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Related Parties | 12 Months Ended
--- | ---
Dec. 31, 2023
Disclosure of transactions between related parties [abstract] |
Related Parties |
47. | Related Parties
(1) | Related parties of the Company as of December 31, 2023 are as follows:
Type |  | Related party
Parent |  | Republic of Korea government
Subsidiaries (166 subsidiaries) |  | Korea Hydro & Nuclear Power Co., Ltd., Korea South-East Power Co., Ltd., Korea Midland Power Co., Ltd., Korea Western Power Co., Ltd., Korea Southern Power Co., Ltd., Korea East-West Power Co., Ltd., KEPCO Engineering & Construction Company, Inc., KEPCO Plant Service & Engineering Co., Ltd., KEPCO Nuclear Fuel Co., Ltd., KEPCO KDN Co., Ltd., Gyeonggi Green Energy Co., Ltd., Korea Offshore Wind Power Co., Ltd., KOSEP Material Co., Ltd., KEPCO International HongKong Ltd., KEPCO International Philippines Inc., KEPCO Philippines Corporation, KEPCO Ilijan Corporation, KEPCO Gansu International Ltd., KEPCO Philippines Holdings Inc., KEPCO Neimenggu International Ltd., KEPCO Australia Pty., Ltd., KEPCO Shanxi International Ltd., KOMIPO Global Pte Ltd., KOSEP Australia Pty., Ltd., KOMIPO Australia Pty., Ltd., KOWEPO Australia Pty., Ltd., KOSPO Australia Pty., Ltd., KEPCO Netherlands B.V., KEPCO Middle East Holding Company, Qatrana Electric Power Company, KOWEPO International Corporation, KOSPO Jordan LLC, Korea Waterbury Uranium Limited Partnership, PT. Cirebon Power Service, EWP America Inc., KHNP Canada Energy Ltd., KEPCO Bylong Australia Pty., Ltd., KNF Canada Energy Limited, KEPCO Holdings de Mexico, KST Electric Power Company, S.A.P.I. de C.V., KEPCO Energy Service Company, KEPCO Netherlands S3 B.V., PT. KOMIPO Pembangkitan Jawa Bali, EWP Barbados 1 SRL, PT. Tanggamus Electric Power, KOMIPO America Inc., PT. EWP Indonesia, KEPCO Netherlands J3 B.V., Global One Pioneer B.V., Global Energy Pioneer B.V., Mira Power Limited, KEPCO KPS Philippines Corp., KOSPO Chile SpA, PT. KOWEPO Sumsel Operation And Maintenance Services, Commerce and Industry Energy Co., Ltd., Gyeongju Wind Power Co., Ltd., California Power Holdings, LLC, EWP Renewable Corporation, Hee Mang Sunlight Power Co., Ltd., Fujeij Wind Power Company, KOSPO Youngnam Power Co., Ltd., Chitose Solar Power Plant LLC., KEPCO Solar Co., Ltd., KEPCO Energy Solution Co., Ltd., KOSPO Power Services Ltda., KOEN Bylong Pty., Ltd., KOWEPO Bylong Pty., Ltd., KOSPO Bylong Pty., Ltd., EWP Bylong Pty., Ltd., KOWEPO Lao International, KOMIPO Bylong Pty., Ltd., Energy New Industry Specialized Investment Private Investment Trust., KEPCO Mangilao Holdings LLC, Mangilao Investment LLC, KEPCO Mangilao Solar, LLC, Jeju Hanlim Offshore Wind Co., Ltd., PT. Siborpa Eco Power, e-New Industry LB Fund 1, Songhyun e-New Industry Fund, BSK E-New Industry Fund VII, PT. Korea Energy Indonesia, KOLAT SpA, KEPCO California, LLC, KEPCO Mojave Holdings, LLC, Incheon Fuel Cell Co., Ltd., KOEN Service Co., Ltd., KOMIPO Service Co., Ltd., KOWEPO Service Co., Ltd., KOSPO Service Co., Ltd., EWP Service Co., Ltd., PT. KOMIPO Energy Indonesia, KNF Partners Co., Ltd., KOSPO USA Inc., Nambu USA LLC, Tamra Offshore Wind Power Co., Ltd., KEPCO MCS Co., Ltd., KEPCO FMS Co., Ltd., Firstkeepers Co., Ltd., Secutec Co., Ltd., SE Green Energy Co., Ltd., Mangilao Intermediate Holdings LLC, KEPCO CSC Co., Ltd., KOAK Power Limited, KOMIPO Europe B.V., Haenanum Energy Fund, Paju Ecoenergy Co., Ltd., Guam Ukudu Power LLC, K-SOLAR SHINAN Co., Ltd., KPS Partners Co., Ltd., KEPCO E&C Service Co., Ltd., Moha solar Co., Ltd., KHNP USA LLC, KOMIPO Vanphong Power Service LLC, Ogiri Solar Power Co., Ltd., BSK E-New Industry Fund X, Energy Innovation Fund I, KHNP Chile SpA, Yeong Yang Apollon Photovoltaic Co., Ltd., Yeong Yang Corporation Co., Ltd., SolarVader Co., Ltd., Yeong Yang Innovation Co., Ltd., Yeong Yang Horus Photovoltaic Co., Ltd., Yeong Yang Solar Management Co., Ltd., LSG Hydro Power Limited, KOEN Bio Co., Ltd., KOMIPO Energy Solution America, LLC, Elara Investment Holdings, LLC, Elara Equity Holdings, LLC, Elara Class B Holdings, LLC, Elara Class B Member, LLC, Elara Development Holdings, LLC, KOMIPO Development, LLC, Elara Energy Holdings, LLC, Elara Energy Project, LLC, KOMIPO Iberian Solar Group, S.L.U., KOWEPO Europe B.V., CVS Equity Holdings, LLC, CVS Class B Holdings, LLC, CVS Development Holdings, LLC, CVS Development, LLC, CVS Class B Member, LLC, CVS Energy Holdings, LLC, Concho Valley Energy, LLC, Concho Valley Solar, LLC, Jeongam Wind Power Co., Ltd., Yeongdeok Sunrise Wind Power Co., Ltd., UI Carbon-Neutrality Fund, KA Power Limited, Western Power Changgi Solar Co., Ltd., Digital Innovation Growth Fund, EWP Australia Pty., Ltd., Columboola Solar Farm Hold Co Pty., Ltd., J Wind First, LLC, KEPCO Holding Company, KEPCO for Maintenance Company, KOSPO Trumbull LLC, Changjuk Wind Power Co., Ltd., KEPCO KPS South Africa Pty., Ltd., Chile Solar JV SpA, KOWEPO Holding Limited, Columboola Solar Farm Nominees Pty., Ltd., Columboola Solar Farm Op Trust, Columboola Solar Farm Fin Co Pty., Ltd., Magna Energy New Industrial Fund, EWP ESS Holdings, LLC, Fairhaven ESS LLC
Type |  | Related party
Associates (99 associates) |  | Dongducheon Dream Power Co., Ltd., Korea Gas Corporation, Daegu Photovoltaic Co., Ltd., Haeng Bok Do Si Photovoltaic Power Co., Ltd., Korea Electric Power Industrial Development Co., Ltd., Goseong Green Power Co., Ltd., Gangneung Eco Power Co., Ltd., Shin Pyeongtaek Power Co., Ltd., Noeul Green Energy Co., Ltd., YTN Co., Ltd., Samcheok Eco Materials Co., Ltd., Gangwon Wind Power Co., Ltd., Gwangyang Green Energy Co., Ltd., Hyundai Green Power Co., Ltd., Korea Power Exchange, Taebaek Guinemi Wind Power Co., Ltd., Daeryun Power Co., Ltd., KNH Solar Co., Ltd., S-Power Co., Ltd., SPC Power Corporation, Gemeng International Energy Co., Ltd., PT. Cirebon Electric Power, KNOC Nigerian East Oil Co., Ltd., KNOC Nigerian West Oil Co., Ltd., PT Wampu Electric Power, PT. Bayan Resources TBK, Nepal Water & Energy Development Company Private Limited, Pioneer Gas Power Limited, Xe-Pian Xe-Namnoy Power Co., Ltd., PT. Mutiara Jawa, Jinbhuvish Power Generation Pvt. Ltd., Daejung Offshore Wind Power Co., Ltd., GS Donghae Electric Power Co., Ltd., Busan Green Energy Co., Ltd., Hansuwon KNP Co., Ltd., Korea Electric Power Corporation Fund, Energy Infra Asset Management Co., Ltd., Daegu clean Energy Co., Ltd., Yaksu ESS Co., Ltd., PND Solar Co., Ltd., Hyundai Eco Energy Co., Ltd., YeongGwang Yaksu Wind Electric Co., Ltd., Green Energy Electricity Generation Co., Ltd., Korea Energy Solutions Co., Ltd., ITR Co., Ltd., STN Co., Ltd. (formerly, Structure test network Co., Ltd.), Indeck Niles Development, LLC, Indeck Niles Asset Management, LLC, Hanwha Corporation-linked Sunlight Power Special Private Equity Investment Trust No. 1, Suwon New Power Co., Ltd., Gwangbaek Solar Power Investment Co., Ltd., Go deok Clean Energy Co., Ltd., SureDataLab Co., Ltd., SEP Co., Ltd., Hankook Electric Power Information Co., Ltd., Tronix Co., Ltd., O2&B Global Co., Ltd., Muan Sunshine Solar Power Plant Co., Ltd., Bigeum Resident Photovoltaic Power Co., Ltd., Goesan Solar park Co., Ltd., Saemangeum Heemang Photovoltaic Co., Ltd., Bitgoel Eco Energy Co., Ltd., Jeju Gimnyeong Wind Power Co., Ltd., Seoroseoro Sunny Power Plant Co., Ltd., Muan Solar Park Co., Ltd., YuDang Solar Co., Ltd., Anjwa Smart Farm & Solar City Co., Ltd., KPE Green Energy Co., Ltd. (formerly, Daewon Green Energy Co., Ltd.), G.GURU Co., Ltd., UD4M Co., Ltd., Dongbu Highway Solar Co., Ltd., Seobu Highway Solar Co., Ltd., Korea Energy Data Co., Ltd., Gangneung Sacheon Fuel Cell Co., Ltd., Kosture Co., Ltd., Taebaek Gadeoksan Wind Power Co., Ltd., Chuncheon Green Energy Co., Ltd., Yeomsubong Wind Power Co., Ltd., Yeongyang Wind Power Corporation II, Haeparang Energy Co., Ltd., Saemangeum Sebit Power Plant Co., Ltd., Boulder Solar III, LLC, PlatformN. Co., Ltd., PT. Cirebon Energi Prasarana, Future Convergence Technology Laboratory. Co., Ltd., ECO Motion Co., Ltd. (formerly, SC E&G Co., Ltd.), REC’s Innovation Co., Ltd. (formerly, Wang San Engineering. Co., Ltd.), ACE, Co., Ltd., Environment and Energy Co., Ltd., Green Radiation Co., Ltd., Santiago Solar Power SpA, Yanggu Floating Photovoltaic Power Plant Inc., Changwon SG energy Co., Ltd., Donpyung Technology. Co., Ltd., Power Embedded, HORANG ENERGY Inc., Hoenggye Renewable Energy Co., Ltd., Haman Green Energy Co., Ltd., Songsan Green Energy Co., Ltd.
