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China on Thursday suspended the import of all aquatic products from Japan, including edible seafood, hours after its neighbor started releasing treated radioactive water from the stricken Fukushima nuclear power plant. Seafood imports from Japan include red sea bream, scallops, and mackerel, according to Japan's Ministry of Agriculture, Forestry and Fisheries. The discharge of the treated water was expected to start after 1 p.m. Toyko time, according to media reports citing state owned electricity firm TEPCO. The IAEA will have a presence on site "for as long as the treated water is released, in line with Director General Grossi's commitment for the IAEA to engage with Japan on the discharge of ALPS treated water before, during, and after the treated water discharges occur." ALPS refers to the Advanced Liquid Processing System that at Fukushima, which removes radioactive material from the wastewater before it is released.
Organizations: Tokyo Electric Power Company, Japan's Ministry of Agriculture, Forestry, Fisheries, TEPCO, International Atomic Energy Agency, IAEA, Japan's Embassy Locations: Tokyo, China, Japan, Fukushima, London
CNN —Japan on Thursday will begin releasing treated radioactive wastewater from its Fukushima nuclear plant, part of a controversial plan that has sparked fierce objections from some regional countries as well as many consumers. During a press conference Thursday morning, TEPCO said it expects to discharge only around 200 or 210 cubic meters of treated wastewater. It will send a boat later Thursday into the harbor to collect samples to monitor and ensure the discharged treated wastewater meets international safety standards. Japan’s devastating 2011 earthquake and tsunami caused water within the Fukushima nuclear plant to be contaminated with highly radioactive material. Hong Kong on Wednesday said it will ban food products imported from some parts of Japan following the release of the treated water.
Persons: Wang Wenbin, , Wang Organizations: CNN, Tokyo Electric Power Company, TEPCO, United Nations, International Atomic Energy Agency, IAEA Locations: Japan, Asia, Taiwan, China, Fukushima, Hong Kong, Tokyo, Chiba, Tochigi
[1/4] An aerial view shows the storage tanks for treated water at the tsunami-crippled Fukushima Daiichi nuclear power plant in Okuma town, Fukushima prefecture, Japan August 22, 2023, in this photo taken by Kyodo. Japan has maintained that the water release is safe. "Being told something is scientifically safe and feeling reassured are two different things... Proof that the water release is scientifically safe may not remove reputational damage," he said. The water will initially be released in smaller portions and with extra checks, with the first discharge totalling 7,800 cubic metres over about 17 days, Fukushima power plant operator Tepco (9501.T) said on Tuesday.
Persons: Wang Wenbin, Japan's, Yoon Suk, John Lee, Masanobu Sakamoto, Sakura Murakami, Raju Gopalakrishnan Organizations: Kyodo, REUTERS, Rights Companies Tokyo Electric Power Company Holdings, International Atomic Energy Agency, IAEA, Hong, National Federation of Fisheries Cooperative, World Health, Tepco, Thomson Locations: Okuma, Fukushima prefecture, Japan, China, Hong Kong, Macau, Tokyo, Fukushima
Japan to release Fukushima water into ocean starting this week
  + stars: | 2023-08-22 | by ( ) www.cnbc.com   time to read: +1 min
Fisherman Haruo Ono stands on one of his fishing boats at Tsurushihama Fishing Port, Shinchi-machi of Fukushima Prefecture, some 60 kms north of the crippled Fukushima Daiichi nuclear plant on August 21, 2023, ahead of a government's plan to begin releasing treated water from the plant into the Pacific Ocean. Philip Fong | Afp | Getty ImagesJapan said on Tuesday it will start releasing more than 1 million metric tonnes of treated radioactive water from the wrecked Fukushima nuclear power plant on Aug. 24, putting into motion a plan that has drawn strong criticism from China. Japan has said that the water release is safe. Still, some neighboring countries have expressed skepticism over the safety of the plan, with Beijing emerging as the biggest critic. Foreign ministry spokesman Wang Wenbin said in July that Japan had shown selfishness and arrogance, and had not fully consulted the international community about the water release.
