Corporación de Electricidad de Corea (KEP): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama dinámico de la producción mundial de energía, Corea Electric Power Corporation (KEPCO) surge como una potencia transformadora, navegando estratégicamente la compleja intersección de la infraestructura nacional, la innovación tecnológica y el desarrollo sostenible. Con un intrincado modelo de negocio que equilibra la generación de energía tradicional con soluciones de energía renovable de vanguardia, KEPCO representa un fascinante estudio de caso de cómo una empresa de servicios públicos de propiedad estatal puede satisfacer simultáneamente las demandas de energía nacionales críticas mientras pione las estrategias ambientales con visión de futuro. Esta exploración del lienzo de modelo de negocio de Kepco presenta los mecanismos sofisticados que impulsan una de las organizaciones de infraestructura más críticas de Corea del Sur, que ofrece información sobre su enfoque multifacético para la generación de electricidad, la distribución y el avance tecnológico.

Corea Electric Power Corporation (KEP) - Modelo de negocios: asociaciones clave

Gobierno de Corea del Sur (socio regulatorio y estratégico primario)

El Ministerio de Comercio, Industria y Energía posee un 51.1% de participación de propiedad en KEPCO a partir de 2023. Apoyo anual de la política energética del gobierno estimado en 2.5 billones de KRW.

Dimensión de asociación	Detalles específicos	Impacto financiero
Colaboración regulatoria	Alineación de la política energética nacional	1.8 billones de soporte de inversión KRW
Planificación estratégica	Desarrollo de infraestructura energética a largo plazo	700 mil millones de fondos de infraestructura KRW

Proveedores de tecnología de energía renovable

KEPCO colabora con 12 principales empresas de tecnología renovable en Corea del Sur.

• Fabricantes de paneles solares: 5 asociaciones estratégicas
• Proveedores de tecnología de turbinas eólicas: 3 colaboraciones clave
• Desarrolladores del sistema de almacenamiento de energía: 4 asociaciones activas

Fabricantes de equipos de energía nuclear

KEPCO mantiene asociaciones con 7 fabricantes de equipos nucleares nacionales e internacionales.

Fabricante	País	Valor de contrato
Industrias pesadas de Doosan	Corea del Sur	450 mil millones de KRW
Mitsubishi Industrias pesadas	Japón	350 mil millones de KRW
Westinghouse Electric	Estados Unidos	320 mil millones de KRW

Socios de interconexión de cuadrícula internacional

KEPCO mantiene acuerdos de interconexión de red transfronterizo con 4 países.

• Japan Power Grid: capacidad de interconexión de 500 MW
• Rusia Power Grid: capacidad de interconexión de 300 MW
• Grid de energía sureña de China: capacidad de interconexión de 250 MW

Investigaciones de instituciones y universidades

Kepco colabora con 15 instituciones de investigación y universidades para la innovación tecnológica.

Institución	Enfoque de investigación	Financiación anual de investigación
Universidad Nacional de Seúl	Sistemas de energía avanzados	50 mil millones de KRW
Kaist	Tecnología nuclear	45 mil millones de KRW
Instituto de Investigación Energética de Corea	Energía renovable	60 mil millones de KRW

Corea Electric Power Corporation (KEP) - Modelo de negocio: actividades clave

Generación de electricidad en múltiples fuentes de energía

KEP opera una cartera diversa de generación de energía con el siguiente desglose:

Fuente de energía	Capacidad instalada (MW)	Porcentaje
Nuclear	23,241	29.5%
Carbón	21,684	27.5%
Gas natural	18,543	23.5%
Energía renovable	11,256	14.3%
Aceite	4,562	5.2%

Gestión de infraestructura de transmisión y distribución de energía

KEP gestiona una amplia infraestructura de transmisión:

• Longitud total de la línea de transmisión: 115,342 kilómetros
• Líneas de transmisión de alto voltaje: 42,567 kilómetros
• Subestaciones: 1,289 unidades
• Capacidad total del transformador: 324,567 MVA

Estabilidad de la red y mantenimiento de la red de energía

Inversión anual de mantenimiento de la cuadrícula:

Categoría de mantenimiento	Inversión anual (USD)
Actualización de infraestructura de cuadrícula	1.200 millones
Tecnología de la red inteligente	456 millones
Sistemas de mantenimiento predictivo	287 millones

Desarrollo del proyecto de energía renovable

Portafolio del Proyecto de Energía Renovable:

• Proyectos de energía solar: 3,456 MW
• Proyectos de energía eólica: 2.789 MW
• Proyectos hidroeléctricos: 1,234 MW
• Energía de biomasa: 567 MW

