Government, ruling party hold off raising electric, gas fees for the second quarterIt is indisputable that raising electricity and gas fees is the only solution in the current situation to prevent majority state-owned public enterprises Korea Electric Power Corp. (KEPCO) and Korea Gas Corp. (KOGAS) from going bankrupt.Their losses have snowballed because they failed to reflect sharp international energy price increases in their fees.KEPCO suffered an operating loss of 32.65 trillion won ($24.8 billion) last year alone.

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