• Wed, Jun. 28, 3:59 PM
    • Korean Electric Power (KEP -0.4%) says it is in talks on a deal to rescue Toshiba's (OTCPK:TOSBF, OTCPK:TOSYY) NuGen nuclear power project in the U.K. from collapse and possibly install its own reactor technology at the site.
    • Kepco cheif nuclear officer Park Jong-hyuck confirmed at a nuclear industry conference that his company was in negotiations with Toshiba about buying “some shares” in its NuGen subsidiary, which is developing the Moorside nuclear project.
    • Kepco has been seen as a potential savior since Toshiba made clear in March that it was no longer in a position to finance the project, but its interest has been called into question by the election of Moon Jae-in as South Korea's president last month, because he has vowed to wind down the country’s domestic nuclear industry.
    Wed, Jun. 28, 3:59 PM
  • Mon, Jun. 19, 3:07 PM
    • Korea Electric Power (KEP -3.1%) is sharply lower after South Korean Pres. Moon said the country will scrap plans to build new nuclear power plants and halt operation of the country’s oldest reactor, a major shift for a country that generates nearly a third of its energy needs from atomic energy.
    • South Korea's 25 nuclear reactors ranks as the world's sixth largest fleet, but concerns over nuclear safety have intensified after Japan's Fukushima nuclear disaster in 2011 and a major earthquake in Korea last year.
    • Kepco will prepare a plan by 2019 to decommission the Kori-1 reactor, a process expected take at least 15 years and cost 643.7B won ($568M), according to the Energy Ministry.
    • ETFs: NLR, URA
    Mon, Jun. 19, 3:07 PM | 5 Comments
  • Mon, May 8, 9:43 AM
    • Korea Electric Power (NYSE:KEP): Q1 net income of ‎₩569B.
    • Revenue of  ‎₩15.15T (-3.4% Y/Y)
    • Press Release
    Mon, May 8, 9:43 AM
  • Thu, Apr. 6, 6:52 PM
    • The Trump administration and the Japanese government are in talks to ensure that the bankruptcy of Toshiba's (OTCPK:TOSBF) Westinghouse Electric unit does not lead to U.S. technology secrets and infrastructure falling into Chinese hands, Reuters reports, citing an unnamed U.S. official.
    • Westinghouse's bankruptcy is likely to lead to the eventual sale of its nuclear business, and Chinese interests are seen as possible suitors, although Korea Electric Power (NYSE:KEP) is considered the most likely potential buyer.
    • "There are ways that are being looked at, both formally and informally, to make sure there is no threat to critical infrastructure," the official says, according to the report.
    Thu, Apr. 6, 6:52 PM
  • Mon, Mar. 27, 2:22 AM
    • Westinghouse Electric could file for bankruptcy protection as early as tomorrow and is seeking support from South Korea's Korea Electric Power (NYSE:KEP), sources told the Nikkei.
    • The U.S. nuclear unit of Japan's Toshiba (OTCPK:TOSYY) reportedly plans to meet with American utilities today, looking to continue construction on two behind-schedule nuclear power plants during bankruptcy.
    Mon, Mar. 27, 2:22 AM | 1 Comment
  • Wed, Mar. 22, 7:47 AM
    • Korea Electric Power (NYSE:KEP) says it is in talks to buy a stake in the U.K.'s NuGen nuclear project, a joint venture between Toshiba (OTCPK:TOSBF) and Engie (OTCPK:ENGIY).
    • KEP is interested in taking over the 60% stake owned by the troubled Japanese company and has been negotiating informally, CEO Cho Hwan-eik says.
    • KEP has been seen in the industry as a potential buyer of Toshiba's Westinghouse U.S. nuclear unit, but Cho says it has no plans for such a deal.
