EXHIBIT 8.1
LIST OF SUBSIDIARIES
| Consolidated subsidiaries |
Jurisdiction of Incorporation | |||
| 1. | Korea Hydro & Nuclear Power Co., Ltd. | KOREA | ||
| 2. | Korea South-East Power Co., Ltd. | KOREA | ||
| 3. | Korea Midland Power Co., Ltd. | KOREA | ||
| 4. | Korea Western Power Co., Ltd. | KOREA | ||
| 5. | Korea Southern Power Co., Ltd. | KOREA | ||
| 6. | Korea East-West Power Co., Ltd. | KOREA | ||
| 7. | KEPCO Engineering & Construction Company, Inc. | KOREA | ||
| 8. | KEPCO Plant Service & Engineering Co., Ltd. | KOREA | ||
| 9. | KEPCO Nuclear Fuel Co., Ltd. | KOREA | ||
| 10. | KEPCO KDN Co., Ltd. | KOREA | ||
| 11. | KEPCO International HongKong Ltd. | HONG KONG | ||
| 12. | KEPCO International Philippines Inc. | PHILIPPINES | ||
| 13. | KEPCO Gansu International Ltd. | HONG KONG | ||
| 14. | KEPCO Philippines Holdings Inc. | PHILIPPINES | ||
| 15. | KEPCO Philippines Corporation | PHILIPPINES | ||
| 16. | KEPCO Ilijan Corporation | PHILIPPINES | ||
| 17. | KEPCO Lebanon SARL | LEBANON | ||
| 18. | KEPCO Neimenggu International Ltd. | HONG KONG | ||
| 19. | KEPCO Shanxi International Ltd. | HONG KONG | ||
| 20. | KOMIPO Global Pte Ltd. | SINGAPORE | ||
| 21. | KEPCO Netherlands B.V. | NETHERLANDS | ||
| 22. | KEPCO Australia Pty., Ltd. | AUSTRALIA | ||
| 23. | KOSEP Australia Pty., Ltd. | AUSTRALIA | ||
| 24. | KOMIPO Australia Pty., Ltd. | AUSTRALIA | ||
| 25. | KOWEPO Australia Pty., Ltd. | AUSTRALIA | ||
| 26. | KOSPO Australia Pty., Ltd. | AUSTRALIA | ||
| 27. | KEPCO Middle East Holding Company | BAHRAIN | ||
| 28. | Qatrana Electric Power Company | JORDAN | ||
| 29. | KHNP Canada Energy Ltd. | CANADA | ||
| 30. | KEPCO Bylong Australia Pty., Ltd. | AUSTRALIA | ||
| 31. | Korea Waterbury Uranium Limited Partnership | CANADA | ||
| 32. | KEPCO Holdings de Mexico | MEXICO | ||
| 33. | KST Electric Power Company, S.A.P.I. de C.V. | MEXICO | ||
| 34. | KEPCO Energy Service Company | MEXICO | ||
| 35. | KEPCO Netherlands S3 B.V. | NETHERLANDS | ||
| 36. | PT. KOMIPO Pembangkitan Jawa Bali | INDONESIA | ||
| 37. | PT. Cirebon Power Service | INDONESIA | ||
| 38. | KOWEPO International Corporation | PHILIPPINES | ||
| 39. | KOSPO Jordan LLC | JORDAN | ||
| 40. | EWP America Inc. | USA | ||
| 41. | EWP Renewable Corporation | USA | ||
| 42. | KNF Canada Energy Limited | CANADA | ||
| 43. | EWP Barbados 1 SRL | BARBADOS | ||
| 44. | California Power Holdings, LLC | USA | ||
| 45. | Gyeonggi Green Energy Co., Ltd. | KOREA | ||
| 46. | PT. Tanggamus Electric Power | INDONESIA | ||
| 47. | Gyeongju Wind Power Co., Ltd. | KOREA | ||
| 48. | KOMIPO America Inc. | USA | ||
| 49. | PT. EWP Indonesia | INDONESIA |
| Consolidated subsidiaries |
Jurisdiction of Incorporation | |||
| 50. | KEPCO Netherlands J3 B.V. | NETHERLANDS | ||
| 51. | Korea Offshore Wind Power Co., Ltd. | KOREA | ||
