EX-99.1 2 exhibit1.htm EX-99.1 Exhibit  EX-99.1

On February 24, 2005, our Board of Directors passed resolutions on the following two items.

1. The 44th Annual General Meeting of Shareholders of Korea Electric Power Corporation (“KEPCO”)

     
Date and time
  March 18, 2005, 10:00 a.m. (Seoul Time)
 
   
 
    
Place
  167, Samseong-dong, Gangnam-gu, Seoul, Korea, Grand
Hall at the head office of KEPCO
 
   
 
    
Report
  1. General report on the business of KEPCO for the
fiscal year ended December 31, 2004
2. Statutory auditors’ review report on the proposed
financial statements of KEPCO for the fiscal year
ended December 31, 2004.
 
   
 
    
Agenda
  Shareholder approval of the non-consolidated balance
sheet, income statement and the proposed appropriation
of retained earnings as of or for the fiscal year
ended December 31, 2004, each prepared in accordance
with generally accepted accounting principles in
Korea, or Korean GAAP.
 
   

2. Dividend Payment for fiscal year 2004 in comparison to fiscal year 2003

                 
Fiscal year   2004   2003
Dividend per share
   KRW1,150
  KRW1,050
         
Aggregate dividend amount
   KRW724,155,601,450
  KRW661,537,299,150
         
Net income
   KRW2,880,769,535,920
  KRW2,315,938,175,262
         

• All figures listed above are subject to change pending our audit by our independent public accountant KPMG Samjong Accounting Corp., and the approval at our general meeting of shareholders.