Joint ventures (111 joint ventures) |  | Daegu Green Power Co., Ltd., KEPCO SPC Power Corporation, KAPES, Inc., Honam Wind Power Co., Ltd., Korea Power Engineering Service Co., Ltd., Seokmun Energy Co., Ltd., Incheon New Power Co., Ltd., Chun-cheon Energy Co., Ltd., Yeonggwangbaeksu Wind Power Co., Ltd., KW Nuclear Components Co., Ltd., Busan Shinho Solar Power Co., Ltd., Global Trade Of Power System Co., Ltd., Expressway Solar-light Power Generation Co., Ltd., Gansu Datang Yumen Wind Power Co., Ltd., Datang Chifeng Renewable Power Co., Ltd., Rabigh Electricity Company, Rabigh Operation & Maintenance Company Limited, Datang KEPCO Chaoyang Renewable Power Co., Ltd., Shuweihat Asia Power Investment B.V., Shuweihat Asia Operation & Maintenance Company, Waterbury Lake Uranium L.P., ASM-BG Investicii AD, RES Technology AD, Jamaica Public Service Company Limited, KV Holdings, Inc., Amman Asia Electric Power Company, Kelar S.A., PT. Tanjung Power Indonesia, Nghi Son 2 Power LLC, Daehan Wind Power PSC, MOMENTUM, Barakah One Company, Nawah Energy Company, Yeonggwang Wind Power Co., Ltd., Chester Solar IV SpA, Chester Solar V SpA, Diego de Almagro Solar SpA, South Jamaica Power Company Limited, Daesan Green Energy Co., Ltd., RE Holiday Holdings LLC, RE Pioneer Holdings LLC, RE Barren Ridge 1 Holdings LLC, RE Astoria 2 LandCo LLC, RE Barren Ridge LandCo LLC, Laurel SpA, KIAMCO KOWEPO Bannerton Hold Co Pty Ltd, Cheong-Song Noraesan Wind Power Co., Ltd., Chester Solar I SpA, Solar Philippines Calatagan Corporation, Saemangeum Solar Power Co., Ltd., Chungsongmeon BongSan wind power Co., Ltd., Jaeun Resident Wind Power Plant Co., Ltd., DE Energia SpA, Dangjin Eco Power Co., Ltd., Haemodum Solar Co., Ltd., Yangyang Wind Power Co., Ltd., Horus Solar, S.A. de C.V., Recursos Solares PV de Mexico II, S.A. de C.V., Sunmex Renovables, S.A. de C.V., Stavro Holding II A.B., Solaseado Solar Power Co., Ltd., Yeongam Solar Power Co., Ltd., Samsu Wind Power Co., Ltd., Pulau Indah Power Plant Sdn. Bhd., NH-Amundi Global Infrastructure Investment Private Investment Trust 21, Shin-han BNPP Private Investment Trust for East-West Sunlight Dream, PT Barito Wahana Tenaga, Cheongna Energy Co., Ltd., Boim Combined Heat and Power Generation Co., Ltd. (formerly, Dayone Energy Co., Ltd.), OneEnergy Asia Limited, KAS INVESTMENT I LLC, KAS INVESTMENT II LLC, Energyco Co., Ltd., CAES, LLC, Hapcheon Floating Photovoltaic Power Plant Inc., Busan Industrial Solar Power Co., Ltd., Bitsolar Energy Co., Ltd., Naepo Green Energy Co., Ltd., Pulau Indah O&M Sdn. Bhd., Guadalupe Solar SpA, Omisan Wind Power Co., Ltd., Foresight Iberian Solar Group Holding, S.L., Yeongwol Eco Wind Co., Ltd., Gurae Resident Power Co., Ltd., Cheongju Eco Park Co., Ltd., Prime Swedish Holding AB, Enel X Midland Photovoltaic, LLC, Geumsungsan Wind Power Co., Ltd., KEPCO KPS CARABAO Corp., Goheung New Energy Co., Ltd., Gunsan Land Solar Co., Ltd., CapMan Lynx SCA, SICAR, International Offshore Power Transmission Holding Company Limited, Eumseong Eco Park Co., Ltd., Changwon Nu-ri Energy Co., Ltd., PungBack Wind Farm Corporation, Seobusambo highway photovoltaics Co., Ltd., Seungmun Green Energy, Pyeongchang Wind Power Co., Ltd., Trumbull Asset Management, LLC, S-Power Chile SpA, Taebaek Wind Power Co., Ltd., Yangyang Suri Wind Power Co., Ltd., KEPCO for Power Company, Jeonju Bio Green Energy Co., Ltd., Kumyang Eco Park Co., Ltd., Jeongeup Green Power Co., Ltd., Hadong E-factory Co., Ltd., Namyangju Combined Heat and Power Co., Ltd., Wadi Noor Solar Power Company SAOC, Fairhaven Energy Storage LLC
Others (2 others) |  | Korea Development Bank, KEPCO Lebanon SARL
(2) | Transactions between the Company and its subsidiaries are eliminated during the consolidation and are not disclosed in notes.
(3) | Related party transactions for the years ended December 31, 2021, 2022 and 2023 are as follows:
<Sales and Others>
|  |  |  |  |  |  | Sales and others |
Company name |  | Transaction type |  |  |  |  | 2021 |  |  | 2022 |  |  | 2023 |
|  |  |  |  |  |  | In millions of won |
<Associates> |  |  |  |  |  |  |  |  |  |  |  |  |  |
Korea Gas Corporation |  | Electricity sales |  | ￦ |  |  |  |  | 96,362 |  |  |  | 155,309 |  |  |  | 140,630 |
Goseong Green Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 514,470 |  |  |  | 1,062,108 |  |  |  | 842,270 |
Dongducheon Dream Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 19,923 |  |  |  | 8,942 |  |  |  | 16,138 |
Saemangeum Sebit Power Plant Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | 1,418 |  |  |  | 2,313 |
Daejung Offshore Wind Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 46 |  |  |  | 46 |  |  |  | 84 |
Daegu Photovoltaic Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 207 |  |  |  | 268 |  |  |  | 408 |
Haeng Bok Do Si Photovoltaic Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 2 |  |  |  | 2 |  |  |  | 3 |
Korea Electric Power Industrial Development Co., Ltd. |  | Service |  |  |  |  |  |  | 11,208 |  |  |  | 10,369 |  |  |  | 11,115 |
Gangneung Eco Power Co., Ltd. |  | Fuel sales |  |  |  |  |  |  | 14,200 |  |  |  | 459,404 |  |  |  | 943,063 |
Shin Pyeongtaek Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 23,501 |  |  |  | 27,486 |  |  |  | 91,830 |
Noeul Green Energy Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 30 |  |  |  | 9,396 |  |  |  | 8,431 |
Samcheok Eco Materials Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 620 |  |  |  | 546 |  |  |  | 615 |
YTN Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 1,922 |  |  |  | 2,180 |  |  |  | 2,908 |
Busan Green Energy Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 49 |  |  |  | 5,055 |  |  |  | 10,733 |
Gunsan Bio Energy Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 20 |  |  |  | — |  |  |  | — |
Korea Electric Vehicle Charging Service (*5) |  | Electricity sales |  |  |  |  |  |  | 3,039 |  |  |  | 3,686 |  |  |  | — |
Energy Infra Asset Management Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 4,629 |  |  |  | — |  |  |  | 89 |
Gangwon Wind Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 1,865 |  |  |  | 1,549 |  |  |  | 2,464 |
Gwangyang Green Energy Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 486 |  |  |  | 1,848 |  |  |  | 1,492 |
Bigeum Resident Photovoltaic Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 755 |  |  |  | 660 |  |  |  | 888 |
Hyundai Green Power Co., Ltd. |  | Electricity sales and design service |  |  |  |  |  |  | 11,934 |  |  |  | 7,063 |  |  |  | 6,668 |
Korea Power Exchange |  | Service |  |  |  |  |  |  | 39,796 |  |  |  | 16,596 |  |  |  | 52,262 |
Taebaek Wind Power Co., Ltd. (*1) |  | Service |  |  |  |  |  |  | 44 |  |  |  | 861 |  |  |  | — |
Taebaek Guinemi Wind Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 26 |  |  |  | — |  |  |  | — |
Pyeongchang Wind Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 1,180 |  |  |  | 1,323 |  |  |  | — |
Daeryun Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 1,944 |  |  |  | 2,016 |  |  |  | 3,187 |
Changjuk Wind Power Co., Ltd. (*4) |  | Electricity sales |  |  |  |  |  |  | 463 |  |  |  | 1,350 |  |  |  | — |
GS Donghae Electric Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 21,127 |  |  |  | 5,238 |  |  |  | 28,164 |
KNH Solar Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 14 |  |  |  | 13 |  |  |  | 15 |
S-Power Co., Ltd. |  | Service |  |  |  |  |  |  | 5,229 |  |  |  | 4,588 |  |  |  | 4,965 |
Chuncheon Green Energy Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | 2 |  |  |  | 82 |
Yeongyang Wind Power Corporation II |  | Commission |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 150 |
PND Solar Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 416 |  |  |  | 427 |  |  |  | 547 |
Hyundai Eco Energy Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 187 |  |  |  | 277 |  |  |  | 1,236 |
YeongGwang Yaksu Wind Electric Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 78 |  |  |  | 66 |  |  |  | 96 |
Taebaek Gadeoksan Wind Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 295 |  |  |  | 1,952 |  |  |  | 3,998 |
Korea Energy Solutions Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 2 |  |  |  | 2 |  |  |  | 2 |
ITR Co., Ltd. |  | Service |  |  |  |  |  |  | 3 |  |  |  | 6 |  |  |  | 3 |
STN Co., Ltd. (formerly, Structure test network Co., Ltd.) |  | Service |  |  |  |  |  |  | 5 |  |  |  | 7 |  |  |  | — |
Namjeongsusang Solar Power Operation Co., Ltd. (*3) |  | Electricity sales |  |  |  |  |  |  | 22 |  |  |  | 21 |  |  |  | 31 |
|  |  |  |  |  |  |  | Sales and others |
Company name |  | Transaction type |  |  |  |  |  | 2021 |  |  | 2022 |  |  | 2023 |
|  |  |  |  |  |  |  | In millions of won |
<Associates> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hanwha Corporation-linked Sunlight Power Special Private Equity Investment Trust No. 1 |  |  | Service |  |  | ￦ |  |  |  |  | 399 |  |  |  | 394 |  |  |  | 405 |
Bitgoel Eco Energy Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 282 |  |  |  | 1,397 |  |  |  | 1,581 |
Jeju Gimnyeong Wind Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | 367 |  |  |  | 315 |
Seoroseoro Sunny Power Plant Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | 1 |  |  |  | 2 |
Muan Solar park Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 232 |  |  |  | 950 |  |  |  | 3,083 |
YuDang Solar Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | 160 |  |  |  | 100 |
Anjwa Smart Farm & Solar City Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 624 |  |  |  | 1,068 |  |  |  | 2,479 |
KPE Green Energy Co., Ltd. (formerly, Daewon Green Energy Co., Ltd.) |  |  | Electricity sales |  |  |  |  |  |  |  | 155 |  |  |  | 185 |  |  |  | 163 |
Saemangeum Heemang Photovoltaic Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 13 |  |  |  | 5,740 |  |  |  | 3,538 |
UD4M Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 4 |  |  |  | 2 |  |  |  | 3 |
Dongbu Highway Solar Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 5 |  |  |  | 8 |  |  |  | 11 |
Seobu Highway Solar Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 8 |  |  |  | 8 |  |  |  | 12 |
Santiago Solar Power SpA |  |  | Dividends income |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 586 |
Gwangbaek Solar Power Investment Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 644 |
Go deok Clean Energy Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 4,685 |
SureDataLab Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 1 |  |  |  | 1 |  |  |  | 1 |
Suwon New Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 1,820 |  |  |  | 118 |  |  |  | 91 |
Hankook Electric Power Information Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 1 |  |  |  | — |  |  |  | — |
Kosture Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 1 |  |  |  | 5 |  |  |  | — |
PlatformN. Co., Ltd. |  |  | Others |  |  |  |  |  |  |  | — |  |  |  | 14 |  |  |  | 16 |
Muan Sunshine Solar Power Plant Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 52 |  |  |  | 17 |  |  |  | 403 |
Gangneung Sacheon Fuel Cell Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | 151 |  |  |  | 133 |
11 Associates (Overseas) |  |  | Electricity sales |  |  |  |  |  |  |  | 125,723 |  |  |  | 548,507 |  |  |  | 385,605 |
<Joint ventures> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Seobusambo highway photovoltaics Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | 3 |  |  |  | 16 |
Yangyang Suri Wind Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 169 |
Naepo Green Energy Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 467 |  |  |  | 761 |  |  |  | 3,462 |
Cheongna Energy Co., Ltd. |  |  | Others |  |  |  |  |  |  |  | 16,469 |  |  |  | 39,802 |  |  |  | 32,835 |
Boim Combined Heat and Power Generation Co., Ltd. (formerly, Dayone Energy Co., Ltd.) |  |  | Service |  |  |  |  |  |  |  | 8,159 |  |  |  | 7,761 |  |  |  | 2,110 |
Daegu Green Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 1,053 |  |  |  | 1,190 |  |  |  | 1,694 |
Prime Swedish Holding AB |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | 284 |  |  |  | 292 |
KAPES, Inc. |  |  | Commission |  |  |  |  |  |  |  | 413 |  |  |  | 450 |  |  |  | 1,604 |
Honam Wind Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 71 |  |  |  | 242 |  |  |  | 610 |
Jeongam Wind Power Co., Ltd |  |  | Electricity sales and others |  |  |  |  |  |  |  | 588 |  |  |  | — |  |  |  | — |
Korea Power Engineering Service Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 339 |  |  |  | 268 |  |  |  | 159 |
Seokmun Energy Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 1,701 |  |  |  | 1,685 |  |  |  | 1,792 |
Incheon New Power Co., Ltd. |  |  | Construction revenue |  |  |  |  |  |  |  | 14 |  |  |  | 14 |  |  |  | 458 |
|  |  |  |  |  |  | Sales and others |
Company name |  | Transaction type |  |  |  |  | 2021 |  |  | 2022 |  |  | 2023 |
|  |  |  |  |  |  | In millions of won |
<Joint ventures> |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chun-cheon Energy Co., Ltd. |  | Electricity sales |  | ￦ |  |  |  |  | 2,329 |  |  |  | 2,505 |  |  |  | 2,976 |
Yeonggwangbaeksu Wind Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 1,836 |  |  |  | 1,898 |  |  |  | 1,962 |
Yeonggwang Wind Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 818 |  |  |  | 871 |  |  |  | 3,607 |
Western Power Changgi Solar Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 1,920 |  |  |  | — |  |  |  | — |
NH-Amundi Global Infrastructure Investment Private Investment Trust 21 |  | Service |  |  |  |  |  |  | 1,727 |  |  |  | 1,415 |  |  |  | 1,568 |
KW Nuclear Components Co., Ltd. |  | Service |  |  |  |  |  |  | 2,598 |  |  |  | 1,624 |  |  |  | 1,612 |
Taebaek Wind Power Co., Ltd. (*1) |  | Others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 2,864 |
Pyeongchang Wind Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 2,087 |
KEPCO-Uhde Inc. (*2) |  | Electricity sales |  |  |  |  |  |  | 10 |  |  |  | 12 |  |  |  | — |
Busan Shinho Solar Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 376 |  |  |  | 502 |  |  |  | 1,205 |
Expressway Solar-light Power Generation Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 43 |
Goheung New Energy Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | 141 |  |  |  | 3,214 |
Gunsan Land Solar Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | 518 |  |  |  | 809 |
Daesan Green Energy Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 523 |  |  |  | 394 |  |  |  | 760 |
