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[Alpha Biz=(Chicago) Reporter Paul Lee] KEPCO's debt has increased by more than KRW 11 trillion this year.
According to KEPCO's report for the third quarter of this year released on the 20th, KEPCO's total debt as of the end of September was KRW 204.1 trillion.
At the end of December last year, it increased by 5.9% (11.3 trillion won) from 192.8 trillion won.
This is because it cost more to build essential power facilities, such as transmission networks, despite the surplus for the first time in 10 quarters, with KEPCO making 2 trillion won in operating profit in the third quarter.
The most eye-catching part is that KEPCO is increasing its short-term loans from banks.
On a separate financial statement, KEPCO's bank loan balance rose 20% from 3 trillion won at the end of December 2022 to 3.6 trillion won at the end of September 2023.
In fact, before 2021, KEPCO was funded by issuing bonds with favorable conditions such as interest rates.
However, KEPCO's corporate bonds have been criticized for disrupting the bond market due to the Legoland crisis last year, and they are reaching out to banks with high interest costs.
KEPCO is running all the way to save interest, but insists that a sharp increase in electricity bills is the fundamental solution.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
