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In August, the government announced sweeping reform plans, under which it will privatize, merge or restructure state-run companies. The third-phase plan is expected to be announced this month.
Seoul said there are 319 state-operated and invested corporations that will be examined, with about 100 to undergo comprehensive restructuring.
KEPCO is South Korea's second-largest conglomerate in terms of assets, standing at 106.4 trillion won (US$96.7 billion) as of April 2007. It has 11 affiliates and employs roughly 50,000 workers.
The company posted a loss of 764 billion won in the April-June period of this year, compared with a profit of 266 billion won a year earlier.
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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