Dispersive shock waves (DSWs) are physically important phenomena that occur in systems dominated by weak dispersion and weak nonlinearity. The Korteweg-de Vries (KdV) equation is the universal model for systems with weak dispersion and weak, quadratic nonlinearity. Here we show that the long-time-asymptotic solution of the KdV equation for general, step-like data is a single-phase DSW; this DSW is the 'largest' possible DSW based on the boundary data. We find this asymptotic solution using the inverse scattering transform and matched-asymptotic expansions. So while multi-step data evolve to have multiphase dynamics at intermediate times, these interacting DSWs eventually merge to form a single-phase DSW at large time.