KEPCO is the Korean national energy company which has rolled over massive amounts of debt year on year and it now stands at $150bn, and a large amount of their revenue goes towards servicing this debt.
https://en.sedaily.com/news/2026/02/26/kepco-posts-record-96b-operating-profit-debt-remains-at-146b
Posted by No-Feeling507
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This article pertains to industrial planning and state backed energy policy. The Korean state backing energy company provides low cost reliable energy to industry and consumers for below market rates, which allows certain kinds of industry to thrive and the government to invest according to their own strategic decisions. This is antithetical to Neoliberalism, but I think it’s interesting to discuss this case study and whether overall it is beneficial / detrimental to korea as a whole.