Business
Samsung Asked to Prepay $15 Billion in Power Bills as South Korea Races to Build Semiconductor Grid
SEOUL — South Korea’s state-run electricity giant is seeking a massive upfront payment from Samsung Electronics as the country scrambles to finance the power infrastructure needed for its expanding semiconductor and artificial-intelligence industries. Korea Electric Power Corp. (KEPCO) has proposed that Samsung Electronics prepay about 20 trillion won — roughly US$15 billion — for electricity through 2031, according to a report cited by Channel News Asia and South Korean media. KEPCO has also
