The Korea Times
Climate Minister Kim Sung-whan on Thursday called for efforts to lower industrial electricity rates in a bid to help Korean companies boost their global competitiveness, while reaffirming the country's push to expand clean energy amid climate change and the growth of advanced industries. Kim made the call in a press conference marking the one-year anniversary of the Lee Jae Myung administration, which transferred the role of devising energy policies to the Ministry of Climate, Energy and Environment, formerly the environment ministry, from the industry ministry in a bid to strengthen Korea's response to climate change and foster the country's transition to renewable energy. "One point I personally regret is that electricity rates were raised toward the end of the former Yoon Suk Yeol administration, and rates for industrial use, in particular, were substantially increased," Kim told reporters, explaining that other countries have more expensive electricity rates for domestic use and cheaper rates for industrial use to control costs. Korea raised the electricity rate for industrial use b
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