Kepco Technology Holding Launches to Foster Energy Unicorns

Korea Electric Power Corporation's technology holding company, Kepco Technology Holding, officially launched on the 7th, aiming to foster 'energy unicorns' by connecting KEPCO's energy technologies with private businesses. The company, a wholly-owned subsidiary of KEPCO, held its launch ceremony at KEPCO headquarters in Naju, South Jeolla Province, and began its operations.

Kepco Technology Holding's primary role is to discover promising technologies from public sectors, including KEPCO's approximately 8,000 patents and the Korea University of Energy and Technology. These technologies will then be connected with energy companies and prospective entrepreneurs.

The holding company will also directly participate in the commercialization process. It plans to make direct investments in early-stage companies and establish separate funds for follow-up investments as companies grow. Furthermore, it will leverage KEPCO's power infrastructure and data to allow new technologies to be tested in real-world environments. After product development, Kepco Technology Holding will support domestic market access and overseas expansion.

Kim Sung-hwan, Minister of Trade, Industry and Energy, expressed his expectations, stating, "I hope that 'unicorn companies' will grow in the domestic energy sector, and that Korea will lay a strong foundation for leading the global energy and green industries."

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I hope that 'unicorn companies' will grow in the domestic energy sector, and that Korea will lay a strong foundation for leading the global energy and green industries.