Korea's Five Gencos to Merge: Scale Gains vs. Monopoly Risks

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Korea's Five Gencos to Merge: Scale Gains vs. Monopoly Risks

South Korea's government has decided to consolidate five state-owned power generators (Korea East-West Power, Korea Midwestern Power, Korea Western Power, Korea Southern Power, and Korea Southeastern Power) into a single entity called 'Korea Generation' after 25 years of operating separately.

By Korea Offshore Wind Intelligence

/ 4 Sep 2026

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Jeju Governor Eyes Withdrawal of 130B Won Profit-Sharing Condition for Chuja Offshore Wind

By Korea Offshore Wind Intelligence

/ 5 Sep 2026

Jeju Governor Eyes Withdrawal of 130B Won Profit-Sharing Condition for Chuja Offshore Wind

Daily News

Korea Genco Merger Essential for Renewable Energy Transition

By Korea Offshore Wind Intelligence

/ 5 Sep 2026

Korea Genco Merger Essential for Renewable Energy Transition

Daily News

Ørsted Pauses Incheon Offshore Wind Project Over Profitability Concerns

By Korea Offshore Wind Intelligence

/ 5 Sep 2026

Ørsted Pauses Incheon Offshore Wind Project Over Profitability Concerns

Daily News

South Korea targets October 2027 launch of unified Genco

By Korea Offshore Wind Intelligence

/ 5 Sep 2026

South Korea targets October 2027 launch of unified Genco

Daily News

Offshore Wind Emerges as Key Power Source with Special Law Accelerating Permits

By Korea Offshore Wind Intelligence

/ 4 Sep 2026

Offshore Wind Emerges as Key Power Source with Special Law Accelerating Permits

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Wind turbines along Korea's southwest coast at golden hour

Deep Dive

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Korea's 2026 H1 Offshore Wind Tender — All Five Awarded Projects Use Korea-Made or Korea-Assembled Turbines

By Korea Offshore Wind Intelligence

/ 30 Jun 2026

The Math of ₩250 — Is Korea's LCOE Target Industrial Policy, or Political Declaration?

/ Members-only

The Math of ₩250 — Is Korea's LCOE Target Industrial Policy, or Political Declaration?

By Korea Offshore Wind Intelligence

/ 21 May 2026

Offshore wind turbines in morning sea haze, Korea

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The Great Retreat: Why Global Developers Are Abandoning Korea's Offshore Wind

By Korea Offshore Wind Intelligence

/ 26 Apr 2026

Korea's 2026 H1 Offshore Wind Auction: Price Decoupling for Floating and the End of Non-Price Gatekeeping

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Korea's 2026 H1 Offshore Wind Auction: Price Decoupling for Floating and the End of Non-Price Gatekeeping

By Korea Offshore Wind Intelligence

/ 31 Mar 2026

Korea's Offshore Wind Cluster : Comprehensive Status Report

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Korea's Offshore Wind Cluster : Comprehensive Status Report

By Korea Offshore Wind Intelligence

/ 26 Mar 2026

Korea's Offshore Wind Special Act: The Planned Site System & Regulatory Framework

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Korea's Offshore Wind Special Act: The Planned Site System & Regulatory Framework

By Korea Offshore Wind Intelligence

/ 24 Mar 2026

Korea's Offshore Wind Golden Hour: Strategic Priorities for Breaking Grid Bottlenecks

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Korea's Offshore Wind Golden Hour: Strategic Priorities for Breaking Grid Bottlenecks

By Korea Offshore Wind Intelligence

/ 22 Mar 2026

Korea's Offshore Wind Cluster

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Korea's Offshore Wind Cluster

By Korea Offshore Wind Intelligence

/ 18 Mar 2026

Policy & Legal Framework

Korea's offshore-wind law — mapped, tracked, updated daily

LIVE · UPDATED 2026-06-30

3

Laws in force

Offshore Wind Special Act, Presidential Decree & Enforcement Rules — all in effect.

13

Bills before the Assembly

Offshore-wind bills in the 22nd National Assembly — 1 enacted, 2 under review.

~28

Statutory authorizations

Permits a project must obtain across roughly 19 agencies.

Latest updates

Across the framework

2026-06-30Policy Briefings

Offshore wind medium-to-long-term bidding roadmap released

2026-06-30Policy Briefings

H1 2026 offshore wind auction selects five projects, 1,786 MW

2026-06-17Policy Briefings

Government leadership conducts offshore wind industry site visit

2026-05-17Legislation

Special Act on the Promotion of Offshore Wind Deployment and Industry Development

2026-05-15Policy Briefings

Shared offshore wind grid connection facility reduces costs and timelines

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