Company
KEPCO (ticker 015760) is South Korea's state-controlled electricity utility, operating the national power generation, transmission and distribution grid.
Korea's building fuel cell makers plan a joint export venture on Japan's 2009 Ene-Farm model after a new hydrogen law dropped their public-building mandate. Members and terms are still being discussed, while the dated contracts are in power generation and storage.
Reality
South Korea's first agreed US investment project is a $23.3 billion gas-fired power plant in Encinal, Texas. Japan's March batch has the same tilt, putting allied money into US generation next to data-center clusters that are short of power.
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Korea Electric Power Corp. said names, affiliations and phone numbers of about 24,000 employees appeared on an outside website. What it costs the state-run utility, and anyone pricing governance at state-linked firms, turns on a cause still under joint investigation with law enforcement.
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The two chipmakers turned down a request to pay five years of power bills upfront, leaving the grid buildout to bonds KEPCO sold at 4.00% to 4.41% last month, with its statutory issuance ceiling tightening at the end of 2027.
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The government's framework report to the National Assembly on the 22nd lifts a confidential Westinghouse restriction on the APR-1400, but only for units built with money from the U.S. investment package, and the Saudi and Vietnam payoff is still a forecast.
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Washington has told Seoul that buying into Westinghouse sits outside the $200 billion investment package, according to Sedaily. Brookfield and Cameco's filings set 10% as the floor for naming even one director.
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The trade ministry summoned Korea's four refiners on the 14th to weigh paying more of the freight gap on crude from the Americas, Africa and Southeast Asia. September and October cargoes are already more than 90% secured.
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The Bank of Korea's September policy report puts the two chipmakers at nearly half the Kospi's market value. It warns that daily rebalancing in leveraged products can carry price moves between Hong Kong and Seoul.
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Twelve Korean power equipment firms will meet about 50 American buyers on a KOTRA-organised trip that drew 10 firms and 12 buyers last year, with a Silicon Valley leg added to the Dallas itinerary.
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The Ministry of Planning and Budget's performance plan lists none of the fund's 140 programs, and an analysis for People Power Party lawmaker Park Soo-young counts 21.7 trillion won of its spending as inconsistent with the fund's own purpose.
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Evolution Metals wants ten times the magnet output from its Pohang plant. The gating item is a power connection that has to grow from 130 megawatts to about 750, and the utility is covering most of that build.
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Seoul will take cash equity in KEPCO for the first time since its 1989 listing, because a utility carrying 210.7 trillion won of debt cannot borrow fast enough to wire the fabs.
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