Cheong-Song Noraesan Wind Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 30 |  |  |  | 698 |  |  |  | 901 |
Chungsongmeon BongSan wind power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 1 |  |  |  | 1 |  |  |  | 1 |
Saemangeum Solar Power Co., Ltd. |  | Service |  |  |  |  |  |  | 1,141 |  |  |  | 100 |  |  |  | — |
Dangjin Eco Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 32 |  |  |  | 32 |  |  |  | 40 |
Yangyang Wind Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 13 |
Energyco Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 1 |  |  |  | 463 |  |  |  | 457 |
Hapcheon Floating Photovoltaic Power Plant Inc. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | 544 |  |  |  | 88 |
Busan Industrial Solar Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 9 |  |  |  | 14 |  |  |  | 22 |
Bitsolar Energy Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 296 |  |  |  | 498 |  |  |  | 357 |
Omisan Wind Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 1 |  |  |  | 1 |  |  |  | 26 |
S-Power Chile SpA |  | Interest income |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 20 |
Haemodum Solar Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 6 |  |  |  | 42 |  |  |  | 431 |
Yeongam Solar Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 339 |  |  |  | 379 |  |  |  | 1,131 |
Samsu Wind Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 514 |
Solaseado Solar Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 2,890 |  |  |  | 1,851 |  |  |  | 1,876 |
Yeongwol Eco Wind Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 102 |
Gurae Resident Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 8 |
Cheongju Eco Park Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | 204 |  |  |  | 6,397 |
Enel X Midland Photovoltaic, LLC |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | 12 |  |  |  | 11 |
Eumseong Eco Park Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | 2 |  |  |  | 19 |
Geumsungsan Wind Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | 7 |  |  |  | 68 |
41 Joint ventures (Overseas) |  | Electricity sales |  |  |  |  |  |  | 773,291 |  |  |  | 606,513 |  |  |  | 746,989 |
<Others> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Korea Development Bank |  | Electricity sales |  |  |  |  |  |  | 4,177 |  |  |  | 4,134 |  |  |  | 5,467 |
|  | Interest income |  |  |  |  |  |  | 756 |  |  |  | 2,222 |  |  |  | 5,930 |
<Purchase and Others>
|  |  |  |  |  |  | Purchase and others |
Company name |  | Transaction type |  |  |  |  | 2021 |  |  | 2022 |  |  | 2023 |
|  |  |  |  |  |  | In millions of won |
<Associates> |  |  |  |  |  |  |  |  |  |  |  |  |  |
Korea Gas Corporation |  | Electricity sales |  | ￦ |  |  |  |  | 5,646,713 |  |  |  | 11,996,402 |  |  |  | 8,873,781 |
Goseong Green Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 987,540 |  |  |  | 1,905,502 |  |  |  | 1,572,074 |
Dongducheon Dream Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 750,148 |  |  |  | 2,244,332 |  |  |  | 1,744,247 |
Saemangeum Sebit Power Plant Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | 23,159 |  |  |  | 22,365 |
Daegu Photovoltaic Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 3,532 |  |  |  | 4,744 |  |  |  | 4,247 |
Haeng Bok Do Si Photovoltaic Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 393 |  |  |  | 563 |  |  |  | 408 |
Korea Electric Power Industrial Development Co., Ltd. |  | Service |  |  |  |  |  |  | 241,925 |  |  |  | 251,468 |  |  |  | 305,105 |
Gangneung Eco Power Co., Ltd. |  | Others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 6,996 |
Shin Pyeongtaek Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 653,306 |  |  |  | 957,294 |  |  |  | 1,040,965 |
Noeul Green Energy Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 10,014 |  |  |  | 14,176 |  |  |  | 10,466 |
Samcheok Eco Materials Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 13,612 |  |  |  | 12,019 |  |  |  | 8,130 |
YTN Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 388 |  |  |  | 304 |  |  |  | 309 |
Busan Green Energy Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 18,996 |  |  |  | 26,219 |  |  |  | 23,211 |
Korea Electric Vehicle Charging Service (*5) |  | Electricity sales |  |  |  |  |  |  | 393 |  |  |  | — |  |  |  | — |
Energy Infra Asset Management Co., Ltd. |  | Service |  |  |  |  |  |  | 2,657 |  |  |  | 2,779 |  |  |  | 2,701 |
Yaksu ESS Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 1,715 |  |  |  | 851 |  |  |  | 508 |
Gangwon Wind Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 19,623 |  |  |  | 40,130 |  |  |  | 32,525 |
Goesan Solar park Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 6,209 |  |  |  | 7,642 |  |  |  | 6,530 |
Korea Power Exchange |  | Service |  |  |  |  |  |  | 86,716 |  |  |  | 93,817 |  |  |  | 82,572 |
Taebaek Wind Power Co., Ltd. (*1) |  | Service and REC |  |  |  |  |  |  | 5,930 |  |  |  | 7,442 |  |  |  | — |
Taebaek Guinemi Wind Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 5,910 |  |  |  | 6,793 |  |  |  | 5,529 |
Pyeongchang Wind Power Co., Ltd. |  | Design service and others |  |  |  |  |  |  | 4,099 |  |  |  | 3,884 |  |  |  | — |
Daeryun Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 157,234 |  |  |  | 428,534 |  |  |  | 353,371 |
Changjuk Wind Power Co., Ltd. (*4) |  | Electricity sales |  |  |  |  |  |  | 6,213 |  |  |  | 9,027 |  |  |  | — |
GS Donghae Electric Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 760,377 |  |  |  | 1,035,263 |  |  |  | 1,047,584 |
KNH Solar Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 3,222 |  |  |  | 4,348 |  |  |  | 3,535 |
S-Power Co., Ltd. |  | Service |  |  |  |  |  |  | 608,530 |  |  |  | 1,091,741 |  |  |  | 973,646 |
Yeongyang Wind Power Corporation II |  | Commission |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1,457 |
PND Solar Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 5,502 |  |  |  | 6,173 |  |  |  | 5,301 |
Hyundai Eco Energy Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 25,762 |  |  |  | 29,209 |  |  |  | 26,266 |
YeongGwang Yaksu Wind Electric Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 11,729 |  |  |  | 7,382 |  |  |  | 6,776 |
Taebaek Gadeoksan Wind Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 16,360 |  |  |  | 25,880 |  |  |  | 34,940 |
Korea Energy Solutions Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | 102 |  |  |  | 128 |
STN Co., Ltd. (formerly, Structure test network Co., Ltd.) |  | Others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 10 |
Green Energy Electricity Generation Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 1,238 |  |  |  | 2,962 |  |  |  | 948 |
Namjeongsusang Solar Power Operation Co., Ltd. (*3) |  | Electricity sales |  |  |  |  |  |  | 14,286 |  |  |  | 9,491 |  |  |  | — |
Bitgoel Eco Energy Co., Ltd. |  | Service and others |  |  |  |  |  |  | — |  |  |  | 930 |  |  |  | 28,334 |
Jeju Gimnyeong Wind Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 12,833 |  |  |  | 12,364 |  |  |  | 8,635 |
Seoroseoro Sunny Power Plant Co., Ltd. |  | REC and others |  |  |  |  |  |  | 217 |  |  |  | 1,138 |  |  |  | 874 |
Muan Solar Park Co., Ltd. |  | REC and others |  |  |  |  |  |  | 31,017 |  |  |  | 17,052 |  |  |  | 16,554 |
YuDang Solar Co., Ltd. |  | REC and others |  |  |  |  |  |  | 3,495 |  |  |  | 1,915 |  |  |  | 1,860 |
Anjwa Smart Farm & Solar City Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 24,601 |  |  |  | 16,942 |  |  |  | 17,332 |
KPE Green Energy Co., Ltd. (formerly, Daewon Green Energy Co., Ltd.) |  | Others |  |  |  |  |  |  | — |  |  |  | 42,651 |  |  |  | 62,212 |
Saemangeum Heemang Photovoltaic Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | 1,039 |  |  |  | 440 |
G.GURU Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | 452 |  |  |  | — |
|  |  |  |  |  |  |  | Purchase and others |
Company name |  | Transaction type |  |  |  |  |  | 2021 |  |  | 2022 |  |  | 2023 |
|  |  |  |  |  |  |  | In millions of won |
<Associates> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
UD4M Co., Ltd. |  |  | Electricity sales |  |  | ￦ |  |  |  |  | — |  |  |  | 313 |  |  |  | 117 |
Dongbu Highway Solar Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 2,605 |  |  |  | 3,516 |  |  |  | 2,937 |
Seobu Highway Solar Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 2,963 |  |  |  | 3,452 |  |  |  | 2,880 |
REC’s Innovation Co., Ltd. (formerly, Wang San Engineering. Co,. Ltd.) |  |  | Interest income/ Dividends income |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 6 |
Green Radiation Co., Ltd. |  |  | Ordinary development expense |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 11 |
Gwangbaek Solar Power Investment Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 742 |  |  |  | 602 |  |  |  | 565 |
Go deok Clean Energy Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 11,545 |
PlatformN. Co., Ltd. |  |  | Others |  |  |  |  |  |  |  | — |  |  |  | 475 |  |  |  | — |
Muan Sunshine Solar Power Plant Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 15,900 |  |  |  | 19,514 |  |  |  | 16,328 |
Gangneung Sacheon Fuel Cell Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1,324 |
11 Associates (Overseas) |  |  | Electricity sales |  |  |  |  |  |  |  | 502 |  |  |  | 101,790 |  |  |  | 91,233 |
<Joint ventures> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Seobusambo highway photovoltaics Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | 103 |  |  |  | 502 |
Cheongna Energy Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 57 |  |  |  | 80 |  |  |  | 60 |
Boim Combined Heat and Power Generation Co., Ltd. (formerly, Dayone Energy Co., Ltd.) |  |  | Service |  |  |  |  |  |  |  | 5,409 |  |  |  | 13,872 |  |  |  | 8,151 |
Daegu Green Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 289,052 |  |  |  | 508,601 |  |  |  | 370,787 |
KAPES, Inc. |  |  | Commission |  |  |  |  |  |  |  | 64,140 |  |  |  | 9,306 |  |  |  | 19,112 |
Honam Wind Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 4,807 |  |  |  | 7,662 |  |  |  | 8,643 |
Jeongam Wind Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 3,145 |  |  |  | — |  |  |  | — |
Korea Power Engineering Service Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 1,315 |  |  |  | 830 |  |  |  | 812 |
Seokmun Energy Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 44,315 |  |  |  | 60,799 |  |  |  | 60,009 |
Chun-cheon Energy Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 327,536 |  |  |  | 585,689 |  |  |  | 585,656 |
Yeonggwangbaeksu Wind Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 9,471 |  |  |  | 13,990 |  |  |  | 17,228 |
Yeonggwang Wind Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 21,004 |  |  |  | 31,221 |  |  |  | 40,605 |
Western Power Changgi Solar Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 5,852 |  |  |  | — |  |  |  | — |
KW Nuclear Components Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 96 |  |  |  | 9,504 |  |  |  | 14,114 |
Taebaek Wind Power Co., Ltd. (*1) |  |  | Service |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 7,476 |
Pyeongchang Wind Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 3,542 |
Busan Shinho Solar Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 7,895 |  |  |  | 10,601 |  |  |  | 10,248 |
Global Trade Of Power System Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 323 |  |  |  | 715 |  |  |  | 223 |
Expressway Solar-light Power Generation Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 3,146 |  |  |  | 4,016 |  |  |  | 3,362 |
Goheung New Energy Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 5,264 |
Gunsan Land Solar Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | 533 |  |  |  | 486 |
Daesan Green Energy Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 146,776 |  |  |  | 129,736 |  |  |  | 139,721 |
Cheong-Song Noraesan Wind Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | 980 |  |  |  | 882 |
Saemangeum Solar Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 5 |  |  |  | 1 |  |  |  | — |
Dangjin Eco Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 4,139 |  |  |  | 5,696 |  |  |  | 5,583 |
Yangyang Wind Power Co., Ltd. |  |  | Service and Electricity sales |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 10 |
Energyco Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | 7,898 |  |  |  | 6,539 |
|  |  |  |  |  |  | Purchase and others |
Company name |  | Transaction type |  |  |  |  | 2021 |  |  | 2022 |  |  | 2023 |
|  |  |  |  |  |  | In millions of won |
<Associates> |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hapcheon Floating Photovoltaic Power Plant Inc. |  | Service and REC |  |  |  |  |  |  | — |  |  |  | 2,526 |  |  |  | — |
Busan Industrial Solar Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 2,815 |  |  |  | 4,575 |  |  |  | 3,656 |
Bitsolar Energy Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 5,703 |  |  |  | 13,030 |  |  |  | 12,946 |
Omisan Wind Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 7 |  |  |  | — |  |  |  | — |
Haemodum Solar Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 1,625 |  |  |  | 2,168 |  |  |  | 402 |
Yeongam Solar Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 47,805 |  |  |  | 44,745 |  |  |  | 34,981 |
Samsu Wind Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 2,800 |  |  |  | 10,605 |  |  |  | 8,269 |
Solaseado Solar Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | 31,031 |  |  |  | 28,698 |  |  |  | 18,259 |
Gurae Resident Power Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1 |
Cheongju Eco Park Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | 94,409 |  |  |  | 95,059 |
Enel X Midland Photovoltaic, LLC |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | 1,871 |  |  |  | 2,431 |
Eumseong Eco Park Co., Ltd. |  | Electricity sales |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 27,765 |
41 Joint ventures (Overseas) |  | Electricity sales |  |  |  |  |  |  | 54,135 |  |  |  | 16,859 |  |  |  | 17,222 |
<Others> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Korea Development Bank |  | Interest expense |  |  |  |  |  |  | 2,756 |  |  |  | 4,208 |  |  |  | 5,559 |
|  | Dividends paid |  |  |  |  |  |  | 256,862 |  |  |  | 12 |  |  |  | — |
(*1) | Taebaek Wind Power Co., Ltd. was changed from an associate to a joint venture for the year ended December 31, 2023.
