'Frozen' for residential electricity and 'Increase' for industrial use... 'Korea Electricity Finance Improvement' [Anchor Report]

KEPCO has come up with a desperate measure to raise only industrial electricity bills amid the accumulated deficit and high prices.

KEPCO has recorded a debt of 203 trillion won as of the first half of the year.

Last year alone, we paid 4.45 trillion won in debt interest, which is 12.2 billion won a day.

The Ministry of Industry announced its plan to raise industrial electricity rates and explained that Korea's electricity rates are not yet high.

Only the United States is lower than ours, and most countries say it costs more than 200 won per kilowatt hour.

In fact, KEPCO has raised its prices mainly for industrial electricity since 2022, when international energy prices soared, but they are still below the average of the Organization for Economic Cooperation and Development and the OECD.

When KEPCO announced its plan to raise industrial electricity, the business community responded with regret.

He explains that he is at the limit due to high prices, high exchange rates, and high interest rates, saying he is concerned about the impact on corporate competitiveness.

However, KEPCO froze electricity bills used by households and small business owners in consideration of the economic burden of the common people.