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Korea's public sector debt hovered above the 1,501 trillion-won ($1.16 trillion) mark for the first time in 2022, data showed Thursday, amid the weak performances of state-run energy firms.
Korea Electric Power Corp. (KEPCO) and POSCO are two of the top Korean companies that contribute significantly to global warming as they burn substantial amounts of fossil fuels for business activities, according to a Seoul-based nonprofit environmental group, Tuesday.
Korea Electric Power Corp. (KEPCO) posted an operating profit in the third quarter for the first time since the first quarter of 2021 on the back of hikes in electricity prices, the state-run utility company said Monday.
Korea Electric Power Corp. (KEPCO) will increase electricity rates for large companies and restructure through asset sales and reduction of workforce as it aims to overcome a debt crisis amounting to around 201 trillion won ($153 billion), its CEO said, Wednesday.
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