(*2) | KEPCO-Uhde Inc. is not a related party of the Company as of December 31, 2023 as the liquidation process was completed for the year ended December 31, 2023.
(*3) | Namjeongsusang Solar Power Operation Co., Ltd. is not a related party of the Company as of December 31, 2023 as the sale of shares was completed for the year ended December 31, 2023.
(*4) | Changjuk Wind Power Co., Ltd. was reclassified from an associate to a subsidiary for the year ended December 31, 2022, and the amount is before reclassification to a subsidiary.
(*5) | Korea Electric Vehicle Charging Service is not a related party of the Company as of December 31, 2023 as the sale of shares was completed for the year ended December 31, 2022.
(4) | Receivables and payables arising from related party transactions as of December 31, 2022 and 2023 are as follows:
|  |  |  |  |  |  | Receivables |  |  | Payables |
Company name |  | Type |  |  |  |  | 2022 |  |  | 2023 |  |  | 2022 |  |  | 2023 |
|  |  |  |  |  |  | In millions of won |
<Associates> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Korea Gas Corporation |  | Trade receivables |  | ￦ |  |  |  |  | 12,415 |  |  |  | 14,671 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 54,232 |  |  |  | 12,513 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1,882,607 |  |  |  | 480,974 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1,294 |  |  |  | 1,378 |
Goseong Green Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 76,254 |  |  |  | 55,719 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 14 |  |  |  | 15 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 182,095 |  |  |  | 120,270 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 52,515 |  |  |  | 48,621 |
Dongducheon Dream Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 592 |  |  |  | 2,573 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 270 |  |  |  | 478 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 293,256 |  |  |  | 117,975 |
Saemangeum Sebit Power Plant Co., Ltd. |  | Non-trade receivables and others |  |  |  |  |  |  | 653 |  |  |  | 341 |  |  |  | — |  |  |  | — |
Daejung Offshore Wind Power Co., Ltd. |  | Non-trade receivables and others |  |  |  |  |  |  | 123 |  |  |  | 263 |  |  |  | — |  |  |  | — |
Daegu Photovoltaic Co., Ltd. |  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 135 |  |  |  | 105 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 2 |  |  |  | — |
Korea Electric Power Industrial |  | Trade receivables |  |  |  |  |  |  | 164 |  |  |  | 176 |  |  |  | — |  |  |  | — |
Development Co., Ltd. |  | Non-trade receivables and others |  |  |  |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 150 |  |  |  | 2,021 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 9,588 |  |  |  | 8,077 |
Gangneung Eco Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 19,364 |  |  |  | 59,623 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 478 |  |  |  | — |  |  |  | — |  |  |  | — |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 94 |  |  |  | 94 |
Shin Pyeongtaek Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 7,375 |  |  |  | 1,814 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 1,068 |  |  |  | 4,933 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 109,274 |  |  |  | 86,801 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 101 |  |  |  | 385 |
Noeul Green Energy Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 3 |  |  |  | 6 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 9,365 |  |  |  | 18,356 |  |  |  | — |  |  |  | — |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 2,468 |  |  |  | 3,005 |
Samcheok Eco Materials Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 46 |  |  |  | 33 |  |  |  | — |  |  |  | — |
YTN Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 112 |  |  |  | 133 |  |  |  | — |  |  |  | — |
Busan Green Energy Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 1 |  |  |  | 1 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 26,681 |  |  |  | 32,720 |  |  |  | — |  |  |  | — |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 4,415 |  |  |  | 3,642 |
Gunsan Bio Energy Co., Ltd.(*4) |  | Non-trade receivables and others |  |  |  |  |  |  | 11,728 |  |  |  | — |  |  |  | — |  |  |  | — |
Yaksu ESS Co., Ltd. |  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 538 |
Gangwon Wind Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 6 |  |  |  | 13 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 5,197 |  |  |  | 3,206 |
Gwangyang Green Energy Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | — |  |  |  | 1,069 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 1,436 |  |  |  | 716 |  |  |  | — |  |  |  | — |
Bigeum Resident Photovoltaic Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 343 |  |  |  | 406 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 516 |  |  |  | 1,316 |  |  |  | — |  |  |  | — |
Goesan Solar park Co., Ltd. |  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 346 |  |  |  | 56 |
Hyundai Green Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 839 |  |  |  | 903 |  |  |  | — |  |  |  | — |
Korea Power Exchange |  | Trade receivables |  |  |  |  |  |  | 223 |  |  |  | 1,583 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 16,367 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 2,405 |  |  |  | 2,520 |
Taebaek Wind Power Co., Ltd. |  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 680 |  |  |  | — |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 178 |  |  |  | — |
Pyeongchang Wind Power Co., Ltd.(*1) |  | Trade receivable |  |  |  |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | — |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 211 |  |  |  | — |
Taebaek Guinemi Wind Power Co., Ltd. |  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 885 |  |  |  | 572 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 286 |
Daeryun Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 195 |  |  |  | 326 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 55,725 |  |  |  | 32,140 |
GS Donghae Electric Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 872 |  |  |  | 159 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 1,558 |  |  |  | 169 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 72,947 |  |  |  | 72,951 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 14,565 |  |  |  | 125 |
Yeongyang Wind Power Corporation II |  | Non-trade receivables and others |  |  |  |  |  |  | — |  |  |  | 165 |  |  |  | — |  |  |  | — |
KNH Solar Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 1 |  |  |  | 1 |  |  |  | — |  |  |  | — |
|  |  |  |  |  |  | Receivables |  |  | Payables |
Company name |  | Type |  |  |  |  | 2022 |  |  | 2023 |  |  | 2022 |  |  | 2023 |
|  |  |  |  |  |  | In millions of won |
<Associates> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
S-Power Co., Ltd. |  | Trade receivables |  | ￦ |  |  |  |  | 77 |  |  |  | 213 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 44 |  |  |  | 53 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 135,504 |  |  |  | 79,459 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 11 |  |  |  | — |
PND Solar Co., Ltd. |  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 210 |  |  |  | 296 |
Hyundai Eco Energy Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 22 |  |  |  | 28 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 738 |  |  |  | 408 |
YeongGwang Yaksu Wind Electric Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 7 |  |  |  | 10 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | — |  |  |  | 2,294 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 589 |  |  |  | 828 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 2,050 |  |  |  | — |
Taebaek Gadeoksan Wind Power Co., Ltd. |  | Non-trade receivables and others |  |  |  |  |  |  | 97 |  |  |  | 1,539 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 12,739 |  |  |  | 12,739 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 5 |  |  |  | 7 |
Korea Energy Solutions Co., Ltd. |  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 94 |  |  |  | — |
Green Energy Electricity Generation Co., Ltd. |  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 62 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 45 |
Namjeongsusang Solar Power Operation Co., Ltd. (*3) |  | Trade receivables |  |  |  |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | — |
Bitgoel Eco Energy Co., Ltd. |  | Non-trade receivables and others |  |  |  |  |  |  | 6 |  |  |  | 131 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,226 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1,023 |  |  |  | — |
Jeju Gimnyeong Wind Power Co., Ltd. |  | Non-trade receivables and others |  |  |  |  |  |  | 130 |  |  |  | 112 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1,758 |  |  |  | 1,467 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9 |
Muan Solar Park Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 25 |  |  |  | — |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 9 |  |  |  | 4 |  |  |  | — |  |  |  | — |
Anjwa Smart Farm & Solar City Co., Ltd. |  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 921 |  |  |  | 1,296 |
KPE Green Energy Co., Ltd. (formerly, Daewon Green Energy Co., Ltd.) |  | Trade receivables |  |  |  |  |  |  | 1 |  |  |  | 1 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 5,485 |  |  |  | 5,485 |
Saemangeum Heemang Photovoltaic Co., Ltd. |  | Non-trade receivables and others |  |  |  |  |  |  | 3,435 |  |  |  | — |  |  |  | — |  |  |  | — |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | — |
Dongbu Highway Solar Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 1 |  |  |  | 1 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 2 |  |  |  | — |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 2 |  |  |  | — |
Seobu Highway Solar Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 1 |  |  |  | 1 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 8 |  |  |  | — |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | — |
Gwangbaek Solar Power Investment Co., Ltd. |  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 61 |  |  |  | — |
Go deok Clean Energy Co., Ltd. |  | Non-trade receivables and others |  |  |  |  |  |  | — |  |  |  | 4,562 |  |  |  | — |  |  |  | — |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5,288 |
Suwon New Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | — |  |  |  | 876 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 1,280 |  |  |  | 560 |  |  |  | — |  |  |  | — |
Tronix Co., Ltd. |  | Non-trade receivables and others |  |  |  |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |
KOSTURE Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | — |
Muan Sunshine Solar Power Plant Co., Ltd. |  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 3,076 |  |  |  | 1,440 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1,265 |  |  |  | — |
PlatformN. Co., Ltd. |  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 232 |  |  |  | — |
9 Associates (Overseas) |  | Trade receivables |  |  |  |  |  |  | 93 |  |  |  | — |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 49,409 |  |  |  | 77,814 |  |  |  | — |  |  |  | — |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 502 |  |  |  | 6,242 |
<Joint ventures> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Daegu Green Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 53 |  |  |  | 122 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 56 |  |  |  | 55 |  |  |  | 66,715 |  |  |  | 32,222 |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Seobusambo highway photovoltaics Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | — |  |  |  | 4 |  |  |  | — |  |  |  | — |
Yangyang Suri Wind Power Co., Ltd. |  | Non-trade receivables and others |  |  |  |  |  |  | — |  |  |  | 55 |  |  |  | — |  |  |  | — |
KAPES, Inc. |  | Trade receivables |  |  |  |  |  |  | 2 |  |  |  | 4 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | — |  |  |  | 89 |  |  |  | — |  |  |  | — |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 106 |  |  |  | 3,791 |
Honam Wind Power Co., Ltd. |  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 515 |  |  |  | 515 |
Korea Power Engineering Service Co., Ltd. |  | Non-trade receivables and others |  |  |  |  |  |  | 47 |  |  |  | 48 |  |  |  | — |  |  |  | — |
|  |  |  |  |  |  | Receivables |  |  | Payables |
Company name |  | Type |  |  |  |  | 2022 |  |  | 2023 |  |  | 2022 |  |  | 2023 |
|  |  |  |  |  |  | In millions of won |
