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 2006

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 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

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 Chairman & Chief Executive Officer of Korea Electric Power Corporation (“KEPCO”), Mr. Joon-Ho Han, will host an investor conference as follows;

# Attachment: Information to be presented at the conference

Investor Presentation 2006. 3. 3. This material has been prepared by Korea Electric Power Corporation for the information of investors of the company.  This is not intended as an offer or solicitation for the purchase or sale of any financial instrument or securities.  While reasonable care has been taken to ensure that the information contained herein is not untrue or misleading at the time of preparation, the company makes no representation as to its accuracy or completeness.  Any projections or estimates may be different from actual results. * * * * * *

2 Table of Contents I. Overview II. Business & Operations III. Financial Profile IV. Strategic Initiatives *

I. Overview * * * * * * *

4 Power Monopoly in Korea Generation Transmission Distribution 100% *  Based on gross generation (FY2005) 100% 96% Assets Revenues Generating Capacity Market Capitalization KRW 75.0 trillion (USD 73.1 billion) KRW 25.2 trillion (USD 24.9 billion) 55,954 MW KRW 24.2 trillion (USD 23.9 billion) Credit Rating A2(Moody’s), A(S&P) • Assets : as of June 30, 2005 (Consolidated) • Revenues : as of Dec. 31, 2005 (KEPCO + GENCOs, preliminary & un-audited) • Generating Capacity : as of Dec. 31, 2005 • Market Cap.: as of Dec.31, 2005, USD/KRW=1,013.0 • Moody’s raised credit rating higher than the government on May 25, 2005 *

II. Business & Operations * * * * * * *

6 Demand Growth for FY2005 (yoy) Residential Commercial Industrial Overall 9.2% Volume Revenue   6.2% 5.2% 6.5% 6.4% 7.4% 5.3% 6.3% Unit Sales Price FY2004 Residential Commercial Industrial Average 91.1 95.2 60.2 74.5 (Won/Kwh) 90.9 96.9 60.2 74.6 FY2005 Demand Growth Demand Growth Forecast 2007           : 4.3% 2008 ~ 2011 : 3 – 4% Sales Volume Historical Demand Growth & GDP (%) Demand Growth GDP Growth Sales Volume 8.5 3.8 7.0 3.1 4.6 11.8 7.6 8.0 5.4 6.3 2000 2001 2002 2003 2004 2005 6.5 4.0 2006 5.9 5.0 (Unit : 1,000 GWh) 240 258 278 294 312 332 352 • Forecast value for 2007 onward by MOCIE & KPX • Actual results may differ from the forecast

7 Tariff History of Tariff Adjustment Management Strategies on Tariff Adjustments • Rebalancing tariffs among different customers to recover the different cost of supply in a timely manner • Reclassifying commercial, industrial, and educational customers by voltage supplied • Narrowing the gap between the highest and lowest tariffs within residential customer base * Tariffs were increased by 1.9%, while the rate of The Electric Power Industry Basis Fund was decreased by 0.9% from 4.59 to 3.7%   This resulted in 2.8% tariff increase 2004.3. 5.9% 6.5% 5.3% 4.0% 1997.7. 1998.1. 1999.11. 2000.11. 1995.5. 4.2% -0.1% 2002.6. 0.0% 1996 0.0% 2001 2003 0.0% -1.5% 2.8% 2005.12. 1.9% *

8 Fuel Price & Expense (1) Fuel Price & FX trends FY2005 Fuel Expense FY2004 FY2005 yoy 54.9 56.5 2.9% 432.5 494.6 14.4% 247.9 287.5 16.0% Unit Price & FX Rate Change (1,000Won/ton,Won/liter, KRW/USD) B. Coal LNG B.C. Oil FY2004 FY2005 yoy 2,466 2,690 9.1% 850 955 12.3% 2,980 3,479 16.7% B. Coal LNG B.C. Oil 1,143.7 1,024.1 -10.5% FX Rate 2004 Average 1/4 2005 NEWC* Coal Price Index 53.3 50.7 51.7 47.6 39.1 Dubai Oil Price 33.6 41.2 47.9 55.5 52.7 * NEWC : Newcastle 47.3 49.4 2/4 2005 3/4 2005 4/4 2005 2005 Average USD/barrel USD/ton FX Rate* 1,022.1 1,008.1 1,029.4 1,036.6 KRW/USD 1,024.1 1,143.7 * FX Rate Source : Bloomberg 719 721 0.3% Nuclear 7,015 7,845 11.8% Total Fuel Expense (in billion Won) 2003 Average 25.3 26.8 1,191.8 *

9 Strategy on Fuel Cost Saving Fuel Cost Mix Generation Mix Fuel Price & Expense (2) FY2004 FY2005 Nuclear & Hydro Coal Oil LNG 43% 39% 4% 14% 41% 39% 5% 15% FY2005 FY2004 Coal Oil LNG 10% 35% 13% 42% 11% 36% 13% 40% Nuclear & Hydro • Maintaining optimal proportion of generation based on fuel type Sustaining over 80% of nuclear & coal generation, above 90% utilization rate of nuclear • Securing shares of foreign mines & fuel suppliers   • Re-trying direct import of LNG *

