Korea Joongang Daily
Korea JoongAng Daily

Energy minister eyes differential tariffs on electricity to spur regional development

Minister of Climate, Energy and Environment Kim Sung-whan said Monday that differential electricity tariffs would serve as leverage to encourage companies to relocate to Korea's provincial regions, contributing to regional development.

2026-02-10

52 executives indicted for fixing prices of flour, sugar, electrical parts

The prosecution said Monday it has indicted 52 executives at a dozen companies since last September on charges of collusion in fixing flour and sugar prices, as well as for rigging bids for electrical components.

2026-02-02

Gyeonggi gov't, Kepco sign MOU to build underground power grid for SK hynix's chip fab

SK hynix cleared a key hurdle for its Yongin semiconductor industrial complex on Thursday as local authorities agreed on a plan that will secure the full 5.5 gigawatts of power required for the chip giant's project.

2026-01-22

On high alert

Officials monitor power supply and demand in real time at the grid operations center of Korea Electric Power Corporation’s regional headquarters in Gyeonggi, on Jan. 22 as a severe cold snap drives a surge in electricity demand.

2026-01-22

North Korea drums up renewable energy use amid sanctions-caused electricity shortage

North Korea is drumming up the utilization of solar, wind and other renewable energy sources, local media showed on Monday, as the country faces a chronic shortage of fuel and electricity amid continuing international sanctions.

2026-01-12

Energy vouchers fail to meet needs of struggling families

Government vouchers meant to help low-income households pay energy bills are falling short of addressing the actual needs of under-earning families — especially those already behind on utility payments.

2026-01-05

Kepco to keep electricity rates frozen for first quarter of 2026

The state-run Korea Electric Power Corporation (Kepco) said Monday it will freeze electricity rates for the first quarter of next year despite recent declines in global energy prices as part of efforts to improve its financial stability.

2025-12-22

Samsung to offer 2 years of free electricity to washing machine consumers in Italy

Samsung Electronics said Tuesday it has partnered with Italy's utility firm Enel to offer free electricity to customers who purchase its washing machines in the European country.

2025-12-16

Sihwa Lake Tidal Power Plant turns national embarrassment into global model

The Sihwa Lake Tidal Power Plant in Ansan, Gyeonggi, offered a reversal of fortunes for a water quality initiative once considered Korea's worst national project to become a global model in tidal power generation.

2025-12-12

Trump signs executive order for AI project called Genesis Mission to boost scientific discoveries

U.S. President Donald Trump is directing the federal government to combine efforts with tech companies and universities to convert government data into scientific discoveries.

2025-11-25