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The electricity industry reform in Korea : Lessons for further liberalization

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  • The electricity industry reform in Korea
  • Kim, Junki; Kim, Kyuhyun
  • European Consortium for Political Research


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Title The electricity industry reform in Korea
Similar Titles
Sub Title

Lessons for further liberalization

Material Type Reports
Author(English)

Kim, Junki; Kim, Kyuhyun

Publisher

[Colchester]:European Consortium for Political Research

Date 2011
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Industry and Technology < Others
Holding ECPR

Abstract

In April 2001, the generation unit of Korea Electric Power Corporation (KEPCO) was split into six subsidiary companies with further plans for privatization. But, the process of privatization has ceased due to changes in political environment. This study analyzes the performance of the restructuring of generation units using financial and physical indices. The results from the analysis also show that the restructuring has had positive effect on their performance. The financial indices of the generation companies also show that the prices of fuels, intervention of government, and capability of management affect the performance of the companies. Although the results do not show that restructuring favorably affected the prices of electricity, the indices of liability and profitability show some promising signs arising from the electricity sector reform. (The rest omitted)