South Korea-based Korea Electric Power Corporation and GE have signed an MoU to establish infrastructure for HVDC technology in the Bitgaram Energy Valley in Naju city, South Korea. Under the MoU, the companies have agreed to cooperate on localising the HVDC technology. This will leverage the Bitgaram Energy Valley further as the main HVDC test-bed, and will lead to investments in digital grid applications and data analysis. For supporting this initiative, GE will open an office in Naju by end-March 2017. The digitisation of the power industry will provide new business models for the introduction of HVDC, renewable energy and energy storage systems in South Korea’s power market.