| 52. | Global One Pioneer B.V. | NETHERLANDS | ||
| 53. | Global Energy Pioneer B.V. | NETHERLANDS | ||
| 54. | Mira Power Limited | PAKISTAN | ||
| 55. | KOSEP Material Co., Ltd. | KOREA | ||
| 56. | Commerce and Industry Energy Co., Ltd. | KOREA | ||
| 57. | KEPCO KPS Philippines Corp. | PHILIPPINES | ||
| 58. | KOSPO Chile SpA | CHILE | ||
| 59. | PT. KOWEPO Sumsel Operation And Maintenance Services | INDONESIA | ||
| 60. | Hee Mang Sunlight Power Co., Ltd. | KOREA | ||
| 61. | Fujeij Wind Power Company | JORDAN | ||
| 62. | KOSPO Youngnam Power Co., Ltd. | KOREA | ||
| 63. | Chitose Solar Power Plant LLC | JAPAN | ||
| 64. | KEPCO Energy Solution Co., Ltd. | KOREA | ||
| 65. | KEPCO Solar Co., Ltd. | KOREA | ||
| 66. | KOSPO Power Services Ltda. | CHILE | ||
| 67. | Energy New Industry Specialized Investment Private Investment Trust | KOREA | ||
| 68. | KOEN Bylong Pty., Ltd. | AUSTRALIA | ||
| 69. | KOMIPO Bylong Pty., Ltd. | AUSTRALIA | ||
| 70. | KOWEPO Bylong Pty., Ltd. | AUSTRALIA | ||
| 71. | KOSPO Bylong Pty., Ltd. | AUSTRALIA | ||
| 72. | EWP Bylong Pty., Ltd. | AUSTRALIA | ||
| 73. | KOWEPO Lao International | LAOS | ||
| 74. | KEPCO US Inc. | USA | ||
| 75. | KEPCO Mangilao Holdings LLC | USA | ||
| 76. | Mangilao Investment LLC | USA | ||
| 77. | KEPCO Mangilao Solar, LLC | USA | ||
| 78. | Jeju Hanlim Offshore Wind Co., Ltd. | KOREA | ||
| 79. | PT. Siborpa Eco Power | INDONESIA | ||
| 80. | BSK E-New Industry Fund VII | KOREA | ||
| 81. | e-New Industry LB Fund 1 | KOREA | ||
| 82. | Songhyun e-New Industry Fund | KOREA | ||
| 83. | BSK E-New Industry Fund X | KOREA | ||
| 84. | PT. Korea Energy Indonesia | INDONESIA | ||
| 85. | KOLAT SpA | CHILE | ||
| 86. | KEPCO California, LLC | USA | ||
| 87. | KEPCO Mojave Holdings, LLC | USA | ||
| 88. | Incheon Fuel Cell Co., Ltd. | KOREA | ||
| 89. | KOEN Service Co., Ltd. | KOREA | ||
| 90. | KOMIPO Service Co., Ltd. | KOREA | ||
| 91. | KOWEPO Service Co., Ltd. | KOREA | ||
| 92. | KOSPO Service Co., Ltd. | KOREA | ||
| 93. | EWP Service Co., Ltd. | KOREA | ||
| 94. | PT. KOMIPO Energy Indonesia | INDONESIA | ||
| 95. | KNF Partners Co., Ltd. | KOREA | ||
| 96. | KOSPO USA Inc. | USA | ||
| 97. | Nambu USA LLC | USA | ||
| 98. | Tamra Offshore Wind Power Co., Ltd. | KOREA | ||
| 99. | KEPCO MCS Co., Ltd. | KOREA | ||
| 100. | KEPCO FMS Co., Ltd. | KOREA | ||
| 101. | Firstkeepers Co., Ltd. | KOREA | ||
| 102. | Secutec Co., Ltd. | KOREA |
| Consolidated subsidiaries |
Jurisdiction of Incorporation | |||
| 103. | SE Green Energy Co., Ltd. | KOREA | ||
| 104. | Mangilao Intermediate Holdings LLC | USA | ||
| 105. | KEPCO CSC Co., Ltd. | KOREA | ||
| 106. | KOAK Power Limited | PAKISTAN | ||
| 107. | KOMIPO Europe B.V. | NETHERLANDS | ||
| 108. | Haenanum Energy Fund | KOREA | ||
