South Korea Considers Merging Five Power Companies into One

South Korea's five major power generation public companies may be consolidated into a single entity, according to a government-commissioned study. The Ministry of Climate and Energy Environment is expected to unveil a restructuring plan next month, following the findings of a report that advocates for merging Korea Hydro & Nuclear Power, Korea South-East Power, Korea Midland Power, Korea Western Power, and Korea Southern Power.

The intermediate report, titled 'New Role of Power Generation Public Companies in the Energy Transition Era,' was presented by Samil PricewaterhouseCoopers. The analysis, released on June 18 at the Korea Electric Power Corporation Art Center in Seoul, was discussed with experts and stakeholders.

The study suggests that consolidating these five companies could lead to greater efficiency in power generation and supply, particularly as the nation navigates its energy transition. The Ministry of Climate and Energy Environment is now reviewing these recommendations to formulate its future policy.