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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
                                   ---

        (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-_______.)

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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).



                 (KOREA ELECTRIC POWER CORPORATION LETTERHEAD)


December 16, 2002


To Shareholders:


Korea Electric Power Corporation ("KEPCO") will close its shareholders registry
from January 1, 2003 through the date of the 42nd annual ordinary general
meeting of shareholders. The shareholders who are registered in the KEPCO's
shareholders registry as of December 31, 2002 will be entitled to exercise their
voting rights at the ordinary general meeting of shareholders and to receive
dividends for the 2002 fiscal year. The date of the ordinary general meeting of
shareholders and the proposed dividend rate will be notified to the shareholders
of KEPCO upon the resolution of the Board of Directors' meeting which is
scheduled to be held in February, 2003.

The 41st annual ordinary general meeting of shareholders for the 2001 fiscal
year was held on March 22, 2002 and the declared dividend rate was 11% of the
par value of KEPCO stock. The dividends for the 2001 fiscal year were paid to
the shareholders of KEPCO on April 19, 2002.



                                   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

December 16, 2002