III. Financial Profile * * * * * * *

11 29.95%                                 24.07% 0.85% 29.59%                         15.54% Capital Structure Capital Structure Interest Bearing Debt* • Total SH’s Equity : KRW 41.4 trillion (USD 40.4 billion) • Total Liabilities   : KRW 33.6 trillion (USD 32.7 billion) Liab. 45% SH's Equity 55% as of June 30, 2005 Consolidated Shareholder Mix as of December 31, 2005 KDB                                        Government Treasury Stock                       Foreigners                              Others * Debt : KEPCO + GENCOs, as of Dec. 31, 2005 Total Debt : KRW 18.3 trillion equivalent Total Foreign Currency Debt : KRW 2.8 trillion equivalent US Dollar 45% FX Debt 15% Local Currency Debt 85% Others 12% JPY 43% 54.02% *

12 Debt Profile & Strategy  Debt Repayment Schedule Debt Currency Mix Fixed vs. Floating Mix 2005       Target KRW 85% USD 7% JPY & Others 8% 75% 5% 20% KRW Fixed                      55% Floating                  45% FX Fixed                      89% Floating                  11% * Debt : KEPCO + GENCOs, as of Dec. 31, 2005 Total Fixed                      60% Floating                  40% Total Maturing Debt FX Debt 2006 2007 2008 2009 2010 2011 2012 2013 3.2 3.8 2.2 1.9 0.3 0.7 0.4 0.8 0.7 2014 & after 1.1 0.6 0.3 0.6 Trillion Won Target Schedule 4.6 *

13 * Based on consolidated financial statements **  2005 Results : KEPCO + GENCOs, preliminary & un-audited *** Interest cost is inclusive of the capitalized (Unit: KRW bn) KWh sold(GWh) 5.4% 293,599 Revenues 6.6% 22,775 EBITDA 3.6% 10,313 Operating Income 3.5% 5,224 Total Interest Cost *** (17.1%) 1,333 Interest Bearing Debt (3.5%) 22,645 Net Income (23.8%) 2,323 6.6% 332,413 5.3% 25,236 (14.3%) 8,498 (15.5%) 3,776 (23.2%) 807 (6.9%) 18,337 (15.0%) 2,449 2003 yoy yoy 2004 2005** yoy 8.0% 278,451 5.6% 21,366 11.3% 9,953 26.5% 5,047 (20.3%) 1,608 (15.9%) 23,477 86.4% 3,048 6.2% 311,716 5.2% 23,956 (3.8%) 9,916 (14.5%) 4,467 (21.2%) 1,051 (12.9%) 19,715 24.1% 2,883 Improved Financial Status* yoy 2002 *

14 • Despite general economic slowdown, demand growth rate was decent to be 6.5% • Fuel cost was up by 11.6% due to fuel price hike • Depreciation was up by 8.6% due to new facilities • Operating income was decreased by 11.3% mainly due to the increase of fuel cost & depreciation • Interest expenses were down by 13.1% due to the decrease of total debt and low interest rate • Net income was down by 14.9% mainly because of the decrease of operating income and FX gain * This financial information is preliminary, un-audited and  made by adjusting for major inter-company transactions among KEPCO and its six generating subsidiaries only. As such, these financial information may not have been prepared in accordance with Korean generally accepted accounting principles, and may not necessarily be indicative of the results of operations of KEPCO and its six generating subsidiaries as a group FY2005 Results* FY2004     FY2005    %change (Unit : in billions of Korean Won) * KEPCO+GENCOs Operating revenues: Sale of electric power Other operating revenues Revenues for other businesses Operating expenses: Power purchased for resale Maintenance Depreciation Other Expenses for other businesses Operating income Other income: FX gain Investment income from affiliates Other Other expenses: Interest expenses FX loss Other Ordinary income Provision for income taxes Net income Fuel Commission 23,661 23,193 358 110 19,404 1,345 1,770 112 4,257 1,719 876 277 566 1,330 707 9 614 4,646 1,765 2,881 4,722 3,437 7,421 597 25,236 6.7% 24,671 6.4% 448 25.1% 117 6.4% 21,460 10.6% 1,507 12.0% 1,851 4.6% 5,127 8.6% 3,921 14.1% 123 8.8% 3,776 -11.3% 1,183 -31.2% 355 -59.5% 181 -34.6% 647 14.3% 1,132 -14.9% 614 -13.1% 31 244.4% 484 -21.1% 3,827 -17.6% 1,378 -21.9% 2,449 -14.9% 8,280 11.6% 651 9.0% Investment loss from affiliates 0 3 - *

