LS ELECTRIC and Korea Electric Power Corporation (KEPCO) signed a memorandum of understanding on the 14th to jointly develop and demonstrate distribution-level power electronics technology. Their main project, Distribution Grid-Forming (technology that autonomously establishes grid voltage and frequency), is designed to improve stability as solar, wind and energy storage systems expand. The companies will also research smart transformers and microgrids with Black Start (restoration using emergency power sources). After domestic demonstrations, they plan to pursue joint commercialization for global export.