KEPCO (NYSE: KEP) calls EGM to elect new Comptroller & Auditor

Rhea-AI Filing Summary

Korea Electric Power Corporation (KEPCO) has called an extraordinary general meeting of shareholders for fiscal year 2026, based on a board resolution adopted on May 6, 2026. Shareholders registered on April 13, 2026 will be entitled to vote.

The main agenda item is electing Mr. Kim, Tae-Ok as a Standing Director serving as Comptroller & Auditor General and Member of the Audit Committee. He has about 35 years of experience at KEPCO, including roles as Corporate Senior Executive Vice President & Chief Power Grid Officer and other senior leadership posts.

If elected, the board will comprise multiple standing directors, including the President & CEO and senior vice presidents, plus a broad group of non-executive directors. KEPCO notes that Audit Committee members are vetted by its Director Nomination Committee and the Committee for Management of Public Institutions under the Act on the Management of Public Institutions.

Key Figures

Board resolution date: May 6, 2026 Shareholder record date: April 13, 2026 Service tenure of nominee: Approximately 35 years

3 metrics

Board resolution date May 6, 2026 Date KEPCO’s board resolved to call the EGM

Shareholder record date April 13, 2026 Shareholders on this date may vote at the EGM

Service tenure of nominee Approximately 35 years Mr. Kim, Tae-Ok’s experience at KEPCO

Key Terms

extraordinary general meeting of shareholders, Standing Director, Comptroller & Auditor General, Audit Committee, +2 more

6 terms

extraordinary general meeting of shareholders financial

"KEPCO hereby calls the extraordinary general meeting of shareholders (“EGM”) pursuant to a board resolution"

A meeting called by a company outside its regular annual meeting to address urgent or special matters that cannot wait until the next scheduled meeting. Investors attend or vote to decide on actions such as major deals, leadership changes, capital-raising, or rule changes; think of it as an emergency board meeting where shareholders have a direct say and the outcomes can quickly change a company’s strategy, ownership stakes, or financial prospects.

Standing Director financial

"Election of a Standing Director as Comptroller & Auditor General and Member of the Audit Committee"

Comptroller & Auditor General financial

"Election of a Standing Director as Comptroller & Auditor General and Member of the Audit Committee"

Audit Committee financial

"Comptroller & Auditor General and Member of the Audit Committee"

A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.

Non-Executive Director financial

"Non-standing Director | | Male | | Kang, Hoon | | Non-Executive Director"

A non-executive director is a member of a company’s board who does not work for the company day-to-day but provides independent oversight, strategic guidance and checks on management. For investors, they matter because they act like an impartial referee or outside advisor, helping ensure decisions protect shareholder interests, reduce risks of poor governance, and add credibility to financial reporting and long-term strategy.

Act on the Management of Public Institutions regulatory

"as stipulated in the Act on the Management of Public Institutions, which takes precedence over the Commercial Act"

Form 6-K: How Foreign Companies Report to the SEC →

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 May 2026

Commission File Number 001-13372

KOREA ELECTRIC POWER CORPORATION

(Translation of registrant’s 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 ☐

Korea Electric Power Corporation (“KEPCO”) hereby calls the extraordinary general meeting of shareholders (“EGM”) pursuant to a board resolution adopted on May 6, 2026 and seeks the attendance of its shareholders. Shareholders who are registered in the KEPCO’s shareholders’ registry on April 13, 2026 will be entitled to exercise their voting rights at this EGM.

The following is an English translation of the notice given to the shareholders in connection with the EGM:

To: Shareholders

From: Kim, Dong-Cheol, President & CEO of KEPCO

We hereby call the fiscal year 2026 EGM pursuant to Article 18 of the Articles of Incorporation of Korea Electric Power Corporation as follows and seek your attendance. Pursuant to Article 542-4 of the Commercial Act of the Republic of Korea, this notice shall be in lieu of notices to be given to the shareholders.

1. Date / Time: May 21, 2026 / 9:10 a.m. (Seoul Time)

2. Location: 55 Jeollyeok-ro, Naju-si, Jeollanam-do, 58322, Republic of Korea

  KEPCO Headquarters

3. Item to be Reported: Audit Report

4. Agenda for Shareholder Approval:

1) Election of a Standing Director as Comptroller & Auditor General and Member of the Audit Committee

-Kim, Tae-Ok

Details of the proposed agenda for the EGM are attached hereto.

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.

