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 October 2007

 

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 (“KEPCO”) announces its un-audited, preliminary financial results for the first nine months of 2007 and 2006 as attached hereto.

* Attachment 1. un-audited, preliminary statements of income of KEPCO for the first nine months of 2007 and 2006

* Attachment 2. un-audited, preliminary statements of income including KEPCO’s six generation subsidiaries (“GENCOs”) for the first nine months of 2007 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, Myung-Whan

Name:   Kim, Myung-Whan
Title:   General Manager
  International Finance Department

Date: October 26, 2007

Disclaimer:

The financial information relating to the results of operations of Korea Electric Power Corporation (“KEPCO”) for the first nine months of 2007 and 2006 as presented below (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, Deloitte Anjin LLC., 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 September 30, 2007, and accordingly should not be relied upon for investment, including but not limited to purchase of any securities, or other purposes.

Korea Electric Power Corporation

Preliminary NON-CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

for the first nine months of 2007 and 2006

 

(Unit: in billions of Korean Won)

    3Q 2007    3Q 2006    Change  

Operating revenues:

    21,774    20,418    6.6 %
                

Sale of electric power

    21,558    20,263    6.4 %

Other operating revenues

    205    139    47.2 %

Revenues for other businesses

    12    16    -25.5 %
                

Operating expenses:

    20,566    18,998    8.3 %
                

Fuel

    26    26    -1.9 %

Purchased power

    16,550    15,114    9.5 %

Maintenance

    626    631    -0.7 %

Depreciation

    1,372    1,370    0.2 %

Other operating expenses

    1,975    1,838    7.5 %

Expenses for other businesses

    18    20    -13.7 %
                

Operating income

    1,208    1,419    -14.9 %
                

Non-operating income:

    2,129    1,854    14.8 %
                

Gain on foreign currency transactions and translation

    15    195    -92.5 %

Investment income from affiliates

    1,659    1,444    14.9 %

Other

    456    215    112.1 %
                

Non-operating expenses:

    533    608    -12.4 %
                

Interest expenses

    426    409    4.2 %

Loss on foreign currency transactions and translation

    30    3    893.3 %

Investment loss from affiliates

    10    38    -73.2 %

Other

    67    158    -57.7 %
                

Earnings before taxes

    2,804    2,665    5.2 %
                

Provision for income taxes

    600    567    5.8 %
                

Net income

    2,204    2,098    5.0 %
                

 

* The figures may not add up due to rounding.

Disclaimer:

The financial information relating to the results of operations of Korea Electric Power Corporation (“KEPCO”) and/or certain of its subsidiaries for the first nine months of 2007 and 2006 as presented below (the “Information”) has been prepared by KEPCO based on preliminary internal estimates. The Information is not consolidated and made by simply adding the results of operations of KEPCO to the results of operations of its six-generation subsidiaries (“GENCOs”), after adjusting for major inter-company transactions. The Information has neither been audited nor reviewed by KEPCO’s independent accountants, Deloitte Anjin LLC., or any other independent public accountants. The Information may differ significantly from the actual financial condition and results of operations of KEPCO and GENCOs as of September 30, 2007, and accordingly should not be relied upon for investment, including but not limited to purchase of any securities, or other purposes.

Korea Electric Power Corporation

Estimated STATEMENTS OF INCOME including six GENCOs (Unaudited)

for the first nine months of 2007 and 2006

 

(Unit: in billions of Korean Won)

    3Q 2007    3Q 2006    Change  

Operating revenues:

    21,766    20,489    6.2 %
                

Sale of electric power

    21,484    20,191    6.4 %

Other operating revenues

    156    164    -4.9 %

Revenues for other businesses

    126    134    -6.0 %
                

Operating expenses:

    18,411    17,208    7.0 %
                

Fuel

    7,724    7,001    10.3 %

Purchased power

    1,773    1,526    16.2 %

Maintenance

    1,462    1,413    3.5 %

Depreciation

    3,734    3,727    0.2 %

Other operating expenses

    3,700    3,521    5.1 %

Expenses for other businesses

    18    20    -10.0 %
                

Operating income

    3,355    3,281    2.3 %
                

Non-operating income:

    849    837    1.4 %
                

Gain on foreign currency transactions and translation

    50    354    -85.9 %

Investment income from affiliates

    171    98    74.5 %

Other

    628    385    63.1 %
                

Non-operating expenses:

    841    944    -10.9 %
                

Interest expenses

    557    511    9.0 %

Loss on foreign currency transactions and translation

    45    12    275.0 %

Investment loss from affiliates

    10    38    -73.7 %

Other

    229    383    -40.2 %
                

Earnings before taxes

    3,363    3,174    6.0 %
                

Provision for income taxes

    1,159    1,076    7.7 %
                

Net income

    2,204    2,098    5.1 %
                

 

* The figures may not add up due to rounding.