Korea Electric Power Corporation Sponsored ADR Stock News

It is highly probable that KEP will re-initiate dividends for the current fiscal year, judging by the positive read-throughs from the company's recent management commentary. Korea Electric Power is likely to be in the black again in FY 2024, and a key earnings driver will be a higher nuclear power generation contribution. I leave my existing Buy rating for KEP unchanged, as the catalysts for an...

NAJU, South Korea , April 30, 2024 /PRNewswire/ -- On April 30, 2024, Korea Electric Power Corporation (NYSE: KEP) ("KEPCO") filed its annual report including audited consolidated financial statements on Form 20-F for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission. The report is available at KEPCO's website, home.kepco.co.kr/kepco/EN/ (Investor Relations – IR ...

Korea Electric Power is likely to generate positive earnings in the current year, with expectations that the company will optimize its power generation mix to reduce fuel-related costs.

Kim Dong-cheol was recently appointed as Korea Electric Power's new CEO, and he replaces Cheong Seung-il who previously disclosed in May he wished to step down as CEO. A meaningful increase in the electricity tariff rate and a faster pace of revenue diversification are some of the key goals set by the new CEO. I have a favorable view of the new CEO appointment, and this explains why I have main...

Korea Electric Power's Q2 2023 performance is expected to be better as compared to the first quarter, considering an electricity tariff hike and lower purchased power costs. KEP's high financial leverage isn't a major concern, taking into account Fitch's credit rating, its debt maturity profile, and asset monetization plans. I leave my Buy rating for Korea Electric Power unchanged, after assess...

NAJU, South Korea , April 28, 2023 /PRNewswire/ -- On April 28, 2023, Korea Electric Power Corporation (NYSE: KEP) ("KEPCO") filed its annual report including audited consolidated financial statements on Form 20-F for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission. The report is available at KEPCO's website, home.kepco.co.kr/kepco/EN/ (Investor Relations – IR ...

Korea Electric Power is expected to witness a narrowing of losses in 2023, prior to turning profitable in 2024. Actions taken by the Korean government like tariff hikes and the SMP cap should enable KEP to achieve a better set of results in the near future.

Korea Electric Power's shares staged a strong recovery jumping by +49% in the past two months after hitting a new 52-week trough in late-October. The positive catalysts for KEP include tariff hikes, purchased power cost savings, asset sales, and capex optimization.