Power losses
Published: 22 Aug. 2023, 18:06
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- LEE JAE-LIM
- lee.jaelim@joongang.co.kr
![A smart meter is pictured in a residential area in Seoul. Korea Electric Power Corporation’s debt hit a record-high figure of 201.4 trillion won ($150.6 billion) until June, according to the corporation on Tuesday. It’s anticipated that the corporation will also face operating losses amounting to trillions of won this year. The government is contemplating raising the utility bills to lessen the debt load but being prudent as it already raised the price by 40 percent on year. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2023/08/22/c76e02a0-026a-4b44-8304-af69f03e3712.jpg)
A smart meter is pictured in a residential area in Seoul. Korea Electric Power Corporation’s debt hit a record-high figure of 201.4 trillion won ($150.6 billion) until June, according to the corporation on Tuesday. It’s anticipated that the corporation will also face operating losses amounting to trillions of won this year. The government is contemplating raising the utility bills to lessen the debt load but being prudent as it already raised the price by 40 percent on year. [YONHAP]
BY LEE JAE-LIM [lee.jaelim@joongang.co.kr]
with the Korea JoongAng Daily
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