NewzSouth Korea's two major chipmakers, including Samsung Electronics, have rejected a proposal from the state utility Korea Electric Power Corp. (KEPCO) to prepay five years of electricity bills. The decision was announced on September 14.
KEPCO had put forward the prepayment proposal as part of financial relief efforts for the utility provider. However, the semiconductor manufacturers declined the offer, meaning the plan to secure advance payments for future power consumption will not move forward.
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