[2022 National Audit] Choo Kyung-ho "To Solve KEPCO Deficit Quickly, Electricity Rates Must Soar"

[Asia Economy Sejong=Reporter Kwon Haeyoung] Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho said on the 4th that "the deficit of Korea Electric Power Corporation (KEPCO) must be resolved over a long period."

At the Ministry of Economy and Finance's audit by the National Assembly's Planning and Finance Committee on the same day, Deputy Prime Minister Choo stated regarding measures to resolve KEPCO's deficit, "If we try to solve it in a short period, electricity rates will skyrocket and the public will face serious difficulties."

He explained, "There is an awareness that electricity rates need to be made more realistic, but there is a burden on the public," adding, "These aspects must always be considered together."

Regarding the energy mix, Deputy Prime Minister Choo said, "The Yoon Seok-yeol administration shares the same direction of expanding renewable energy and moving toward carbon neutrality," but emphasized, "There must be realism in the methods of implementing reduction measures."