SEOUL: State-run power monopoly Korea Electric Power Corp (Kepco) reported yesterday a 20% drop in second-quarter profit due to smaller foreign exchange gains, higher fuel costs and slower growth in demand.
Analysts were downbeat on the company's second-half outlook as oil prices remain relatively high, a cooler summer leaves air-conditioners idle and the economy is sputtering. But they said the strength of the South Korean currency could offset some of these factors.
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