$KEP

KEPCO President Kim Dong-cheol stated that KEPCO will cover 20% of the 1.4 trillion won cost for the first phase of the Honam semiconductor cluster's power grid, with Samsung and SK Hynix covering the remaining 80%. The cost-sharing is based on electricity usage ratios, as no government support is expected. KEPCO aims to reduce its bond-to-equity ratio to 2 times by 2027.

Korea and the U.S. agreed to a $120B nuclear framework, including building eight plants. Two will use Korea's APR1400 design, six will use the U.S. AP1000. Korean firms will join construction, and the Korean government seeks 5%–10% equity in Westinghouse. The project requires commercial rationality review.

KEPCO set its fuel cost adjustment unit price at the maximum 5 won per kWh for Q4, marking the 18th consecutive quarter at this level. Rising oil and LNG prices pushed the required adjustment price to 7.3 won, exceeding the cap. This decision is expected to increase KEPCO's financial burden, with electricity prices likely to remain unchanged for the year.

Samsung Electronics and SK Hynix rejected KEPCO's proposal for 25 trillion won ($18.7 billion) in upfront funding to secure electricity for semiconductor plants, citing concerns over demand and financial commitment. KEPCO seeks funds for power infrastructure. Both companies declined to comment. The dispute highlights infrastructure challenges in South Korea's semiconductor expansion plans.

Korea Electric Power Corp (KEP) shares rose 3.5% to $12.00. GuruFocus values KEP at $8.18, indicating a 46.7% overvaluation. KEP's GF Score™ is 66/100, suggesting above-average performance. No insider transactions occurred in the past 12 months. The stock's P/E ratio is 2.8x, below its 5-year median of 3.7x.

KEPCO is negotiating 25 trillion won in advance payments from Samsung Electronics (20 trillion) and SK Hynix (5 trillion) to fund grid infrastructure for semiconductor and AI projects. The utility aims to reduce debt reliance and manage liquidity, offering interest rates higher than government bond yields. Negotiations are ongoing, with no final agreements yet.

Korea Electric Power Corp (KEPCO) proposed that Samsung Electronics pay 20 trillion won ($15 billion) upfront for electricity supply until 2031, and SK Hynix pay 5 trillion won, to support grid expansion. KEPCO confirmed the proposal but noted details are still under discussion. (000660)

Korea Electric Power (KEP) announced plans for an extraordinary general meeting, closing its shareholders' registry from September 12 to 22, 2026. Shareholders on record as of September 11, 2026, will be eligible to vote. The notice was signed by Vice President Joo, Hwa-Sik on August 27, 2026.

South Korea denied reports of a US-South Korea joint plan to acquire a stake in Westinghouse Electric Company. Officials considered Korea Electric Power Corp. (KEP) as a potential buyer, possibly using a $200B Korea-US fund. Westinghouse, owned by Cameco (CCJ) and Brookfield (BAM), filed for an IPO and has a framework with the US Commerce Department for new reactors. Cameco's Q2 profit dropped to $25M from $321M due to Westinghouse's performance.

Korea Electric Power (KEP/KEPCO) reported 1H 2026 consolidated revenue of KRW 46,317.3 billion (+0.3% YoY) and operating income of KRW 4,912.7 billion. Power sales revenue fell 0.4% on weaker industrial demand, while other revenue rose 16.7% on overseas performance. Fuel costs rose 8.8% and nuclear maintenance constrained capacity factors; SMP rose to 151 in August.