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    "headline": "South Korea Merges Five Power Utilities into Global Top 8 Firm",
    "dek": "South Korea plans to merge five state-owned power utilities into a single entity, 'Korea Power,' launching in October 2027.",
    "prose": "The merged entity, 'Korea Power,' is a 100% subsidiary of Korea Electric Power Corporation and is scheduled to officially launch on October 1, 2027. [^1]\n\nThe Ministry of Climate, Energy, and Environment announced on April 4 that five state-owned power utilities in South Korea will be merged into a single company named 'Korea Power'. [^2]\n\nPresident Lee Jae-myung announced that the government will consolidate 109 public agencies with similar or duplicate functions, including merging the five power generation companies into a new entity tentatively named 'Korea Power'. [^3]\n\nPresident Lee Jae-myung stated on September 3, 2026, that the integration of the KTX and SRT rail systems is a concrete realization of his 2022 campaign pledge to absolutely oppose the privatization of electricity, water, airports, and railways. [^4]\n\nThe five existing power utilities hold a combined generation capacity of approximately 53GW, which will form the basis of the new company's scale. [^5]\n\nUpon completion, the new 'Korea Power' is projected to become the world's eighth-largest power generator, excluding China. [^6]\n\nThe merged Korea Power will hold approximately 53GW of generation capacity, ranking it as the 8th largest power company globally. [^7]",
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