South Korea s Latest Power Distribution Box
(NYSE: GEV) today announced that it has been chosen through its joint venture, KAPES, by Korea Electric Power Corporation (KEPCO) to deliver its advanced High Voltage Direct Current (HVDC) system, based on Line. Advanced HVDC system, based on Line Commutated Converter (LCC) technology, aims for reliable and efficient power transmission and can support South Korea's energy transition by integrating renewable energy into the grid. On 21 June 2025, the National Planning Commission released the "New Government Growth Policy Explanation", which outlines structural reforms and policy directions centred on energy transition. South Korea's Ministry of Trade, Industry and Energy publishes the Basic Plan for Electricity Supply and Demand every two years. This plan outlines the country's energy strategy, including future energy needs, capacity distribution, and renewable energy initiatives.
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