The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
Business
  • Tech
  • Bio
  • Companies
Fri, May 20, 2022 | 11:07
Energy
Korea's power sales dip 2.4% in Jan.-Nov. on coronavirus impact
Posted : 2021-01-11 11:07
Updated : 2021-01-11 11:07
Print Preview
Font Size Up
Font Size Down
Seoul at night / Gettyimagesbank
Seoul at night / Gettyimagesbank

South Korea's electricity consumption fell more than 2 percent in the first 11 months of 2020 in the wake of the coronavirus pandemic, data showed Monday.

Power sales in Asia's fourth-largest economy came to 464,243 gigawatt-hours (GWh) in the January-November period, down 2.4 percent from a year earlier, according to the data from state utility Korea Electric Power Corp. (KEPCO).

Electricity sales are thus projected to decline for all of 2020 from a year earlier due to sluggish demand stemming from the coronavirus pandemic.

It would mark the second straight on-year decline. Last year, South Korea's electricity consumption decreased on-year for the first time in 21 years.

Industrial electricity sales, often considered a barometer of industrial activity, shrank 4 percent on-year to 254,113 GWh in the 11-month period due to weaker exports and lower capacity utilization.

In contrast, household electricity consumption expanded 4.9 percent on-year to 69,915 GWh as more people stayed home due to social distancing and teleworking.

South Korea has been gripped by the coronavirus pandemic since late January last year, with infections reaching some 50,400 and the death toll totaling 1,125. (Yonhap)


 
  • People in North Korea trapped in famine and pandemic [PHOTOS]
  • Korea to resume issuing short-term travel visas, e-visas next month
  • Why doctors oppose Nursing Act legislation
  • KBO commissioner proposes holding season openers, regular games in US in meeting with MLB official
  • Huge fire erupts at S-Oil's Ulsan factory
  • Luna fiasco escalates into class action by victims
  • US denial of Biden-Moon meeting triggers speculation
  • Consumers alarmed by high sodium, saturated fat in meal-kits
  • Black Eagles seek to show ROK Air Force's prowess in England
  • Small Seoul temple becomes beacon for religious harmony
  • PSY's first boy group TNX makes much-anticipated debut with EP 'Way Up' PSY's first boy group TNX makes much-anticipated debut with EP 'Way Up'
  • MBC's 'Tomorrow' denies intentional use of BTS members' name, birthdates MBC's 'Tomorrow' denies intentional use of BTS members' name, birthdates
  • [INTERVIEW] Son Suk-ku portrays different villain in 'The Roundup' [INTERVIEW] Son Suk-ku portrays different villain in 'The Roundup'
  • Sequels to hit Korean films await theatrical release this year Sequels to hit Korean films await theatrical release this year
  • Kim Sae-ron apologizes for her alleged DUI incident Kim Sae-ron apologizes for her alleged DUI incident
DARKROOM
  • People in North Korea trapped in famine and pandemic [PHOTOS]

    People in North Korea trapped in famine and pandemic [PHOTOS]

  • 2022 Pulitzer Prize: Bearing witness to history

    2022 Pulitzer Prize: Bearing witness to history

  • Worsening drought puts millions at risk

    Worsening drought puts millions at risk

  • Our children deserve the best

    Our children deserve the best

  • End of mask mandates

    End of mask mandates

The Korea Times
CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Location
  • Media Kit
  • Contact Us
  • Products & Service
  • Subscribe
  • E-paper
  • Mobile Service
  • RSS Service
  • Content Sales
  • Policy
  • Privacy Statement
  • Terms of Service
  • 고충처리인
  • Youth Protection Policy
  • Code of Ethics
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group