[New Year's Address] Kim Dong-cheol, KEPCO President, "Will Create a Groundbreaking Turning Point for Financial Normalization Including Electricity Rate Hikes"

Kim Dong-chul, President of Korea Electric Power Corporation (KEPCO), stated on the 2nd, "We will continue to implement the self-help efforts and tariff normalization that we have been promoting so far."

In his New Year's address that day, President Kim said, "We must create a 'breakthrough turning point' for early financial normalization."

Kim Dong-chul, President of Korea Electric Power Corporation, is delivering a New Year's address at the opening ceremony held on the 2nd.

To the employees, he urged, "Please devote all your efforts to establishing a cost-based tariff system and rational reform of the electricity market system," adding, "At the same time, let us maximize management efficiency across all areas including sales, transmission and distribution, and ICT, as well as actively discover previously overlooked blind spots in profitability and secure additional revenue sources."

He also emphasized the necessity of enacting a special law for timely expansion of the power grid. President Kim said, "Although we did our best last year to overcome the crisis and prepare for the future, we failed to timely enact the special law for timely power grid expansion, and there was a lack of visible achievements in new energy business and new technology sectors," adding, "We will provide scientific information on electromagnetic wave safety to change the perception that 'substations are neighborhood living facilities' and thereby increase resident acceptance."

Along with this, President Kim emphasized making the power industry Korea's new growth engine. He explained, "In the face of the climate crisis and the era of artificial intelligence (AI), the energy industry has become a high value-added advanced industry," and added, "Going forward, the company plans to rapidly commercialize core technologies such as transmission, transformation, and distribution." He continued, "Based on successful business experience in the United Arab Emirates (UAE), we must actively pursue additional nuclear power plant orders," and said, "Through this, we will diversify the revenue structure and strive to reduce dependence on electricity tariffs."

Finally, President Kim said, "There is a saying that 'third-rate companies collapse in crisis, while first-rate companies develop further through crisis,'" and added, "Let us regard the immediate challenges as a training process for KEPCO to grow bigger and leap forward as a 'global energy leader contributing to the nation's future growth.'"

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