Samsung, SK Hynix asked to pay early for South Korea power expansion
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- Korea Electric Power Corp. proposed that Samsung Electronics pay 20 trillion won ($15 billion) in advance for electricity through 2031 to help finance South Korea's grid expansion.
- It also proposed that SK Hynix pay 5 trillion won in advance.
Korea Electric Power Corp. has proposed that Samsung Electronics pay 20 trillion won ($15 billion) in advance for electricity through 2031 to help fund an expansion of South Korea's power grid.
The utility also proposed an advance payment of 5 trillion won from SK Hynix. The proposals were reported by the Chosun Ilbo.
About this summary
Originally published by FBC News. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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