KEPCO Rises to 319th in Forbes Global 2000, Soaring 428 Places in Three Years

Ranked 13th Among Global Utilities
Driven by Financial Improvement and Management Innovation

Korea Electric Power Corporation (KEPCO) was ranked 319th overall and 13th among global utility companies in the "2026 Forbes Global 2000" list released by the U.S. business magazine Forbes. This marks a rise of 428 places over three years from its 747th position in 2023, which had dropped due to the surge in energy prices.

According to KEPCO on July 8, the company’s overall ranking on the Forbes Global 2000 climbed steadily from 747th in 2023 to 711th in 2024, 402nd in 2025, and 319th this year. Its ranking among global utility companies also improved from 41st to 13th during the same period.

KEPCO cited financial improvement and management innovation as the driving factors behind this rise. Although it posted an operating loss of 32.7 trillion won in 2022, it achieved an operating profit of 13.5 trillion won last year, resulting in a performance improvement of 46.2 trillion won over three years. Notably, last year’s profit was the largest ever recorded without any increase in electricity rates, and KEPCO explained that 4.3 trillion won of this was generated through internal innovations such as market system improvements and cost reductions.

KEPCO also reported results in technological and business innovation alongside its financial turnaround. At CES 2026, the world’s largest information technology and consumer electronics exhibition, it became the first global utility company to win five innovation awards. KEPCO also secured a 1.5GW wind power project in Saudi Arabia. Last year, the company completed the integration of 4.1GW of renewable energy into the grid, marking the highest achievement since 2022.

However, KEPCO noted that while its major management indicators—sales (USD 68.5 billion), net income (USD 6.1 billion), and assets (USD 168.3 billion)—are at top global levels, its market capitalization stands at USD 16.6 billion, approximately one-tenth of the average of the top three global utility companies. This is attributed to the characteristics of the domestic electricity market system, which prioritizes public interest and price stability.

Kim Dongcheol, President & CEO of KEPCO, stated, "This rise in rankings was made possible by the dedication of all employees," adding, "We will use this achievement as a new starting point and continue management innovation to become the world’s leading energy company."

This content was produced with the assistance of AI translation services.