[THE INVESTOR] Power prices could rise by 97 percent if the government opens the nation’s state-controlled energy supply market to the private sector, according to a study released on June 27. If the retail power market is privatized, electricity prices may drop in the initial phase but will rise continually, according to the report on major global economies’ policies related to the electricity supply. Under the plan announced on June 14 by the Ministry of Trade, Industry and Energy, the country

[THE INVESTOR] The price of gold on Korea Exchange’s gold market broke the 50,000 won (US$42.4) per gram mark for the first time on June 27, fueled by uncertainties arising from UK’s departure from the European Union.On June 27, gold closed at 50,200 won per gram, up 780 won or 1.58 percent from June 24. This is the first time the price has broken the 50,000-won mark since the KRX gold market was launched in March 2014. On June 27, gold began 1.1 percent up buoyed by private investors seeking mo