Korea's Electric Grid Is the Real Bottleneck in the Chip Boom
KEPCO's proposed 25-trillion-won prepayment to Samsung and SK Hynix exposes a grinding collision between Korea's semiconductor ambitions and its creaking national grid. With electricity price hikes politically impossible before 2028 elections, the state utility is turning to bond markets — crowding out private borrowers at a time when global chip supply chains depend on Korea delivering.