Samsung, SK Hynix reject KEPCO’s $19 billion power prepayment proposal

SEOUL: Samsung Electronics and SK Hynix have rejected a proposal by Korea Electric Power Corp to make a 25 trillion won ($18.7 billion) upfront payment to support power supplies for planned ‌semiconductor ⁠mega clusters, according ⁠to a document submitted to a lawmaker. Here are some details:

The two chipmakers told the state-run ​utility company it would be difficult to accept the proposal following internal reviews, ​according to the document, ⁠which was ‌shared with Reuters by the ​office ​of lawmaker Lee Chul-gyu.