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KRX:015760

22 stories mentioning KRX:015760Updated 2d ago

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Asia

Market Chatter: SK Hynix, Samsung Electronics Decline KEPCO's Five-Year Electricity Bill Prepayment Plan

SK Hynix (KRX:000660) and Samsung Electronics (KRX:005930) have declined Korea Electric Power's (KRX:015760) proposal to prepay five years of electricity bills, Yonhap News reported Monday, citing industry sources.The South Korean power company proposed a 20 trillion won prepayment from Samsung and 5 trillion won from SK Hynix, based on their electricity payments last year.SK Hynix declined to comment, while Samsung Electronics and Korea Electric Power did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Research

Yuanta Securities Starts Korea Electric Power at Buy with KRW47,000 Price Target

Korea Electric Power (KRX:015760) has an average rating of overweight and mean price target of 46,357.14 won, according to analysts polled by FactSet.

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Asia

South Korea to Merge Five State-Run Power Generators into KEPCO Unit

South Korea plans to merge five state-run power generation companies into a single entity, Korea Power, which in turn will be a subsidiary of Korea Electric Power or KEPCO (KRX:015760) by October 2027.The integration aims to strengthen energy transition implementation, streamline management, and reduce costs for electricity consumers, according to a Friday news release from South Korea's Ministry of Climate, Energy and Environment.The new company will possess approximately 53 GW of capacity and will lead renewable energy expansion while systematically phasing out coal power.

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Asia

Korea Electric Power Says South Korean Government's Power Generator Merger Details Undecided

Korea Electric Power (KRX:015760) said Friday that the details of the South Korean government's plan to merge its five power generation subsidiaries, combining oil and gas firms in a sweeping energy overhaul, into a single entity are yet to be decided.The clarification came after The Herald Business and other media outlets published reports on the same on Thursday. Korea Electric Power will make another disclosure once specific details are determined or within a month, the company said in a Friday filing with the Korea Exchange.Shares of Korea Electric Power fell nearly 1% in recent trade.

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Asia

Market Chatter: Korea Electric Power Seeks KRW25 Trillion Fee Prepayments From Samsung Electronics, SK Hynix

Korea Electric Power (KRX:015760) has suggested electricity fee prepayments of 25 trillion won from Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), The Chosun Daily reported Thursday, citing a source and internal documents.The prepayments, composed of 20 trillion won for Samsung Electronics and 5 trillion won for SK Hynix, will cover fees in the next five years, with the parties currently discussing terms such as interest rates, the report said.The prepayments would help fund power grid construction for the Yongin and Hong semiconductor clusters and ease KEPCO's 210 trillion won debt burden, the report said.Korea Electric Power, Samsung Electronics and SK Hynix did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Hanshin Construction Wins 154kV Seoyeonggwang Tap-off Transmission Line Construction Order

Hanshin Construction (KRX:004960) secured a 35.4 billion won contract from the Korea Electric Power Corporation (KRX:015760) for the construction of the 154-kilovolt Seoyeonggwang tap-off transmission line, according to a Monday filing with the Korea Exchange.The contract is valid till June 9, 2030.Shares of Hanshin Construction fell nearly 3% at market close, while those of Korea Electric Power Corporation declined 2%.

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Asia

Daewoo E&C Wins Combined-Cycle Power Plant Contract from KEPCO Subsidiary

Daewoo Engineering & Construction (KRX:047040) secured an order from Korea Electric Power (KRX:015760) subsidiary Korea Western Power for the construction of a 550MW combined-cycle power plant, according to a Friday filing with the Korea Exchange.The contract amount of 209.7 billion won excludes value-added tax and reflects Daewoo Engineering & Construction's approximately 69.6% share of the total contract value.The contract, when signed on Feb. 27, 2024, did not meet the disclosure threshold but became subject to disclosure following an amendment, the filing said.Shares of Daewoo Engineering & Construction fell nearly 2%, while those of Korea Electric Power declined over 4% at market close.

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Research

Nomura Downgrades Korea Electric Power to Neutral From Buy, Adjusts Price Target to KRW40,000 From KRW61,000

Korea Electric Power (KRX:015760) has an average rating of overweight and mean price target of 44,588.23 won, according to analysts polled by FactSet.

