SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 July, 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
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): _______
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): _______
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
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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).
July 24, 2003
Korea Electric Power Corporation ("KEPCO") expects that over next few years
through several instances, the Republic of Korea ("Korea") will make
contribution in kind of certain electric facilities that are currently under the
management of the Ministry of Defense of Korea to KEPCO. KEPCO plans to issue
certain amount of common stocks to Korea in return for the contribution.
The total value of the contribution is estimated to be 44.7 billion Korea Won,
and the amount of common stocks to be issued for such contribution is estimated
to be 2,350,000 shares, or 0.37% of total outstanding common stocks.
As a result of this contribution, Korea's direct ownership of KEPCO is estimated
to increase to 32.6% (indirectly, 54.1%) from currently 32.4% (indirectly
53,9%). The first contribution in the amount of 14.7 billion Korea Won is
expected to be made during the balance of 2003.
The required amendment to the Articles of Incorporation of KEPCO to accommodate
such contribution is currently proposed to be resolved at the Extraordinary
Shareholders' Meeting to be held on July 31, 2003 as set forth in the Form 6-K
filed with the U.S. Securities and Exchange Commission on July 14, 2003.
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/ Do-shik Lee
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Name: Do-Shik Lee
Title: Head of Treasury Department
Date: July 24, 2003