Persons: Ono, Philip Fong, Fumio Kishida, Wang Wenbin Organizations: Afp, Getty, Japan, Tokyo Electric Power Company, Nuclear, Authority, International Atomic Energy Agency Locations: Shinchi, Fukushima Prefecture, China, Japan, Beijing
Tokyo CNN —After months of controversy and anticipation, Japan is set to begin releasing treated radioactive wastewater from its Fukushima nuclear plant later this week despite fierce objections from some countries. A TEPCO researcher assesses the radiation impact of treated wastewater in Fukushima, Japan, on April 12, 2023. TEPCO has built over 1,000 massive tanks to store treated radioactive wastewater in Fukushima, Japan, on April 12, 2023. Video Ad Feedback Hear why these South Koreans are worried about Japan's Fukushima wastewater release plan 02:27 - Source: CNNWhat have other governments said? Some governments have even banned food imports from parts of Japan, including Fukushima.
Persons: Fumio Kishida, Daniel Campisi, Rafael Grossi, Organizations: Tokyo CNN —, Tokyo Electric Power Company, United Nations, International Atomic Energy Agency, IAEA, CNN, TEPCO, South Locations: Japan, Asia, Fukushima, United States, Taiwan, China, Hong Kong, South Korea
Explainer: The Fukushima water release plan
  + stars: | 2023-08-22 | by ( ) www.reuters.com   time to read: +5 min
An aerial view shows the storage tanks for treated water at the tsunami-crippled Fukushima Daiichi nuclear power plant in Okuma town, Fukushima prefecture, Japan August 22, 2023, in this photo taken by Kyodo. Water containing tritium is routinely released from nuclear plants around the world, and regulatory authorities support dealing with the Fukushima water in this way. When ingested at levels above those in the released water it can raise cancer risks, a Scientific American article said in 2014. SAFETYJapan and scientific organisations say the released water is safe, but environmental activists argue that all the possible impacts have not been studied. The latest import restrictions were imposed in July after the IAEA approved Japan's plans to discharge the treated water.
Persons: Masanobu Sakamoto, Katya Golubkova Organizations: Kyodo, REUTERS Acquire, Rights, Tanks, Electric Power Company, Tepco, International Atomic Energy Agency, IAEA, Greenpeace, World Health Organization, South, National Federation of Fisheries Cooperative Associations, Tokyo, Thomson Locations: Okuma, Fukushima prefecture, Japan, Fukushima, China
An aerial view shows the storage tanks for treated water at the tsunami-crippled Fukushima Daiichi nuclear power plant in Okuma town, Fukushima prefecture, Japan August 22, 2023, in this photo taken by Kyodo. Japan has said that the water release is safe. Foreign ministry spokesman Wang Wenbin said in July that Japan had shown selfishness and arrogance, and had not fully consulted the international community about the water release. China bans seafood imports from 10 prefectures in Japan, including Fukushima and the capital, Tokyo. Japan says the water will be filtered to remove most radioactive elements except for tritium, an isotope of hydrogen that is difficult to separate from water.
Persons: Fumio Kishida, Kishida, Wang Wenbin, Sitiveni Rabuka, Sakura Murakami, Tim Kelly, Kirsty Needham, Chang, Ran Kim, Gerry Doyle Organizations: Kyodo, REUTERS Acquire, Rights Companies Tokyo Electric Power Company Holdings, Tokyo Electric Power Company, Nuclear, Authority, International Atomic Energy Agency, IAEA, Seafood, Pacific, Thomson Locations: Okuma, Fukushima prefecture, Japan, China, Beijing, Fukushima, Tokyo, South, Seoul, United States, France, Pacific, Sydney
Japan PM to meet fishing industry leaders over Fukushima water
  + stars: | 2023-08-21 | by ( ) www.reuters.com   time to read: +2 min
Japan's Prime Minister Fumio Kishida visits the tsunami-crippled Fukushima Daiichi nuclear power plant in Okuma town, Fukushima prefecture, Japan August 20, 2023, in this photo released by Kyodo. Mandatory credit Kyodo via REUTERS Acquire Licensing RightsTOKYO, Aug 21 (Reuters) - Japanese Prime Minister Fumio Kishida will on Monday meet fishing industry representatives in a bid to convince them of the safety of treated radioactive water due to be released from the wrecked Fukushima nuclear power plant into the sea. The water has been treated to remove most radioactive elements except for tritium, a hydrogen isotope that must be diluted because it is difficult to filter. Despite such assurances, the prospect of more than a million tons of water being pumped into the Pacific from the nuclear plant owned by Tokyo Electric Power Company (9501.T) has raised alarm. Japanese Industry Minister Yasutoshi Nishimura is due to meet the same fishing industry leaders before the Kishida meeting.
