Chung Seung-il, new CEO of Korea Electric Power Corp. (KEPCO), said on June 1, "We will exert all-out efforts to revive KEPCO as the 'world's best energy platform company that leads the electricity industry ecosystem.”
CEO Chung said, "With the launch of the Biden administration in the U.S., the world is rapidly forming a single movement toward carbon neutrality. This is why we need to seriously consider preemptive technological innovation in all energy sectors, including electricity."
He held an inauguration ceremony at KEPCO's headquarters in Naju, South Jeolla Province, on June 1, announcing his management policy as the 21st KEPCO head.
CEO Chung said in his inaugural speech that it is time to seriously consider preemptive technological innovation and drastic energy system transformation in the entire energy sector during the great transition of the energy industry called Carbon Neutral.
Chung stressed, “The energy paradigm in the carbon neutral era should be focused on decarbonization, decentralization, and intelligence.”
Stressing that the two pillars for decarbonization across the electricity industry are the drastic conversion and efficiency improvement of energy mix, he said, “Related to this, it is necessary to establish a transmission and substation power system optimized for expanding renewable power generation and increase the efficiency of electricity production, transportation, and consumption cycle.
