Korea Power Exchange

Korea Power Exchange (), also known as KPX, is the quasi-governmental agency under the Ministry of Trade, Industry and Energy responsible for operating the electricity market and the electric power system in South Korea. In order to ensure fair and transparent operation of the market, as well as stable and efficient operation of the grid, it was established in April 2001 by being spun off from the Korea Electric Power Corporation (KEPCO) as a part of the industry restructuring efforts. Because the legal name () may give a false impression that it is a subsidiary of KEPCO (), the general name of is used for most purposes.
Establishment.
Article 35 of the Electric Utility Act (EUA) amended on December 23, 2000 laid out the legal basis of the organization. Following the founders' meeting on March 17, 2001, it was officially founded on April 2, 2001. The original offices were located within the KEPCO headquarters building complex in Samseong-dong, Seoul until the relocation to Naju Innovation City took place in 2014.
Operations.
Key Functions.
Article 36 of the EUA lists the following: