[KOGAS press release/June 17, 2024] The Korea Gas Corporation (KOGAS) convened its "2nd KOGAS Forum" at the President Hotel in Seoul on June 13, focusing on the imperative of normalizing gas prices to encourage rational consumption choices. 

The forum, a key gathering for energy experts, brought together over 100 professionals from academia, major global corporations, city gas providers, and power generation companies. They engaged in discussions aimed at finding viable solutions to pressing issues within the domestic and international natural gas sectors.

Central to the discussions was the urgent need to stabilize gas pricing, a crucial step highlighted by the financial challenges facing KOGAS, exacerbated by mounting receivables. Participants from diverse backgrounds unanimously agreed on the necessity to promptly implement rate adjustments to alleviate the corporation's financial strain. 

Choi Yeon-Hye, President and CEO of KOGAS, emphasized the corporation's proactive measures to overcome its financial crisis. These include adjusting investment strategies and expanding welfare initiatives, such as reduced fees for socially vulnerable groups heavily dependent on energy support. The 2nd KOGAS Forum underscored the industry's commitment to addressing critical challenges through collaborative efforts and strategic reforms in gas pricing and financial management.