{
  "id": 7249579,
  "title": "Samsung, SK Hynix reject US$18 billion power prepayment to fund new grids: reports",
  "url": "https://urgent.news/2026/09/14/samsung-sk-hynix-reject-us-18-billion-power-prepayment-to-fund-new",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-14T04:41:57.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/samsung-sk-hynix-reject-us18-billion-power-prepayment-fund-new-grids-reports"
  },
  "original_language": "en",
  "account": "Local media reports claim that Samsung Electronics and SK Hynix have turned down a proposal from Korea Electric Power Corp (Kepco) for a US$18 billion power prepayment to fund the construction of new grids. The firms expressed concerns about committing such a substantial amount upfront due to uncertainty surrounding the prolonged semiconductor boom. The plan, estimated at 25 trillion won (US$18 billion), aimed to address the growing demand from the semiconductor and artificial intelligence industries. Kepco's proposal would have seen the chipmakers pay the 25 trillion won over a year, with Kepco bearing interest on the remaining prepaid balances. The rejection of the deal would reduce Kepco's reliance on bond issuance for funding.",
  "summary": "Local media says firms concerned about committing such large sums upfront given uncertainty",
  "key_points": [],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/7249579.png",
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Samsung, SK Hynix reject KEPCO’s $19 billion power prepayment proposal, document shows",
        "url": "https://urgent.news/2026/09/14/samsung-sk-hynix-reject-kepcos-19-billion-power-prepayment-proposal",
        "published": "2026-09-14T02:54:52.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Samsung, SK Hynix reject KEPCO's $19 billion power prepayment proposal, document shows",
        "url": "https://urgent.news/2026/09/14/samsung-sk-hynix-reject-kepcos-19-billion-power-prepayment-proposal-7233881",
        "published": "2026-09-14T03:05:34.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Samsung, SK Hynix reject KEPCO’s $23 billion power prepayment proposal, document shows",
        "url": "https://urgent.news/2026/09/14/samsung-sk-hynix-reject-kepcos-23-billion-power-prepayment-proposal",
        "published": "2026-09-14T03:45:21.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "Samsung, SK Hynix turn down KEPCO’s $19B power payment plan - report",
        "url": "https://urgent.news/2026/09/14/samsung-sk-hynix-turn-down-kepcos-19b-power-payment-plan-report",
        "published": "2026-09-14T05:23:14.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}