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ROK Drop

July 18th, 2008 at 11:32 pm

Privatizing of Korean Utilities May Be Scrapped

» by GI Korea in: Korea-Business, Quick Links

It looks like Korea’s attempts to privatize public utilities is about as likely to happen as over 30 month year old US beef being sold in Korea.

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  • Kalani
    12:52 am on July 19th, 2008 1

    Not quite. Some are progressing as planned, some are axed. Some KEPCO subsidiaries (power generation) were axed, but other KEPCO units are still on for privatization. But the point is that the GNP has said that “privatization is not a priority.” There is not going to be a big push. Hell, they’ve been promising to do this since the IMF years of 1997-1998 and Kim Dae-jung and Roh Moo-hyun slow-leaked this. So why rush now?

    http://english.donga.com/srv/service.php3?biid=2008071849888

 

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