Ever since the Japanese authorities approved Tokyo Electric Power Company's plan to release nuclear contaminated water from the reactors of the damaged Fukushima Daiichi Nuclear Power Plant into the Pacific Ocean last year, there has been great concern about the environmental consequences of doing so.
Korean Development Bank (KDB) is seeking to bolster its capital base in order to improve its financial stability, which has been faltering due primarily to the growing deficit of the Korea Electric Power Corp. (KEPCO) in which the bank holds a 32.9 percent stake.
The hikes in the costs of utilities starting Tuesday are prompting speculation over how they may affect the course of inflation, which has been cooling down in recent months. Analy.
The government and the ruling People Power Party (PPP) will hold a consultative meeting this week to decide on a hike in electricity and gas rates for the second quarter, officials said Sunday.