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 December, 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-_______.
December 2, 2003
Pursuant to the shareholders' resolution (as filed with U.S. SEC dated on July
24, 2003) and applicable laws of the Republic of Korea ("Korea"), our board of
directors passed the resolution to accept the offer by the Ministry of Defense
of Korea to make a contribution in kind of certain electric facilities that have
been under the management of the Ministry of Defense.
Pursuant to applicable laws of Korea, the value of the contribution has been
evaluated to be Won 14,663,881,500, in return for which it is expected that we
will issue 645,701 shares of common stock or 0.10% of total outstanding shares
of common stock to the Government of Korea who owns 32.4% (53.9%, including
indirect ownership), with the implied value of our common stock being Won 22,710
per share.
The exact value of our common stock and accordingly, the number of shares of
common stock to be issued for that purpose is subject to the approval of the
Ministry of Finance & Economy of Korea. The closing of the transaction is
scheduled on December 24, 2003 and the newly issued stock will be eligible for
dividends starting from January 1, 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/ Lee, Hi-Taek
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Name: Lee, Hi-Taek
Title: Chief Financial Officer
Date: December 2, 2003