Setting out a strategy

The South Korean government is privatising the country’s electricity market, prompting Korea Electric Power Corporation to look closely at its risk management policies. Nick Sawyer reports


The South Korean government is deregulating the country’s electricity market, and plans to introduce full competition among the country’s retail consumers by 2009. As part of the restructuring, government-owned power giant Korea Electric Power Corporation (Kepco) is undergoing a shake-up, with plans to hive off its power generation, distribution and sales assets to third-party investors. Consequently, the firm has been bolstering its risk management practices over the past few years to prepare

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