[Special Stock] KEPCO Rises Over 4% on Hopes for Energy Policy Benefits
Korea Electric Power Corporation (KEPCO) shares are showing strong performance. This appears to reflect expectations that the new government's eco-friendly energy policies will benefit the company.
As of 9:54 a.m. on July 15, KEPCO shares were trading at 38,700 won, up 4.73% from the previous day. The news that KEPCO President Kim Dongcheol inspected major power facility construction sites for grid development from Honam to Gangwon between July 14 and 16 seems to have acted as a positive factor.
President Kim's site visits are interpreted as being related to the new government's energy policies, including the construction of an 'energy highway,' grid connection of renewable energy in the Honam region, and the establishment of a foundation for RE100 implementation.
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Previously, the government announced that it would move up the completion of the first phase of the Honam-Capital Region high-voltage direct current (HVDC) transmission network project, originally scheduled for 2031, by one year to 2030, in cooperation with KEPCO.
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