Kim Gang-jeong, Naju City Council Member, "Yoon Government Must Withdraw 'KEPCO KDN Share Sale'"

Kim Kang-jung, a member of the Jeonnam Naju City Council, has opposed the Yoon Seok-yeol administration's plan to sell shares of KEPCO KDN.

On the 20th, Councilor Kim stated in a press release, "On the 19th, the National Electric Power Industry Labor Union Federation and the KEPCO KDN Labor Union urged the Yoon Seok-yeol administration to withdraw its plan to sell shares of KEPCO KDN, which threatens the public nature of electric power."

He continued, "KEPCO KDN has provided KEPCO with dividends amounting to 249.7 billion won over the past five years," and pointed out, "(The sale of KEPCO KDN shares) causes more harm than good, damages the public nature of the electric power industry, and is like handing over a goose that lays golden eggs to the private sector."

He added, "Since the launch of the Yoon administration, under the name of public institution innovation plans, the forced sale of assets and shares of major public institutions has been continuously pushed forward," emphasizing, "This is a sale of prime assets and a violation of the institutions' fundamental role of public service."

Councilor Kim Kang-jung said, "I strongly oppose the Yoon Seok-yeol administration's unilateral and forced hasty asset sales and will stand firmly with the KEPCO KDN Labor Union, which strongly opposes the sale of KEPCO KDN shares, until the end."

Asia Economy Honam Reporting Headquarters, Reporter Kim Yuk-bong baekok@asiae.co.kr