Samsung and SK Hynix reject KEPCO's 25 trillion won electricity prepayment plan

Samsung Electronics and SK Hynix have rejected a proposal from Korea Electric Power Corporation (KEPCO) to prepay electricity bills to fund grid infrastructure for new tech clusters. The proposal, estimated at 25 trillion won, would have covered five years of electricity costs. The chipmakers reportedly cited uncertainty regarding the sustainability of the current semiconductor boom over the next five years as the reason for their refusal.