<Joint ventures> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Non-trade payables and others |  | ￦ |  |  |  |  | — |  |  |  | — |  |  |  | 77 |  |  |  | 76 |
Seokmun Energy Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 67 |  |  |  | 44 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 113 |  |  |  | 199 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 7,000 |  |  |  | 7,000 |
Naepo Green Energy Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 169 |  |  |  | 190 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | — |
Chun-cheon Energy Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 124 |  |  |  | 239 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 165 |  |  |  | 165 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 79,117 |  |  |  | 79,117 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2 |
Yeonggwangbaeksu Wind Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 8 |  |  |  | 10 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 166 |  |  |  | — |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1,076 |  |  |  | 1,076 |
Cheongna Energy Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 17,324 |  |  |  | 13,898 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 1,654 |  |  |  | 2,160 |  |  |  | — |  |  |  | — |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | 1 |
Yeonggwang Wind Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 12 |  |  |  | 15 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 62 |  |  |  | 56 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 2,251 |  |  |  | 2,251 |
KW Nuclear Components Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 18 |  |  |  | 17 |  |  |  | — |  |  |  | — |
Boim Combined Heat and Power Generation Co., Ltd. (formerly, Dayone Energy Co., Ltd.) |  | Trade receivables |  |  |  |  |  |  | 79 |  |  |  | 84 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 10,218 |  |  |  | 10,779 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1,027 |  |  |  | 721 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 9,119 |  |  |  | 14,193 |
Taebaek Wind Power Co., Ltd. (*1) |  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 603 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 341 |
Pyeongchang Wind Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | — |  |  |  | 4 |  |  |  | — |  |  |  | — |
KEPCO-Uhde Inc. (*2) |  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 10 |  |  |  | — |
Busan Shinho Solar Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 3 |  |  |  | 3 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 304 |  |  |  | 304 |
Expressway Solar-light Power Generation Co., Ltd. |  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 166 |  |  |  | 220 |
Gunsan Land Solar Co., Ltd. |  | Non-trade receivables and others |  |  |  |  |  |  | 138 |  |  |  | 295 |  |  |  | — |  |  |  | — |
Daesan Green Energy Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 18 |  |  |  | 13 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 218 |  |  |  | 170 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 4,946 |  |  |  | 4,946 |
Cheong-Song Noraesan Wind Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 2 |  |  |  | 2 |  |  |  | — |  |  |  | — |
Saemangeum Solar Power Co., Ltd. |  | Non-trade receivables and others |  |  |  |  |  |  | 4,368 |  |  |  | 4,368 |  |  |  | — |  |  |  | — |
Dangjin Eco Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 3 |  |  |  | 4 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 222 |  |  |  | 222 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 105 |  |  |  | 176 |
Yangyang Wind Power Co., Ltd. |  | Non-trade receivables and others |  |  |  |  |  |  | — |  |  |  | 13 |  |  |  | — |  |  |  | — |
Energyco Co., Ltd. |  | Non-trade receivables and others |  |  |  |  |  |  | — |  |  |  | 3 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 99 |
Hapcheon Floating Photovoltaic Power Plant Inc. |  | Trade receivables |  |  |  |  |  |  | 9 |  |  |  | 10 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | — |  |  |  | 68 |  |  |  | — |  |  |  | — |
Busan Industrial Solar Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 2 |  |  |  | 2 |  |  |  | — |  |  |  | — |
Bitsolar Energy Co., Ltd. |  | Non-trade receivables and others |  |  |  |  |  |  | 222 |  |  |  | 1 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 201 |  |  |  | 201 |
Haemodum Solar Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 1 |  |  |  | 1 |  |  |  | — |  |  |  | — |
Yeongam Solar Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 44 |  |  |  | 56 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 3,655 |  |  |  | 3,517 |
Samsu Wind Power Co., Ltd. |  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1,303 |  |  |  | 1,229 |
Solaseado Solar Power Co., Ltd. |  | Non-trade receivables and others |  |  |  |  |  |  | 23 |  |  |  | 24 |  |  |  | — |  |  |  | — |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 2,911 |  |  |  | — |
Cheongju Eco Park Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | — |  |  |  | 6,899 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 7,994 |  |  |  | 7,994 |
Enel X Midland Photovoltaic, LLC |  | Trade receivables |  |  |  |  |  |  | 1 |  |  |  | 1 |  |  |  | — |  |  |  | — |
|  | Trade payables |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | 144 |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 49 |
Geumsungsan Wind Power Co., Ltd. |  | Trade receivables |  |  |  |  |  |  | 3 |  |  |  | 4 |  |  |  | — |  |  |  | — |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | — |
|  |  |  |  |  |  | Receivables |  |  | Payables |
Company name |  | Type |  |  |  |  | 2022 |  |  | 2023 |  |  | 2022 |  |  | 2023 |
|  |  |  |  |  |  | In millions of won |
<Joint ventures> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
26 Joint ventures (Overseas) |  | Trade receivables |  | ￦ |  |  |  |  | 73,805 |  |  |  | 160,474 |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 71,661 |  |  |  | 55,897 |  |  |  | — |  |  |  | — |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 117,754 |  |  |  | 22,877 |
<Others> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Korea Development Bank |  | Accrued interest income |  |  |  |  |  |  | 5 |  |  |  | — |  |  |  | — |  |  |  | — |
|  | Non-trade receivables and others |  |  |  |  |  |  | 30,836 |  |  |  | 33,140 |  |  |  | — |  |  |  | — |
|  | Non-trade payables and others |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 101 |  |  |  | 147 |
|  | Derivatives and others |  |  |  |  |  |  | 67,662 |  |  |  | 45,898 |  |  |  | 3,759 |  |  |  | 72,050 |
KEPCO Lebanon SARL (*5) |  | Trade receivables |  |  |  |  |  |  | — |  |  |  | 75 |  |  |  | — |  |  |  | — |
| (*1) | Taebaek Wind Power Co., Ltd. was changed from an associate to a joint venture for the year ended December 31, 2023.
| (*2) | KEPCO-Uhde Inc. is not a related party of the Company as of December 31, 2023 as the liquidation process was completed for the year ended December 31, 2023.
| (*3) | Namjeongsusang Solar Power Operation Co., Ltd. is not a related party of the Company as of December 31, 2023 as the sale of shares was completed for the year ended December 31, 2023.
| (*4) | Busan Green Energy Co., Ltd. was declared bankrupt for the year ended December 31, 2023 and was excluded from an associate due to the appointment of a bankruptcy trustee.
| (*5) | The entire amount has been set as bad debt.
(5) | Loans and others arising from related party transactions as of December 31, 2022 and 2023 are as follows:
Type |  | Company name |  |  |  |  | Beginning balance |  |  | Loans |  |  | Collection |  |  | Others |  |  | Ending balance |
|  |  |  |  |  |  | In millions of won |
Associates |  | KNOC Nigerian East Oil Co., Ltd., KNOC Nigerian West Oil Co., Ltd. |  | ￦ |  |  |  |  | 31,473 |  |  |  | 170 |  |  |  | — |  |  |  | 510 |  |  |  | 32,153 |
|  | (Allowance for doubtful accounts) |  |  |  |  |  |  | (10,751 | ) |  |  | (12,995 | ) |  |  | — |  |  |  | (1,797 | ) |  |  | (25,543 | )
Associates |  | Nepal Water & Energy Development Company Private Limited |  |  |  |  |  |  | 19,914 |  |  |  | — |  |  |  | — |  |  |  | (1,862 | ) |  |  | 18,052 |
Associates |  | Xe-Pian Xe-Namnoy Power Co., Ltd. |  |  |  |  |  |  | 22,936 |  |  |  | — |  |  |  | — |  |  |  | 401 |  |  |  | 23,337 |
Associates |  | PT Wampu Electric Power |  |  |  |  |  |  | 9,171 |  |  |  | — |  |  |  | (9,613 | ) |  |  | 442 |  |  |  | — |
Associates |  | PT. Cirebon Energi Prasarana |  |  |  |  |  |  | 29,569 |  |  |  | — |  |  |  | — |  |  |  | 5,973 |  |  |  | 35,542 |
Associates |  | Bigeum Resident Photovoltaic Power Co., Ltd. |  |  |  |  |  |  | 11,212 |  |  |  | — |  |  |  | — |  |  |  | (1,687 | ) |  |  | 9,525 |
Associates |  | Daejung Offshore Wind Power Co., Ltd. |  |  |  |  |  |  | 1,000 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,000 |
Associates |  | Bitgoel Eco Energy Co., Ltd. |  |  |  |  |  |  | 34,790 |  |  |  | — |  |  |  | (3,905 | ) |  |  | — |  |  |  | 30,885 |
Associates |  | Saemangeum Sebit Power Plant Co., Ltd. |  |  |  |  |  |  | 37,249 |  |  |  | — |  |  |  | (8,279 | ) |  |  | — |  |  |  | 28,970 |
Joint ventures |  | Solaseado Solar Power Co., Ltd. |  |  |  |  |  |  | 35,000 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 35,000 |
Joint ventures |  | Recursos Solares PV de Mexico II, S.A. de C.V. |  |  |  |  |  |  | 8,457 |  |  |  | 1,944 |  |  |  | — |  |  |  | 188 |  |  |  | 10,589 |
Joint ventures |  | Horus Solar, S.A. de C.V. |  |  |  |  |  |  | 19,287 |  |  |  | — |  |  |  | (8,552 | ) |  |  | 464 |  |  |  | 11,199 |
Joint ventures |  | Sunmex Renovables, S.A. de C.V. |  |  |  |  |  |  | 16,383 |  |  |  | 536 |  |  |  | — |  |  |  | 291 |  |  |  | 17,210 |
Joint ventures |  | Kelar S.A. |  |  |  |  |  |  | 43,965 |  |  |  | — |  |  |  | — |  |  |  | (2,980 | ) |  |  | 40,985 |
Joint ventures |  | DE Energia SpA |  |  |  |  |  |  | 7,260 |  |  |  | — |  |  |  | — |  |  |  | 126 |  |  |  | 7,386 |
Joint ventures |  | Daehan Wind Power PSC |  |  |  |  |  |  | 14,618 |  |  |  | — |  |  |  | — |  |  |  | 254 |  |  |  | 14,872 |
Joint ventures |  | Bitsolar Energy Co., Ltd. |  |  |  |  |  |  | 3,165 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,165 |
Joint ventures |  | Daesan Green Energy Co., Ltd. |  |  |  |  |  |  | 3,514 |  |  |  | 190 |  |  |  | (1,293 | ) |  |  | — |  |  |  | 2,411 |
Joint ventures |  | Yangyang Wind Power Co., Ltd. |  |  |  |  |  |  | — |  |  |  | 3,257 |  |  |  | — |  |  |  | — |  |  |  | 3,257 |
Type |  | Company name |  |  |  |  | Beginning balance |  |  | Loans |  |  | Collection |  |  | Others |  |  | Ending balance |
|  |  |  |  |  |  | In millions of won |
Joint ventures |  | Nghi Son 2 Power LLC |  | ￦ |  |  |  |  | 186,735 |  |  |  | — |  |  |  | — |  |  |  | 3,256 |  |  |  | 189,991 |
Joint ventures |  | Pulau Indah Power Plant Sdn. Bhd. |  |  |  |  |  |  | 10,207 |  |  |  | — |  |  |  | — |  |  |  | (244 | ) |  |  | 9,963 |
Joint ventures |  | Guadalupe Solar SpA |  |  |  |  |  |  | 3,344 |  |  |  | — |  |  |  | (225 | ) |  |  | 42 |  |  |  | 3,161 |
Joint ventures |  | Foresight Iberian Solar Group Holding, S.L. |  |  |  |  |  |  | 61,302 |  |  |  | — |  |  |  | (1,292 | ) |  |  | 4,308 |  |  |  | 64,318 |
Joint ventures |  | Capman Lynx SCA, SICAR |  |  |  |  |  |  | 31,628 |  |  |  | — |  |  |  | — |  |  |  | 3,582 |  |  |  | 35,210 |
|  | (Allowance for doubtful accounts) |  |  |  |  |  |  | (4,467 | ) |  |  | (30,743 | ) |  |  | — |  |  |  | — |  |  |  | (35,210 | )
Joint ventures |  | S-Power Chile SpA |  |  |  |  |  |  | 253 |  |  |  | — |  |  |  | — |  |  |  | 5 |  |  |  | 258 |
Others |  | KEPCO Lebanon SARL |  |  |  |  |  |  | 3,834 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,834 |
|  | (Allowance for doubtful accounts) |  |  |  |  |  |  | (3,834 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,834 | )
|  | Gunsan Bio Energy Co., Ltd. (*1) |  |  |  |  |  |  | 12,396 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 12,396 |
|  | (Allowance for doubtful accounts) |  |  |  |  |  |  | (12,396 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (12,396 | )
|  |  |  | ￦ |  |  |  |  | 627,214 |  |  |  | (37,641 | ) |  |  | (33,159 | ) |  |  | 11,272 |  |  |  | 567,686 |
| (*1) | Bankruptcy was declared during the year ended December 31, 2023. The Company cannot hold significant influence due to the appointment of a bankruptcy trustee, so the Company was reclassified from an associate to financial assets at fair value through other comprehensive income.
