(주)예스코

What (주)예스코 does

YESCO Co., Ltd. ((주)예스코) is a Korea-based regulated city gas utility operating under an exclusive franchise that spans 10 Seoul districts and 5 cities/counties in northern Gyeonggi Province, serving approximately 1.45 million households. The company traces its origin to 1981 (as 극동도시가스), commenced city gas operations in 1983, converted its supply base from manufactured gas to LNG in 1987, and was renamed (주)예스코 in 2006. YESCO has been part of LS Group since 2004 and became a subsidiary of the holding entity (주)예스코홀딩스 in April 2018.

The core business is the procurement, distribution, and retail sale of natural gas through a buried pipeline network built over four decades, complemented by ancillary lines: gas cooling / absorption chilling (GHP), fuel cell power generation, CNG refueling stations, gas appliance sales, and bio-gas supply that supports carbon-neutrality objectives. Operations are supported by proprietary systems including SCADA for pipeline supervision, S-GIS for geographic asset management, S-Mobil for field workforce dispatch, and an Emergency Vehicle Tracking platform — collectively enabling centralized monitoring, leak detection, and rapid response across the licensed territory.

YESCO generates revenue primarily through regulated volumetric tariffs on gas sales to residential, commercial, and industrial customers within its franchise area, supplemented by sales from CNG refueling, fuel cell electricity, gas appliances, and contracting services. The firm carries a NICE credit rating of AA- (as of June 2025), reported 2025 revenue of 11,874억 KRW (~US$887M), operating profit of 207억 KRW, net income of 179억 KRW, and total assets of 8,686억 KRW.

Name

(주)예스코

Legal name

주식회사 예스코

Website

https://lsyesco.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

11–50 employees

Short description

YESCO Co., Ltd. is a Korea-based regulated city gas utility that supplies natural gas to approximately 1.45 million households across 10 Seoul districts and 5 northern Gyeonggi cities/counties, and operates ancillary businesses in fuel cells, CNG refueling, gas cooling, and bio-gas.

Ownership category

akta.pro rank

Product category

City Gas Distribution / Natural Gas Utility

NAICS

Natural Gas Distribution (221210), Natural Gas Distribution (2212)

SIC

Natural Gas Distribution (4924), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Local Distribution Company (LDC) Natural Gas Distribution Utilities (TLAGADAA)

akta.pro secondary industries

Industrial CNG/LNG Supply & Distribution (Virtual Pipelines, Trucking, Satellite Storage) (EUALALAA), CNG/LNG Refueling for Industrial Fleets (Private Stations, Yard Fueling) (EUALALAK), Captive & Embedded Gas-Fired Power Generation (Industrial/Commercial CHP) (EUALALAB)

Keywords

• City gas distribution
• Natural gas utility
• CNG refueling
• Gas appliance sales
• Energy distribution services

Headquarters

HQ city

Seoul (성동구)

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure, Personnel, Operations, Technology or R&D

Revenue model

1. 도시가스 공급 (City Gas Supply): 핵심 수익원으로 서울 및 경기도 지역에 도시가스를 배관망을 통해 공급. 사용량 기반 요금 모델로 기본요금과 사용요금(열량단가 기준)으로 구성. 주택용, 업무용, 산업용 등 용도별差异化 요금 체계 적용. 2024년 기준 수요 가구 1,451,798세대.
2. 가스냉방사업 (Gas Cooling): Gasp absorption cooling systems (흡수식 냉온수기, GHP) 설치 및 운영. 여름철 전력 수요 절감 수요 대응.冷방기간(5~9월) 할인요금 적용으로 연간 40% 이상 운전비 절감 제안.
3. 연료전지사업 (Fuel Cell): 수소와 산소의 화학적 에너지를 직접 전기 에너지로 변환하는 연료전지 시스템 도입 검토. 지역생산·지역소비 분산형 에너지로 기존 발전 대비 대기오염물질 저감.
4. CNG사업 (Compressed Natural Gas): 천연가스를 200~250kg/cm² 고압으로 압축하여 CNG 충전소 통해 천연가스 자동차에 충전하는 사업. 다수의 CNG 충전소 운영 (정릉동, 면목동, 신내동, 덕소 등).
5. 가스기기사업 (Gas Appliances): 가스냉난방기기(GHP, 흡수식 냉온수기) 판매 및 설치. 정부 가스냉방 지원제도를 통해 보조금 지급 대상 시설 확대.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

