KEPCO chief offers to resign over mounting losses
Cheong Seung-il, chief of South Korea's state-run utility Korea Electric Power Corp. (KEPCO), attends a meeting at the company's headquarters in Naju, South Jeolla Province, southwestern South Korea, on May 12, 2023. He offered to step down the same day, taking responsibility for snowballing losses, as the company announced a set of self-rescue measures meant to address financial woes caused mainly by limited hikes in electricity rates. (Yonhap)
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