(6) | Borrowings arising from related party transactions as of December 31, 2022 and 2023 are as follows:
Related parties |  | Type |  |  |  |  | Beginning balance |  |  | Borrowings |  |  | Repayment |  |  | Others |  |  | Ending balance |
|  |  |  |  |  |  | In millions of won |
Korea Development Bank |  | Facility |  | ￦ |  |  |  |  | 96,584 |  |  |  | — |  |  |  | (12,387 | ) |  |  | 906 |  |  |  | 85,103 |
|  | Others |  |  |  |  |  |  | 2,133 |  |  |  | — |  |  |  | (375 | ) |  |  | — |  |  |  | 1,758 |
|  | Operating funds |  |  |  |  |  |  | 62,433 |  |  |  | 478,394 |  |  |  | (442,027 | ) |  |  | 21,200 |  |  |  | 120,000 |
|  | Syndicated Loan |  |  |  |  |  |  | 12,455 |  |  |  | — |  |  |  | (978 | ) |  |  | (529 | ) |  |  | 10,948 |
|  | EBL and others |  |  |  |  |  |  | 48,892 |  |  |  | 25,701 |  |  |  | (3,398 | ) |  |  | 37,017 |  |  |  | 108,212 |
|  |  |  | ￦ |  |  |  |  | 222,497 |  |  |  | 504,095 |  |  |  | (459,165 | ) |  |  | 58,594 |  |  |  | 326,021 |
(7) | Guarantees provided to related parties as of December 31, 2023 are as follows:
Primary guarantor |  | Principal obligor |  | Type of guarantees |  | Credit limit |  |  | Creditor
|  |  |  |  |  | In millions of won and thousands of foreign currencies |  |  |
Korea Electric Power Corporation |  | Shuweihat Asia Operation & Maintenance Company |  | Performance guarantees |  |  | USD 11,000 |  |  | Shuweihat Asia Power Investment B.V.
Korea Electric Power Corporation |  | Rabigh Operation & Maintenance Company Limited |  | Performance guarantees and others |  |  | USD 1,387 |  |  | Rabigh Electricity Company
Korea Electric Power Corporation |  | Nghi Son 2 Power LLC |  | Performance guarantees and others |  |  | USD 40,738 |  |  | SMBC Singapore and others
Korea Electric Power Corporation |  | Barakah One Company |  | Debt guarantees |  |  | USD 1,223,355 |  |  | Export-Import Bank of Korea and others
|  |  |  | Performance guarantees and others |  |  | USD 4,103,269 |  |  |
Korea Electric Power Corporation |  | RE Holiday Holdings LLC |  | Performance guarantees (*9) |  |  | USD 222,077 |  |  | EFS Renewables Holdings, LLC, CA-CIB and others
Korea Electric Power Corporation |  | RE Pioneer Holdings LLC |  | Performance guarantees |  |  | USD 106,873 |  |  | EFS Renewables Holdings, LLC
Korea Electric Power Corporation |  | Rabigh Electricity Company |  | Performance guarantees |  |  | SAR 4,151 |  |  | Hana Bank
Korea Electric Power Corporation |  | Shuweihat Asia Power Investment B.V. |  | Performance guarantees |  |  | USD 50,000 |  |  | ING Bank
Korea Electric Power Corporation |  | Amman Asia Electric Power Company |  | Performance guarantees |  |  | USD 17,400 |  |  | Shinhan Bank
Korea Electric Power Corporation |  | Horus Solar, S.A. de C.V. |  | Other performance guarantees |  |  | MXN 16,413 |  |  | CENACE and others
Primary guarantor |  | Principal obligor |  | Type of guarantees |  | Credit limit |  |  | Creditor
|  |  |  |  |  | In millions of won and thousands of foreign currencies |  |  |
Korea Electric Power Corporation |  | Recursos Solares PV de Mexico II, S.A. de C.V. |  | Other performance guarantees |  |  | MXN 1,518 |  |  | SEMARNAT
|  |  |  |  |  |  | USD 393 |  |  | CFE Transmission
Korea Electric Power Corporation |  | Sunmex Renovables, S.A. de C.V. |  | Other performance guarantees |  |  | USD 9,078 |  |  | CENACE
|  |  |  |  |  |  | MXN 3,666 |  |  | SEMARNAT
Korea Electric Power Corporation |  | International Offshore Power Transmission Holding Company Limited |  | Performance guarantees |  |  | USD 52,500 |  |  | Mizuho Bank
|  |  |  | Other performance guarantees |  |  | USD 7,000 |  |  | Credit Agricole
Korea Electric Power Corporation |  | Pulau Indah Power Plant Sdn. Bhd. |  | Collateralized money invested (*10) |  |  | KRW 13,210 |  |  | Malaysian Trustee Berhad
Korea Electric Power Corporation |  | KEPCO for Power Company |  | Debt guarantees |  |  | USD 60,000 |  |  | Riyad bank
|  |  |  | Other performance guarantees |  |  | USD 70,000 |  |  | SMBC Seoul and others
Korea Western Power Co., Ltd. |  | Cheongna Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 25,549 |  |  | Kookmin Bank and others
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  |
Korea Western Power Co., Ltd. |  | Xe-Pian Xe-Namnoy Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 116,378 |  |  | Krung Thai Bank
|  |  |  | Impounding bonus guarantees (*11) |  |  | USD 5,000 |  |  | SK Eco Plant Co., Ltd.
Korea Western Power Co., Ltd. |  | Rabigh Operation & Maintenance Company Limited |  | Performance guarantees and others |  |  | SAR 11,200 |  |  | National Bank of Kuwait
Korea Western Power Co., Ltd. |  | Daegu Photovoltaic Co., Ltd. |  | Collateralized money invested |  |  | KRW 2,804 |  |  | Korea Development Bank
Korea Western Power Co., Ltd. |  | Dongducheon Dream Power Co., Ltd. |  | Collateralized money invested (*5) |  |  | KRW 50,682 |  |  | Kookmin Bank and others
|  |  |  | Debt guarantees |  |  | KRW 20,300 |  |  | Hanyang Securities
Korea Western Power Co., Ltd. |  | PT. Mutiara Jawa |  | Collateralized money invested |  |  | KRW 5,168 |  |  | Woori Bank
Korea Western Power Co., Ltd. |  | Haeng Bok Do Si Photovoltaic Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 294 |  |  | Nonghyup Bank
Korea Western Power Co., Ltd. |  | Shin Pyeongtaek Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 145,025 |  |  | Kookmin Bank and others
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  |
Korea Western Power Co., Ltd. |  | Haemodum Solar Co., Ltd. |  | Collateralized money invested |  |  | KRW 3,122 |  |  | Nonghyup Bank
Korea Western Power Co., Ltd. |  | Muan Solar Park Co., Ltd. |  | Collateralized money invested |  |  | KRW 6,830 |  |  | IBK and others
Korea Western Power Co., Ltd. |  | Anjwa Smart Farm & Solar City Co., Ltd. |  | Collateralized money invested |  |  | KRW 7,665 |  |  | Hana Bank and others
Korea Western Power Co., Ltd. |  | Seoroseoro Sunny Power Plant Co., Ltd. |  | Collateralized money invested |  |  | KRW 941 |  |  | Hana Bank and others
Korea Western Power Co., Ltd. |  | YuDang Solar Co., Ltd. |  | Collateralized money invested |  |  | KRW 570 |  |  | Hana Bank and others
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  |
Korea Western Power Co., Ltd. |  | Hapcheon Floating Photovoltaic Power Plant Inc. |  | Collateralized money invested |  |  | KRW 10,348 |  |  | Nonghyup Bank and others
Korea Western Power Co., Ltd. |  | Yeongwol Eco Wind Co., Ltd. |  | Collateralized money invested |  |  | KRW 4,024 |  |  | Hana Bank and others
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  |
Korea Western Power Co., Ltd. |  | Gurae Resident Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 569 |  |  | Hana Bank and others
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  |
Korea Western Power Co., Ltd |  | Gunsan Land Solar Co., Ltd. |  | Collateralized money invested |  |  | KRW 22,429 |  |  | Hana Bank and others
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  |
Korea Western Power Co., Ltd |  | Seobusambo highway photovoltaics Co., Ltd. |  | Collateralized money invested |  |  | KRW 3,580 |  |  | Hana Bank and others
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  |
Korea Western Power Co., Ltd |  | Eumseong Eco Park Co., Ltd. |  | Collateralized money invested |  |  | KRW 8,386 |  |  | Kyobo Life Insurance Co., Ltd. and others
Korea Western Power Co., Ltd |  | PungBack Wind Farm Corporation |  | Collateralized money invested |  |  | KRW 7,940 |  |  | Hanwha Life Insurance Co., Ltd. and others
Korea Western Power Co., Ltd |  | Wadi Noor Solar Power Company SAOC |  | Loan payment guarantee |  |  | USD 54,855 |  |  | DBS Bank
Korea East-West Power Co., Ltd. |  | Busan Shinho Solar Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 6,669 |  |  | Korea Development Bank and others
Korea East-West Power Co., Ltd. |  | Seokmun Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 16,591 |  |  | Kookmin Bank and others
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  |
Korea East-West Power Co., Ltd. |  | Chun-cheon Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 35,083 |  |  | Kookmin Bank and others
|  |  |  | Guarantees for supplemental funding (*1) |  |  | KRW 90,800 |  |  |
Korea East-West Power Co., Ltd. |  | Honam Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 4,743 |  |  | Shinhan Bank and others
Korea East-West Power Co., Ltd. |  | GS Donghae Electric Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 259,084 |  |  | Korea Development Bank and others
Korea East-West Power Co., Ltd. |  | Yeonggwangbaeksu Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 3,443 |  |  | Kookmin Bank and others
Korea East-West Power Co., Ltd. |  | Yeonggwang Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 23,380 |  |  | KDB Capital Corporation and others
Primary guarantor |  | Principal obligor |  | Type of guarantees |  | Credit limit |  |  | Creditor
|  |  |  |  |  | In millions of won and thousands of foreign currencies |  |  |
Korea East-West Power Co., Ltd. |  | Daesan Green Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 22,191 |  |  | IBK
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  |
Korea East-West Power Co., Ltd. |  | Taebaek Gadeoksan Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 19,426 |  |  | Hana Bank and others
Korea East-West Power Co., Ltd. |  | PT. Tanjung Power Indonesia |  | Other guarantees |  |  | USD 3,150 |  |  | PT. Adaro Indonesia
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  | Sumitomo mitsui banking and others
|  |  |  | Collateralized money invested |  |  | KRW 90,151 |  |  | MUFG and others
Korea East-West Power Co., Ltd. |  | South Jamaica Power Company Limited |  | Performance guarantees (*14) |  |  | USD 14,400 |  |  | Hana Bank
|  |  |  | Collateralized money invested |  |  | KRW 43,109 |  |  | JCSD Trustee Services Limited and others
Korea East-West Power Co., Ltd. |  | DE Energia SpA |  | Collateralized money invested |  |  | KRW 9,703 |  |  | Mirae Asset Securities Co., Ltd. and others
|  |  |  | Collateralized loans |  |  | USD 5,728 |  |  |
|  |  |  | Payment guarantees (*7) |  |  | USD 959 |  |  | Hana Bank
Korea East-West Power Co., Ltd. |  | Bitsolar Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 352 |  |  | Mirae Asset Life Insurance Co., Ltd. and others
Korea East-West Power Co., Ltd. |  | Cheongju Eco Park Co., Ltd. |  | Collateralized money invested |  |  | KRW 9,072 |  |  | Kyobo Life Insurance Co., Ltd. and others
Korea East-West Power Co., Ltd. |  | Busan Industrial Solar Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 1,058 |  |  | Shinhan Bank and others
Korea East-West Power Co., Ltd. |  | Yangyang Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 10,435 |  |  | Hana Bank and others
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  |
Korea East-West Power Co., Ltd. |  | KPE Green Energy Co., Ltd. (formerly, Daewon Green Energy Co., Ltd.) |  | Collateralized money invested |  |  | KRW 7,779 |  |  | Hana Bank and others
Korea East-West Power Co., Ltd. |  | Goheung New Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 4,808 |  |  | Woori Bank and others
Korea East-West Power Co., Ltd. |  | Seungmun Green Energy |  | Collateralized money invested |  |  | KRW 9,757 |  |  | Hana Bank and others
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  |
Korea East-West Power Co., Ltd. |  | Yanggu Floating Photovoltaic Power Plant Inc. |  | Collateralized money invested |  |  | KRW 760 |  |  | Korea Development Bank