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Asia

DL E&C Selected as Preferred Bidder for KRW245 Billion Asan CHP Plant Project

DL E&C (KRX:375500) was selected as the preferred bidder for the Asan combined heat and power (CHP) plant construction project, via a consortium led by Korea Electric Power Corporation (KRX:015760) subsidiary Korea Western Power, according to a Thursday filing with the Korea Exchange.The project involves the construction of a 500-megawatt-class CHP plant, with the firm's 85% share of the construction cost, excluding the value added tax, being valued at 245.4 billion won, it said.Shares of Korea Electric Power fell nearly 7% at market close.

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Asia

Korea Electric Power's Attributable Net Income Plunges 77% in Q2

Korea Electric Power (KRX:015760) posted a 77% year-over-year decline in net income attributable to shareholders of the parent to 267.3 billion won in the second quarter from 1.137 trillion won, according to a Wednesday filing with the Korea Exchange.Sales decreased 0.1% to 21.918 trillion won for the three months ended June 30 from 21.950 trillion won a year earlier.Shares of Korea Electric Power rose nearly 1% at market close.

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Asia

Tech Sell-Off Drags South Korean Equities Down, Triggering Circuit Breakers

South Korean stocks plunged on Tuesday as a sharp sell-off in semiconductor heavyweights dragged the benchmark KOSPI down over 10%, triggering market-wide circuit breakers. Shares of major market movers Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), and LG Energy Solution (KRX:373220) declined 13%, 15%, and 6%, respectively.The Korea Composite Stock Price Index, or Kospi, decreased by 732.09 points, or 10.8%, to end at 6,023.66. The Kosdaq also declined by 59.01 points, or 7.7%, to close at 705.85.In economic news, South Korea's consumer sentiment improved in July, with the Composite Consumer Sentiment Index rising 0.2 points to 106.8, according to data from the Bank of Korea on Tuesday.The reading compared with the 106.6 level recorded in the previous month. A reading above 100 indicates optimism, while a reading below suggests a deteriorating outlook.Inflation expectations for the upcoming 12 months fell 0.1 percentage point to 2.7%.In corporate news, Daewoo Engineering & Construction (KRX:047040) secured a contract worth 273 billion won from Korea Electric Power (KRX:015760) subsidiary Korea South-East Power for the design, procurement, and technical support for a heat and power plant.Under the contract, Daewoo Engineering & Construction will supply gas and steam turbine generators, heat recovery steam generators, and related equipment for the Songsan combined heat & power plant in Gyeonggi province's Hwaseong, according to a Tuesday filing with the Korea Exchange.The contract runs from July 27, 2026, to Nov. 30, 2029.Shares of Daewoo Engineering & Construction plunged 12% at market close, while those of Korea Electric Power fell 7%.

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Asia

Daewoo E&C Wins KRW273 Billion CHP Equipment Contract from Korea South-East Power; Shares Decline 13%

Daewoo Engineering & Construction (KRX:047040) secured a contract worth 273 billion won from Korea Electric Power (KRX:015760) subsidiary Korea South-East Power for the design, procurement, and technical support for a heat and power plant.Under the contract, Daewoo Engineering & Construction will supply gas and steam turbine generators, heat recovery steam generators, and related equipment for the Songsan combined heat & power plant in Gyeonggi province's Hwaseong, according to a Tuesday filing with the Korea Exchange.The contract runs from July 27, 2026, to Nov. 30, 2029.Shares of Daewoo Engineering & Construction plunged 13% in recent trade, while those of Korea Electric Power fell over 6%.

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Asia

KC Cottrell Wins Construction Order from Korea South-East Power

KC Cottrell (KRX:119650) secured a construction order from Korea Electric Power Corporation (KRX:015760) subsidiary Korea South-East Power, according to a Wednesday filing with the Korea Exchange.The contract, valued at 8.63 billion won, is valid till Dec. 29, the environmental industry technology provider said.Under the deal, KC Cottrell will replace the collecting plates and discharge electrodes for the electrostatic precipitator at Korea South-East Power's Yeongheung Unit 5. The contract amount, contract period, and other details are subject to change depending on the progress of the construction.Shares of Korea Electric Power added nearly 1% at market close.

