KOPEC Marches toward
Goal of Being World-Class Co.

CEO Song calls for his staff to achieve 'Dream 2010'

KOPEC (Korea Power Engineering Company, Inc.), specializing in developing and designing nuclear power plants, will accelerate its efforts to explore new businesses and overseas markets this year.
KOPEC CEO and President Song In-hoe said in his New Year's message, "KOPEC will continue to march toward becoming a world-class company by pursuing continuous management innovation and technology upgrades and providing top-rated technology services to our customers."He went on by saying that his company will strive not only to develop such new projects as PM/CM, new and renewable energy and Operation & Maintenance projects, but will work to obtain original technologies and improve technological capabilities in order to achieve the so-called Dream 2010, its development strategy. In a ceremony held last October to celebrate the 32nd anniversary of the company's founding, KOPEC introduced its new management roadmap, Dream 2010, designed to upgrade its standing.
The management roadmap calls for the achievement of specific targets: Posting 430 billion won in sales, topping the customer satisfaction survey, raising key technology competitiveness by 15 percent and ranking first in the management performance assessment among power companies.
Looking back at 2007, Song recalled that it was a significant year for KOPEC. He cited that KOPEC established a system for pursuing a creative management strategy by implementing such things as reorganizing his operations in order to build up a responsible management regime, upgrading a performance-based management system, designing a career development system, introducing a long-term management forecasting system and building up an innovative and strategic task management system. The company also declared the launch of a new labor-management culture by holding the "KOPEC Family One Mind Rally 2007."KOPEC also had a winning track record. This past October, the company won the Korea Management Award Technology Innovation Grand Prix from the Korea Management Association Consulting in recognition for making engineering innovations for nuclear power plants through computer integrated engineering (CIE). For its latest feat, KOPEC was awarded the 2007 Labor-Management Culture Grand Prize by the Ministry of Labor on Dec. 17 in recognition for translating amicable labor-management relations into action. nw

KOPEC President & CEO Song In-hoe

KOPEC as Project Consultant

Korea Power Engineering Co. took part in a ground-breaking ceremony on April 23 for the Dangjin Steel Mill Thermal Power Plant to be built at Hyundai Steel's Dangjin Steel Mill in Dangjin County, South Chungcheong Province.
A number of dignitaries taking part in the ceremony included the project manager, President Song In-hoe of KOPEC and the CEOs of Korea Midland Power and Hyundai Green Power, both of which will participate in the project.
The Dangjin Steel Thermal Power Plant will generate power by using byproducts from the two new blast furnaces currently being built at Hyundai Steel's Dangjin Steel Mill. A total of four 100MW power stations will be built at a cost of 546.5 billion won.
For its part in the project, KOPEC will provide concept design and support services for the client. The first and second phases of the project are scheduled for completion in March 2010 and December 2010.
The project is expected to result in the operation of an environmentally friendly power plant with resource recycling using clean and highly cost-effective fuel. It will also adhere to Korea's new renewable energy policy and significantly help Korea meet the UNFCCC (United Nations Framework Convention on Climate Change) guidelines as well by implementing the CDW project for using byproduct gases.
In the meantime, KOPEC was awarded a contract by POSCO Engineering and Construction Co. for the general engineering services of the POSCO Power Combined Cycle Power Plant Units 5 & 6 on April 17. nw