Yoon Approves Resignation of Jeong Seung-il, KEPCO President
President Jeong Seung-il Announces Self-Rescue Plan and Resigns on the 12th
President Yoon Suk-yeol approved the resignation letter of Jeong Seung-il, the CEO of Korea Electric Power Corporation (KEPCO), who expressed his intention to resign ahead of the electricity rate hike on the 19th.
A senior official from the presidential office stated to reporters at the Yongsan Presidential Office that morning, when asked whether President Yoon had accepted Jeong's resignation, "It was approved today."
Jeong announced a self-rescue plan worth 25.7 trillion won on the 12th, ahead of the electricity rate increase, and expressed his intention to resign, saying, "I earnestly ask for the deep understanding of the public regarding the inevitability of timely electricity rate hikes."
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2023051911114136410_1684462302.jpg)
Jeong, who held key positions in the Ministry of Trade, Industry and Energy and served as the CEO of Korea Gas Corporation, was appointed as KEPCO CEO in May 2021 during the Moon Jae-in administration.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
During the process of overcoming KEPCO's financial crisis and the electricity rate hike, the ruling party leadership officially demanded his resignation.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
