 The move, which has been in the works for years has been controversial Jong-Kap Kim is the president and CEO of KEPCO.KEPCO traces its origins to "Hanseong Jeongi Hoesa" (Seoul Electric Company), founded in 1898 during the Joseon Dynasty.The announcement of the Chōsen Electricity Control Decree by the Colonial Korean government in March 1943 saw the integration of several electric companies into the Korea Electric Power Company.