Classification of Stakeholders
KEPCO and group companies has established and operated the differentiated channels to respond to expectation from shareholders, investors, governmental agencies, customers, subcontractors, local communities, employees. Considering the business operation, environmental effects, social relations, we actively listen to opinions of stakeholders and operate the group consultative body to share the opinions that are collected from KEPCO and group companies.
Communicating with Stakeholders
In addition, we comply with various ESG disclosure guidelines from home and abroad and raise the transparency of disclosed information, thus promoting the communication appropriate for stakeholders’ needs. In the era of 'Stakeholders' capitalism’, we will make the sustainable future with stakeholders based on key services of power industry.
Interest of Stakeholders and Communication Strategy
| Stakeholders | Interests of stakeholders | Direction of Communication |
Communication Channels |
|---|---|---|---|
Korean people/Customers |
Strengthen the electricity publicity
Share the power supply crisis
Improve the quality of power service
|
Secure publicity through national participation and cooperation
Improve the quality of power service
Expand the opinion collection regarding key innovation tasks
|
Website, social networks
Online communication panel
KEPCO national auditor
Idea collection
Customer center, cyber
|
Shareholders/Investors |
Achieve sustainable growth in corporate values
Improve profitability
Mange ESG risks
|
Make efficient management, raise the financial soundness
Strengthen ESG management system
Provide preemptive information reflecting investors’ requests
|
Domestic and foreign IR
Shareholders’ meeting
Company disclosure
ESG Committee
|
Government/National Assembly |
Improve power system
Resolve people’s inconvenience
Strengthen the operation efficiency
|
Implement the governmental policies
Raise the awareness toward power industry
Establish the cooperative network
|
Management matters exhibition
Meetings of head of institutions
Policy forum seminar
Inspection of the administration, work report
|
Employees/Labor unions of the power group |
Cooperate in major management matters
Improve reliability between labor and management
Foster a flexible company culture
|
Promote cooperation through vision share
Strengthen field communication regarding management issues
Realize the mutual labor management culture
Improve the company culture for labor and management
|
Enterprise management meeting, discussion
Management matters sharing system
Company culture workshop
Company culture portal, family-friendly portal
|
Subcontractors |
Pursue transparent and fair cooperation
Achieve SME’s mutual growth
Protect rights and strengthen competitiveness
|
Improve the unfair trade factors like collusion
Collect opinions regarding revision of contract regulations
Resolve difficulties of subcontractors
Support domestic and international market development
|
Discussion, public hearing
Outreach VOC
SRM customers’ opinions
Company growth response center
|
Subsidiaries/Investment companies |
Collectively respond to the matters of power group and pursue collective development
Improve the management efficiency of power group
Change to full-time employment and pursue stable growth
|
Collectively respond to matters of power group
Collectively implement the tasks to improve management efficiency
Improve the working condition
|
Power group CEO meeting
Power group’s head of planning HQ meeting
Working group of a working person
Conference body for labor union, company, professionals
|
Local community |
Revitalize the innovative cities
Establish the cooperative governance
Resolve conflicts in constructing power facilities
Protect property rights and environmental rights
|
Realize the model to address local issues
Recruit local talents and expand jobs
Pursue mutual growth with local communities
Raise acceptance of residents
|
A council of heads of public institutions
Society innovation platform
Conflict management committee
Resident conference and presentation
|
Media/Opinion leaders |
Share key matters in power industry
Establish the development direction in power industry
|
Improve the management transparency
Provide accurate information at the right time
Secure the national sympathy
|
A press conference
Planning reports, discussion
Media contributions
|