    Wed, Mar. 22, 7:47 AM | 1 Comment
  • Mon, Feb. 13, 4:56 PM
    • Toshiba (OTCPK:TOSBF) is considering a sale of a stake in U.K. nuclear venture NuGeneration to Korea Electric Power (NYSE:KEP), as it seeks to reduce its involvement in the riskier side of the atomic power business in the wake of big losses linked to U.S. projects, Nikkei Asian Review reports.
    • The Japanese firm controls 60% of NuGeneration, a joint venture planning to build a nuclear plant in England, and has sought to unload part of this stake for some time, according to the report.
    • Toshiba bought its NuGen stake in 2014 for £102M (currently ~$127M) from Spain's Iberdrola and France's GDF Suez, now Engie, which still holds the remaining 40%; a final decision on whether to break ground on the project is due in 2018.
    Mon, Feb. 13, 4:56 PM
  • Mon, Feb. 6, 9:22 AM
    • Korea Electric Power (NYSE:KEP): Q4 Net income of KRW439B.
    • Revenue of KRW15.29T (+4.1% Y/Y).
    • Press Release
    Mon, Feb. 6, 9:22 AM | 9 Comments
  • Sep. 13, 2016, 9:56 AM
    • Korea Electric Power (KEP -3.4%) is in talks with Japan's Toshiba (OTCPK:TOSBF) and France's Engie (OTCPK:ENGIY) about buying a stake in the £10B ($13B) British nuclear joint venture NuGen, Reuters reports.
    • It is not known whether Kepco would buy all or part of the stakes of Toshiba or Engie, which are looking for partners to help lower their share in the capital-intensive project.
    • NuGen, which is competing to build Britain's first new nuclear plant in a generation, plans to build three Westinghouse AP1000 reactors at the Moorside site on the coast of Cumbria and expects electricity generation to start in 2025.
    Sep. 13, 2016, 9:56 AM
  • Aug. 5, 2015, 9:16 AM
    • Korea Electric Power (NYSE:KEP): Q2 net income of KRW1.3T
    • Revenue of $13.67T (+6.1% Y/Y)
    • Press Release
    Aug. 5, 2015, 9:16 AM
  • Feb. 11, 2015, 8:57 AM
    • Korea Electric Power (NYSE:KEP): Q4 Net income of KW 452B.
    • Revenue of KW 14,905B (+4.4% Y/Y).
    • Press Release
    Feb. 11, 2015, 8:57 AM
  • Nov. 12, 2014, 9:18 AM
    Nov. 12, 2014, 9:18 AM
  • Nov. 12, 2014, 8:25 AM
    • Korea Electric Power (NYSE:KEP): Q3 Net Income of KRW1569B
    • Revenue of KRW14908B (+4.3% Y/Y)
    • Press Release
    Nov. 12, 2014, 8:25 AM
  • Nov. 19, 2013, 10:27 AM
    • Korea Electric Power (KEP +7.1%) gaps higher at the open after South Korea said it will hike electricity tariffs in a bid to avert power blackouts and cut billions of dollars in losses.
    • In the second tariff hike this year, the government will raise electricity prices by an average 5.4% beginning Thursday, with industrial users facing the biggest hike.
    • The government hopes higher electricity prices will curb power use, and policymakers want tariffs that more closely reflect generation costs.
    Nov. 19, 2013, 10:27 AM
  • Jul. 17, 2012, 1:05 PM

    Mitsui & Co. (MITSY +0.2%) and Korea Electric Power (KEP +1%) say they will collaborate to upgrade a fossil-fuel-burning power plant for Takoradi International in Ghana. The project includes adding a steam turbine, heat recovery steam generators and a seawater cooling system to the existing gas turbines, and will have a total contract value of around $260M.

    Jul. 17, 2012, 1:05 PM
  • Dec. 18, 2011, 11:36 PM
    South Korean shares add to sharp losses in the wake of Kim Jong Il's death, the Kospi off 3.5%. Dow Jones reports the Bank of Korea is holding an emergency meeting. Dec. 18, 2011, 11:36 PM