Korea Electric Power Corporation (KEPCO) was founded with the objective to facilitate the development of electric power supply in Korea, meet the country's power supply and demands needs, and contribute to the national economy in accordance with the Korea Electric Power Corporation Act.

KEPCO is classified as a market-oriented public corporation under the Act on the Management of Public Institutions.

KEPCO's areas of business are based on the aforementioned objectives and include the development of electric power resources, electric power generation, transmission, transformation, and distribution, as well as related marketing, research, technological development, overseas business, investment, corporate social responsibility and use of its property.