SEOUL (AFX-ASIA) – The government has suspended the planned sale of Korea South-East Power Co, a power generation unit of Korea Electric Power Corp, after four potential investors withdrew bids due to unfavourable business conditions and external uncertainties, the Ministry of Commerce, Industry and Energy said. “The government and KEPCO have decided to suspend the…
SOUTH KOREA: Sale of KEPCO power unit suspended on withdrawal of four bidders
Posted on April 9, 2003 by EnergyAsia