Persons: Fumio Kishida, Yasutoshi Nishimura, Satoshi Sugiyama, Elaine Lies, Muralikumar Organizations: Japan's, Kyodo, REUTERS Acquire, Rights, International Atomic Energy Agency, IAEA, Tokyo Electric Power Company, Citizens, Japanese Industry, Thomson Locations: Okuma, Fukushima prefecture, Japan, Tokyo, China, South Korea
Tokyo CNN —Japan will begin releasing treated radioactive water from Fukushima into the ocean as early as Thursday, officials announced on Tuesday, following months of heightened public anxiety and pushback from many neighboring countries. Since then, new water has been pumped in to cool fuel debris in the reactors, while ground and rainwater have leaked in, creating more radioactive wastewater. The real issue is a hydrogen isotope called radioactive tritium, which cannot be taken away. Many other countries, including the United States, regularly release treated wastewater containing small amounts of tritium from their nuclear plants. One expert, who helped Pacific Island nations review and assess the wastewater release plan, told CNN it was “ill-advised” and premature.
Persons: Fumio Kishida, hasn’t, Kishida, , Organizations: Tokyo CNN —, United Nations ’ International Atomic Energy Agency, IAEA, Tokyo Electric Power Company, Authorities, TEPCO, CNN Locations: Tokyo CNN — Japan, Fukushima, China, South Korea, Japan, United States
By accepting an International Atomic Energy Agency (IAEA) report last month that greenlit Japan's Fukushima water release, Yoon could encourage fresh dissent that China will try to amplify, analysts say. On Monday, Park Gu-yeon, vice minister of government policy coordination at the prime minister's office, said both sides have made "substantial progress" on the water release issue. A senior South Korean official, speaking on condition of anonymity because of diplomatic sensitivity, said the government did not see it as a source of friction. "China absolutely will try to exploit Fukushima to drive a wedge between South Korea and Japan," said David Boling, a director at consulting firm Eurasia Group. In July, Chinese foreign ministry spokesman Wang Wenbin said Japan had shown selfishness and arrogance, and had not fully consulted the international community about the water release.
Persons: Rafael Mariano Grossi, Kobayakawa, Joe Biden, Yoon Suk Yeol, Fumio Kishida, Biden, David, Yoon, Japan Rahm Emanuel, Moon Jae, Christopher Johnstone, Antony Blinken, they've, David Boling, Joshua Kurlantzick, Wang Wenbin, Hirokazu Matsuno, Tim Kelly, Sakura Murakami, Hyonhee Shin, Josh Smith, David Brunnstrom, Trevor Hunnicutt, Ekaterina Golubkova, Lun Tian, Yoshifumi, Gerry Doyle Organizations: International Atomic Energy Agency, Tokyo Electric Power Co, Japanese, Reuters, U.S, IAEA, Biden's National Security Council, Center for Strategic, International Studies, Japan, South Korean, South, Gallup, Eurasia Group, Council, Foreign Relations, Global Times, Thomson Locations: Futaba, Japan, TOKYO, SEOUL, South Korea, Tokyo, China, Washington, East Asia, Taiwan, Beijing, Russia, North Korea, United States, Australia, Britain, Seoul, Seoul . U.S, Fukushima, Korean
An aerial view shows the Fukushima Daiichi nuclear power plant following a strong earthquake, in Okuma town, Fukushima prefecture, Japan in this photo taken by Kyodo on March 17, 2022. Members of a group that tracks such levels in food and seawater, they fear Japan's plans to release treated radioactive water into the sea near the Fukushima nuclear plant could stir an anxiety among residents reminiscent of the 2011 disaster. "The people of Fukushima endured the risks for the last 12 years and have confirmed the radiation level has dropped," said Ai Kimura, director of non-profit group Mothers' Radiation Lab Fukushima, also known as Tarachine. Japan is preparing this summer to start discharging into the Pacific more than a million tons of water from the tsunami-crippled power plant, but has not yet revealed the date. Reporting by Kiyoshi Takenaka, Akiko Okamoto and Tom Bateman; Editing by Chang-Ran Kim and Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.