15 Capital Expenditure   Conservative Official Forecast Thermal 1,047 2,240 1,622 2,801 Nuclear 1,000MW New Capacity to be added 3,567 3,722 4,173 1,902 2,197 2,911 2,287 971 2,009 3,124 2004A 2005A 2006F 2007F 6,202 7,191 8,642 9,584 1,427 4,311 1,610 3,510 2008F 9,431 (in billion Won) 4,081 1,145 3,491 2009F 8,717 1,500 3,329 T&D Facility Thermal Plant Nuclear Plant *

16 19.7% 23.6% 22.9% 18.6% 8.1% 14.3% 10.2% 12.0% Operating & Net Profit Margin* Total Borrowing to Equity Ratio** 84.1% 65.1% 59.9% 48.6% Average Debt Cost* 6.3% 6.1% 5.2% 4.7% KEPCO+GENCOs EBITDA Interest Coverage* 15.0% 9.7% 4.4% * 2005 Results : KEPCO + GENCOs, preliminary & un-audited ** 2005 Results : as of June 30, 2005 2001 2002 2003 2004 2005 2001 2002 2003 2004 2005 2001 2002 2003 2004 2005 2001 2002 2003 2004 2005 48.6% 4.4X 6.2X 7.7X 9.4X 10.5X Major Financial Statistics    *

IV. Strategic Initiatives * * * * * * *

A World-Renowned Utility Company Maximize the profitability to protect & serve shareholders, investors, and all stakeholders’ interest Respecting Customers Embracing Changes Focusing on Profitability Improve corporate competitiveness by actively coping with changing business environment, and enhance corporate brand value by acquiring core technologies & exploring overseas power markets Core Values & Vision By standing on the basis of human-oriented spirit, KEPCO values the customer satisfaction at the top priority

Stabilization of electricity business structure & Expansion of business area Business area Establishment of horizontal, decentralized management system in KEPCO Management System Concentration of corporate resources for building a growth engine for the future Marketing & Service Strengthening of financial strategy for pursuing future growth engine and boosting corporate value Finance HR management based on performance and competence & security of global specialist Human Resources KEPCO 2015 A World-Renowned Total Energy Provider VISION A World-Renowned Utility Company Mid-term Goal & Strategies *

Strategy Projects in Operation Country               Period            Project Cost        • Rehabilitating & Operating 650MW Coal-fired plant Philippines Sep. 95 ~ Sep. 10 U$ 260 million • Building & Operating 1200MW LNG-fired plant(BOT) Philippines Mar. 99 ~ Jun. 22 U$ 709 million • Designing Upgrading Grid Voltage Myanmar Jan. 04 ~ Jan. 06 U$ 1 million • Feasibility Study & Training on T&D Operation                     Sep. 05 ~ Jan. 08 • Domestic operations are KEPCO’s core business  • Risk management by countries and projects, and returns must justify carefully estimated risks • Minimizing risk through ‘risk & return analysis’ and ‘business portfolio’ • Project financing with minimal recourse to minimize capex burden and risk • Operating & Maintaining 850MW Combined-Cycle plant      Feb. 06 ~ Jan. 10 - Overseas Business Libya Lebanon U$ 9.7 million

21 Industry Restructuring Initial Plan, Current Status & Future Distribution Generation GENCO setup + Sale DISCO setup + Sale 6 GENCOs in operation, 100% owned by KEPCO DISCO setup was scrapped by MOCIE in June 2004 • Be prepared to sell GENCOs when price is right • Management control is on for sale • Improving the asset value to get right price • All GENCOs except for Nuke & Hydro to be sold • Divisional System within KEPCO will be introduced • Each division will be autonomous and competitive • New system shall be gradually implemented Plan Current Status Future Strategy • IPO has been delayed as the price quote was below book value • KEPCO will push forward with selling management control at the right price (at least book value) • This policy secures KEPCO’s value, and credit won’t be affected during the sale process Sale of KOSEP • Scrapped because benefits were not certain given substantial risks • This cleared the uncertainty considerably and saved the cost of DISCO setup Scrapping DISCO setup *

22 Asset Sale Assets on Sale *  Book value: as of  Dec. 31, 2004 KOSEP              1,978            100.0% KPS 278             100.0% KEPID 23               49.0% KDHC 170               26.1% KOGAS 788               24.5% KOPEC 60               97.9% Powercomm 388               43.1% Book Value* Ownership                                       Plan to Sell • Selling management control as originally planned • Listing on domestic exchange or selling to strategic investors • Timing & method of selling is to be set by consulting with Government • Timing & method of selling is to be set by consulting with Government • Subject to Government’s plan of deregulating the gas industry • After Government’s finalization of the plan to introduce competition into the industry of designing nuclear reactors • Listing on either domestic or foreign exchange, in relation to the bonds convertible into Powercomm shares issued in Euro market (in billion Korean Won) *

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.

Date: March 2, 2006