State energy firms lose big on debt, price falls in 2015
Jun 8, 2016
State-run energy-related companies suffered huge losses in 2015 as they were hammered by crippling debt and sinking commodity prices, government data showed Wednesday.The three public energy firms -- Korea Water Resources Corporation (K-Water), Korea National Oil Corp. (KNOC) and Korea Resources Corp. (KORES) -- chalked up combined losses of more than 12 trillion won ($10.4 billion) last year, according to the data by the finance ministry and the All Public Information In-One government web site