Korea Electric Power Corp Q4 2022 Earnings Call (English, Korean) Transcript

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

Question: Minjae Lee - NH Investment & Securities Co., Ltd., Research Division - Analyst : [Interpreted] I have 2 questions. First is on how much buffer do we have to issue corporate bonds since the fourth quarter of 2022? And second question is what are some of the overseas nuclear power plant that we are currently proceeding at the moment? Unidentified Company Representative [Interpreted] As of end of 2021, based on the KEPCO Act, we can issue 2x the capital that we can utilize, and the buffer that we had was up to KRW 92 trillion. As of last year, 2022, it is KRW 70 trillion. And with the amendment to KEPCO Act, we can issue 6x as high as corporate bond, and the final amount could be determined once KEPCO finalizes on its final financial closure.

Question: Minjae Lee - NH Investment & Securities Co., Ltd., Research Division - Analyst : [Interpreted] So if I may ask one more question, you will probably pursue to increase the tariff in the remainder of the quarters. And I would like to understand which line items you will be leveraging to reflect this increased tariff. Unidentified Company Representative [Interpreted] For 2022, we are going to make efforts to rationalize the tariff -- electricity tariff system in a phased manner. At the moment, the line items or items that will be used is not determined yet, but we will be working firstly with the government to reflect that in the final tariffs.