KEPCO expects all-time high $207 mn in 2024 overseas investment returns

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KEPCO expects all-time high $207 mn in 2024 overseas investment returns - Korea Economic Daily

Quick Summary:

NINE-MONTH INVESTMENT RETURNS MORE THAN DOUBLESince its entry into the global power business market in 1995, KEPCO has been operating 37 overseas projects across 17 countries, spanning thermal power, nuclear energy, renewable energy and other new energy businesses.

These new ventures are expected to boost revenue by 6.4 trillion won and create opportunities for other domestic companies to expand abroad, generating an additional economic effect of 4.4 trillion won.“We aim to proactively respond to the evolving energy market and expand our overseas operations, thereby enhancing KEPCO's financial stability and strengthening our global competitiveness,” said a KEPCO official.

The company said on Thursday that it expects to achieve more than 300 billion won ($207 million) in investment returns from its overseas business and that its annual revenue will exceed 3 trillion won in 2024.