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Asia

Korea Electric Power Files for Singapore Listing of $700 Million Bonds

Korea Electric Power (KRX:015760) filed for the listing of $700 million worth of bonds on the Singapore bourse, according to a filing with the Singapore Exchange on Tuesday.The electricity provider filed for $400 million worth of floating-rate senior unsecured bonds due 2029 and $300 million worth of 4.750% senior unsecured bonds due 2031.The bonds will be listed and quoted on the Bonds Market on July 22, the company said.

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Asia

Korea Electric Power to Keep Electricity Rates Unchanged in Q3

South Korea's state-run Korea Electric Power (KRX:015760) plans to keep its electricity rates unchanged at a maximum level of 5 won per kilowatt-hour (kWh) for the July-September quarter, according to a Monday release.KEPCO has kept the adjusted fuel cost steady at 5 won since Q3 2022, according to Yonhap News, the same day.The fuel cost adjustment rate for the third quarter was supposed to be lowered by 3.4 won per kWh, but was kept unchanged after the South Korean government announced that the current electricity rates would be kept steady to lower the effect of higher electricity rates on public livelihoods.

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Asia

South Korean Shares Close Higher for Fifth Day on Chip Stock Gains

South Korean shares extended their winning streak for a fifth consecutive session on Wednesday, owing to a rally by key chipmakers in the country, such as Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), which added over 1% and nearly 6% at day's end.The benchmark Korea Composite Stock Price Index, or Kospi, increased by 1.6%, or 137.64 points, to close at 8,864.24. The Kosdaq also rose by 1.3%, or 13.28 points, to end at 1,031.96.In corporate news, Taihan Cable & Solution (KRX:001440) secured a supply order for HVDC XLPE power cables and related accessories from Korea Electric Power Corporation (KRX:015760), according to a filing with the Korea Exchange on Wednesday.The contract, valued at 133.02 billion won, excluding VAT, is valid until March 27, 2028.Shares of both Taihan Cable & Solution added over 1% at market close, while those of Korea Electric Power added nearly 2%.In other news, Kolon (KRX:002020) subsidiary Kolon Global (KRX:003070) secured a street housing redevelopment project in Majang-dong district 3 in Seoul, according to a Wednesday filing with the Korea Exchange.The project is valued at 103.4 billion won.Shares of Kolon added nearly 1% at market close.

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Asia

Taihan Cable Wins KRW133.02 Billion Supply Deal for HVDC XLPE Power Cables

Taihan Cable & Solution (KRX:001440) secured a supply order for HVDC XLPE power cables and related accessories from Korea Electric Power Corporation (KRX:015760), according to a filing with the Korea Exchange on Wednesday.The contract, valued at 133.02 billion won, excluding VAT, is valid until March 27, 2028.Shares of both Taihan Cable & Solution and Korea Electric Power rose over 4% in recent trade.

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Asia

Posco International Signs LNG Terminal, Pipeline Agreement with KEPCO Subsidiary

Posco International (KRX:047050) secured a head of agreement for the use of a liquefied natural gas (LNG) terminal and direct pipeline from Korea Electric Power Corporation (KRX:015760) subsidiary Korea Southern Power, according to a Thursday filing with the Korea Exchange.The contract, valued at 975.1 billion won, is valid till Dec. 31, 2059.Shares of Posco International fell more than 2% in recent trade.

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Asia

DL E&C Wins Jeju Clean Energy Power Plant Equipment Order from Korea East-West Power

DL E&C (KRX:375500) secured a conditional purchase order of the Jeju clean energy combined cycle power plant power block and auxiliary facilities from Korea Electric Power Corporation (KRX:015760) subsidiary Korea East-West Power.The order, valued at 499.9 billion won, is valid till Apr. 30, 2030, the construction company said in a Friday filing with the Korea Exchange.Shares of DL E&C rose nearly 1% at market close, while those of Korea Electric Power Corporation fell nearly 2%.

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Asia

LG CNS Secures Deal for Korea Electric Power Corp's Sales, Distribution System

LG CNS (KRX:064400) secured an information strategic planning consulting project for Korea Electric Power Corp's (KRX:015760) next-generation sales and distribution system.The South Korean artificial intelligence and cloud computing company said Tuesday it will overhaul the operational framework of the electric utility's sales and distribution system to support and boost its public services.Shares of LG CNS added nearly 4% while those of Korea Electric Power fell about 5% at market close.

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