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MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  Korea Electric Power Corporation    A015760   KR7015760002

KOREA ELECTRIC POWER CORPORATION

(A015760)
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Korea Electric Power : South Korea to close six older coal-fired power plants by 2021, from planned 2022

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11/01/2019 | 01:01am EST
Vehicles move on a road on a polluted day in Seoul

SEOUL (Reuters) - South Korea's six older coal-fired power plants will be retired by 2021, a year earlier than previously planned, as part of the country's ongoing efforts to curb air pollution, the prime minister's office said on Friday.

South Korea, Asia's fourth-largest economy, runs some 60 coal-fired power plants, generating around 40% of the country's electricity, but coal has been blamed for worsening air quality in the country.

The six older coal-fired power plants account for 7% of the total installed coal power capacity, or 2.6 gigawatts, according to Reuters calculations based on data from Korea Electric Power Corp.

South Korea stops operations at some ageing coal-fired power plants from March to June every year to reduce air pollution levels and put a cap on coal power operations when an air pollution advisory is issued.

Meanwhile, the prime minister's office said the government will decide in late November the number of coal power plants to be shut down between December and March to further lower the country's air pollution levels.

In September, South Korea's presidential committee recommended halting up to 14 coal power plants between December and February and up to 27 in March, ramping up the country's anti-pollution measures.

(Reporting By Jane Chung; Editing by Shounak Dasgupta)

Stocks mentioned in the article
ChangeLast1st jan.
KOREA ELECTRIC POWER CORPORATION End-of-day quote.
POWER CORPORATION OF CANADA -0.66% 34.38 Delayed Quote.2.78%
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Financials (KRW)
Sales 2019 59 215 B
EBIT 2019 -273 B
Net income 2019 -1 679 B
Debt 2019 63 111 B
Yield 2019 -
P/E ratio 2019 -10,3x
P/E ratio 2020 14,6x
EV / Sales2019 279x
EV / Sales2020 275x
Capitalization 16 434 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 31 891,30  KRW
Last Close Price 25 600,00  KRW
Spread / Highest target 56,3%
Spread / Average Target 24,6%
Spread / Lowest Target -14,1%
EPS Revisions
Managers
NameTitle
Jong-Kap Kim President, Chief Executive Officer & Director
Jeong-soo Kim Head of Finance & IR Team
Jong-Hwan Lee Head-Technological Innovation
Bong-Su Mun Director & Head-Power Grid
Jwa-Kwan Kim Independent Director
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