SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the Month of February, 2003
KOREA ELECTRIC POWER CORPORATION
(Translation of registrant's name into English)
167, Samseong-dong, Gangnam-gu, Seoul 135-791, Korea
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
----- ------
(Indicate by check mark whether the registrant by furnishing
the information contained in this form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.)
Yes No X
----- -----
(If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82-_______.)
This Report of Foreign Private Issuer on Form 6-K is deemed filed for all
purposes under the Securities Act of 1933, as amended, and the Securities
Exchange Act of 1934, as amended, including by reference in the Registration
Statement on Form F-3 (Registration No. 33-99550) and the Registration Statement
on Form F-3 (Registration No. 333-9180).
The Board of Directors of Korea Electric Power Corporation ("KEPCO") passed a
resolution for the following 3 items on February 21st 2003.
1. Proposed non-consolidated financial statements for the fiscal year 2002
(Selected items of the non-consolidated income statement)
unit : Korean Won in Billions
------------------------------------------------
Year 2002(A) Year 2001(B) (A)-(B)
------------ ------------ -------
Operating revenues 21,048 19,821 1,227
Operating expenses 19,165 17,858 1,307
Operating income 1,883 1,962 -79
Other income 3,446 2,143 1,303
Other expenses 1,001 1,580 -579
Ordinary income 4,328 2,526 1,802
Net income 3,060 1,778 1,282
* Note: The numbers are not directly comparable, as KEPCO separated
generating business into six subsidiaries on April 2nd 2001.
2. Proposed dividend payment for the fiscal year 2002
FY 2002 FY 2001
-------------- --------------
Dividend per share 800 Korean Won 550 Korean Won
Dividend rate per par value 16.0% 11.0%
Dividend payout ratio 16.7% 19.8%
Number of shares issued and outstanding 640,100,876 640,100,876
3. Proposed date, time, place and agenda of Annual General Shareholders'
Meeting
Date and Time March 21st 2003, 10:00 AM (Seoul Time)
Place Grand Hall, at the head office of KEPCO,
167 Samseong-dong Gangnam-gu Seoul, Korea
Agenda Approval of balance sheet, profit and loss statement and
statement of appropriation of retained earnings for the
fiscal year 2002
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
KOREA ELECTRIC POWER CORPORATION
By:/s/ Chung, Soo Eun
--------------------------
Name: Chung, Soo Eun
Title: Chief Financial Officer
Date : February 24, 2003