Korea Electric Power Corporation (KEP): Business Model Canvas [Jan-2025 Mis à jour]

Dans le paysage dynamique de la production mondiale d'énergie, Korea Electric Power Corporation (KEPCO) apparaît comme une puissance transformatrice, naviguant stratégiquement à l'intersection complexe des infrastructures nationales, de l'innovation technologique et du développement durable. Avec un modèle commercial complexe qui équilibre la production d'électricité traditionnelle avec des solutions d'énergie renouvelable de pointe, KEPCO représente une étude de cas fascinante sur la façon dont un service public d'État peut simultanément répondre aux demandes d'énergie nationale critiques tout en pionnier des stratégies environnementales avant-gardistes. Cette exploration du modèle commercial de KEPCO dévoile les mécanismes sophistiqués stimulant l'une des organisations d'infrastructure les plus critiques de la Corée du Sud, offrant un aperçu de son approche multiforme de la production d'électricité, de la distribution et du progrès technologique.

Korea Electric Power Corporation (KEP) - Modèle d'entreprise: partenariats clés

Gouvernement de Corée du Sud (partenaire réglementaire et stratégique primaire)

Le ministère du commerce, de l'industrie et de l'énergie détient une participation de 51,1% dans KEPCO en 2023. Support annuel de politique énergétique du gouvernement estimé à 2,5 billions de KRW.

Dimension de partenariat	Détails spécifiques	Impact financier
Collaboration réglementaire	Alignement national de la politique énergétique	1,8 billion de support d'investissement KRW
Planification stratégique	Développement d'infrastructures énergétiques à long terme	700 milliards de financement d'infrastructure KRW

Fournisseurs de technologies d'énergie renouvelable

KEPCO collabore avec 12 grandes sociétés de technologies renouvelables en Corée du Sud.

• Fabricants de panneaux solaires: 5 partenariats stratégiques
• Provideurs de technologie d'éoliennes: 3 collaborations clés
• Développeurs du système de stockage d'énergie: 4 partenariats actifs

Fabricants d'équipements nucléaires

Kepco maintient des partenariats avec 7 fabricants d'équipements nucléaires nationaux et internationaux.

Fabricant	Pays	Valeur du contrat
Doosan Heavy Industries	Corée du Sud	450 milliards de krw
Mitsubishi Heavy Industries	Japon	350 milliards de krw
Westinghouse Electric	États-Unis	320 milliards de krw

Partenaires internationaux d'interconnexion sur le réseau

Kepco maintient des accords d'interconnexion de la grille transfrontaliers avec 4 pays.

• Japan Power Grid: 500 MW Capacité d'interconnexion
• Russie Power Grid: 300 MW Capacité d'interconnexion
• China Southern Power Grid: 250 MW Capacité d'interconnexion

Institutions de recherche et universités

KEPCO collabore avec 15 institutions de recherche et universités pour l'innovation technologique.

Institution	Focus de recherche	Financement de la recherche annuelle
Université nationale de Séoul	Systèmes énergétiques avancés	50 milliards de krw
Kaist	Technologie nucléaire	45 milliards de krw
Institut de la Corée de la recherche sur l'énergie	Énergie renouvelable	60 milliards de krw

Korea Electric Power Corporation (KEP) - Modèle d'entreprise: activités clés

Production d'électricité sur plusieurs sources d'énergie

KEP exploite un portefeuille de production d'électricité diversifié avec la ventilation suivante:

Source d'énergie	Capacité installée (MW)	Pourcentage
Nucléaire	23,241	29.5%
Charbon	21,684	27.5%
Gaz naturel	18,543	23.5%
Énergie renouvelable	11,256	14.3%
Huile	4,562	5.2%

Gestion des infrastructures de transmission et de distribution de puissance

KEP gère une vaste infrastructure de transmission:

• Longueur totale de la ligne de transmission: 115 342 kilomètres
• Lignes de transmission haute tension: 42 567 kilomètres
• Sous-stations: 1 289 unités
• Capacité totale du transformateur: 324 567 MVA

Stabilité du réseau et maintenance du réseau d'énergie

Investissement annuel sur la maintenance du réseau:

Catégorie de maintenance	Investissement annuel (USD)
Mise à niveau des infrastructures de grille	1,2 milliard
Technologie de grille intelligente	456 millions
Systèmes de maintenance prédictive	287 millions

Développement du projet d'énergie renouvelable

Portfolio de projets d'énergie renouvelable:

