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Korea Power Exchange
Korea Power Exchange (), also known as KPX, is the quasi-governmental agency under the Ministry of Trade, Industry and Energy responsible for operating the electricity market and the electric power system in South Korea. To ensure fair and transparent operation of the market, as well as stable and efficient operation of the grid, it was established in April 2001 by being spun off from the Korea Electric Power Corporation (KEPCO) as a part of the industry restructuring efforts. Because the legal name () may give a false impression that it is a subsidiary of KEPCO (), the general name of is used for most purposes. Establishment Article 35 of the Electric Utility Act (EUA) amended on 23 December 2000, laid out the legal basis of the organization. Following the founders' meeting on 17 March 2001, it was officially founded on 2 April 2001. The original offices were located within the KEPCO headquarters building complex in Samseong-dong Samseong-dong () is a neighborhood of Gang ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transmission System Operator
File:Electricity grid simple- North America.svg, 380px, Simplified diagram of AC electricity grid from generation stations to consumers in North America rect 2 243 235 438 Power station rect 276 317 412 556 Transformer rect 412 121 781 400 Electric power transmission rect 800 0 980 165 Transformer desc bottom-left A transmission system operator (TSO) is an entity entrusted with transporting energy in the form of natural gasEuropean Network of Transmission System Operators for Gas '' ENTSO-G''. Retrieved: 2 October 2010. or electrical power on a national or regional level, using fixed |
Korea Electric Power Corporation
Korea Electric Power Corporation, better known as KEPCO () or Hanjeon (), is the largest electric utility in South Korea, responsible for the generation, transmission and distribution of electricity and the development of electric power projects including those in nuclear power, wind power and coal. KEPCO, through its subsidiaries, is responsible for 96% of Korea's electricity generation as of 2023. The South Korean government (directly and indirectly) owns a 51.10% share of KEPCO. Together with its affiliates and subsidiaries, KEPCO has an installed capacity of 83,235 MW. On the 2023 Fortune Global 500 ranking of the world's largest companies, KEPCO was ranked 258. KEPCO is a member of the World Energy Council, the World Nuclear Association and the World Association of Nuclear Operators. As of September 2024, KEPCO possesses an AA credit rating with S&P Ratings, while Moody's has assigned KEPCO an Aa2 stable rating. Originally located in Samseong-dong, Seoul, KEPCO he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Companies Established In 2001
Energy () is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, the internal energy contained within a thermodynamic system, and rest energy associated with an object's rest mass. These are not mutually exclusive. All living organisms constantly take in and release energy. The Earth's climate and ecosystems processes are driven primaril ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electric Power Companies Of South Korea
Electricity is the set of physical phenomena associated with the presence and motion of matter possessing an electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by Maxwell's equations. Common phenomena are related to electricity, including lightning, static electricity, electric heating, electric discharges and many others. The presence of either a positive or negative electric charge produces an electric field. The motion of electric charges is an electric current and produces a magnetic field. In most applications, Coulomb's law determines the force acting on an electric charge. Electric potential is the Work (physics), work done to move an electric charge from one point to another within an electric field, typically measured in volts. Electricity plays a central role in many modern technologies, serving in electric power where electric current is used to energise equipment, and in electronics dealing w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seoul Broadcasting System
Seoul Broadcasting System (SBS; ) is one of the leading Television in South Korea, South Korean television and radio broadcasters. The broadcaster legally became known as SBS in March 2000, changing its corporate name from Seoul Broadcasting System (). Its flagship terrestrial television television station, station SBS TV broadcasts as Television channel, channel 6 for digital and cable. Established on 14 November 1990, SBS is the largest private broadcasting, private broadcaster in South Korea, and is owned by the Taeyoung Construction. It operates its flagship television channel which has a nationwide network of 10 regional stations, and three radio networks. SBS has provided digital terrestrial television service in the ATSC format since 2001, and T-DMB (Digital Multimedia Broadcasting) service since 2005. History After South Korea's democratic reform in 1987, the government moved to create a new commercial broadcaster in South Korea, the second after the Munhwa Broadcasti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Samseong-dong