Iniciativas de eficiencia energética y conservación

Métricas del programa de eficiencia energética:

Iniciativa	Ahorro anual de energía
Implementación de medición inteligente	1.2 millones de MWh
Programas de eficiencia energética industrial	2.4 millones de MWh
Conservación de energía residencial	876,000 MWH

Corea Electric Power Corporation (KEP) - Modelo de negocios: recursos clave

Instalaciones de generación de energía

Capacidad instalada total: 110,764 MW a partir de 2023

Tipo de generación	Capacidad (MW)	Porcentaje
Nuclear	23,116	20.9%
Carbón	36,680	33.1%
Gas natural	27,400	24.7%
Renovable	23,568	21.3%

Red de transmisión y distribución

• Total de transmisión: 65,213 kilómetros de circuito
• Subestaciones: 1,573 unidades
• Niveles de voltaje de transmisión: 765kV, 345kV, 154kV

Capital financiero

Activos totales: 107.8 billones de KRW (informe financiero de 2023)

Gasto de capital anual: 12.4 billones de KRW

Recursos humanos

Total de empleados: 24,671 (a partir de 2023)

• Porcentaje de la fuerza laboral técnica: 68%
• Edad promedio del empleado: 42.3 años
• Horas de capacitación anual por empleado: 86 horas

Investigación e innovación

Inversión anual de I + D: 523 mil millones de KRW

• Centros de investigación: 3 instalaciones dedicadas
• Patentes activas: 647
• Solicitudes de patentes anuales: 89

Corea Electric Power Corporation (KEP) - Modelo de negocio: propuestas de valor

Suministro de electricidad confiable y consistente para la infraestructura nacional

KEP proporciona una cobertura de electricidad al 100% en Corea del Sur, suministrando 483,973 gwh de electricidad en 2022. La corporación mantiene una Tasa de confiabilidad de la red 99.99%.

Capacidad de generación de electricidad	Volumen total	Reflexión
Capacidad de generación total	129,704 MW	99.99%

La cartera de energía diversificada reduce la dependencia de la fuente única

Desglose de la mezcla de energía de KEP para 2022:

• Energía nuclear: 27.4%
• Potencia a carbón: 29.8%
• Gas natural: 25.6%
• Energía renovable: 6.4%
• Aceite y otros: 10.8%

Compromiso con la transición de energía sostenible y limpia

Inversión en infraestructura de energía renovable: 3.2 billones de KRW para 2030. Objetivo para reducir las emisiones de carbono en un 41,7% en comparación con los niveles de 2018.

Objetivo de energía renovable	Inversión	Objetivo de reducción de emisiones
20% de la generación total para 2030	3.2 billones de krw	41.7% de reducción

Precios de electricidad competitivos para consumidores industriales y residenciales

Tasas de electricidad promedio en 2022:

• Residencial: 118.7 KRW por kWh
• Industrial: 86.5 krw por kwh
• Comercial: 107.3 krw por kwh

Soluciones tecnológicas avanzadas para la gestión de la energía

KEP invirtió 512 mil millones de KRW en Smart Grid y Tecnologías de Transformación Digital en 2022.

Inversión tecnológica	Desarrollo de la red inteligente	Presupuesto de transformación digital
512 mil millones de KRW	15 proyectos piloto de cuadrícula inteligente	237 mil millones de KRW

Corea Electric Power Corporation (KEP) - Modelo de negocios: relaciones con los clientes

Provisión de servicios obligatoria del gobierno

KEP atiende a 26.1 millones de clientes de electricidad en Corea del Sur a partir de 2023, con un mandato de cobertura de electricidad nacional al 100%.

Categoría de clientes	Número de clientes	Cobertura de servicio
Clientes residenciales	20.3 millones	78% del total de clientes
Clientes comerciales	5.4 millones	20.7% del total de clientes
Clientes industriales	0.4 millones	1.3% del total de clientes

Centros de atención al cliente y plataformas digitales

KEP opera 256 centros de atención al cliente en todo el país con canales de participación digital.

• Usuarios de aplicaciones móviles: 4.2 millones
• Portal de servicio al cliente en línea Usuarios registrados: 6.8 millones
• Tiempo de resolución de servicio digital promedio: 12.4 minutos

Informes de facturación e consumo transparente

KEP proporciona facturación mensual detallada con seguimiento de consumo en tiempo real.

Métrico de facturación	Valor promedio
Factura residencial mensual promedio	₩85,600
Tasa de pago de facturas en línea	92.3%

Servicios de consulta de eficiencia energética

KEP ofrece consultas gratuitas de eficiencia energética a los clientes.

