KEPCO Files Quarterly Business Report Summary

TL;DR

KEPCO dropped its H1 2024 business report summary - check it for operational updates.

AI Summary

Korea Electric Power Corporation (KEPCO) filed a Form 6-K on September 9, 2024, presenting a summary of its quarterly business report for the period January 1, 2024, to June 30, 2024. This report, originally prepared in Korean, is a translation for convenience and omits non-material or previously disclosed information. KEPCO is required to file Form 20-F for its annual reports.

Why It Matters

This filing provides a condensed overview of KEPCO's financial and business activities for the first half of 2024, offering insights into the operational status of a major electric utility.

Risk Assessment

Risk Level: low — This is a routine filing summarizing previously reported financial information and does not introduce new material risks.

Key Players & Entities

• KOREA ELECTRIC POWER CORP (company) — Filer
• KEPCO (company) — Registrant's common name
• 0000887225 (company) — Central Index Key
• 4911 (company) — Standard Industrial Classification
• 133442428 (company) — IRS Number
• 55 JEOLLYEOK-RO (company) — Business Street Address
• NAJU-SI (company) — Business City
• 58322 (company) — Business Zip Code
• 201 482 8182 (company) — Business Phone
• 400 KELBY STREET (company) — Mail Street Address

FAQ

Filing Documents

• d894090d6k.htm (6-K) — 5036KB
• g894090dsp003a.jpg (GRAPHIC) — 4KB
• g894090dsp003b.jpg (GRAPHIC) — 5KB
• 0001193125-24-215433.txt ( ) — 5050KB

From the Filing

Form 6-K Table of Contents 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 For the Month of September 2024 Commission File Number 001-13372 KOREA ELECTRIC POWER CORPORATION (Translation of registrants name into English) 55 Jeollyeok-ro, Naju-si, Jeollanam-do, 58322, 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 Form 40-F Table of Contents QUARTERLY BUSINESS REPORT (For the period from January 1, 2024 to June 30, 2024) THIS IS A SUMMARY IN ENGLISH OF THE QUARTERLY BUSINESS REPORT ORIGINALLY PREPARED IN KOREAN AND IS IN SUCH FORM AS REQUIRED BY THE FINANCIAL SERVICES COMMISSION OF KOREA. IN THE TRANSLATION PROCESS, SOME PARTS OF THE REPORT WERE REFORMATTED, REARRANGED OR SUMMARIZED FOR THE CONVENIENCE OF READERS. NON-MATERIAL OR PREVIOUSLY DISCLOSED INFORMATION IS OMITTED OR ABRIDGED. UNLESS EXPRESSLY STATED OTHERWISE, ALL INFORMATION CONTAINED HEREIN IS PRESENTED ON A CONSOLIDATED BASIS IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS ADOPTED FOR USE IN KOREA, OR K-IFRS, WHICH DIFFER IN CERTAIN RESPECTS FROM GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN CERTAIN OTHER COUNTRIES, INCLUDING THE UNITED STATES. WE HAVE MADE NO ATTEMPT TO IDENTIFY OR QUANTIFY THE IMPACT OF THESE DIFFERENCES. Table of Contents I. Company Overview 1. Name of the company: Korea Electric Power Corporation (KEPCO) 2. Information of the company (Address) 55 Jeollyeok-ro, Naju-si, Jeollanam-do, 58322, Korea (Phone number) 82-61-345-4218 (Website) http://www.kepco.co.kr 3. Major businesses KEPCO, as the parent company, is engaged in the following activities: development of electric power resources; generation, transmission, transformation and distribution of electricity and other related activities; research and development of technology related to the businesses mentioned above; overseas business related to the businesses mentioned above; investment or contributions related to the businesses mentioned above; development and operation of certain real estate holdings; and other businesses entrusted by the government. Businesses operated by KEPCOs major subsidiaries are as follows: nuclear power generation by Korea Hydro & Nuclear Power (KHNP), thermal power generation by Korea South-East Power (KOSEP), Korea Midland Power (KOMIPO), Korea Western Power (KOWEPO), Korea Southern Power (KOSPO) and Korea East-West Power (EWP), other businesses including engineering service by KEPCO Engineering & Construction (KEPCO E&C), maintenance and repair of power plants by KEPCO Plant Service & Engineering (KEPCO KPS), ICT service by KEPCO KDN, nuclear fuel processing by KEPCO Nuclear Fuel (KEPCO NF), other overseas businesses and investments related to the businesses mentioned above. 4. Consolidated subsidiaries (As of June 30, 2024) Listed Unlisted Total 2 165 167 Table of Contents 5. Major changes in management A. On February 21, 2024, Mr. Oh, Heung-Bok was appointed as a standing director for a term of two years in replacement of Mr. Seo, Guen-Bae whose position changed. B. On April 29, 2024, Mr. Kang, Hoon was appointed as a non-standing director for a term of two years in replacement of Ms. Kim, Jae-Shin whose term of office expired. C. On July 9, 2024, Mr. Lee, Sung-Ho was appointed as a non-standing member of the Audit Committee for a term of two years in replacement of Ms. Kim, Jae-Shin whose term of office expired. 6. Changes in major shareholders There is no change in major shareholders in the last 5 years. 7. Information regarding KEPCO shares A. Issued share capital: 3.2 trillion Won (Authorized capital: 6 trillion Won) B. Total number of issued shares: 641,964,077 (Total number of authorized shares for issuance: 1,200,000,000) C. Dividends: KEPCO did not pay any dividend for fiscal year 2023. Table of Contents II. Business Overview 1. Consolidated financial results by segment for a six-month period ended June 30, 2023 and 2024 (In billions of Won) January to June 2023 January to June 2024 Sales Operating profit Sales Operating profit Electricity sales 40,000 -7,226 42,994 1,169 Nuclear generation 4,087 -1,056 6,094 188 Thermal generation 18,421 -181 14,530 746 Plant maintenance & engineering service 1,441 166 1,618 228 Others (1) 1,164 57 1,070 69 Subtotal 65,114 -8,239 66,307 2,400 Adjustment for related-party transactions -23,897 -211 -22,541 150 Total 41,217 -8,450 43,766 2,550 Note: (1) Others relate to business areas including overseas businesses, etc.. 2. Changes in unit prices of major products for a six-month period ended Jun

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View this 6-K filing on SEC EDGAR