Report of Foreign Issuer (6-k)
April 07 2017 - 10:34AM
Edgar (US Regulatory)
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 April 2017
Commission File Number:
001-13372
KOREA ELECTRIC POWER CORPORATION
(Translation of registrants name into English)
55
Jeollyeok-ro,
Naju-si,
Jeollanam-do,
58217, 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 ☐
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 ☐ No ☒
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b):
82- .
Follow-up
disclosure of a public filing released on May 15, 2012
relating to oil exploration projects in Nigeria
On April 7, 2017, Korea Electric Power Corporation (KEPCO) was informed that the
Nigerian Federal Supreme Court made the final ruling on the appeal by a consortium consisting of KEPCO, Korea National Oil Corporation and Daewoo Shipbuilding & Marine Engineering in relation to the Nigerian Court of Appeals decision
in 2012. The Nigerian Federal Supreme Court dismissed the appeal and confirmed the Nigerian Court of Appeals decision that the Nigerian Federal High Court did not have proper jurisdiction over the matter.
In January 2009, the Nigerian government decided to nullify oil exploration projects regarding OPL321 and POL323 in Nigeria for which the consortium had made
successful bids. The consortium filed a lawsuit in the Nigerian Federal High Court to nullify the Nigerian governments decision, and the Federal High Court ruled in August 2009 that the Nigerian government illegally cancelled offshore oil
exploration rights awarded to the consortium and banned the Nigerian government from further interfering with the consortium.
In response to the Nigerian
Federal High Courts decision, the Nigerian government and Owel Petroleum Services Nigeria Ltd. appealed the decision, and the Nigerian Court of Appeal reversed the decision of the Nigerian Federal High Court, specifying that the Federal High
Court did not have proper jurisdiction to rule on this matter. The consortium appealed the decision to the Nigerian Federal Supreme Court on June 18, 2012 and received the final ruling on April 7, 2017, as mentioned above.
The consortium is currently assessing its options in relation thereto, including filing an additional lawsuit. However, taking into account changes in the
business environment, we are seeking to settle the dispute through a reconciliation with the Nigerian government on the condition that we are able to recoup the investments we have made.
The consortium holds 60% of the equity interest in the project, and KEPCO holds approximately 8.8% of the interest in the consortium. The remaining equity
interests in the project are held, 30% by Equator Exploration of the United Kingdom and 10% by a Nigerian company, respectively.
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.
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By:
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/s/ Kim,
Jong-soo
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Name:
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Kim,
Jong-soo
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Title:
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Vice President
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Date: April 7, 2017
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