Samseong-dong () is a neighborhood of Gangnam District, Seoul, South Korea. It is considered an affluent area of Gangnam District, along with Cheongdam-dong and Apgujeong-dong. The area has a large concentration of upscale shopping malls, popular restaurants and hotels such as the Ramada Seoul Hotel, the Hyatt Park Hotel and Intecontinental Hotel. The COEX mall, the world's largest underground shopping mall, is located in Samseong-dong. It consists of a large apartment complex and a general residential area, and the 56,000-pyeong Seonjeongneung is loved as a resting place for local residents, including a walk. The designation itself has nothing to do with Samsung Group. It is coincidental that the names are the same. The school district is also famous for its good quality. To the north of COEX is Gyeonggi High School, a prestigious high school, and its surrounding area is a rich village with expensive houses, villas, and apartments. History *March 1, 1914 Gyeonggi-do Distric ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yonhap News Agency
Yonhap News Agency (; ) is a major news agency in South Korea. It is based in Seoul, South Korea. Yonhap provides news articles, pictures, and other information to newspapers, TV networks and other media in South Korea. History Yonhap was established on 19 December 1980, through the merger of Hapdong News Agency and Orient Press. The Hapdong News Agency itself emerged in late 1945 out of the short-lived Kukje News, which had operated for two months out of the office of the Domei, the former Japanese news agency that had functioned in Korea during the Japanese Japanese colonial era. In 1999, Yonhap took over the Naewoe News Agency. Naewoe was a South Korea government-affiliated organization, created in the mid 1970s, tasked with publishing information and analysis on North Korea from a South Korean perspective through books and journals. Naewoe was known to have close links with South Korea's intelligence agency, and according to the British academic and historian James Hoar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Korea Times
''The Korea Times'' () is a daily English-language newspaper in South Korea. It is a sister paper of the ''Hankook Ilbo'', a major Korean language, Korean-language daily. It is the oldest active daily English-language newspaper in South Korea. Since the late 1950s, it had been published by the Hankook Ilbo Media Group, but following an embezzlement scandal in 2013–2014 it was sold to Dongwha Group in 2015. The president-publisher of ''The Korea Times'' is Oh Young-jin. Description The newspaper's headquarters is located in the same building with ''Hankook Ilbo'' on Sejong-daero between Sungnyemun and Seoul Station in Seoul, South Korea. The paper is not to be confused with ''The Korea Daily News'', a 1904 to 1910 newspaper which briefly ran under the title ''Korea Times''. It is also unrelated to another paper by Lee Myo-muk, Ha Kyong-tok and Kim Yong-ui in September 1945. History ''The Korea Times'' was founded by Helen Kim five months into the 1950-53 Korean War. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electrical Grid
An electrical grid (or electricity network) is an interconnected network for electricity delivery from producers to consumers. Electrical grids consist of power stations, electrical substations to step voltage up or down, electric power transmission to carry power over long distances, and finally electric power distribution to customers. In that last step, voltage is stepped down again to the required service voltage. Power stations are typically built close to energy sources and far from densely populated areas. Electrical grids vary in size and can cover whole countries or continents. From small to large there are microgrids, wide area synchronous grids, and super grids. The combined transmission and distribution network is part of electricity delivery, known as the ''power grid''. Grids are nearly always synchronous, meaning all distribution areas operate with three phase alternating current (AC) frequencies synchronized (so that voltage swings occur at almost the same ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seoul
Seoul, officially Seoul Special Metropolitan City, is the capital city, capital and largest city of South Korea. The broader Seoul Metropolitan Area, encompassing Seoul, Gyeonggi Province and Incheon, emerged as the world's List of cities by GDP, sixth largest metropolitan economy in 2022, trailing behind New York metropolitan area, New York, Greater Tokyo Area, Tokyo, Greater Los Angeles, Los Angeles, Paris metropolitan area, Paris, and London metropolitan area, London, and hosts more than half of South Korea's population. Although Seoul's population peaked at over 10 million, it has gradually decreased since 2014, standing at about 9.6 million residents as of 2024. Seoul is the seat of the Government of South Korea, South Korean government. Seoul's history traces back to 18 BC when it was founded by the people of Baekje, one of the Three Kingdoms of Korea. During the Joseon dynasty, Seoul was officially designated as the capital, surrounded by the Fortress Wall of Seoul. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electricity Market
An electricity market is a system that enables the exchange of electrical energy, through an electrical grid. Historically, electricity has been primarily sold by companies that operate electric generators, and purchased by consumers or electricity retailers. The electric power industry began in the late 19th century in the United States and United Kingdom. Throughout the 20th century, and up to the present, there have been deep changes in the economic management of electricity. Changes have occurred across different regions and countries, for many reasons, ranging from technological advances (on supply and demand sides) to politics and ideology. Around the turn of the 21st century, several countries restructured their electric power industries, replacing the vertically integrated and tightly regulated "traditional" electricity market with market mechanisms for electricity generation, transmission, distribution, and retailing. The traditional and competitive market app ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quasi-governmental Agency
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
