Korea Electric Power shares close down 9.8 percent on earnings shock

Korea Electric Power shares closed down 9.79 percent at 27,650 won on Friday after third quarter operating profit fell 70.9 percent to 1.6441 trillion won, missing consensus by more than a third, as war driven fuel costs reached the state utility's earnings.

Why it matters: KEPCO is South Korea's state power utility, and the lag between its fuel costs and its regulated tariffs is the channel through which Middle East energy prices pass into Korean electricity costs, corporate margins and inflation.

Data as of Yonhap report of November 13, 2026, in Korean, read in full via the estate browser route; Korea Electric Power announced its third quarter results on November 12, 2026. Developing item.

Korea Electric Power (KEPCO) closed at 27,650 won on the Korea Exchange on Friday, down 9.79 percent, after falling as much as 10.6 percent to a new 52 week low of 27,400 won during the session. The fall followed third quarter results announced on Thursday: operating profit of 1.6441 trillion won, down 70.9 percent year on year and 37.9 percent below the market consensus of 2.6486 trillion won.

Yonhap attributed the miss to higher fuel prices caused by the Middle East war flowing into KEPCO’s costs with a time lag from the third quarter. Securities firms cut their target prices after the results: DS Investment and Securities to 31,000 won from 33,000 won, NH Investment and Securities to 44,000 won from 55,000 won, Samsung Securities to 43,000 won from 52,000 won and Yuanta Securities to 43,000 won from 47,000 won.

Korea Electric Power shares close down 9.8 percent on earnings shock

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