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 February 2004
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).
Korea Electric Power Corporation ("KEPCO") announces its un-audited
non-consolidated income statements for the fiscal year 2003 as follows. This
financial information is preliminary, and subject to audit and approval by
general shareholders' meeting of KEPCO.
Unit: billion Korean Won
2003 2002
Operating Revenues 22,398 21,048
Sales of Electricity 21,915 20,569
Other Operating Revenues 173 147
Others Business 310 332
Operating Expenses 20,585 19,165
Purchased Power 15,725 14,533
Labor Costs 768 696
Retirement Benefit 89 91
Maintenance Costs 801 793
Depreciation 1,580 1,486
Commission & Consultation Fees 434 384
Fuel 13 1
Others 868 845
Others Business 308 327
Operating Income 1,813 1,883
Non-Operating Income 2,595 3,446
FX Gain 22 423
Investment Income on Equity Method 2,124 2,179
Others 450 844
Non-Operating Expenses 1,309 1,001
Interest Expenses 584 628
FX Loss 206 25
Others 519 348
Recurring Profit 3,100 4,328
Income Tax Expense 784 1,269
Net Income 2,316 3,060
Purchased power from its six generating subsidiaries in 2003 was Won
14,341billion vs. Won 13,325billion in 2002. The aggregate fuel cost of all six
generating subsidiaries in 2003 was Won 5,473billion in 2003 vs. Won
5,018billion in 2002. The aggregate net income of all six generating
subsidiaries was Won 1,896billion in 2003, vs. Won 1,898billion in 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/ Lee, Hi-Taek
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Name: Lee, Hi-Taek
Title: Chief Financial Officer
Date: February 17, 2004