Sources of funding still unclear for KEPCO's university
상태바
Sources of funding still unclear for KEPCO's university
  • Son Da-som
  • 승인 2019.02.04 12:03
  • 댓글 0
이 기사를 공유합니다

The state-run Korea Electric Power Corp. (KEPCO), which is currently seeking to open its own university in South Jeolla Province in 2022, is expected to face hurdles in opening on time amid financial and administrative challenges, industry watchers said Monday.
In January, KEPCO selected the Booyoung Country Club golf course in Naju, 355 kilometers south of Seoul, as the site of the planned university.

KEPCO headquarters in Naju, South Jeolla Province (Yonhap)


Under KEPCO's vision, the university will have some 1,000 students and 100 professors, with the opening date scheduled for March 2022. The official name is yet to be selected.
The university will seek to become the country's top institution in the field of energy studies in 20 years, the company said.
The state-run firm, however, has not yet found ways to raise the funds needed to establish the university, which are estimated at 500 billion won (US$448 million). KEPCO also needs 50 billion won annually to run the school.
"Currently, there are no fixed plans on where to secure the fund," a KEPCO official said. "The fund, however, will be shared by the central and regional governments."
As a separate law needs to be passed to make it possible to financially assist KEPCO's university, a delay is anticipated as the Liberty Korea Party, the main opposition, is currently criticizing the project.
Supporters of KEPCO's university claim that the university is needed to foster the country's capabilities in the field of energy studies.
The university is also considered a flagship project of the Moon Jae-in administration for the southwestern region.
The South Korean government has been rolling out various new energy policy guidelines, such as breaking away from nuclear energy and rolling out what it calls the hydrogen economy policy. (yonhap)


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.
주요기사