KEPCO KDN to Invest 160 Billion Won by 2025... Creating 1,500 Jobs

Setting Five Major Directions for the New Deal Project

Park Seong-cheol, President of KEPCO KDN, is delivering a greeting at the 'Bitgaram Energy Valley ICT & Security Conference' held online at the Naju headquarters on the 16th.

[Asia Economy Reporter Kwangho Lee] KEPCO KDN has decided to invest 160 billion KRW by 2025 through its own 'New Deal Project' to create 1,500 jobs.

KEPCO KDN announced on the 22nd that it signed a 'Labor-Management Joint New Deal Cooperation Agreement' on the 16th to overcome COVID-19.

Since May, KEPCO KDN has been operating a 'COVID-19 Economic Crisis Response Task Force (TF)' chaired by President Park Seongcheol. Recently, it expanded and reorganized it into the 'Post-COVID New Deal Performance Creation TF' and officially launched the New Deal Promotion Team.

KEPCO KDN set five promotion directions for its own New Deal project: ▲expanding digital transformation in the energy sector ▲increasing investment in renewable energy and new industries ▲strengthening post-COVID response capabilities ▲spreading a people-centered win-win and inclusive New Deal ▲establishing a technology-centered New Deal growth foundation. It identified 10 key tasks and 70 projects for each goal.

Additionally, to plan and manage new business creation, KEPCO KDN strengthened the New Deal Promotion Team, centered on heads of new business development departments by power system and heads of power artificial intelligence research departments, who are in charge of each task. KEPCO KDN set a goal to invest about 160 billion KRW in New Deal projects and create about 1,500 jobs by 2025.

This year, it has already invested 4 billion KRW and started technology development in non-face-to-face business areas such as artificial intelligence, big data for energy infrastructure digital transformation, self-diagnosis healthcare, and integrated safety monitoring applications (apps).

Furthermore, it is focusing on management innovation by strengthening future growth businesses through expanding investment in new businesses such as smart cities and offshore wind power generation.

President Park said, "In the post-COVID era, we will actively carry out the 'KEPCO KDN-type New Deal Project' by advancing energy ICT solutions based on 4th Industrial Revolution technologies. We will actively support small business owners and SMEs facing difficult conditions and contribute to the lives and welfare of the people through the digital green New Deal."

This content was produced with the assistance of AI translation services.