electricity fee Archives | Be Korea-savvy

S. Korea to Offer Discounts on Electricity Fees amid Virus Pandemic

SEOUL, March 25 (Korea Bizwire) — South Korea said Thursday it will offer discounts on electricity fees for small businesses to ease their burden amid the prolonged new coronavirus pandemic. The parliament passed a bill to allocate 220 billion won (US$193 million) in extra budget to ease the financial burden on virus-hit small businesses from [...]

KEPCO Tipped to Raise Electricity Costs Next Year amid Poor Earnings

SEOUL, Dec. 31 (Korea Bizwire) — The South Korean state-run utility firm Korea Electric Power Corp. (KEPCO) is likely to raise electricity costs next year, as it grapples with poor earnings amid a new energy policy drive, industry sources said Tuesday. On Monday, the country’s sole electricity provider said it will scale down discounts offered [...]