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 May, 2003
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).
MAY 14, 2003
KOREA ELECTRIC POWER CORPORATION
Announces the successful completion of the Closing Conditions relating to its
Eurobonds listed below
U.S.$70,000,000 FLOATING RATE NOTES DUE 2004 (ISIN XS0077628286)
(Y)3,360,000,000 2.75 PER CENT. NOTES DUE 2004 (ISIN XS0077627981)
(POUND)200,000,000 8.50 PER CENT. BONDS DUE 2007 (ISIN XS0075777960)
(E)300,000,000 5.75 PER CENT. NOTES DUE 2004 (ISIN XS0099267634)
U.S.$96,500,000 FLOATING RATE NOTES DUE 2005 (ISIN XS0103064936)
U.S.$150,000,000 FLOATING RATE NOTES DUE 2004 (ISIN XS0081617556)
U.S.$55,000,000 7.11 PER CENT. NOTES DUE 2004 (ISIN XS0080728768)
U.S.$95,000,000 7.05 PER CENT. NOTES DUE 2007 (ISIN XS0080728842)
(Y)30,000,000,000 2.10 PER CENT. NOTES DUE 2005 (ISIN XS0114319170)
(Y)5,000,000,000 2.50 PER CENT. NOTES DUE 2004 (ISIN XS0079587902)
(Y)5,000,000,000 2.92 PER CENT. NOTES DUE 2004 (ISIN XS0077416930)
OF
KOREA ELECTRIC POWER CORPORATION
NOTICE is hereby given by Korea Electric Power Corporation ("KEPCO") that the
closing conditions as set out in the Notice of Meeting (and the Solicitation
Letter dated 14th November, 2002 with respect to the (Y)5,000,000,000 2.50 per
cent. Notes due 2004 (ISIN XS0079587902) and the (Y)5,000,000,000 2.92 per cent.
Notes due 2004 (ISIN XS0077416930)) dated 14th November 2002 for each of the
above specified issues of bonds and notes have been satisfied. Accordingly each
of the Extraordinary Resolution and the Proposal for each issue (and previously
passed by the holders thereof) has become effective. As a result, The Korea
Development Bank has unconditionally and irrevocably guaranteed on an unsecured
and unsubordinated basis, KEPCO's payment obligations under each of the above
specified issues of Bonds and Notes, respectively.
KEPCO retained Credit Suisse First Boston Corporation and Lehman Brothers Inc.
as Solicitation Agents.
KOREA ELECTRIC POWER CORPORATION
167 Samsong-Dong, Kangnam-Gu
Seoul 135-791, Korea
Dated: April 29, 2003
This Notice does not constitute an offer of any securities.
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/ Myung-Whan Kim
-----------------------------------
Name: Myung-Whan Kim
Title: General Manager
International Finance Department
Date: May 14, 2003