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Volumn 77, Issue 3, 2004, Pages 493-516

Electricity reform at a crossroads: Problems in South Korea's power liberalization strategy

Author keywords

[No Author keywords available]

Indexed keywords

ELECTRICITY GENERATION; ENERGY POLICY; LIBERALIZATION; REFORM PROCESS;

EID: 14344255189     PISSN: 0030851X     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article
Times cited : (18)

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    • KEPCO officials that we contacted confirmed that cost had been won 25-30/ kWh (US$0.03/ kWh) on average during this period.
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    • Liberalization of the power sector in developing countries has generally conformed with the broader re-orientaion of the national economy following an economic crisis. Sweeping changes to monetary policy. revised limits on foreign ownership, increased foreign access to capital markets, significantly changed trade, fiscal and labour policies and restructuring of national utilities (including electricity) often follow on economic emergency in order t obtain World Bank or IMF support.
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    • Interviews with NGO leaders and union representatives indicate that efforts to forge an alliance have stalled. Environmentalist' opposition to nuclear power and unions' support for it, disagreements regarding KEPCO's continuation as a national monopoly, and the lack of a prior track record of cooperation on policy issues are cited as important barriers to the formation of a red-green alliance at this time.
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