• Projets d'énergie solaire: 3 456 MW
• Projets éoliens: 2 789 MW
• Projets hydroélectriques: 1 234 MW
• Énergie de la biomasse: 567 MW

Initiatives d'efficacité énergétique et de conservation

Métriques du programme d'efficacité énergétique:

Initiative	Économies d'énergie annuelles
Déploiement de la mesure intelligente	1,2 million de MWh
Programmes d'efficacité énergétique industriels	2,4 millions de MWh
Conservation de l'énergie résidentielle	876 000 MWh

Korea Electric Power Corporation (KEP) - Modèle d'entreprise: Ressources clés

Installations de production d'électricité

Capacité installée totale: 110 764 MW à 2023

Type de génération	Capacité (MW)	Pourcentage
Nucléaire	23,116	20.9%
Charbon	36,680	33.1%
Gaz naturel	27,400	24.7%
Renouvelable	23,568	21.3%

Réseau de transmission et de distribution

• Lignes de transmission totales: 65 213 kilomètres de circuit
• Sous-stations: 1 573 unités
• Niveaux de tension de transmission: 765kV, 345KV, 154KV

Capital financier

Actif total: 107,8 billions de KRW (rapport financier 2023)

Dépenses en capital annuelles: 12,4 billions de krw

Ressources humaines

Total des employés: 24 671 (à partir de 2023)

• Pourcentage de main-d'œuvre technique: 68%
• Âge moyen des employés: 42,3 ans
• Heures de formation annuelles par employé: 86 heures

Recherche et innovation

Investissement annuel de R&D: 523 milliards de KRW

• Centres de recherche: 3 installations dédiées
• Brevets actifs: 647
• Demandes de brevets annuelles: 89

Korea Electric Power Corporation (KEP) - Modèle d'entreprise: propositions de valeur

Approvisionnement électrique fiable et cohérent pour les infrastructures nationales

KEP offre une couverture 100% électrique à travers la Corée du Sud, fournissant 483 973 GWh d'électricité en 2022. La société maintient un Taux de fiabilité de 99,99%.

Capacité de production d'électricité	Volume total	Métrique de fiabilité
Capacité de production totale	129 704 MW	99.99%

Portefeuille d'énergie diversifié réduisant la dépendance à la source unique

La répartition du mélange d'énergie de KEP pour 2022:

• Énergie nucléaire: 27,4%
• Pouvoir du charbon: 29,8%
• Gaz naturel: 25,6%
• Énergie renouvelable: 6,4%
• Huile et autres: 10,8%

Engagement envers la transition d'énergie durable et propre

Investissement dans les infrastructures d'énergie renouvelable: 3,2 billions de KRW d'ici 2030. Target pour réduire les émissions de carbone de 41,7% par rapport aux niveaux de 2018.

Cible d'énergie renouvelable	Investissement	Objectif de réduction des émissions
20% de la génération totale d'ici 2030	3,2 billions de krw	41,7% de réduction

Prix ​​de l'électricité compétitive pour les consommateurs industriels et résidentiels

Tarifs d'électricité moyens en 2022:

• Résidentiel: 118,7 KRW par kWh
• Industriel: 86,5 KRW par kWh
• Commercial: 107,3 ​​KRW par kWh

Solutions technologiques avancées pour la gestion de l'énergie

KEP a investi 512 milliards de KRW dans des technologies de transformation Smart Grid et numériques en 2022.

Investissement technologique	Développement de la grille intelligente	Budget de transformation numérique
512 milliards de krw	15 projets de grille intelligente pilote	237 milliards de krw

Korea Electric Power Corporation (KEP) - Modèle d'entreprise: relations clients

Prestation de services obligées du gouvernement

KEP dessert 26,1 millions d'électricité à travers la Corée du Sud en 2023, avec un mandat de couverture électrique à 100%.

Catégorie client	Nombre de clients	Couverture de service
Clients résidentiels	20,3 millions	78% du total des clients
Clients commerciaux	5,4 millions	20,7% du total des clients
Clients industriels	0,4 million	1,3% du total des clients

Centres d'assistance client et plateformes numériques

KEP exploite 256 centres de support client à l'échelle nationale avec des canaux de fiançailles numériques.

• Utilisateurs d'applications mobiles: 4,2 millions
• Portail de service client en ligne utilisateurs enregistrés: 6,8 millions
• Temps de résolution du service numérique moyen: 12,4 minutes

Reportage de facturation et de consommation transparente

KEP fournit une facturation mensuelle détaillée avec un suivi de la consommation en temps réel.

