Tracks the 2001 split of Korea Electric Power Corporation's generation business into six companies, including five thermal generation companies and Korea Hydro & Nuclear Power, and the government's 2026 decision to integrate those five companies into a single generation company.
3 events · 4 sources · Updated 16 days ago
Korea Electric Power Corporation split its generation business, creating six generation companies including Korea South-East Power, Korea Midland Power Co., Ltd., Korea Western Power Co., Ltd., Korea Southern Power Co., Ltd., Korea East-West Power Co., Ltd., and Korea Hydro & Nuclear Power. The restructuring was pursued as part of a policy to introduce competition and improve management efficiency in power generation.
The Ministry of Climate, Energy and Environment met with the heads of the five state-owned generation companies to discuss restructuring. The government said it would prepare a restructuring plan based on its research and stakeholder consultations.
The Ministry of Climate, Energy and Environment announced a plan to merge the five generation companies into a single company tentatively named Korea Power Generation, wholly owned by Korea Electric Power Corporation. The government aims to launch the integrated company on October 1, 2027, following special legislation and integration preparations.