• Consultas anuales de ahorro de energía: 124,000
• Clientes que implementan recomendaciones de eficiencia: 68,500
• Ahorro promedio de energía por consulta: 15.7%

Comunicación regular sobre desarrollos de infraestructura energética

KEP mantiene canales de comunicación integrales para actualizaciones de infraestructura.

Canal de comunicación	Compromiso anual
Seminarios de infraestructura pública	42 eventos
Suscriptores de boletín digital	1.9 millones
Seguidores de redes sociales	3.4 millones

Corea Electric Power Corporation (KEP) - Modelo de negocios: canales

Portales de servicio al cliente en línea

KEP opera una plataforma en línea integral con 4.2 millones de cuentas de usuario registradas a partir de 2024. El portal digital procesa aproximadamente 1.3 millones de transacciones mensuales, incluidos los pagos de facturas, los informes de uso de energía y las solicitudes de servicio.

Métrico de portal	2024 estadísticas
Usuarios registrados	4,200,000
Transacciones mensuales	1,300,000
Tiempo de respuesta promedio	12 minutos

Centros de servicio al cliente físico

KEP mantiene 186 centros de servicio al cliente físico en Corea del Sur, que sirve a aproximadamente 26.5 millones de consumidores de electricidad.

• Centros de servicio físico total: 186
• Visitas diarias al cliente promedio por centro: 325
• Interacciones anuales del cliente: 22.3 millones

Aplicación móvil para gestión de energía

La aplicación móvil KEP tiene 2.8 millones de usuarios mensuales activos. La aplicación proporciona un seguimiento de consumo de energía en tiempo real, con el 78% de los usuarios verificando su uso de energía semanalmente.

Módulo de aplicación móvil	2024 datos
Usuarios mensuales activos	2,800,000
Seguimiento de uso semanal	78%
Calificación de la tienda de aplicaciones	4.6/5

Comunicación de facturación directa

KEP procesa 26.5 millones de comunicaciones de facturación mensuales a través de canales digitales y tradicionales. La comunicación de facturación digital representa el 82% de las interacciones de facturación total.

• Comunicaciones mensuales de facturación: 26,500,000
• Porcentaje de facturación digital: 82%
• Ciclo de facturación promedio: 30 días

Oficinas de distribución regional

KEP opera 9 oficinas de distribución regional que cubren todas las provincias en Corea del Sur, gestionando la infraestructura de electricidad para 26.5 millones de consumidores.

Métrico de oficina regional	2024 estadísticas
Oficinas regionales totales	9
Provincias cubiertas	Las 9 provincias
Total de los consumidores atendidos	26,500,000

Corea Electric Power Corporation (KEP) - Modelo de negocios: segmentos de clientes

Consumidores de electricidad residencial

A partir de 2024, KEP atiende a aproximadamente 21.5 millones de consumidores de electricidad residencial en Corea del Sur.

Características de segmento	Número de consumidores	Consumo mensual promedio
Hogares residenciales	21,500,000	392 kWh por hogar

Sectores industriales y de fabricación

KEP proporciona electricidad a 85,000 clientes industriales y de fabricación.

Tipo de industria	Número de clientes	Consumo de electricidad
Fabricación pesada	35,000	45% del consumo total de electricidad industrial
Fabricación electrónica	25,000	30% del consumo total de electricidad industrial
Otra fabricación	25,000	25% del consumo total de electricidad industrial

Negocios comerciales

KEP atiende a 115,000 clientes comerciales comerciales en varios sectores.

• Negocios minoristas: 45,000 clientes
• Complejos de oficina: 35,000 clientes
• Sector de la hospitalidad: 20,000 clientes
• Pequeñas y medianas empresas: 15,000 clientes

Instituciones gubernamentales

KEP proporciona electricidad a 5.500 instituciones gubernamentales y del sector público.

Tipo de institución	Número de clientes	Consumo de electricidad
Oficinas del gobierno central	1,200	35% del consumo de electricidad del gobierno
Oficinas del gobierno local	2,800	40% del consumo de electricidad del gobierno
Instituciones públicas	1,500	25% del consumo de electricidad del gobierno

Usuarios de electricidad agrícola y rural

KEP apoya a 12.500 consumidores de electricidad agrícola y rural.

