An increasing number of KEPCO employees are leaving the company. The number of deaths has exceeded 100 this year alone. It is interpreted that an increasing number of employees are deciding to leave the company due to the turbulent atmosphere at KEPCO, with losses accumulating due to the negative margin structure and even CEO Seung-il Jeong stepping down due to deteriorating financial conditions.

According to KEPCO on the 20th, a total of 393 people have resigned as of the 16th of this year. Excluding the retirement age (284 people), 109 people left the company voluntarily.

The number of retirees is steadily increasing. The number of deaths increased by 26 from 142 in 2020 to 168 in 2021. Last year, 198 people left the company, 30 more than the previous year. Considering the fact that 109 people have left the company by mid-June this year, the number of people leaving this year is highly likely to increase compared to last year.

An official from the electric power industry said, “The fact that more and more스포츠토토 employees are leaving KEPCO, which is highly preferred among public companies, proves that the disappointment of internal members is so great.” Dissatisfaction is accumulating in the situation where the responsibility for this is left only to KEPCO,” he said.

KEPCO recorded an operating loss of 32,603.4 billion won last year. In the fourth quarter of last year alone, it suffered a loss of more than 10 trillion won, the largest operating loss ever for both the year and quarter. Electricity wholesale price ( SMP ·Although the system marginal price) has more than doubled, the unit selling price of electricity has not reached this level. In fact, last year, KEPCO’s electricity sales revenue increased by 8.9 trillion won, but fuel and power purchase costs surged by 35.5 trillion won. This situation continues this year as well. KEPCO recorded an operating loss of 6.2 trillion won in the first quarter of this year.

The appropriate amount for this year’s annual electricity rate increase, which the government submitted to the National Assembly last year with the goal of solving KEPCO’s cumulative deficit in 2026, is 51.6 won per kWh (kilowatt hour). It should be raised by about 13 won every quarter, but in reality, it only raised 21.1 won, including 13.1 won in the first quarter and 8 won in the second quarter.

Last month, KEPCO decided to pursue a financial improvement of more than 25 trillion won in order to normalize its management early. It is promoting the participation of all employees as well as returning the wage increase of executives. In particular, KEPCO was the first to receive an insufficient (D) grade in the ‘2022 public institution management performance evaluation result’ due to a large-scale deficit last year, and was not able to receive incentives at all.

An official from KEPCO’s union said, “KEPCO is absolutely unable to generate profits due to the structure of selling electricity below cost in a situation where international fuel prices skyrocketed due to the Russia-Ukraine war.” We urge the immediate abolition of management evaluation,” he said.

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