YESCO is a city gas utility that distributes natural gas (LNG received from Korea Gas Corporation) through underground pipeline networks to approximately 1.45 million residential, commercial, and industrial customers across 10 Seoul districts and 5 cities/counties in northern Gyeonggi Province. The core city gas supply service (도시가스사업) is supplemented by four ancillary businesses: fuel cell power generation (연료전지사업), gas cooling/heating (가스냉방사업 via GHP and absorption chillers), CNG vehicle refueling (CNG사업), and gas appliance sales and installation (가스기기사업). Revenue is primarily generated through usage-based monthly gas billing using a tiered rate structure differentiated by customer type (residential/commercial/industrial), season, and region.

Product overview

(주)예스코 is a city gas utility company operating as a subsidiary of LS Holdings, supplying natural gas to approximately 1.45 million households across Seoul and northern Gyeonggi Province. Its core offering is the city gas distribution service (도시가스사업), which is supported by four complementary business segments: fuel cell power generation (연료전지사업), gas cooling/heating systems (가스냉방사업), CNG vehicle refueling (CNG사업), and gas appliance sales/maintenance (가스기기사업). On the customer-facing digital side, the company offers the 예스코톡 smart billing notification service via KakaoTalk, a self-meter reading service, the 예스코 비즈플랫폼 web portal for construction contractors to submit supply applications, and online gas connection/removal and move-in/out services. Internally, it operates technology systems including S-GIS (geographic information), S-Mobil (mobile field operations), SCADA (central control monitoring), and an emergency vehicle tracking system. The company does not offer a public API.

Differentiator

Problem solved

Functional benefit

Brands

• 예스코톡: 스마트 요금 고지서 및 알림 서비스 플랫폼 for city gas customers.

Products and services

• City Gas Distribution Service (도시가스사업) Core city gas distribution service supplying natural gas (LNG) to approximately 1.45 million residential, commercial, and industrial customers across 10 Seoul districts and 5 cities/counties in northern Gyeonggi Province. Includes monthly usage-based billing, meter reading, safety inspections, and emergency response services.
• Gas Cooling / Heating Business (가스냉방사업) Gas cooling and heating systems including absorption chillers and Gas Engine-driven Heat Pumps (GHP). Targets commercial and industrial facilities over 130 pyeong, with government subsidy support available. Reduces summer peak electricity demand and offers 40%+ annual operating cost savings during cooling season (May-September).
• CNG Refueling Station Business (CNG사업) Compressed natural gas refueling station business supplying CNG to natural gas-powered vehicles (buses, commercial vehicles). Operates multiple CNG stations across Seoul and Gyeonggi areas with rapid fill, time fill, and cascade charging systems.
• Fuel Cell Business (연료전지사업) Fuel cell power generation business converting hydrogen and oxygen from city gas, LPG, or biogas into electrical energy. Distributed residential and commercial power generation with electrical efficiency of 30-40% (up to 80%+ with heat recovery) and no air pollutants.
• Gas Appliance Business (가스기기사업) Sales, installation, and maintenance of gas appliances including gas stoves, boilers, and absorption chillers for residential and commercial customers. Government subsidy support available for gas cooling installations.
• YESCO Biz Platform (예스코 비즈플랫폼) B2B web portal for certified construction companies (시공업체) to submit new city gas supply applications, track supply requests, and manage project applications on behalf of customers. Centralizes the B2B application channel between contractors and YESCO's gas distribution franchise.

