Samsung faces $15 billion upfront power proposal from KEPCO

Reuters · 3 hours ago
  • South Korean utility KEPCO proposed an advance-payment scheme for major power users, including Samsung Electronics and SK Hynix.
  • The proposal calls for Samsung Electronics to pay 20 trillion won ($15 billion) in advance for power through 2031, according to the Chosun Ilbo.
  • KEPCO also proposed that SK Hynix pay 5 trillion won in advance under the same scheme.

Quotes

it had suggested an advance payment scheme to major power users including Samsung and SK HynixKorea Electric Power Corp (KEPCO)

Sources