Métrique de facturation	Valeur moyenne
Facture résidentielle mensuelle moyenne	₩85,600
Taux de paiement des factures en ligne	92.3%

Services de consultation de l'efficacité énergétique

KEP fournit des consultations gratuites en matière d'efficacité énergétique aux clients.

• Consultations annuelles d'économie d'énergie: 124 000
• Les clients mettant en œuvre des recommandations d'efficacité: 68 500
• Économies d'énergie moyenne par consultation: 15,7%

Communication régulière sur les développements des infrastructures énergétiques

KEP entretient des canaux de communication complets pour les mises à jour d'infrastructure.

Canal de communication	Engagement annuel
Séminaires d'infrastructure publique	42 événements
Abonnés à la newsletter numérique	1,9 million
Abonnés des médias sociaux	3,4 millions

Korea Electric Power Corporation (KEP) - Modèle d'entreprise: canaux

Portails de service à la clientèle en ligne

KEP exploite une plate-forme en ligne complète avec 4,2 millions de comptes d'utilisateurs enregistrés en 2024. Le portail numérique traite environ 1,3 million de transactions mensuelles, y compris les paiements de factures, les rapports d'utilisation d'énergie et les demandes de service.

Métrique du portail	2024 statistiques
Utilisateurs enregistrés	4,200,000
Transactions mensuelles	1,300,000
Temps de réponse moyen	12 minutes

Centres de service client physique

KEP maintient 186 centres de service à la clientèle physique à travers la Corée du Sud, desservant environ 26,5 millions de consommateurs d'électricité.

• Centres de services physiques totaux: 186
• Visites quotidiennes quotidiennes par centre: 325
• Interactions annuelles du client: 22,3 millions

Application mobile pour la gestion de l'énergie

L'application mobile KEP compte 2,8 millions d'utilisateurs mensuels actifs. L'application fournit un suivi de la consommation d'énergie en temps réel, 78% des utilisateurs vérifiant leur consommation d'énergie chaque semaine.

Métrique de l'application mobile	2024 données
Utilisateurs mensuels actifs	2,800,000
Suivi de l'utilisation hebdomadaire	78%
Note de l'App Store	4.6/5

Communication de facturation directe

KEP traite 26,5 millions de communications de facturation mensuelles via des canaux numériques et traditionnels. La communication de facturation numérique représente 82% des interactions totales de facturation.

• Communications de facturation mensuelles: 26 500 000
• Pourcentage de facturation numérique: 82%
• Cycle de facturation moyen: 30 jours

Bureaux de distribution régionaux

KEP exploite 9 bureaux de distribution régionaux couvrant toutes les provinces en Corée du Sud, gérant les infrastructures électriques pour 26,5 millions de consommateurs.

Métrique de bureau régional	2024 statistiques
Bureaux régionaux totaux	9
Provinces couvertes	Toutes les 9 provinces
Les consommateurs totaux ont servi	26,500,000

Korea Electric Power Corporation (KEP) - Modèle d'entreprise: segments de clientèle

Consommateurs d'électricité résidentielle

En 2024, KEP dessert environ 21,5 millions de consommateurs d'électricité résidentielle en Corée du Sud.

Caractéristiques du segment	Nombre de consommateurs	Consommation mensuelle moyenne
Ménages résidentiels	21,500,000	392 kWh par ménage

Secteurs industriels et manufacturiers

KEP fournit de l'électricité à 85 000 clients industriels et fabriqués.

Type de l'industrie	Nombre de clients	Consommation d'électricité
Fabrication lourde	35,000	45% de la consommation totale d'électricité industrielle
Fabrication d'électronique	25,000	30% de la consommation totale d'électricité industrielle
Autre fabrication	25,000	25% de la consommation totale d'électricité industrielle

Entreprises commerciales

KEP dessert 115 000 clients commerciaux commerciaux dans divers secteurs.

• Commerces de détail: 45 000 clients
• Complexes de bureaux: 35 000 clients
• Secteur de l'hôtellerie: 20 000 clients
• Petites et moyennes entreprises: 15 000 clients

Institutions gouvernementales

KEP fournit de l'électricité à 5 500 institutions gouvernementales et du secteur public.

