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The spending would be focused on so-called smart grid technology, low-emission power systems and other related areas, KEPCO said.
The smart grid is a revolutionary technology that incorporates IT into existing power networks, making a two-way information exchange between suppliers and consumers possible.
More importantly, it allows renewable energy sources to be integrated into the existing network, contributing to carbon emission reduction.
KEPCO is South Korea's power monopoly, supplying 95 per cent of its power needs.
(Yonhap) sld
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