Persons: Ai Kimura, Kimura, what's, Kimura's, Kiyoshi Takenaka, Akiko Okamoto, Tom Bateman, Chang, Ran Kim, Clarence Fernandez Organizations: Kyodo, Rights Companies Tokyo Electric Power Company Holdings, Tokyo Electric Power, Thomson Locations: Okuma, Fukushima prefecture, Japan, IWAKI, Fukushima, Iwaki, Pacific, China, Tarachine
[1/5] South Korean activists take part in a protest against Japan's plan to release treated waste water from the Fukushima nuclear power plant into the ocean, in central Seoul, South Korea, August 12, 2023. The signs read "Nuclear power plant is the problem". REUTERS/Kim Hong-JiCompanies Tokyo Electric Power Company Holdings Inc FollowSEOUL, Aug 12 (Reuters) - Hundreds of South Korean activists gathered in central Seoul on Saturday to protest against Japan's plan to release treated radioactive water from the tsunami-wrecked Fukushima nuclear power plant into the ocean. U.S. President Joe Biden will meet Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol for a trilateral summit on Aug. 18. The governments of South Korea, the U.S., and Japan should view it an environmental disaster, rather than a political issue, and agree to block it... for future generations," Choi said.
Persons: Kim Hong, Choi Kyoungsook, Joe Biden, Fumio Kishida, Yoon Suk, Choi, Gyun Kim, Joyce Lee, Raju Gopalakrishnan Organizations: South, Ji Companies Tokyo Electric Power Company Holdings, Korean, Asahi Shimbun, Korea Radiation Watch, Tokyo Electric Power, International Atomic Energy Agency, Japanese, Thomson Locations: Seoul, South Korea, Korea, Japan, U.S
This undated handout image shows the carbon sequesterization unit at American Electric Power Company's Mountaineer Plant near New Haven, West Virginia. REUTERS/Tom Dubanowich/Handout /File PhotoAug 8 (Reuters) - U.S. power plant owners warned the Biden administration on Tuesday that its sweeping plan to slash carbon emissions from the electricity sector is unworkable, relying too heavily on costly technologies that are not yet proven at scale. Proposed in May, the EPA plan would for the first time limit how much carbon dioxide power plants can emit, after previous efforts were struck down in court. Industry is particularly concerned about proposed standards for existing natural gas power plants, saying those facilities would be hard to retrofit with CCS, or hydrogen, due to space constraints and other limitations. The EPA's proposal had been crafted to reflect constraints the Supreme Court imposed on the agency after it ruled an Obama-era power plant proposal went too far by imposing a system-wide shift from fossil fuels to renewable energy.
Persons: Tom Dubanowich, Biden, EEI, Joe Biden, Jim Matheson, Nichola Groom, Valerie Volcovici, Sharon Singleton, Marguerita Choy Organizations: American Electric Power, Edison Electric Institute, U.S . Environmental Protection Agency, EPA, Task Force, Natural Resources Defense, National Rural Electric Cooperative Association, Labor, United Mine Workers of America, International Brotherhood of Electricity Workers, Thomson Locations: New Haven, West Virginia, U.S, Baltimore, Los Angeles, Washington
CNN —Severe flooding in Beijing was caused by the heaviest rainfall in 140 years, according to local meteorologists, and there’s little reprieve for the region as Typhoon Khanun lashes Japan with wind and rain. Meanwhile, Typhoon Khanun packed winds of 220 kilometers per hour (137 mph) – the equivalent of a Category 4 Atlantic hurricane – as it made its nearest pass to Japan’s southwestern Okinawa islands early Wednesday. In the past 24 hours, many locations in Okinawa have received 175 to 220 millimeters (6 to 8 inches) of rainfall, according to CNN Weather on Wednesday morning. People evacuate Tazhao village in Zhuozhou city, Hebei province of China on August 1, 2023. Zhai Yujia/China News Service/VCG/Getty ImagesOn Tuesday, more than 300 people were stranded in a residential building in Hebei’s Zhuozhou city, state-run outlet The Paper said.
Persons: Khanun, Zhai Yujia, Xi Jinping Organizations: CNN, Beijing Meteorological Service, CNN Weather, Okinawa Electric Power Company, Beijing Daily, CCTV, Xinhua, People, China News Service Locations: Beijing, Japan, Okinawa, Khanun, East, Ryukyu Islands, Zhejiang, Shanghai, Hebei, Tazhao, Zhuozhou city, China, Hebei’s Zhuozhou, Zhuozhou, Jilin, Heilongjiang, Inner Mongolia
TOKYO, July 7 (Reuters) - Japan's nuclear regulator granted approval on Friday for utility Tokyo Electric Power Co (Tepco), which ran the destroyed Fukushima Daiichi nuclear power plant, to start releasing more than a million tonnes of radioactive water. On Tuesday, the global watchdog, the International Atomic Energy Agency (IAEA), said a two-year review showed Japan's plan for the release would have negligible environmental impact. The Japanese regulator's certificate is the final step the utility required to begin the process. Reporting by Elaine Lies; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.