Type d'institution	Nombre de clients	Consommation d'électricité
Bureaux du gouvernement central	1,200	35% de la consommation d'électricité gouvernementale
Bureaux du gouvernement local	2,800	40% de la consommation d'électricité gouvernementale
Institutions publiques	1,500	25% de la consommation d'électricité gouvernementale

Utilisateurs de l'électricité agricole et rurale

KEP prend en charge 12 500 consommateurs d'électricité agricole et rurale.

Segment agricole	Nombre de clients	Consommation mensuelle moyenne
Coopératives agricoles	6,000	250 kWh par coopération
Communautés rurales	6,500	180 kWh par communauté

Korea Electric Power Corporation (KEP) - Modèle d'entreprise: Structure des coûts

Maintenance d'infrastructure de production d'électricité

Coûts de maintenance annuels pour l'infrastructure de production d'électricité de KEP en 2023: 3,2 billions de KRW

Type d'infrastructure	Coût de maintenance (KRW)	Pourcentage du budget de maintenance totale
Centrales nucléaires	1,45 billion	45.3%
Centrales électriques au charbon	980 milliards	30.6%
Infrastructure d'énergie renouvelable	475 milliards	14.8%
Réseaux de transmission et de distribution	290 milliards	9.3%

Aachat de carburant et de ressources

Total des frais d'approvisionnement en carburant pour 2023: 8,7 billions de krw

• Procurement de charbon: 4,2 billions de krw
• Aachat de gaz naturel: 2,9 billions de krw
• Aachat de combustible nucléaire: 1,6 billion de krw

Salaires et formation des employés

Total des dépenses liées au personnel en 2023: 1,85 billion de KRW

Catégorie de dépenses	Montant (KRW)	Pourcentage du budget du personnel
Salaires de base	1,4 billion	75.7%
Formation et développement	250 milliards	13.5%
Avantages et indemnités	200 milliards	10.8%

Investissements de technologie et d'infrastructure de réseau

Investissement total technologique pour 2023: 680 milliards de krw

• Technologie de la grille intelligente: 240 milliards de krw
• Infrastructure de cybersécurité: 180 milliards de krw
• Initiatives de transformation numérique: 260 milliards de krw

Programmes de conformité environnementale et de durabilité

Total des dépenses de conformité environnementale en 2023: 520 milliards de KRW

Initiative de durabilité	Investissement (KRW)	Pourcentage du budget environnemental
Technologies de réduction des émissions	210 milliards	40.4%
Développement d'énergie renouvelable	180 milliards	34.6%
Systèmes de surveillance environnementale	130 milliards	25%

Korea Electric Power Corporation (KEP) - Modèle d'entreprise: Strots de revenus

Ventes d'électricité aux consommateurs résidentiels

En 2022, KEP a généré 136,8 billions de KRW des ventes d'électricité résidentielle. La facture mensuelle moyenne de l'électricité pour un ménage coréen était de 107 000 KRW.

Segment des consommateurs	Revenus annuels (billion de krw)	Consommation mensuelle moyenne (kWh)
Consommateurs résidentiels	136.8	392

Contrats d'alimentation en électricité industrielle

Les contrats d'électricité industrielle ont généré 214,5 billions de KRW en 2022, ce qui représente 52% des revenus totaux de l'électricité.

• Secteur de fabrication: 124,7 billions de krw
• Industrie lourde: 59,3 billions de krw
• Parcs technologiques: 30,5 billions de krw

Subventions et soutien du gouvernement

KEP a reçu 18,6 billions de KRW dans les subventions gouvernementales en 2022, principalement pour le développement des infrastructures d'énergie renouvelable.

Type de subvention	Montant (milliards de krw)
Infrastructure d'énergie renouvelable	12.4
Modernisation de la grille	4.2
Recherche & Développement	2.0

Trading de crédit à énergie renouvelable

Le trading de crédit en énergie renouvelable a généré 7,2 billions de KRW en 2022, avec des crédits solaires et éoliens représentant la majorité des transactions.

• Crédits d'énergie solaire: 4,1 billions de krw
• Crédits d'énergie éolienne: 2,5 billions de krw
• Crédits d'énergie de la biomasse: 0,6 billion de krw

Services de conseil et d'infrastructure techniques

KEP a obtenu 12,3 billions de KRW des services techniques de conseil et d'infrastructure sur les marchés internationaux.

Catégorie de service	Revenus (milliards de krw)	Marchés primaires
Conseil des infrastructures de grille	6.7	Asie du Sud-Est, Moyen-Orient
Conception de la centrale électrique	3.2	Afrique, Amérique du Sud
Systèmes de gestion de l'énergie	2.4	Marchés mondiaux

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.