A Nonentity Writes

log date: 2026-5-24 The shares of public sector enterprises cannot be traded on the stock exchange because the shares of listed companies affect the ownership structure. Public sector companies are established with public funds and are operated by the government for the purpose of profit seeking for the public interest. Since a state-owned organization where the government determines product prices through supply terms and conditions, must engage in management activities that align with the public interest, it is reasonable to legally prohibit them from listing on the stock exchange. Korea Electric Power Corporation (hereinafter KEPCO) is perceived as a public sector enterprise to such an extent that if you ask South Koreans what kind of company KEPCO is, nine out of ten Koreans will answer that it's a state-owned enterprise. It is true that the government determines KEPCO's electricity rates through the Electricity Supply Terms and Conditions; therefore, viewing KEPCO as a pub...

May the deceased rest in peace. Source: News Tomato Today marks the 17th anniversary of the passing of Roh Moo-hyun, the 16th President of the Republic of Korea, who was the most beloved and popular president in history. He passed away suddenly after suffering harsh harassment from the prosecution, corrupt media, and the successor administration. Every year, countless Koreans attend memorial services to mourn his passing. The Roh Moo-hyun Foundation was established in September of the same year to commemorate President Roh Moo-hyun who passed away in May 2009. log date: 2026-5-23 The Roh Moo-hyun Foundation (노무현재단) has raised various suspicions since its inception. Although a long time has passed, the fundamental issue that needs to be rectified now is that the foundation's activities and the use of donations are unrelated to President Roh Moo-hyun (노무현 대통령). Above all, the most serious and urgent issue is that a specific group of people may be embezzling a significant portion of t...

log date: 2026-5-1 "The privatization of KEPCO has infringed upon our citizens' fundamental rights to energy." From the perspective of ownership, KEPCO is a company that has completed privatization. Not only was it listed on the stock exchange in 1989 and the New York Stock Exchange in 1994, but the ownership structure of KEPCO shares has reached a level that threatens South Korea's energy sovereignty. South Korea government owns only 18.2% of KEPCO shares, while the Korea Development Bank owns 32.9% and foreigners own 22.26% . (As of April 10, 2026) (Source:  곽상언TV )  Preface I would like to clarify that the content of this post is sourced from a book authored by lawyer Sahng-eon Gwak and video materials from his YouTube channel. Based on his litigation records and explanations, this post aims to identify unlawful business conduct of KEPCO's progressive residential electricity pricing system and to document the progress of the lawsuit and the facts that have emer...

log date: 2026-4-14 rewrote: 2026-6-1 Opening with a brief explanation of how South Korea's democratic system has rapidly collapsed along with its corrupt electoral system; it was revealed through a significant amount of evidence that the National Election Commission (hereinafter NEC), the institution responsible for conducting fair and transparent elections, has instead been committing fraud. While this is undoubtedly a shocking fact, public awareness has been surprisingly slow despite the disclosure of sufficient evidence. When we first began to pay a close attention in South Korea's corrupt electoral system, one thing was clear: a pervasive social atmosphere where people turned a blind eye to the NEC's brazen fraud and fail to even recognize that such actions were wrong. According to those who conducted the investigation, it was revealed that high-ranking public officials condoned and protected the NEC despite being aware of its misconduct. It is presumed that lawmakers ...