South Korea Faces Biggest Energy Price Rise Since 1980 – Nikkei

South Korea faces its biggest electricity price rise in over 40 years as a weakened currency piles pressure on manufacturers, Nikkei Asia reported.

Korea Electric power raised its base electric rate by 17% for industrial customers and 6.8% for residential users, which the report said was the largest increase since 1980.

Read the full report: Nikkei Asia

Read more:

South Korea’s SK Hynix Wins Reprieve From US Chip Curbs

South Korea Inflation to Stay at 5% Next Year: BoK Chief

South Korea Set to Triple Arms Exports in Two Years – Nikkei

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

You Might also Like

Adani Scandal Ups Risk to Global Banks, India's Renewables Push

China Expands Visa-Free Entry to Nine More Countries - AP

COP29 Finance Deal Aims For $250bn From Wealthy Nations

US Seeks Review, Changes to Undersea Telecom Cable Rules