Jeong Seung-il, KEPCO President, "Today May Be My Last Day Here"... Announces Resignation (Update)
Jung Seung-il, CEO of Korea Electric Power Corporation (KEPCO), expressed his intention to resign in front of employees on the 12th.
On the morning of the same day, at the headquarters in Naju, Jeollanam-do, during the closing remarks of the 'Emergency Management and Management Innovation Commitment Rally,' CEO Jung said, "Today will be the last occasion where I convey my requests to you."
CEO Jung had been under pressure to resign from the government and ruling party due to KEPCO's massive deficit amounting to tens of trillions of won. His resignation is interpreted as taking responsibility for the worsening management of KEPCO.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- Despite Warnings of "Do Not Enter, You May Not Make It Out Alive"... Foreign Tourist Stranded After Unauthorized Climb on Jeju Sanbangsan
- Signed Without Viewing for 1.6 Billion Won... Jamsil and Seongbuk Jeonse Prices Jump 200 Million Won in a Month [Real Estate AtoZ]
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
On the same day, KEPCO announced a high-intensity financial restructuring plan worth 25 trillion won, including the sale of the Nam Seoul Headquarters located in Yeouido, a representative asset in the metropolitan area, and the return of wage increases by employees.
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2023051211133029135_1683857610.jpg)
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
![[Breaking] Bloomberg: "Korean HMM Oil Tanker Attempts Escape from Strait of Hormuz"](https://cwcontent.asiae.co.kr/asiaresize/307/2026052014223455168A.jpg)