Persons: Elaine Lies, Clarence Fernandez Organizations: Tokyo Electric Power Co, International Atomic Energy Agency, IAEA, Thomson Locations: TOKYO
Unit 3 and unit 4 reactor buildings and storage tanks for contaminated water at the Tokyo Electric Power Company (TEPCO) Fukushima Daiichi nuclear power plant in Okuma, Fukushima prefecture. The U.N. nuclear agency gave its endorsement on Tuesday to Japan's planned release of treated radioactive wastewater into the sea from the damaged Fukushima nuclear plant, saying it meets international standards and its environmental and health impact would be negligible. The plan is opposed by groups in South Korea, China and some Pacific Island nations because of safety concerns and political reasons. However, it concluded that the water release as currently planned "will have a negligible radiological impact on people and the environment." Japan's plan and the equipment for the discharge are "in conformity with the agreed international standards and its application," Grossi said.
Persons: Japan's, Rafael Mariano Grossi, Fumio Kishida, Grossi Organizations: Tokyo Electric Power Company, International Atomic Energy Agency Locations: Fukushima, Okuma, South Korea, China, United States, France
The water was distilled after being contaminated from contact with fuel rods at the reactor, destroyed in a 2011 earthquake. Tanks on the site now hold about 1.3 million tonnes of radioactive water - enough to fill 500 Olympic-sized swimming pools. Tepco will dilute the water until tritium levels fall below regulatory limits before pumping it into the ocean from the coastal site. Water containing tritium is routinely released from nuclear plants around the world, and regulatory authorities support dealing with the Fukushima water in this way. Fishing unions in Fukushima have urged the government for years not to release the water, arguing it would undo work to restore the damaged reputation of their fisheries.
Persons: Gerry Doyle Organizations: Tanks, Electric Power Company, Tepco, Tokyo, Thomson Locations: TOKYO, Japan, Fukushima, China
Japan to get crucial UN verdict for Fukushima water release
  + stars: | 2023-07-04 | by ( ) www.cnbc.com   time to read: +2 min
Construction site of the unit 5,6 seaside facilities of the Tokyo Electric Power Company's (TEPCO) Fukushima Daiichi nuclear power plant, in Okuma of Fukushima prefecture. Japan is set to receive a report from a U.N. nuclear watchdog on Tuesday approving its plan to release treated radioactive water from the tsunami-wrecked Fukushima plant into the ocean despite fierce resistance from Beijing and some local opposition. Japan has not specified a date to start the water release, which will take 30 to 40 years to complete, pending the IAEA's review and official approval from the national nuclear regulatory body for Tokyo Electric Power . Through its embassy in Japan, Beijing on Tuesday said the IAEA's report cannot be a "pass" for the water release and called for the plan's suspension. Japan maintains the process is safe as it has treated the water — enough to fill 500 Olympic-sized swimming pools — used to cool the fuel rods of the Fukushima plant after it was damaged by the earthquake and tsunami in 2011.
Persons: Rafael Grossi, Fumio Kishida, Yoshimasa Hayashi Organizations: Tokyo Electric Power, International Atomic Energy Agency Locations: Fukushima, Okuma, Fukushima prefecture, Japan, Beijing
CNN —Japan will soon begin releasing treated radioactive water into the ocean following approval from the United Nations’ nuclear watchdog for a controversial plan that comes 12 years after the Fukushima nuclear meltdown. Radioactive wastewater contains some dangerous elements, but the majority of these can be removed from the water, said TEPCO. The real issue is a hydrogen isotope called radioactive tritium, which cannot be taken away. A survey by Asahi Shimbun in March found that 51% of 1,304 respondents supported the wastewater release, while 41% opposed it. People in Tokyo protest against the Japanese government's plan to release nuclear wastewater into the sea on May 16, 2023.
