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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 December, 2002
KOREA ELECTRIC POWER CORPORATION
(Translation of registrant's name into English)
167, Samsung-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 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
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(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).
THE RESOLUTION OF THE BOARD OF DIRECTORS
RELATING TO STOCK REPURCHASE
We hereby inform you that the Board of Directors of Korea Electric Power
Corporation ("KEPCO") has approved its stock repurchase program. Details are as
follows:
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1. Purpose Stabilization of share price
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2. Number of stocks to repurchase 10,000,000 common stocks or 1.6% of total common stocks
issued and outstanding
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3. Method of repurchase Through The Korea Stock Exchange
(Open Market Repurchase)
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4. Price of repurchase At prices not less than the price equal to the closing price
of one business day prior to the bid date (the "Prior Day
Closing Price"); but not greater than the price which is 5%
above the Prior Day Closing Price. In the event of any
amendment to the bid price during the trading hours, the
amended price shall be (i) no greater than the higher of (a)
the market price immediately prior to the amendment of the
bid price and (b) the highest bid price, but (ii) no less
than the higher of (a) and (b), less 500 Korean Won.
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5. Amount of repurchase Approximately 185 billion Korean Won
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6. Period of repurchase Commencing on December 30, 2002 through March 29, 2003
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7. Brokers LG Investment & Securities Co., Ltd., Samsung Securities Co.,
Ltd., Hana Securities Co., Ltd.
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8. Number of stocks held as treasury stock 913,375 shares (0.14% of KEPCO's total common stocks issued
before Repurchase and outstanding)
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9. Date of resolution of the Board of December 26, 2002
Directors
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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.
KOREA ELECTRIC POWER CORPORATION
By:/s/ Myung Whan Kim
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Name: Myung Whan Kim
Title: General Manager of
International Finance Department
December 26, 2002