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SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

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FORM 6-K

 

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REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the Month of May 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  ¨

 

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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

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-            .

 

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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).

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Reference is made to the filing by Korea Electric Power Corporation (“KEPCO”) of the current report on Form 6-K with the Securities and Exchange Commission of the United States on May 9, 2006.

KEPCO announces its unaudited, preliminary financial information for the three-month period ended March 31, 2006 as attached hereto. KEPCO will hold a conference call as notified by its filing above to discuss the financial information including those relating to KEPCO’s six generation subsidiaries.

¨ Attached: Unaudited, non-consolidated preliminary financial information of Korea Electric Power Corporation for the three-month period ended March 31, 2006.

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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: May 11, 2006

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[Attachment]

Disclaimer:

This financial information has not been audited or reviewed by KEPCO’s independent accountants, Samjung & Co., or any other accountants and has not been prepared in accordance with the generally accepted accounting principles of any country. Accordingly, this financial information may not necessarily be indicative of the results of operations of KEPCO and GENCOs and should not be relied upon,or form a basis of entering into any contract, for the purpose of trading any securities of KEPCO or any other investment decision in respect of KEPCO.

Preliminary NON-CONSOLIDATED STATEMENT OF INCOME (un-audited)

for the first three months of 2006 and 2005

Korea Electric Power Corporation

 

(unit : in billions of Korean Won)		1Q2006		1Q2005		Change(yoy)
Operating revenues:		6,787		6,198		9.5	%
Sale of electric power		6,754		6,122		10.3	%
Other electric business		26		49		-47.1	%
Other business		8		27		-71.4	%
Operating expenses:		6,724		5,773		16.5	%
Power purchased for resale		5,533		4,707		17.6	%
Maintenance		187		109		71.7	%
Depreciation		455		446		2.1	%
Other		540		485		11.4	%
Other business		9		27		-65.6	%
Operating income		63		425		-85.1	%
Other income:		972		1,101		-11.7	%
FX gain		110		138		-20.3	%
Investment income from affiliates		797		824		-3.2	%
Other		65		140		-53.5	%
Other expenses:		246		176		40.0	%
Interest expenses		138		122		13.5	%
FX loss		2		8		-80.0	%
Investment loss from affliates		60		2		3656.3	%
Other		46		45		3.1	%
Ordinary income		789		1,350		-41.5	%
Provision for income taxes		57		236		-75.9	%
Net income		732		1,114		-34.3	%