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Debt-ridden Kepco raises electric bills for businesses

Debt-ridden Kepco raises electric bills for businesses

The state-run Korea Electric Power Corporation on Wednesday decided to raise industrial electricity rates by an average of 9.7 percent from Thursday, prompting immediate complaints among local businesses already reeling from rising costs and unfavorable foreign exchange rates. "The government and Kepco had no choice but to comprehensively consider the ongoing difficulties faced by the public and small business owners, as well as an economic situation in which consumer sentiment has not yet

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