Segmento agrícola	Número de clientes	Consumo mensual promedio
Cooperativas agrícolas	6,000	250 kWh por cooperativa
Comunidades rurales	6,500	180 kWh por comunidad

Corea Electric Power Corporation (KEP) - Modelo de negocio: Estructura de costos

Mantenimiento de infraestructura de generación de energía

Costos de mantenimiento anual para la infraestructura de generación de energía de KEP en 2023: 3.2 billones de krw

Tipo de infraestructura	Costo de mantenimiento (KRW)	Porcentaje del presupuesto de mantenimiento total
Centrales nucleares	1.45 billones	45.3%
Centrales eléctricas a carbón	980 mil millones	30.6%
Infraestructura de energía renovable	475 mil millones	14.8%
Redes de transmisión y distribución	290 mil millones	9.3%

Adquisición de combustible y recursos

Gastos totales de adquisición de combustible para 2023: 8.7 billones de krw

• Adquisición de carbón: 4.2 billones de krw
• Adquisición de gas natural: 2.9 billones de krw
• Adquisición de combustible nuclear: 1.6 billones de krw

Salarios y capacitación de los empleados

Gastos totales relacionados con el personal en 2023: 1.85 billones de KRW

Categoría de gastos	Cantidad (KRW)	Porcentaje del presupuesto de personal
Salarios base	1.4 billones	75.7%
Capacitación y desarrollo	250 mil millones	13.5%
Beneficios y subsidios	200 mil millones	10.8%

Inversiones de tecnología e infraestructura de red

Inversión en tecnología total para 2023: 680 mil millones de KRW

• Tecnología de la red inteligente: 240 mil millones de KRW
• Infraestructura de ciberseguridad: 180 mil millones de KRW
• Iniciativas de transformación digital: 260 mil millones de KRW

Programas de cumplimiento ambiental y sostenibilidad

Gasto total de cumplimiento ambiental en 2023: 520 mil millones de KRW

Iniciativa de sostenibilidad	Inversión (KRW)	Porcentaje de presupuesto ambiental
Tecnologías de reducción de emisiones	210 mil millones	40.4%
Desarrollo de energía renovable	180 mil millones	34.6%
Sistemas de monitoreo ambiental	130 mil millones	25%

Corea Electric Power Corporation (KEP) - Modelo de negocios: flujos de ingresos

Ventas de electricidad a consumidores residenciales

En 2022, KEP generó 136.8 billones de KRW a partir de ventas de electricidad residencial. La factura de electricidad mensual promedio para un hogar coreano fue de 107,000 KRW.

Segmento de consumo	Ingresos anuales (billones de KRW)	Consumo mensual promedio (KWH)
Consumidores residenciales	136.8	392

Contratos de suministro de electricidad industrial

Los contratos de electricidad industrial generaron 214.5 billones de KRW en 2022, lo que representa el 52% de los ingresos totales de electricidad.

• Sector de fabricación: 124.7 billones de krw
• Industria pesada: 59.3 billones de KRW
• Parques tecnológicos: 30.5 billones de KRW

Subsidios y apoyo del gobierno

KEP recibió 18.6 billones de KRW en subsidios gubernamentales en 2022, principalmente para el desarrollo de la infraestructura de energía renovable.

Tipo de subsidio	Cantidad (billón de krw)
Infraestructura de energía renovable	12.4
Modernización de la cuadrícula	4.2
Investigación & Desarrollo	2.0

Comercio de crédito de energía renovable

El comercio de crédito de energía renovable generó 7.2 billones de KRW en 2022, con créditos solares y eólicos que representan la mayoría de las transacciones.

• Créditos de energía solar: 4.1 billones de krw
• Créditos de energía eólica: 2.5 billones de krw
• Créditos energéticos de biomasa: 0.6 billones de krw

Servicios de consultoría técnica e infraestructura

KEP obtuvo 12.3 billones de KRW de servicios técnicos de consultoría e infraestructura en mercados internacionales.

Categoría de servicio	Ingresos (billones de KRW)	Mercados primarios
Consultoría de infraestructura de cuadrícula	6.7	Sudeste de Asia, Medio Oriente
Diseño de planta de energía	3.2	África, América del Sur
Sistemas de gestión de energía	2.4	Mercados globales

Korea Electric Power Corporation (KEP) - Canvas Business Model: Value Propositions

Stable and reliable electricity supply for national security and industry.

Korea Electric Power Corporation (KEP) is executing the 11th Long-Term Transmission and Substation Facility Plan, covering the period from 2024 to 2038, to support surging electricity demand. Government energy authorities project national electricity demand to be an estimated 106 gigawatts (GW) in 2025. KEPCO plans to invest 72.8 trillion won (approximately $53.5 billion) through 2038 to expand the national power grid. This upgraded investment plan includes extending total transmission line length to 61,183 circuit kilometers (C-km) by 2038, a 71.9% increase from the 35,596 C-km in 2023. The number of substations is set to grow from 906 to 1,297 over the same period, representing a 43.2% rise.

Diversified energy portfolio including nuclear, coal, gas, hydro, and renewables.

