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.
KEPRI, the Annex research institute of KEPCO is the only R&D institute of Power Engineering in Korea that leads the technology development of Korea's power industry. In order to lead the fourth industrial revolution in the electric power industry. KEPRI will strengthen its competitiveness through strategic global cooperation to excavate the future- promising technology and to promote R&D. To this end, it will strive to concentrate on research and development to apply AI, Big Data, IoT, VR/AR, a drone, and electric car, a block chain, and 3D print, etc., which are core technologies in the 4th Industrial Revolution to the power technology sector.