Jeju Governor Wee Sung-gon indicated plans to withdraw the 130 billion won annual profit-sharing requirement that contributed to the failed bidding for the 2.3 GW Chuja-do offshore wind project.
South Korea's government announced plans to merge five state-owned power generation companies (Gencos) into a single entity under Korea Electric Power Corporation, framing the consolidation as necessary for accelerating renewable energy transition and managing coal phase-out.
Ørsted, the world's leading offshore wind developer, has suspended its 1.4 GW Incheon offshore wind project due to weakened financial returns and increased risks, according to internal communications reported by UK energy media in late August.
South Korea's government announced plans to merge five state-owned power generation companies (KOEN, KOMIPO, KOWEPO, KOSPO, EWP) into a single entity called Korea Power Generation by October 1, 2027.
South Korea's offshore wind industry is gaining momentum as a core clean energy source, with the March 2026 Offshore Wind Power Generation Special Law streamlining the permitting process.
South Korea's government has initiated a planned-site procedure for offshore wind development, consolidating site discovery, community consultation, developer selection, and permitting under public leadership.
Seah Group is leveraging its steel expertise to supply critical components for Korea's energy transition, including monopiles for offshore wind through UK-based Seah Wind and jacket foundations for the Sinan-Ui offshore wind project.
Pacifico Energy Korea announced multi-billion-dollar investment commitments for two major offshore wind projects in Jindo, Jeollanam-do: the 990MW Manho project and the 1.8GW Jindo Baram project, registered with South Korea's Ministry of Trade, Industry and Energy.
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.
Gunsan City in North Jeolla Province successfully completed its public-led large-scale offshore wind zone development support project, receiving high marks from the Korea Energy Agency.
Incheon's Yellow Sea fishing grounds, which produce over 70% of Korea's blue crabs, face existential conflict as multiple offshore wind projects totaling 7+ GW advance across critical fishing zones.
South Korea's government announced a shift from developer-led to government-planned offshore wind site selection, establishing the Offshore Wind Power Generation Committee to oversee the new planned-site system.
