Korea Electric CEO Kim to Resign Two Years Before End of Term

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Korea Electric Power Corp. Chief Executive Officer Kim Joong Kyum will resign from the country’s monopoly power distributor today, two years before the end of his tenure.

Kim “will work as usual until today,” according to a text message from the Seoul-based utility, known as Kepco. The message didn’t give a reason for Kim’s departure and there will be no company event for him.