Korea East-West Power Co., Ltd. |  | Hoenggye Renewable Energy Co., Ltd. |  | Collateralized money invested Guarantees for supplemental funding (*1) |  |  | KRW 2,375 — |  |  | IBK
Korea Southern Power Co., Ltd. |  | KNH Solar Co., Ltd. |  | Collateralized money invested |  |  | KRW 3,194 |  |  | Shinhan Bank and others
|  |  |  | Performance guarantees and guarantees for supplemental funding (*1) |  |  | — |  |  |
Korea Southern Power Co., Ltd. |  | Daeryun Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 26,834 |  |  | Korea Development Bank and others
Korea Southern Power Co., Ltd. |  | Daegu Green Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 26,430 |  |  | Shinhan Bank and others
|  |  |  | Performance guarantees |  |  | — |  |  |
Korea Southern Power Co., Ltd. |  | Kelar S.A. |  | Performance guarantees |  |  | USD 33,930 |  |  | Hana Bank, MUFG
|  |  |  | Payment guarantees (*12) |  |  | USD 11,707 |  |  | Hana Bank
Korea Southern Power Co., Ltd. |  | Daehan Wind Power PSC |  | Performance guarantees |  |  | USD 1,800 |  |  | Shinhan Bank
|  |  |  | Payment guarantees (*6) |  |  | USD 2,000 |  |  | Hana Bank
|  |  |  | Collateralized money invested |  |  | KRW 16,426 |  |  | Standard Chartered
Korea Southern Power Co., Ltd. |  | Pyeongchang Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 12,228 |  |  | Woori Bank, Shinhan Bank and others
|  |  |  | Performance guarantees |  |  | — |  |  |
Korea Southern Power Co., Ltd. |  | Taebaek Guinemi Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 13,530 |  |  | IBK
Korea Southern Power Co., Ltd. |  | Samcheok Eco Materials Co., Ltd. |  | Payment guarantees (*2) |  |  | — |  |  | SEM Investment Co., Ltd.
|  |  |  | Performance guarantees (*15) |  |  | — |  |  |
Korea Southern Power Co., Ltd. |  | Solaseado Solar Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 13,370 |  |  | Kookmin Bank and others
Korea Southern Power Co., Ltd. |  | Naepo Green Energy Co., Ltd. |  | Collateralized money invested (*8) |  |  | KRW 5,285 |  |  | IBK and others
|  |  |  | Performance guarantees and guarantees for supplemental funding (*1) |  |  | KRW 30,000 |  |  |
Korea Southern Power Co., Ltd . |  | Omisan Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 10,229 |  |  | Shinhan Bank
|  |  |  | Performance guarantees and guarantees for supplemental funding (*1) |  |  | — |  |  |
Korea Southern Power Co., Ltd. |  | Geumsungsan Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 5,515 |  |  | Kookmin Bank
Korea Southern Power Co., Ltd. |  | HORANG ENERGY Inc. |  | Collateralized money invested |  |  | KRW 4,149 |  |  | Woori Bank and others
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  |
Korea Southern Power Co., Ltd. |  | Haman Green Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 2,981 |  |  | Hana Bank and others
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  |
Primary guarantor |  | Principal obligor |  | Type of guarantees |  | Credit limit |  |  | Creditor
|  |  |  |  |  | In millions of won and thousands of foreign currencies |  |  |
Korea Southern Power Co., Ltd. |  | Jeongeup Green Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 1,560 |  |  | Woori Bank and others
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  |
KOSPO Power Services Ltda. |  | Kelar S.A. |  | Payment guarantees |  |  | USD 1,316 |  |  | Scotia bank
KOSPO Chile SpA |  | Kelar S.A. |  | Collateralized money invested |  |  | KRW 131,529 |  |  | Export-Import Bank of Korea and others
KOSPO Chile SpA |  | Chester Solar I SpA |  | Collateralized money invested |  |  | KRW 1,238 |  |  | IBK
KOSPO Chile SpA |  | Chester Solar IV SpA |  | Collateralized money invested |  |  | KRW 484 |  |  | IBK
KOSPO Chile SpA |  | Chester Solar V SpA |  | Collateralized money invested |  |  | KRW 191 |  |  | IBK
KOSPO Chile SpA |  | Diego de Almagro Solar SpA |  | Collateralized money invested |  |  | KRW 954 |  |  | IBK
KOSPO Chile SpA |  | Laurel SpA |  | Collateralized money invested |  |  | KRW 613 |  |  | IBK
Korea Midland Power Co., Ltd. |  | YeongGwang Yaksu Wind Electric Co., Ltd. |  | Collateralized money invested |  |  | KRW 133 |  |  | IBK and others
Korea Midland Power Co., Ltd. |  | Hyundai Green Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 118,172 |  |  | Korea Development Bank and others
Korea Midland Power Co., Ltd. |  | PT. Cirebon Electric Power |  | Debt guarantees |  |  | USD 3,355 |  |  | Mizuho Bank
Korea Midland Power Co., Ltd. |  | PT Wampu Electric Power |  | Debt guarantees |  |  | USD 5,473 |  |  | PT. Bank KB Bukopin
Korea Midland Power Co., Ltd. |  | Green Energy Electricity Generation Co., Ltd. |  | Collateralized money invested |  |  | KRW 8 |  |  | IBK
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  | IBK and others
Korea Midland Power Co., Ltd. |  | Yaksu ESS Co., Ltd. |  | Collateralized money invested |  |  | KRW 285 |  |  | IBK
Korea Midland Power Co., Ltd. |  | Gwangbaek Solar Power Investment Co., Ltd. |  | Collateralized money invested |  |  | KRW 5,155 |  |  | Kyobo Life Insurance Co., Ltd. and others
Korea Midland Power Co., Ltd. |  | Muan Sunshine Solar Power Plant Co., Ltd. |  | Collateralized money invested |  |  | KRW 2,822 |  |  | IBK
Korea Midland Power Co., Ltd. |  | Goesan Solar park Co., Ltd. |  | Collateralized money invested |  |  | KRW 2,877 |  |  | IBK
Korea Midland Power Co., Ltd . |  | Bitgoel Eco Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 7,328 |  |  | IBK and others
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  |
Korea Midland Power Co., Ltd. |  | Energyco Co., Ltd. |  | Collateralized money invested |  |  | KRW 2,140 |  |  | Nonghyup Bank
|  |  |  | Payment guarantees |  |  | KRW 2,700 |  |  | Shinhan bank
Korea Midland Power Co., Ltd. |  | Jeju Gimnyeong Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 246 |  |  | Nonghyup Bank
Korea Midland Power Co., Ltd. |  | Dongbu Highway Solar Co., Ltd. |  | Collateralized money invested |  |  | KRW 380 |  |  | Shinhan Bank
Korea Midland Power Co., Ltd. |  | Seobu Highway Solar Co., Ltd. |  | Collateralized money invested |  |  | KRW 406 |  |  | Shinhan Bank
Korea Midland Power Co., Ltd. |  | Yeongyang Wind Power Corporation II |  | Collateralized money invested |  |  | KRW 10,100 |  |  | Korea Development Bank and others
Korea Midland Power Co., Ltd. |  | Haeparang Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 2,104 |  |  | Templeton hana asset management Co. Ltd.
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  |
Korea Midland Power Co., Ltd. |  | Saemangeum Sebit Power Plant Co., Ltd. |  | Collateralized money invested Guarantees for supplemental funding (*1) |  |  | KRW 27,762 — |  |  | IBK and others
Korea Midland Power Co., Ltd. |  | Yeomsubong Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 871 |  |  | Korea Development Bank
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  |
Korea South-East Power Co., Ltd. |  | Boim Combined Heat and Power Generation Co., Ltd. (formerly, Dayone Energy Co., Ltd.) |  | Collateralized money invested (*3) |  |  | — |  |  | IBK
|  |  |  | Guarantees for supplemental funding and others (*1,4) |  |  | KRW 76,800 |  |  | NH investment & securities Co., Ltd. and others
Korea South-East Power Co., Ltd. |  | RES Technology AD |  | Collateralized money invested |  |  | KRW 14,383 |  |  | UniCredit Bulbank and others
Korea South-East Power Co., Ltd. |  | ASM-BG Investicii AD |  | Collateralized money invested |  |  | KRW 14,739 |  |  | UniCredit Bulbank and others
Korea South-East Power Co., Ltd. |  | Expressway Solar-light Power Generation Co., Ltd. |  | Collateralized money invested (*1) |  |  | KRW 5,187 |  |  | Woori Bank
Korea South-East Power Co., Ltd. |  | Goseong Green Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 287,624 |  |  | Kyobo Life Insurance Co., Ltd. and others
Korea South-East Power Co., Ltd. |  | Gangneung Eco Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 254,929 |  |  | Kyobo Life Insurance Co., Ltd. and others
Korea South-East Power Co., Ltd. |  | PND Solar Co., Ltd. |  | Collateralized money invested |  |  | KRW 1,510 |  |  | IBK
Korea South-East Power Co., Ltd. |  | Hyundai Eco Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 7,947 |  |  | Samsung Life Insurance and others
Korea South-East Power Co., Ltd. |  | Jaeun Resident Wind Power Plant Co., Ltd. |  | Collateralized money invested |  |  | KRW 2,214 |  |  | IBK
Primary guarantor |  | Principal obligor |  | Type of guarantees |  | Credit limit |  |  | Creditor
|  |  |  |  |  | In millions of won and thousands of foreign currencies |  |  |
Korea South-East Power Co., Ltd. |  | Chungsongmeon BongSan wind power Co., Ltd. |  | Collateralized money invested |  |  | KRW 2,665 |  |  | Kyobo Life Insurance Co., Ltd. and others
Korea South-East Power Co., Ltd. |  | Yeongam Solar Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 9,637 |  |  | Kookmin Bank and others
Korea South-East Power Co., Ltd. |  | Samsu Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 3,022 |  |  | Shinhan Bank and others
Korea South-East Power Co., Ltd. |  | Saemangeum Heemang Photovoltaic Co., Ltd. |  | Collateralized money invested |  |  | KRW 14,420 |  |  | Woori Bank and others
Korea South-East Power Co., Ltd. |  | Nepal Water & Energy Development Company Private Limited |  | Collateralized money invested |  |  | USD 97,105 |  |  | International Finance Corporation and others
|  | Business reserve payment guarantee |  |  | USD 33,333 |
Korea Hydro & Nuclear Power Co., Ltd. |  | Noeul Green Energy Co., Ltd. |  | Collateralized money invested |  |  | — |  |  | Hana Bank and others
Korea Hydro & Nuclear Power Co., Ltd. |  | Busan Green Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 3,260 |  |  | Shinhan Bank and others
Korea Hydro & Nuclear Power Co., Ltd. |  | Go deok Clean Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 4,722 |  |  | Kookmin Bank and others
Korea Hydro & Nuclear Power Co., Ltd. |  | Cheong-Song Noraesan Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 3,755 |  |  | Woori Bank and others
Korea Hydro & Nuclear Power Co., Ltd. |  | Gwangyang Green Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 24,638 |  |  | Shinhan Bank and others
Korea Hydro & Nuclear Power Co., Ltd. |  | Gangneung Sacheon Fuel Cell Co., Ltd. |  | Collateralized money invested |  |  | KRW 7,869 |  |  | Hana Bank and others
Korea Hydro & Nuclear Power Co., Ltd |  | Chuncheon Green Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 8,901 |  |  | Hana Bank and others
|  |  |  | Guarantees for supplemental funding (*1) |  |  | — |  |  |
Korea Hydro & Nuclear Power Co., Ltd. |  | Yangyang Suri Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 9,608 |  |  | Kookmin Bank and others
Korea Hydro & Nuclear Power Co., Ltd. |  | Bigeum Resident Photovoltaic Power Co., Ltd. |  | Collateralized money invested |  |  | — |  |  | Kookmin Bank and others
Korea Hydro & Nuclear Power Co., Ltd. |  | Songsan Green Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 8,323 |  |  | Hana Bank
Korea Hydro & Nuclear Power Co., Ltd. |  | Changwon Nu-ri Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 8,026 |  |  | Hana Bank
Korea Hydro & Nuclear Power Co., Ltd. |  | KAS INVESTMENT I LLC |  | Payment guarantees (*13) |  |  | USD 9,770 |  |  | WOORI AMERICA BANK
Korea Hydro & Nuclear Power Co., Ltd. |  | KAS INVESTMENT II LLC |  | Payment guarantees (*13) |  |  | USD 9,730 |  |  | WOORI AMERICA BANK
(*1) | The Company guarantees to provide supplemental funding for business with respect to excessive business expenses or insufficient repayment of borrowings.
