An article on someone who makes a big money from the fear control.

They are protesting against the re-activating of the 1st Nuclear Power plant located in Gori.

Here is the article in Korean(English version is not available)
http://www.hani.co.kr/arti/opinion/because/590612.html


According to the article, the current power crisis comes from the insistent policy of privatization by the Government. The KEPCO(the Korean Electric Power Corporation) is privatized in 2011. Since then, several problems were coming out.

The privatized companies gave up investing or building required facilities to supply enough power. 5 big private Power plants such as Posco, LG and SK, made about 940 billion won net profit.  For the while, the price of the power for the industry is close to less than 90% of the net cost. Therefore so called Korean Chebol got enormous in-direct profit from it.

In the end, the costs are covered by the ordinary people just for the profits of some people.

The above facts are just some parts of wide-spread corrupt around the basic infrastructure in Korea.