Form 6-K

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 November 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).


Korea Electric Power Corporation announces its un-audited, preliminary financial results for the nine-month periods ended September 30, 2006 as attached hereto.

Attached

Unaudited, preliminary non-consolidated statement of income of Korea Electric Power Corporation for the nine-month periods ended September 30, 2005 and 2006

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.

 

By:  

/s/ Kim, Kwang-Choong

Name:   Kim, Kwang-Choong
Title:   Treasurer

Date: November 2, 2006


Disclaimer:

The financial information relating to the results of operations of Korea Electric Power Corporation (“KEPCO”) for the nine months ended September 30, 2005 and 2006 as attached hereto (the "Information") has been prepared by KEPCO based on preliminary internal estimates. The Information has been prepared on a non-consolidated basis based on Korean GAAP. The Information has neither been audited nor reviewed by KEPCO’s independent accountants, KPMG Samjong Accounting Corp., or any other independent public accountants. The Information may differ significantly from the actual non-consolidated financial condition and results of operations of KEPCO as of and for the nine months ended September 30, 2006, and accordingly should not be relied upon for investment, including but not limited to purchase of any securities, or other purposes. The results of operations of KEPCO for the first nine months of 2006 are not necessarily indicative of the results of operations of KEPCO for the full year of 2006.

Korea Electric Power Corporation

Preliminary NON-CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

For the Nine-month periods ended September 30, 2005 and 2006

 

(Unit : in billions of Korean Won)

   3Q 2006    3Q 2005    Change  

Operating revenues:

   20,418    18,891    8.1 %
                

Sale of electric power

   20,263    18,632    8.8 %

Other electric business

   139    170    -18.3 %

Other business

   16    88    -82.2 %
                

Operating expenses:

   18,998    17,080    11.2 %
                

Purchased power

   15,114    13,397    12.8 %

Fuel

   26    22    22.3 %

Maintenance

   631    501    25.8 %

Depreciation

   1,370    1,352    1.4 %

Other

   1,838    1,717    4.0 %

Other business

   20    91    -77.5 %
                

Operating income

   1,419    1,811    -21.6 %
                

Non-operating income:

   1,854    2,143    -13.5 %
                

Gain on foreign currency transactions and translation

   195    144    35.4 %

Investment income from affiliates

   1,444    1,644    -12.2 %

Other

   215    355    -39.5 %
                

Non-operating expenses:

   608    590    3.0 %
                

Interest expenses

   409    357    14.6 %

Loss on foreign currency transactions and translation

   3    11    -72.7 %

Investment loss from affiliates

   38    21    85.5 %

Other

   158    202    -21.7 %
                

Earnings before taxes

   2,665    3,364    -20.8 %
                

Provision for income taxes

   567    777    -27.0 %
                

Net income

   2,098    2,587    -18.9 %