Korea Electric Power Corporation (KEP) focuses on maximizing the use of nuclear power and promoting decarbonization efforts as set forth in the seventh Basic Energy Plan and the GX2040 Vision. The company's power generation subsidiaries benefit from favorable adjustment coefficients, with the average adjustment coefficient for coal improving to 1.00 from 0.78 in 2024, and that for Korea Hydro & Nuclear Power Co. Ltd. (KHNP) improving to 0.59 from 0.43 in 2024.

The energy portfolio strategy is reflected in recent financial performance:

• Nuclear power plant utilization rate rose from 81.7% last year to 86.5% this year (Q3 2025).
• Fuel expenses for KEPCO's generation subsidiaries decreased by 1.2239 trillion Korean won in Q3 2025 compared to a year ago.
• The System Marginal Price (SMP) for wholesale electricity saw a 10.9% year-on-year decline.

Customized power services and flexible electricity rate options.

Performance in the third quarter of 2025 was significantly boosted by an average increase of 9.7% in industrial electricity rates implemented in 2024. Revenue from electricity sales increased by 1.4518 trillion Korean won in Q3 2025 compared to the same period last year.

Key financial and operational metrics for the third quarter of 2025:

Metric	Value (Consolidated)	Comparison
Operating Profit (Q3 2025)	5.6519 trillion Korean won	Highest quarterly figure in history
Operating Profit Increase (YoY Q3 2025)	66.4%	Year-on-year increase
Net Income (Q3 2025)	3.79 trillion won	Highest in a decade
Net Profit Increase (YoY Q3 2025)	101.6%	Year-on-year increase
Sales (Q3 2025)	27.5724 trillion Korean won	Record high

Global energy solution provider expertise for international partners.

KEPCO Nuclear Fuel ("KEPCO NF" or "KNF"), South Korea's sole specialist in nuclear fuel design, manufacturing, and service, published its 2025 Sustainability Report to disclose its ESG activities.

Lower-cost power generation through increased nuclear utilization.

The improved nuclear capacity factor from 81.7% to 86.5% in Q3 2025 led to higher generation from cheaper nuclear power, reducing reliance on more expensive power sources. For comparison, a 1% decrease in the nuclear power utilization rate at Kansai Electric Power increases fuel costs by about 5.3 billion yen (FY 2024).

Financial risk profile improvement estimates for 2025:

• Estimated EBITDA for 2025: KRW 29 trillion.
• EBITDA in 2024 was KRW 23 trillion.
• Forecasted EBITDA margin for 2025-2026: 29.1%-29.3%.
• EBITDA margin in 2024 was 24.4%.

Korea Electric Power Corporation (KEP) - Canvas Business Model: Customer Relationships

Regulated service model for essential utility provision.

Korea Electric Power Corporation (KEPCO) operates as the sole distributor of electricity in South Korea. Through its six generation subsidiaries, KEPCO is responsible for roughly 96% of the nation's electricity generation. The company reported consolidated operating revenues of KRW 73.7465 trillion for the first nine months of 2025. The operating profit for the third quarter of 2025 reached 5.65 trillion won, marking a 66.4% year-on-year increase. Net income for Q3 2025 rose by 101.6% to 3.79 trillion won. As of June 2025, the company's debt stood at 206.2 trillion won.

Dedicated account management for large industrial and commercial users.

The pricing structure for large users saw a change with a 9.7% electricity rate hike for industrial users implemented in October 2024. This adjustment contributed to a 2.45 trillion-won increase in profit from electricity sales in the first half of 2025, even with a 0.05% decrease in sales volume over the same period. In the broader B2B environment, 70% of marketers report having an active Account-Based Marketing (ABM) program in place in 2025. Furthermore, the large enterprises segment accounts for about 63.0% of the total account planning tool market in 2025.

Here's a look at the context for managing these high-value accounts:

• Account-Based Marketing (ABM) is used by 67% of brands for engaging key accounts.
• The account planning tool market size in 2025 is valued at USD 1.4 billion.
• ABM strategies have shown an impressive 97% of marketers report higher ROI compared to other strategies.

Digital engagement for customized rate options and service management.

Korea Electric Power Corporation (KEPCO) plans to enhance customized power services by expanding electricity rate options and developing a variety of electricity products to support consumers in using power more reasonably. The goal is to control power supply and demand in real time and increase system reliability by utilizing technology. Industry-wide trends suggest that by 2025, 85% of customer interactions are expected to be managed without human intervention. Also, 76% of customers are more likely to purchase from businesses that customize the Customer Experience (CX).

Digital Engagement Benchmarks (2025 Context):

Metric	Reported Figure
Customer Interactions Managed Without Human Intervention (Expected by 2025)	85%
Customers More Likely to Purchase with Customized CX	76%
AI-Assisted Customer Interactions (Anticipated by 2025)	95%

Technical cooperation and knowledge-sharing with international utilities.

