transparency across all areas of management. Our ESG Committee within the Board of Directors deliberates and decides on major ESG policies, including material issues and strategy, at the core of our ESG governance structure. Led by the executive team, we are reinforcing our commitment to ethical management throughout the organization and internalizing the values of integrity and transparency. Backed by strong profitability and shareholder return policies, we were also the only listed public enterprise to be included in the Korea Value-Up Index. KEPCO KPS will continue building trust with all stakeholders and create sustainable social value as a responsible public enterprise.
Fourth, we will become a century-long sustainable company by cultivating new growth businesses such as overseas nuclear power.
To secure new growth drivers for the future power facility maintenance industry, KEPCO KPS has designated overseas nuclear exports and specialized nuclear services as strategic growth areas. Based on this strategy, we have successfully launched the Dukovany new nuclear power plant construction project in the Czech Republic, a key outcome of Team Korea’s export efforts, and we will continue expanding our presence in overseas nuclear markets, including Romania. We are also taking a leading role in the decommissioning of Korea’s Gori Unit 1 by leveraging our proprietary nuclear engineering technologies, and we are solidifying our position in both domestic and global nuclear decommissioning markets.
KEPCO KPS now stands at a critical juncture, faced with the historic challenge of achieving a just energy transition and expanding stable power supply. We are determined to take a bold leap forward based on our maintenance expertise, technological innovation, commitment to safety and mutual growth, and responsible, transparent management. We will continue to move forward step by step, meeting stakeholder expectations and fulfilling our social responsibilities as a public institution.
August 2025
Hong-Yeon Kim
CEO & President, KEPCO KPS
