SoftBank Group (SBG) has signed a joint Memorandum of Understanding (MOU) with State Grid Corporation of China (SGCC), Korea Electric Power Corporation (KEPCO), ROSSETI to cooperate on research and planning to promote an interconnected electric power grid spanning Northeast Asia.

Based on this MOU, the four companies will start feasibility studies on multinational power grid interconnection in the Northeast Asia region and jointly conduct business evaluation studies. The four companies will then request relevant governments to support and form business structures to realize the proposed plan.

SBG, SGCC, KEPCO and ROSSETI will cooperate to realize and promote global power grid interconnection in Northeast Asia.

The SoftBank Group is a global technology player that aspires to drive the Information Revolution by supporting disruptive entrepreneurs.

The SoftBank Group is comprised of the holding company SoftBank Group Corp. and its global portfolio of companies, which includes advanced telecommunications, media and Internet services and clean energy technology providers.