Korea Electric Power Corporation (KEPCO) is committed to leading the innovation of the power industry ecosystem. This involves actively promoting R&D investment and technology commercialization to develop innovative technologies in new industries. The company plans to create new growth opportunities in cooperation with startups and expand strategic investments linked to government policies by transferring KEPCO's owned technology. In alignment with broader industry goals, some utility groups proactively collaborate with business partners, national and local governments, research institutions, and other relevant parties to help customers realize zero-carbon operations.

Moving from pure utility to energy solution provider.

Korea Electric Power Corporation (KEPCO) has declared its new 2025 vision to become a Global Energy & Solution Leader, moving beyond its traditional role as a power supply company. The long-term ambition is to grow into a global energy company with sales reaching 127 trillion won by 2035. This pivot involves intelligently developing power infrastructure and modernizing the grid to handle bidirectional energy flows from distributed energy resources (DERs). The government-backed plan aims to integrate 36 gigawatts (GW) of DERs, primarily solar, into the grid by 2028.

Korea Electric Power Corporation (KEP) - Canvas Business Model: Channels

You're looking at the channels Korea Electric Power Corporation (KEP) uses to deliver its core service-electricity-and manage its customer relationships in late 2025. The sheer scale of the operation means the channels are dominated by physical infrastructure, but digital adoption is clearly a growing focus.

National high-voltage transmission and distribution network. This is the primary, non-negotiable channel, representing the physical backbone of KEP's entire operation. While the exact length in kilometers isn't readily available in the latest reports, the scale is implied by the massive financial throughput. For the first nine months of 2025, KEP's consolidated operating revenues hit a substantial KRW 73.7465 trillion. The company is actively investing in modernizing this, including the government-backed 'energy expressway' initiative, which involves building High-Voltage Direct Current (HVDC) infrastructure nationwide. This network supports the delivery of electricity that resulted in Q3 2025 consolidated operating revenues of KRW 27.5724 trillion.

Local service centers and physical touchpoints for residential customers. KEP remains the sole electricity distributor in South Korea, meaning these centers are the essential physical interface for millions of residential and commercial users. The company serves a vast customer base, which is reflected in the Q3 2025 electricity sales volume reaching 419.9 TWh. The financial health supporting these physical touchpoints is evident in the Q3 2025 operating profit surge to KRW 5.6519 trillion. However, the number of physical centers themselves is not explicitly detailed in the latest public filings.

Digital platforms and mobile applications for billing and service requests. KEP is pushing digital adoption, though specific user counts for its apps aren't public. We know that globally, digital engagement is high, with social media users equating to more than 60 percent of the global population at the start of 2025. KEP's strategy involves promoting solutions related to energy usage, which points directly to app-based engagement for things like usage monitoring and service requests. The company's overall financial recovery in 2025, with net income for Q3 2025 reaching approximately KRW 3.79 trillion, provides the capital to enhance these digital channels.

Direct contracts and negotiations with large industrial consumers. This segment is critical, as industrial demand directly impacts sales volume and revenue stability. KEPCO noted that full-year electricity sales volume for 2025 was projected to be slightly down due to a downturn in the manufacturing sector. This highlights the direct link between the industrial channel and KEP's top line. The company's consolidated revenue for the first half of 2025 was KRW 46,174 billion. The pricing mechanism for this segment is also a key channel lever, as evidenced by the 9.7 percent electricity rate hike for industrial users in October 2024, which contributed to the Q3 2025 profit surge.

International business development teams for overseas projects. KEP is actively developing electric power projects globally, including nuclear. These teams operate through direct negotiations and project execution overseas. The scale of this channel is represented by the total output from KEPCO's investment in overseas projects, which is approximately 2,872 MW across 18 projects in operation. The total investment amount for these projects is approximately 240.0 billion yen. For reference, the International Business Profit for a recent period was reported as -KRW 1.0 (in billions or similar unit).

Here is a snapshot of the financial scale underpinning these channels as of late 2025:

Metric	Value (Latest Available 2025 Data)	Period
Consolidated Operating Revenues	KRW 73.7465 trillion	9M 2025
Consolidated Operating Profit	KRW 5.6519 trillion	Q3 2025
Consolidated Net Income	KRW 3.79 trillion	Q3 2025
Total Debt	KRW 206.2 trillion	Mid-2025
Electricity Sales Volume	419.9 TWh	Q3 2025

The channels KEP uses are dictated by its monopoly status domestically and its project-based approach internationally. You can see the operational focus through these key figures:

• HVDC transmission capacity increases are targeted for the first phase around October 2026.
• Nuclear output utilization is expected to be in the mid-to-high-80% range in 2025.
• The company is working toward achieving a 50% CO2 emission reduction compared to 2013 targets for domestic power generation projects by 2025, two years ahead of schedule.