| 109. | Paju Ecoenergy Co., Ltd. | KOREA | ||
| 110. | Guam Ukudu Power LLC | USA | ||
| 111. | K-SOLAR SHINAN Co., Ltd. (formerly, TS Energy No. 25 Co., Ltd.) | KOREA | ||
| 112. | KPS Partners Co., Ltd. | KOREA | ||
| 113. | KEPCO E&C Service Co., Ltd. | KOREA | ||
| 114. | Moha solar Co., Ltd. | KOREA | ||
| 115. | Ogiri Solar Power Co., Ltd. | KOREA | ||
| 116. | KHNP USA LLC | USA | ||
| 117. | KOMIPO Vanphong Power Service LLC | VIETNAM | ||
| 118. | Energy Innovation Fund I | KOREA | ||
| 119. | KHNP Chile SpA | CHILE | ||
| 120. | Yeong Yang Apollon Photovoltaic Co., Ltd. | KOREA | ||
| 121. | Yeong Yang Corporation Co., Ltd. | KOREA | ||
| 122. | SolarVader Co., Ltd. | KOREA | ||
| 123. | Yeong Yang Innovation Co., Ltd. | KOREA | ||
| 124. | Yeong Yang Horus Photovoltaic Co., Ltd. | KOREA | ||
| 125. | Yeong Yang Solar Management Co., Ltd. | KOREA | ||
| 126. | LSG Hydro Power Limited | PAKISTAN | ||
| 127. | KOEN Bio Co., Ltd. | KOREA | ||
| 128. | KOMIPO Energy Solution America, LLC | USA | ||
| 129. | Elara Investment Holdings, LLC | USA | ||
| 130. | Elara Equity Holdings, LLC | USA | ||
| 131. | Elara Class B Holdings, LLC | USA | ||
| 132. | Elara Class B Member, LLC | USA | ||
| 133. | Elara Development Holdings, LLC | USA | ||
| 134. | KOMIPO Development, LLC (formerly, Elara Development, LLC) |
USA | ||
| 135. | Elara Energy Holdings, LLC | USA | ||
| 136. | Elara Energy Project, LLC | USA | ||
| 137. | KOMIPO Iberian Solar Group, S.L.U. | SPAIN | ||
| 138. | Jeongam Wind Power Co., Ltd. | KOREA | ||
| 139. | KOWEPO Europe B.V. | NETHERLANDS | ||
| 140. | CVS Equity Holdings, LLC | USA | ||
| 141. | CVS Class B Holdings, LLC | USA | ||
| 142. | CVS Development Holdings, LLC | USA | ||
| 143. | CVS Development, LLC | USA | ||
| 144. | CVS Class B Member, LLC | USA | ||
| 145. | CVS Energy Holdings, LLC | USA | ||
| 146. | Concho Valley Energy, LLC | USA | ||
| 147. | Concho Valley Solar, LLC | USA | ||
| 148. | Yeongdeok Sunrise Wind Power Co., Ltd. | KOREA | ||
| 149. | KHNP Spain, S.L. | SPAIN | ||
| 150. | UI Carbon-Neutrality Fund | KOREA | ||
| 151. | KA Power Limited | PAKISTAN | ||
| 152. | Western Power Changgi Solar Co., Ltd. | KOREA | ||
| 153. | EWP Australia Pty., Ltd. |
AUSTRALIA | ||
| 154. | Columboola Solar Farm Hold Co Pty., Ltd. |
AUSTRALIA | ||
| 155. | Digital Innovation Growth Fund |
KOREA |
| Consolidated subsidiaries |
Jurisdiction of Incorporation | |||
| 156. | J Wind First, LLC |
KOREA | ||
| 157. | KEPCO Holding Company |
SAUDI ARABIA | ||
| 158. | KEPCO for Power Company |
SAUDI ARABIA | ||
| 159. | KEPCO for Maintenance Company |
SAUDI ARABIA | ||
| 160. | KOSPO Trumbull LLC |
USA | ||
| 161. | Changjuk Wind Power Co., Ltd. |
KOREA |
All of the foregoing entities do business under their respective names set forth above.