The government expects fifteen public enterprises in the country will report a net loss of nearly six-point-seven trillion won this year.

The government recently submitted to the National Assembly public firms' mid- and long-term financial management data.

According to the data, 15 state-owned corporations and semi-government organizations are expected to report a net loss of six-point-67 trillion won in 2021.

The expected loss is almost twice the comparable figure for last year, which posted three-point-39 trillion won.

The deficit is largely due to the Korea Electric Power Corporation (KEPCO) and its six subsidiaries, which are projected to post a deficit of four trillion won this year.

Railroad operator KORAIL and Incheon International Airport Corporation, both hit hard by the COVID-19 pandemic, are also expected to report a combined net loss of two trillion won.