The reliance on the physical network is absolute, but the financial results show that rate adjustments and cost control are the immediate levers KEP is pulling to improve the health of the business that flows through these channels. Finance: draft 13-week cash view by Friday.

Korea Electric Power Corporation (KEP) - Canvas Business Model: Customer Segments

You're looking at Korea Electric Power Corporation (KEPCO) because its customer base is essentially the entire South Korean economy, which is a unique position for any utility. KEPCO is the state-backed utility monopoly, responsible for the transmission and distribution of power to virtually every end-user in the country. Its structure involves six wholly owned generation subsidiaries that feed power into the system, which KEPCO then distributes.

The customer segments are served through a regulated structure, though regulatory changes, like the introduction of a wholesale pricing system in 2025, are beginning to shift dynamics. For the first nine months of 2025 (9M 2025), the company's consolidated operating revenues hit KRW 73.7465 trillion.

Residential Customers (millions of households)

This segment represents the foundational customer base, covering all households in South Korea. While the exact current number of millions of households served isn't explicitly stated in the latest reports, the structure implies coverage of the entire nation. Electricity sales volume in the third quarter of 2025 (Q3 2025) reached 419.9 TWh. The residential segment's demand is a key driver, though Q1 2025 sales volume saw a 0.5% decline partly due to factors outside this segment.

Commercial Customers (small and medium-sized businesses)

This group includes offices, retail, and smaller service-sector entities. KEPCO serves this segment as part of its general distribution network alongside residential users. The company's segmentation strategy explicitly includes criteria like income and lifestyle, which directly relate to commercial and residential profiles.

Industrial Customers (large manufacturers, data centers, high-demand users)

This is a critical segment, often driving the largest volume of electricity sales. Management noted that the full-year 2025 sales projection anticipates a slight decline due to the impact of a downturn in the manufacturing sector. This indicates that industrial demand is a significant, albeit currently softening, component of KEPCO's domestic revenue base. The rise of AI and data centers is a noted factor increasing overall electricity demand uncertainty.

Here's a look at the most recent reported sales revenue breakdown:

Metric	Value (Q3 2025)	Year-over-Year Change
Total Electricity Sales Revenue	KRW 70.6316 trillion (for 9M 2025)	Up 5.9% (Q3 2025)
Electricity Sales Revenue Share of Total Revenue	95.78% (9M 2025)	N/A
Electricity Sales Volume	419.9 TWh (Q3 2025)	Up 0.4% (Q3 2025)

International Governments and Utility Companies (nuclear and grid exports)

KEPCO is actively pivoting to become a 'Global Energy & Solution Leader,' making this segment a key growth engine. This involves exporting nuclear technology and securing long-term power grid projects. The company is pursuing active bids in Vietnam and Saudi Arabia for nuclear projects. Furthermore, a major win was secured with a 25 trillion won contract for a nuclear power plant in the Czech Republic. KEPCO also signed an agreement with the UAE's Emirates Nuclear Energy Company covering small modular reactors (SMRs). The long-term goal is to achieve overseas and growth business sales of 20 trillion won by 2035.

Power Generation Subsidiaries (internal market)

The six wholly owned generation subsidiaries form an essential internal customer/supplier relationship. KEPCO purchases the power generated by these subsidiaries, which collectively account for roughly 96% of South Korea's electricity generation. This internal transaction forms the core of KEPCO's power purchase cost structure. For instance, KEPCO E&C revised a sales and supply contract with its subsidiary KHNP, raising the deal value to 71.59... (specific final figure incomplete).

KEPCO's customer base is defined by its monopoly status domestically, but its future growth is clearly tied to these external, high-value international contracts. Finance: review the 2035 target of KRW 20 trillion in overseas sales against current pipeline progress by next Tuesday.

Korea Electric Power Corporation (KEP) - Canvas Business Model: Cost Structure

You're looking at the hard numbers driving Korea Electric Power Corporation (KEP) costs as of late 2025. It's a story dominated by debt servicing and the volatile cost of fuel, even with recent profitability improvements.

Fuel procurement costs remain a major variable expense, though recent stabilization has helped margins. For the third quarter of 2025, the fuel cost component was reported at KRW 14,826 billion, marking a 16% decrease year-on-year. Looking at the first half of 2025, the consolidated fuel cost was KRW 9.3252 trillion, which was a 14.6% reduction.

