Nov. 12, 2014, 9:18 AM
Nov. 19, 2013, 10:27 AM
- Korea Electric Power (KEP +7.1%) gaps higher at the open after South Korea said it will hike electricity tariffs in a bid to avert power blackouts and cut billions of dollars in losses.
- In the second tariff hike this year, the government will raise electricity prices by an average 5.4% beginning Thursday, with industrial users facing the biggest hike.
- The government hopes higher electricity prices will curb power use, and policymakers want tariffs that more closely reflect generation costs.
Dec. 18, 2011, 11:36 PM
Korea Electric Power Corp. engages in the generation, transmission and distribution of electricity and development of electric power resources. It operates through the following Domestic and Overseas Business areas. The Domestic Business area provides operations related to the transmission,... More
Industry: Electric Utilities