Original Korean article: news1.kr
English brief by Korea Wind Intelligence, koreawindintel.com
Competition among local governments to attract the integrated headquarters of the Five Gencos (Korea South-East Power, Korea Southern Power, Korea East-West Power, Korea Western Power, and Korea Midland Power) is intensifying, with Naju in Jeollanam-do and Gwangju drawing attention for its competitive advantages as an aspiring "energy capital."
According to industry sources on September 8, 2026, the government plans to consolidate the Five Gencos into a single legal entity called Korea Power Corporation by 2028 to improve operational efficiency and unify energy transition policy. In response, local governments including Naju, Taean and Dangjin in South Chungcheong, Jinju in Gyeongsangnam-do, and Jung-gu in Ulsan have entered the competition, citing reasons such as preventing economic collapse in their regions, securing tax revenue, and preserving existing infrastructure.
