Published:
Korea is dead serious on finishing IPOs for 8 public energy firms by 2020
The move is to improve the companies' financial condition.
Korea's state news agency Yonhap News reported that the it eyes gradually completing IPOs for its public energy companies by 2020 to help boost their financial status.
The firms are Korea South-East Power Co., Korea Southern Power Co., Korea East-West Power Co., Korea Western Power Co., Korea Midland Power Co., Korea Hydro & Nuclear Power Co., KEPCO KDN Co. and Korea Gas Technology Corp.
Korea's Ministry of Strategy and Finance said that comprehensive details on the IPO plans will be announced next month.
Yonhap News added that Korea South-East Power Co. and Korea East-West Power Co. will be listed on South Korea's main KOSPI market next year in the first batch of IPOs.
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