South Korea announced plans to merge five public power companies by October 2027 to accelerate investment for AI and chip energy needs. The government also intends to streamline state enterprises in oil, gas, and ports.
South Korea plans to integrate five state-owned power companies by October 2027 to accelerate investment and meet growing energy demand from its AI and semiconductor sectors. The government in Seoul also intends to streamline public enterprises in the oil, gas and port industries.
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