Persons: Rafael Grossi, Fumio Kishida, Daniel Campisi, Grossi, ” Robert H, Richmond, , ” Grossi, , Han Duck, Yonhap, aren’t, Tim Mousseau, Wang Yiliang, Zhang Xiaoyu Organizations: CNN, United Nations, International Atomic Energy Agency, IAEA, UN, Tokyo Electric Power Company, TEPCO, Canadian Nuclear Safety Commission, US Nuclear Regulatory Commission, Kewalo, Laboratory, University of Hawaii, Forum, World Health Organization, State Department, Atomic Energy Council, Pacific Islands Forum, Korean, US, Nuclear Regulatory Commission, University of South, Reuters, Getty, Asahi Shimbun, Locations: Japan, Fukushima, China, Manoa, Richmond, Asia, Pacific, California, Taiwan, Australia, New Zealand, University of South Carolina, South Korea, Seoul, Xinhua, Tokyo
TOKYO, June 9 (Reuters) - The Japanese government on Friday called for households and industries around Tokyo to save electricity in July and August to ensure a stable power supply during the peak summer season, though it did not set any numerical targets. The country's power market is predicted to be less tight this summer in most of the regions than last summer when the government asked for energy conservation across the nation, according to the industry ministry's forecast in May. But the ministry has decided to ask for the power saving "within a reasonable range" during the two months in the areas, where power is supplied by the Tokyo Electric Power Company Holdings (9501.T), as the reserve ratio is estimated to be below 5%, close to the minimum 3% that ensures stable supply. The reserve capacity ratio below 3% risks power shortages and blackouts. Reporting by Yuka Obayashi; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
Persons: Yuka Obayashi, Stephen Coates Organizations: Tokyo Electric Power Company Holdings, Ministry, Economy, Trade, Industry, Thomson Locations: TOKYO, Tokyo, Japan
Within the bomb’s hypocenter, only the half-exploded Genbaku Dome – formerly the Hiroshima Prefectural Industrial Promotion Hall – was left standing as the bombing razed Hiroshima city to the ground. A man relaxes alongside the river on a bench overlooking the Genbaku Dome. ET), Hiroshima city lost roughly 40% of its population, which numbered around 300,000 people at the time. Full-scale reconstruction only began in August 1949 after the Hiroshima Peace Memorial City Construction Law was promulgated, allowing the national government to extend special financial support to Hiroshima. “It’s impressive how Japanese people rebuilt the city from scratch again – building a beautiful city full of green spaces.
TOKYO, May 19 (Reuters) - A team of around 30 South Korean experts will visit Japan during May 22-25 to inspect facilities related to water release from the wrecked Fukushima Dai-ichi nuclear power plant, Japan's foreign ministry said on Friday. The visit was agreed during Japanese Prime Minister Fumio Kishida's visit to Seoul earlier this month as his counterpart, South Korea's President Yoon Suk-yeol, is seeking to improve relations with Japan after years of tensions. Japan plans to release the water from Tokyo Electric Power Co's (9501.T) Fukushima plant, which was destroyed during the 2011 nuclear disaster, into the sea sometime "around this spring or summer, raising concerns in neighbouring countries. Reporting by Kantaro Komiya; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.
The year is nearing its halfway mark, and global stocks have been doing much better than they had in volatile 2022. CNBC Pro screened for stocks that are beating the market nearly halfway into the year — and that analysts love. Only one stock had a 100% buy rating: Japan's Kansai Electric Power Company , a nuclear electric power generation firm. U.S. semiconductor firm Onsemi also made the screen, with analysts giving it 28% potential upside and a nearly 60% buy rating. Italian bank UniCredit had the highest potential upside in the list, at 85%, on top of a decent 88% buy rating.
South Korea lifts power prices by 5.3% in delayed move
  + stars: | 2023-05-15 | by ( ) www.reuters.com   time to read: +2 min
It is the second increase in power prices this year after a sharper 9.5% hike that took effect at the beginning of the year. The price adjustment had been due on April 1 but was delayed after a public outcry about the increased cost of living. Korea Electric Power Corp (KEPCO), the state-run electricity powerhouse, suffered an operating loss of 6.2 trillion won ($4.69 billion) for the first quarter after a huge 32.6 trillion won loss for the whole of last year. The ministry also announced a 5.3% increase in city gas prices for households. With parliamentary elections some 11 months away, the latest opinion poll by Gallup Korea showed last Friday the disapproval rating on President Yoon stood at 59%, far outpacing the approval rating of 35%.
The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.
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