Quantifiable outcome

• 매년 약 8,000tCO2eq 온실가스 저감 (바이오가스 도시가스 공급)
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• 주식회사 예스코홀딩스 (예스코홀딩스)coreStrategic or Co-development Partner · 1 April 20182018년 4월 지주회사 예스코홀딩스가 출범하고 예스코를 자회사로 편입. LS그룹 산하 도시가스 사업자로서 그룹 시너지 효과 창출.
• LS그룹 계열사 (LS전선, LS ELECTRIC, LS-Nikko 동제련, LS엠트론, E1, 가온전선)coreStrategic or Co-development PartnerLS그룹 산하 다수 계열사와 협력관계를 유지하며 그룹 공동 Marketing 및 경영资源共享.
• 한국가스공사 (KOGAS)coreTechnology or Integration천연가스(LNG) 공급 및 도시가스 원료供應. 가스안전 관련 협력 및 물질안전보건자료(MSDS) 제공. 굴착공사정보지원센터(1644-0001)를 통한 가스배관 위치 정보 공유.
• 신한카드 (Shinhan Card)minorChannel Partner/ Reseller/ Distributor신한 신한 플레이 앱에서 도시가스 요금 고지서 확인, 자동이체 및 즉시 납부 서비스 제공. MY BILL & PAY 서비스 연계.
• 한국가스안전공사coreStrategic or Co-development Partner가스안전 관련 기술협력 및 안전점검 체계 구축. 굴착공사 신고안내(EOCS) 통해 가스배관 안전관리 협력.
• 서울소방재난본부minorStrategic or Co-development Partner소방재난본부 종합재난관리 시스템과 연동하여 비상 상황 공유 및 공동 대응 체계 구축. 긴급출동과 사고 확산 예방 협력.
• 대진여객, 북부운수, 중랑공용차고지, 대원교통 등 CNG 충전소 사업자minorStrategic or Co-development PartnerCNG 충전소 위탁 운영. 대진여객(정릉동), 북부운수(면목동), 중랑공용차고지(신내동), 대원교통(덕소) 등 CNG 충전소 통해 천연가스 버스 연료 공급.

Scale indicators9 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• SK Energy: Major Korean energy company with city gas and downstream energy operations. Comparable as a broader energy market participant with overlapping gas distribution interests, though operating at much larger scale.
• E1 Corporation: LPG and energy company affiliated with LS Group (YESCO's parent), providing adjacent energy distribution services. Comparable as a sister company in the LS Group energy portfolio with overlapping customer segments.
• KOGAS (Korea Gas Corporation): Korea's national gas company and YESCO's sole supplier. While not a distribution LDC, KOGAS is materially comparable as the upstream natural gas infrastructure operator with broader mandates across LNG import, transmission, and gas sector coordination.

Direct peers

• Korea City Gas: Major Korean city gas distribution utility supplying residential and industrial customers across multiple regions. Direct peer in business model (LDC city gas distribution) and customer segments.
• Seoul City Gas: One of Korea's largest city gas distribution utilities, also serving Seoul-area customers. Directly comparable as a city gas LDC operating under the same regulatory framework with similar residential, commercial, and industrial customer mix.
• Gyeonggi Energy: City gas distribution utility serving Gyeonggi Province with overlapping territory to YESCO's northern Gyeonggi franchise. Comparable LDC business model with residential and commercial customer focus.

Regional players

• Pusan City Gas: City gas distribution company serving the Busan metropolitan area. Comparable as a regional LDC utility with similar regulatory framework and customer mix.
• Daegu City Gas: City gas distribution utility serving the Daegu region in Korea. Comparable LDC business model addressing residential and industrial gas demand, though geographically separate from YESCO's Seoul/Gyeonggi territory.
• Chungcheong Energy: City gas utility serving the Chungcheong region. Comparable Korean LDC business model with residential, commercial, and industrial gas distribution.
• Incheon City Gas: City gas LDC serving the Incheon metropolitan area. Comparable as a Korean city gas utility with similar regulated franchise model, though operating in a different geographic region than YESCO.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/-%EC%A3%BC-%EC%98%88%EC%8A%A4%EC%BD%94

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about (주)예스코