The high interest expense on substantial debt is a constant drag. As of the second quarter of 2025, KEP's consolidated debt reached KRW 206.2323 trillion, confirming the massive scale you mentioned. Interest expenses for the first half of 2025 alone totaled KRW 2.2112 trillion. This elevated debt load is a key factor management cites for future tariff adjustments.

Costs of purchasing electricity from private power generators, or power purchase costs, also feature prominently. In Q3 2025, this cost stood at KRW 26,606.3 billion. For the first quarter of 2025, the power purchase cost was KRW 8.75 trillion.

Regarding Capital expenditure (CapEx) for grid modernization and new power projects, specific full-year 2025 figures aren't immediately clear in the latest reports, but management stresses the need for investment in the power grid and the pursuit of overseas nuclear power projects in places like Vietnam and Saudi Arabia.

Transmission, distribution, and maintenance costs are bundled within the larger Cost of Sales and SG&A expenses. For the first half of 2025, these combined expenses totaled KRW 40,284.6 trillion (likely billion) on a consolidated basis. Management reported a 2.7% overall reduction in operating expenses for Q3 2025.

Here's a quick look at some of the key cost-related figures from the first half and third quarter of 2025:

Cost Component	Period	Reported Amount (KRW)	Notes
Consolidated Debt	Q2 2025	206.2323 trillion	Debt ratio: 472.2%
Interest Expense	H1 2025	2.2112 trillion	Total for the first half
Fuel Cost	Q3 2025	14,826 billion	Down 16% year-on-year
Power Purchase Cost	Q3 2025	26,606.3 billion	Down 0.8%
Cost of Sales & SG&A	H1 2025	40,284.6 trillion	Consolidated total

You should also track the costs associated with renewable energy mandates, which are significant:

• RPS costs (Consolidated) for H1 2025 were KRW 1,958.9 trillion (likely billion).
• RPS costs (Consolidated) for Q3 2025 were KRW 2,876.1 billion.

The generation mix is defintely impacting these costs, with nuclear utilization forecast in the mid- to high-80% range for 2025, while coal is expected in the mid-40% range and LNG in the mid- to high-20% range. Finance: draft 13-week cash view by Friday.

Korea Electric Power Corporation (KEP) - Canvas Business Model: Revenue Streams

You're looking at the revenue side of Korea Electric Power Corporation (KEP) as of late 2025, and the numbers show a utility benefiting from regulated price adjustments, even as it manages massive debt. The core of the revenue stream remains the sale of electricity to domestic customers, which is tied to government-regulated rates.

For the first nine months of 2025, the company's consolidated operating revenues reached KRW 73.7465 trillion. This top-line performance reflects the operational environment, which saw a significant boost in the third quarter.

Specifically, Q3 2025 sales hit a record high of KRW 27.5724 trillion. This quarterly record was supported by a favorable mix of volume and pricing for the power sold.

Here's a breakdown of the Q3 2025 revenue components, showing where that record sales figure came from:

Revenue Component	Amount (KRW)	Notes
Total Sales Revenue (Q3 2025)	27,572,400,000,000	Record quarterly sales.
Electricity Sales Revenue (Q3 2025)	70,631,600,000,000 (for 9M, but Q3 component is derived)	Electricity sales revenue for Q3 2025 was KRW 70,631.6 billion (or 70.6316 trillion KRW) on a consolidated basis.
Other Revenue (Q3 2025)	3,114,900,000,000	Includes revenue from overseas business income.

The domestic electricity sales are the primary driver, and you can see the impact of the regulated rate environment. Compared to the first to third quarters of the previous year, the unit price rose by 5.5%, moving from 161.5 Korean won per kWh to 170.4 Korean won per kWh. This pricing power, combined with a marginal increase in electricity sales volume of 0.4% year-on-year in Q3, fueled the revenue growth.

The direct financial result of the electricity sales performance in the quarter was substantial: Profit from electricity sales increased by KRW 1.4518 trillion in Q3 2025 year-on-year.

Beyond the domestic grid, Korea Electric Power Corporation (KEP) secures revenue from its international activities. This is captured in the 'Other Revenue' segment, which covers:

• Revenue from overseas power generation projects.
• Project development fees.
• Consulting fees related to energy infrastructure.

For Q3 2025, this 'Other Revenue' segment, which includes overseas business income, was reported at KRW 3,114.9 billion. Still, this segment saw a slight dip, down by 0.9% year-on-year for the quarter.

You should note the expected headwinds for the full year, even with the strong Q3. Management projected that full-year electricity sales volume for 2025 would decline slightly due to weaker economic growth and a downturn in the manufacturing sector. That's a demand headwind you need to factor into any forward-looking model.