Korea Electric Power Corp Q4 2018 Earnings Call (English, Korean) Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Anna Park - Macquarie Research - Analyst : (foreign language) I have one question and in the recent press conference, there was a mention once again of adopting a fuel cost adjusted or a wholesale price linked; a pricing scheme for the power, the electricity within this year, I think, what was the comment during the press conference. This item itself has been talked about for quite a long time. Do you see any new developments on the adoption of this linked or adjusted scheme? Or can you give us an idea of when it would be introduced? Unidentified Company Representative (foreign language) Regarding the electricity tariffs or power tariffs that are linked, so -- to various factors, including a fuel cost as well as other policy costs. And to have that reflected, the cost factors reflected and the power reach more flexibly, is a necessary approach in various reasons because that would give a signal to the market of the users in terms of a price signal so that it would encourage consumers to use energy more efficiently and reasonably, and also would raise the overall energy efficiency of the country. So there is a need to adopt this new approach. However, in order to get there, there has to be a broad social discussion, including the process to listen to the opinions of the academia as well as consumers. And the adoption of this new policy will be reviewed after such social consensus has been processed. (foreign language)