S. Korea likely to raise electricity bill as it retires nuclear reactors
(WorldNews South Korea)

South Korea is poised to follow Germany and Japan in raising power rates as it retires old nuclear power reactors and makes a switch to eco-friendly renewable energy, industry sources said Thursday. South Korea shut down its oldest Gori-1 nuclear power plant in the southeastern port city of Busan Monday as the newly launched liberal Moon Jae-in administration has pledged to close aged nuclear reactors and coal-fired power plants. The move is popular with many people and environmentalists but has raised worries of high electricity bills and...