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 February, 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 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 (the "Company") estimates the non-consolidated
net income in the fiscal year 2002 to be 2.9 trillion Korea Won.

Also, the Company considers paying dividend for the fiscal year 2002 equivalent
to about 15 % of the face value of its shares, or 750 Korea Won per share.




















                                   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/ Chung, Soo Eun
                                  ------------------------------------------
                                  Name: Chung, Soo Eun
                                  Title: Chief Financial Officer