Jun. 24 at 4:18 PM
Shares of Korea Electric Power (
$KEP) jumped roughly 16% after the company announced it will freeze electricity rates for Q3 2025. The decision reverses earlier plans to cut rates due to lower LNG and coal costs. Concerns over global LNG supply disruptions, especially from Middle East tensions, influenced the move. The South Korean government also extended tax cuts on LNG and coal through December to manage potential production cost hikes. KEP aims to stabilize energy costs while shifting fuel sourcing toward Australia and the U.S.
