5 Major Power Company CEOs Inaugurated... "Responding to Energy Transition"

Korea South East, South, Central, West, and East-West Power Hold New CEO Inauguration Ceremony on the 26th

[Sejong=Asia Economy Reporter Kwon Haeyoung] The newly appointed presidents of the five major power generation companies under Korea Electric Power Corporation (KEPCO) have collectively expressed their ambitions for the era of energy transition.

Korea South-East Power, Korea South Power, Korea Central Power, Korea Western Power, and Korea East-West Power held inauguration ceremonies for their new presidents on the 26th and officially began their duties. The new presidents focused on change and innovation in response to rapidly changing environments such as the 2050 carbon neutrality declaration and the Fourth Industrial Revolution.

Kim Young-moon, the new president of Korea East-West Power, stated on the day, "The purpose of innovation is not change itself but to do work well," emphasizing, "In the changed circumstances of safety, environment, and the Fourth Industrial Revolution, we must seek new ways to excel at what we need to do." He continued, "The convergence of Fourth Industrial Revolution technologies such as robotics, artificial intelligence, big data, and the Internet of Things will create a new form of society never seen before," adding, "Based on these technologies, we must strive to become a smarter power plant."

Lee Seung-woo, the new president of Korea South Power, said, "We will do our best to become a first-class power generation public enterprise in response to climate and environmental changes and the era of energy transition." He emphasized, "The energy sector is a key area determining the success of the carbon neutrality declaration," and added, "The share of coal power, which has served as the cash cow of power generation companies, must be drastically reduced, and the transition to clean fuels is an urgent task."

Calls for organizational and business reform also followed. Kim Ho-bin, the new president of Korea Central Power, stated, "I will take the lead in creating a Korea Central Power that generates new future growth engines during this turbulent energy transition period," and added, "I will continuously learn and listen to diverse opinions from internal and external members with an open attitude."

Kim Hoe-chun, the new president of Korea South-East Power, also said, "To become a sustainable company leading the future, we will focus on six key areas: improving the efficiency of existing thermal power generation businesses, expanding renewable energy development, prioritizing safety as the highest value in management practice, rational personnel management, establishing a labor-management culture of trust and cooperation, building a mutually beneficial energy ecosystem, and strategically entering overseas renewable energy markets."

Park Hyung-duk, the new president of Korea Western Power, expressed his ambition, "Through organizational restructuring, we will thoroughly establish a work-centered and ability-centered system to place the best talents in the right positions," and added, "We will do our best to restore the glory of Korea Western Power as the top-rated company in management evaluations during its early years through active internal and external collaboration and communication."

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