KEPCO KPS President Choi Yeu-geun delivers his inaugural speech as he 

takes office as the 12th president and CEO of KEPCO KPS at the company 

headquarters in Bundang, Seongnam City, Gyeonggi-do, on Nov. 8.

Choi Yeu-geun took office as the 12th president and CEO of KEPCO KPS at the KEPCO KPS head office in Bundang, Seongnam City, Gyeonggi-do, on Nov. 8.

KEPCO KPS President Choi, in his inaugural speech, stressed solidifying its capabilities in a way that it cannot be swayed by any environmental changes, even though a raft of hardships and challenges, including the expanded competition of the power maintenance market the future holds. 

He announced his top four management tenets – management innovation through the reinvention of a management constitution; building a creative corporate culture through sharing and communications; creating synergetic effects by meeting customers’ needs; and strengthening global capabilities to rise to a world-class company. 

Since he began his career at KEPCO in 1981, Choi, a graduate of Dongkuk University, has held such positions as KEPCO’s Gyeonggi Operation Headquarters, Seongnam branch office head and head of KEPCO KPS’s Business Management Division before being appointed the new CEO.

Top-rated Maintenance Capabilities

KEPCO KPS President Choi Yeu-geun delivers his inaugural speech as he 

takes office as the 12th president and CEO of KEPCO KPS at the company 

headquarters in Bundang, Seongnam City, Gyeonggi-do, on Nov. 8.(Photos: KEPCO KPS)

KEPCO KPS has become the first Korean public entity to be inducted into the “Hall of Fame” of excellent companies with quality competitiveness and was recognized for chalking up superb management performances through quality management and innovative activities for the 15th consecutive year since 1999.

In particular, KEPCO KPS’s receiving the “excellent company with quality competitiveness” honor for the 15th consecutive year is unprecedented in the history of Korea’s quality management awards. Recognition of KEPCO KPS’s service quality and quality management performances from the government attests that the company has a sufficient competitive edge to maneuver in the global market.

This achievement was owed to KEPCO KPS’s staff’s endless efforts to offer quality maintenance services. KEPCO KPS now redoubles its efforts to become a global company focusing on customers and markets, communicating and cooperating with interest groups, and being committed to its social responsibility.  

In this regard, KEPCO KPS set aside 5 percent of its sales for R&D investments and development of gifted manpower. The company is recognized for offering quality maintenance services while implementing projects in 20 countries, including the United Arab Emirates.

KEPCO KPS is carrying out the KPS-Way TPM (total productive maintenance), a five-stage quality management program. The program has paid off: making a feat of no stoppages stemming from a breakdown for the ninth consecutive year and reducing the period of planned preventive maintenance projects. The reduced period from handling 105 units during 2012 amounted to 290 days, having the effect of the output of a 351MW-class power plant.

The company is conducting the “Be the Master” campaign. For example, KEPCO KPS has simplified 4,636 kinds of thermal power plant maintenance processes into 100 kinds of flow chart-type ones, resulting in saving 5.4 billion won in manpower costs annually. 

KEPCO KPS is a company specialized in reliable high-quality maintenance of power plant, transmission, substation, and industrial facilities. First established for the efficient maintenance of electric power facilities in Korea, which are crucial to economic development, KEPCO KPS has brought greater convenience to the public by developing technology and nurturing experts in this field for the last three decades. Furthermore, the company has exerted enormous efforts to raise Korea’s maintenance technology to the world’s best.

Thanks to years of hard work, KEPCO KPS now holds maintenance technologies for hydro, thermal, and nuclear power plants that are on par with those of advanced countries. Korea’s high utilization of power facilities ranks with those of advanced countries such as the United States and Japan. KEPCO KPS is among the world’s top when it comes to the diversity of its technology.

KEPCO KPS established its “Vision 2020,” calling for becoming a “global business partner for green energy management.” To this end, the company has set four strategic directions – enhancing the competitiveness of existing businesses, accelerating globalization, diversifying business areas, and establishing an enabling system – and 10 major tasks. To realize the vision, KEPCO KPS will pursue the key values of customer satisfaction, innovation, technology, talented human resources, and a global orientation in order to become the world’s number one total plant services company with 3 trillion won in revenues by 2020.