Korea Electric Power Corp (ADR) (NYSE:KEP)
CAPS Rating:
An electric utility company which is engaged in the transmission and distribution of considerably all of the electricity in Korea.
An electric utility company which is engaged in the transmission and distribution of considerably all of the electricity in Korea.
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KEP is in negotiations with the South Korean government to let it become privatized. KEP is is winning contracts left and right from Chinese governemt to develop China's spotty electricity grids just in time for the 2008 summer games. KEP is also developing China's nuclear power plants. On the domestic front, demand for electricity in South Korea will grow from 3-5% over the next 20 years. KEP like the the steel powerhouse POSCO (PKX) is also in a great position to take advantage of a post KIM JONG IL North Korea.