[South Korea's KEPCO Plans to Collect 25 Trillion KRW in Advance Electricity Payments from Samsung and SK Hynix to Fund Semiconductor Power Grid Construction] BlockBeats News, September 3: South Korea's state-owned power company, Korea Electric Power Corporation (KEPCO), is in discussions with Samsung Electronics and SK Hynix regarding a multi-billion-dollar advance electricity payment plan to raise funds for building the power grid required for a new semiconductor industry cluster. Under the current proposal, Samsung Electronics would prepay 20 trillion KRW, and SK Hynix would prepay 5 trillion KRW, totaling 25 trillion KRW, which is roughly equivalent to five years' worth of electricity fees. KEPCO stated in a release: 'The large-scale advance electricity payment system is a mechanism that mutually satisfies the needs of companies urgently requiring power grid expansion and KEPCO, which needs investment funds. Specific details, including the prepayment amount and coverage period, have not yet been finalized.' (Jin10)