KEPCO Seeks Upfront Power Payments From Samsung Electronics, SK hynix

According to The Korea Herald, Korea Electric Power Corp. is carrying more than 200 trillion won ($148 billion) in debt as South Korea prepares to build power-hungry semiconductor clusters, and the state-run utility needs about 100 trillion won to expand the grid. To help finance that work, KEPCO has asked Samsung Electronics and SK hynix to pay five years of electricity bills in advance, a combined 25 trillion won.