Korea Electric Power Corporation - Form 6-K
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

July 29, 2005

Korea Electric Power Corporation
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(Translation of registrant’s name into English)
 
167,Samseong-Dong, Gangnam-Gu, Seoul, Korea
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(Address of principal executive office)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:  [x] Form 20-F    [ ] 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    [x] No
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):    n/a 
  
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 
on Form F-3 (Registration No. 333-9180).  
 
As of July 25, 2005, the joint and several liabilities of Korea Electric Power
Corporation (“KEPCO”) and its generation subsidiaries (“GENCOs”) for 
loans from Korea Development Bank (“KDB”) in the equivalent amount of 190
billion Korean Won were eliminated through an agreement among KDB, KEPCO and
GENCOs.  As a result, KEPCO and GENCOs no longer remain jointly and severally
liable for any of liabilities existing prior to the corporate split on April 2,
2001. 
 
For more details, please refer to “Item 4. Information on the Company - Recent
Development – Debt Restructuring” in our annual report on Form 20-F for  
the year ended December 31, 2004 filed with U.S. Securities and Exchange
Commission on June 30, 2005.
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
     
Date: 07/29/2005 By: Lee, Hi-Taek
  Name:  Lee, Hi-Taek
  Title: Chief Financial Officer