{
  "id": 19627893,
  "title": "KEPCO Q3 net plunges 78% on higher fuel costs",
  "url": "https://urgent.news/2026/11/12/kepco-q3-net-plunges-78-on-higher-fuel-costs-19627893",
  "topic": "world",
  "section": "World",
  "published": "2026-11-12T09:12:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/business/companies/20261112/kepco-q3-net-plunges-78-on-higher-fuel-costs"
  },
  "original_language": "en",
  "account": "Korea Electric Power Corp. (KEPCO) reported a significant decline in its third-quarter net profit, dropping by 78% compared to the previous year. The company's net profit for the quarter ending in September 2021 was 835.89 billion won, a stark contrast to the 3.79 trillion won recorded in the same period last year. This downturn was primarily attributed to rising fuel costs, along with a decrease in electricity sales and a surge in global thermal coal prices.\n\nKEPCO's power-generating subsidiaries, including Korea South-East Power, saw combined fuel costs exceeding 2.2 trillion won during the quarter, further denting the earnings. The operating profit also took a hit, plummeting by 70.9% to 1.64 trillion won from the previous 5.65 trillion won. Despite this, the company's sales experienced a minor decline of 2.6%, falling from 27.57 trillion won to 26.85 trillion won.\n\nIn response to these challenges, KEPCO pledged to remain vigilant towards volatile energy prices while implementing an emergency management system. The primary focus of this system would be on cost reductions and profitability-driven operations to bolster the company's financial position.",
  "summary": "The state-run Korea Electric Power Corp. (KEPCO) said Thursday its third-quarter net profit plunged 78 percent from a year earlier due to higher fuel costs. Net profit for the three months ended in September fell to 835.89 billion won from 3.79 trillion won in the same period last year, the company said in a press release. \"Electricity sales declined, while global thermal coal prices continued to…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "(LEAD) KEPCO Q3 net plunges 78 pct on higher fuel costs",
        "url": "https://urgent.news/2026/11/12/lead-kepco-q3-net-plunges-78-pct-on-higher-fuel-costs",
        "published": "2026-11-12T07:21:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}