KEPCO Files 6-K with Q3 2024 Business Report Summary
Ticker: KEP · Form: 6-K · Filed: Dec 10, 2024 · CIK: 887225
Sentiment: neutral
Topics: quarterly-report, foreign-issuer, summary
TL;DR
KEPCO dropped its Q3 2024 business report summary on 12/10/24 - check it for performance updates.
AI Summary
Korea Electric Power Corporation (KEPCO) filed a Form 6-K on December 10, 2024, presenting a summary of its quarterly business report for the period ending September 30, 2024. This report, originally prepared in Korean, provides an English overview of KEPCO's financial and operational performance for the first nine months of 2024.
Why It Matters
This filing provides investors with a timely update on the financial health and operational status of a major global energy provider, crucial for understanding its market position and future prospects.
Risk Assessment
Risk Level: low — This is a routine filing providing a summary of previously reported quarterly business information, not announcing new material events or significant financial changes.
Key Players & Entities
- KOREA ELECTRIC POWER CORPORATION (company) — Filer of the report
- KEPCO (company) — Abbreviation for the filer
- December 10, 2024 (date) — Filing date
- September 30, 2024 (date) — End of reporting period
- 001-13372 (other) — SEC file number
FAQ
What is the purpose of this Form 6-K filing?
The Form 6-K is a report of a foreign private issuer filed to provide a summary of its quarterly business report for the period ending September 30, 2024, as required by the Financial Services Commission of Korea.
When was this report filed with the SEC?
This report was filed on December 10, 2024.
What period does the summarized quarterly business report cover?
The summarized quarterly business report covers the period from January 1, 2024, to September 30, 2024.
Is the provided report the full quarterly business report?
No, this is a summary in English of the quarterly business report, which was originally prepared in Korean. Some parts have been reformatted, rearranged, or summarized for convenience, and non-material or previously disclosed information is omitted or abridged.
What is KEPCO's SEC file number?
KEPCO's SEC file number is 001-13372.
Filing Stats: 4,313 words · 17 min read · ~14 pages · Grade level 20 · Accepted 2024-12-10 06:05:57
Filing Documents
- d856975d6k.htm (6-K) — 5075KB
- g856975dsp003a.jpg (GRAPHIC) — 4KB
- g856975dsp003b.jpg (GRAPHIC) — 5KB
- 0001193125-24-273897.txt ( ) — 5090KB
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 December 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 September 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 September 30, 2024) Listed Unlisted Total 2 164 166 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. D. On July 19, 2024, Mr. Lee, Jung-Bok, Chief Business Management Officer and standing director, resigned from all his positions. 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 nine-month period ended September 30, 2023 and 2024 (In billions of Won) January to September 2023 January to September 2024 Sales Operating profit Sales Operating profit Electricity sales 63,893 -7,906 68,664 395 Nuclear generation 7,343 -162 10,205 1,794 Thermal generation 28,505 1,483 25,161 3,337 Plant maintenance & engineering service 2,173 242 2,353 306 Others (1) 1,722 127 1,600 114 Subtotal 103,635 -6,215 107,983 5,947 Adjustment for related- party transactions -37,949 -238 -38,113 -1 Total 65,686 -6,453 69,870 5,946