(*2) | Samcheok Eco Materials Co., Ltd., an associate of the Company has issued the hybrid bonds. If the bonds are not repaid by December 8, 2026, the parent company and shareholders except the parent company must purchase the bonds from the acquirer. As of December 31, 2023, derivative liabilities of W18,753 million were recognized in relation to this obligation.
(*3) | The Company recognized an impairment loss on all of the equity securities of Generation Co., Ltd. (formerly, Dayone Energy Co., Ltd.) before the prior year, and the acquisition cost of the securities provided as collateral is ￦47,067 million.
(*4) | Pursuant to the guarantee agreement, the Company recognized other provisions of ￦8,418 million as the possibility of economic benefit outflow to fulfill the obligation was deemed probable and the amount could be reasonably estimated.
(*5) | The common stocks of Dongducheon Dream Power Co., Ltd. held by the Company were pledged as collateral.
(*6) | The Company provided a payment guarantee to Jordan Tafila wind power project for opening L/C for Debt Service Reserve Account (DSRA).
(*7) | This includes a guarantee related to L/C for debt repayment allowance provided to DE Energia SpA, a joint venture of the Company.
(*8) | The Company recognized an impairment loss on all of the equity securities of Naepo Green Energy Co., Ltd. before the prior year, and the acquisition cost of the securities provided as collateral is ￦29,200 million.
(*9) | The credit limits of guarantees to RE Holiday Holdings LLC include the credit limits of guarantees to their subsidiaries.
(*10) | The Company, together with other shareholders, has provided a guarantee for the project financing of Pulau Indah Power Plant Sdn. Bhd., by establishing the right of pledge on the shares of Pulau Indah Power Plant Sdn. Bhd.
(*11) | Xe-Pian Xe-Namnoy Power Co., Ltd., an associate of the Company, has entered a contract to pay an incentive type of impounding bonus to SK Eco Plant Co., Ltd. when the Xe-Pian Xe-Na-mnoy Dam is completed. If Xe-Pian Xe-Namnoy Power Co., Ltd. fails to pay SK Eco Plant Co., Ltd., the Company guarantees the payment, and the amount is USD 5,000 thousand .
(*12) | The Company provided a payment guarantee to Chile Kelar project for opening L/C for Debt Service Reserve Account (DSRA), and others.
(*13) | The credit limits of guarantees to KAS INVESTMENT I LLC, KAS INVESTMENT II LLC include the credit limits of guarantees to their subsidiaries.
(*14) | This is an L/C opening guarantee for the performance of each contract in relation to the power sales contract and gas supply contract of South Jamaica Power Company Limited, a joint venture of the Company.
(*15) | The Company has entered into an agreement to settle and pay the estimated loss amount in case damages occur in relation to the fulfillment of the mandatory supply volume according to the mandatory supply agreement for coal ash.
(8) | Guarantees received from related parties as of December 31, 2023 are as follows :
Primary Guarantor |  | Type of guarantees |  |  |  |  | Credit limit |
KAPES, Inc. |  | Defect guarantees |  | ￦ |  |  |  |  | 17,558 |
|  | Performance guarantees |  |  |  |  |  |  | 6,229 |
|  | Advance payment guarantee |  |  |  |  |  |  | 135,598 |
(9) | Derivatives transactions with related parties as of December 31, 2023 are as follows:
| (i) | Currency Swap
Counterparty |  | Contract year |  |  |  |  |  | Contract amounts |  |  | Contract interest rate per annum |  |  |  |  |  | Contract exchange rate (in won) |
|  |  |  | Pay |  |  | Receive |  |  | Pay |  |  | Receive |
|  | In millions of won and thousands of foreign currencies except contract exchange rate information |
Korea Development Bank |  |  | 2019~2024 |  |  | ￦ |  |  |  |  | 177,600 |  |  |  | USD 150,000 |  |  |  | 1.24 | % |  |  | 2.50 | % |  | ￦ |  |  |  |  | 1,184.00 |
|  |  | 2020~2025 |  |  |  |  |  |  |  | 241,320 |  |  |  | USD 200,000 |  |  |  | 0.54 | % |  |  | 1.13 | % |  |  |  |  |  |  | 1,206.60 |
|  |  | 2021~2026 |  |  |  |  |  |  |  | 118,170 |  |  |  | USD 100,000 |  |  |  | 1.11 | % |  |  | 1.13 | % |  |  |  |  |  |  | 1,181.70 |
|  |  | 2022~2026 |  |  |  |  |  |  |  | 283,820 |  |  |  | USD 200,000 |  |  |  | 4.67 | % |  |  | 5.38 | % |  |  |  |  |  |  | 1,419.10 |
|  |  | 2022~2028 |  |  |  |  |  |  |  | 283,820 |  |  |  | USD 200,000 |  |  |  | 5.12 | % |  |  | 5.50 | % |  |  |  |  |  |  | 1,419.10 |
|  |  | 2023~2026 |  |  |  |  |  |  |  | 256,000 |  |  |  | USD 200,000 |  |  |  | 4.04 | % |  |  | 5.38 | % |  |  |  |  |  |  | 1,280.00 |
|  |  | 2015~2025 |  |  |  |  |  |  |  | 111,190 |  |  |  | USD 100,000 |  |  |  | 2.62 | % |  |  | 3.25 | % |  |  |  |  |  |  | 1,111.90 |
|  |  | 2017~2027 |  |  |  |  |  |  |  | 111,610 |  |  |  | USD 100,000 |  |  |  | 2.31 | % |  |  | 3.13 | % |  |  |  |  |  |  | 1,116.10 |
|  |  | 2018~2028 |  |  |  |  |  |  |  | 108,600 |  |  |  | HKD 800,000 |  |  |  | 2.69 | % |  |  | 3.35 | % |  |  |  |  |  |  | 135.75 |
|  |  | 2019~2027 |  |  |  |  |  |  |  | 119,978 |  |  |  | CHF 100,000 |  |  |  | 1.43 | % |  |  | 0.05 | % |  |  |  |  |  |  | 1,199.78 |
|  |  | 2021~2026 |  |  |  |  |  |  |  | 111,400 |  |  |  | USD 100,000 |  |  |  | 0.93 | % |  |  | 1.25 | % |  |  |  |  |  |  | 1,114.00 |
|  |  | 2022~2027 |  |  |  |  |  |  |  | 262,000 |  |  |  | USD 200,000 |  |  |  | 3.63 | % |  |  | 4.25 | % |  |  |  |  |  |  | 1,310.00 |
|  |  | 2020~2026 |  |  |  |  |  |  |  | 118,910 |  |  |  | USD 100,000 |  |  |  | 0.61 | % |  |  | 1.00 | % |  |  |  |  |  |  | 1,189.10 |
|  |  | 2021~2026 |  |  |  |  |  |  |  | 114,230 |  |  |  | USD 100,000 |  |  |  | 1.27 | % |  |  | 1.25 | % |  |  |  |  |  |  | 1,142.30 |
|  |  | 2022~2027 |  |  |  |  |  |  |  | 123,710 |  |  |  | USD 100,000 |  |  |  | 3.41 | % |  |  | 3.63 | % |  |  |  |  |  |  | 1,237.10 |
|  |  | 2022~2025 |  |  |  |  |  |  |  | 128,560 |  |  |  | USD 100,000 |  |  |  | 3.37 | % |  |  | 4.13 | % |  |  |  |  |  |  | 1,285.60 |
|  |  | 2020~2025 |  |  |  |  |  |  |  | 122,780 |  |  |  | USD 100,000 |  |  |  | 0.93 | % |  |  | 1.75 | % |  |  |  |  |  |  | 1,227.80 |
|  |  | 2022~2025 |  |  |  |  |  |  |  | 252,360 |  |  |  | USD 200,000 |  |  |  | 2.83 | % |  |  | 3.60 | % |  |  |  |  |  |  | 1,261.80 |
|  |  | 2023~2028 |  |  |  |  |  |  |  | 129,500 |  |  |  | USD 100,000 |  |  |  | 3.85 | % |  |  | 4.88 | % |  |  |  |  |  |  | 1,295.00 |
| (ii) | Currency forward
In millions of won and thousands of foreign currencies except contract exchange rate information
Counterparty |  | Contract date |  |  | Maturity date |  |  |  |  |  | Contract amounts |  |  |  |  |  | Contract exchange rate (in won) |
|  |  |  | Pay |  |  | Receive |
Korea Development Bank |  |  | 2023.12.20 |  |  |  | 2024.01.15 |  |  | ￦ |  |  |  |  | 10,383 |  |  |  | USD 8,000 |  |  | ￦ |  |  |  |  | 1,297.90 |
|  |  | 2023.12.01 |  |  |  | 2024.01.15 |  |  |  |  |  |  |  | 14,303 |  |  |  | USD 11,000 |  |  |  |  |  |  |  | 1,300.30 |
|  |  | 2023.12.15 |  |  |  | 2024.02.14 |  |  |  |  |  |  |  | 11,617 |  |  |  | USD 9,000 |  |  |  |  |  |  |  | 1,290.80 |
(10) | The Company considers all standing directors of the Board who serve as executive officers responsible for planning, operations and/or control of business activities, as key management personnel, except a standing director who is a member of the Audit Committee. The Company recorded salaries and other compensations related to the key management personnel as follows:
Type |  |  |  |  | 2021 |  |  | 2022 |  |  | 2023 |
|  |  |  |  | In millions of won |
Salaries |  | ￦ |  |  |  |  | 1,272 |  |  |  | 1,026 |  |  |  | 866 |
Retirement benefits |  |  |  |  |  |  | 21 |  |  |  | 58 |  |  |  | 33 |
|  | ￦ |  |  |  |  | 1,293 |  |  |  | 1,084 |  |  |  | 899 |

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