South Korea to combine 5 utilities to prepare for AI, chip power demand

Seoul also looks to streamline public corporations in oil, gas, ports South Korean President Lee Jae Myung holds a news conference in June. His economic growth strategy calls for investment in semiconductors, physical AI and large AI data centers. (Yonhap via Kyodo) SEOUL — South Korea plans to integrate five public power companies in October 2027, hoping to speed investments that meet rising energy demands as the country's artificial intelligence and chipmaking sectors grow.

Read the full article at the source →