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المشهد العربي
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المشهد العربي

2026-09-06T19:25:30.000Z

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KIPCO plans $18B advance from Samsung and Heinx

KIPCO plans $18B advance from Samsung and Heinx

Korean electricity company KEPCO proposed paying $18 billion upfront from Samsung Electronics and SK Hynix in exchange for electricity consumption over five years. Samsung would pay 20 trillion won (approximately $17.8 billion) during 2027-2031, while Hynix would pay 5 trillion won (about $4.4 billion). The company plans to use these funds to expand power grids to meet the growing energy demand at semiconductor manufacturing plants and data centers in Korea.

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