Korea Electric Power Says South Korean Government's Power Generator Merger Details Undecided

MT Newswires Live

3小时前

Korea Electric Power (KRX:015760) said Friday that the details of the South Korean government's plan to merge its five power generation subsidiaries, combining oil and gas firms in a sweeping energy overhaul, into a single entity are yet to be decided.

The clarification came after The Herald Business and other media outlets published reports on the same on Thursday. Korea Electric Power will make another disclosure once specific details are determined or within a month, the company said in a Friday filing with the Korea Exchange.

Shares of Korea Electric Power fell nearly 1% in recent trade.

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