By:		/s/ Joo, Hwa-sik
Name: Joo, Hwa-sik
Title: Vice President

Date: May 7, 2026

Attachment

Agenda 1. Election of a Standing Director as Comptroller & Auditor General and Member of the Audit Committee

• Kim, Tae-Ok

• Gender : Male

• Date of Birth : July 14, 1962

• Major Positions Previously Held

• Corporate Senior Executive Vice President & Chief Power Grid Officer at KEPCO (from March 2021 to November 2023)

• Vice President of Regional Headquarters KEPCO Gwangju-Jeonnam at KEPCO (from December 2020 to March 2021)

• Vice President & Head of Technology Planning Department at KEPCO (from December 2018 to December 2020)

• Nominated by : Director Nomination Committee

• Relationships with the largest shareholder of KEPCO : None

• Transactions with KEPCO in the last three years : None

• Tax Delinquency : None

• Management Positions in any Insolvent Enterprise : None

• Disqualifications under relevant laws : None

• Term of Office as Standing and Non-Executive Director in KEPCO : Two Years

The nominee, Mr. Kim, Tae-Ok has possessed outstanding professional expertise across all sectors of the electric power industry by serving at Korea Electric Power Corporation for approximately 35 years and performing various roles, including Corporate Senior Executive Vice President & Chief Power Grid Officer, Vice President of Regional Headquarters KEPCO Gwangju-Jeonnam and Vice President & Head of Technology Planning Department.

In particular, through his position as the Corporate Senior Executive Vice President & Chief Power Grid Officer, a standing director, he has not only cultivated a wealth of knowledge in the planning, construction, and operation of the national power grid—a key pending issue of KEPCO—but also internalized experiences in various business fields such as the Vice President & Head of Technology Planning Department. Through these, he has equipped himself with auditing capabilities to identify and manage structural risks occurring at the boundaries between departments and overall business processes of the organization.

If the nominee is elected as a Standing Director as Comptroller & Auditor General and Member of the Audit Committee, he is expected to preemptively manage and resolve the structural risks of the company based on his in-depth understanding of KEPCO, and contribute to creating an advanced audit culture that supports and encourages employees to actively perform their duties.

Reference to the Shareholders:

Composition of the Board of Directors

If the new standing director candidate is elected at the EGM, the board of directors of KEPCO is expected to be composed of the following individuals:

Type		Gender		Name		Current Title		Director Position held Since
Standing Director		Male		Kim, Dong-Cheol		President & Chief Executive Officer		Sep. 19, 2023
Standing Director		Male		Kim, Tae-Ok		Comptroller & Auditor General and Member of the Audit Committee		Newly Elected
Standing Director		Male		Oh, Heung-Bok		Corporate Senior Vice President and Chief Financial & Strategic Planning Officer		Feb. 21, 2024
Standing Director		Male		Ahn, Jung-Eun		Corporate Senior Vice President and Chief Business Management Officer		Jan. 6, 2025
Standing Director		Male		Jung, Chi-Kyo		Corporate Senior Vice President and Chief Safety Officer & Chief Operation Officer		May. 28, 2025
Standing Director		Male		Kim, Jae-Koon		Corporate Senior Vice President and Chief Power System Officer		Apr. 27, 2026
Non-standing Director		Male		Kang, Hoon		Non-Executive Director		May. 1, 2024
Non-standing Director		Male		Lee, Heung-Ryul		Non-Executive Director		May. 7, 2025
Non-standing Director		Male		Lee, Kyung-Sup		Non-Executive Director		May. 8, 2026
Non-standing Director		Male		Moon, Jae-Do		Non-Executive Director		May. 8, 2026
Non-standing Director		Female		Hwang, Jeong-Hwa		Non-Executive Director		May. 8, 2026
Non-standing Director		Male		Kim, Jong-Wook		Non-Executive Director		May. 8, 2026
Non-standing Director		Male		Jung, Do-Jin		Non-Executive Director		May. 8, 2026
Non-standing Director		Male		Song, Jae-Do		Non-Executive Director		May. 8, 2026
Non-standing Director		Female		Kim, Sung-Eun (1)		Non-Executive Director		Nov. 8, 2023
Non-standing Director		Male		Lee, Sung-Ho (2)		Non-Executive Director		Nov. 8, 2023

(1) Kim, Sung-Eun completed her term of office as a Non-standing Director and retired from the Board of Directors on May 7, 2026. Under Korean law, Ms. Kim will continue to serve as member of the audit committee until her successor is appointed.

(2) Lee, Sung-Ho resigned on April 1, 2026. Under Korean Law, Mr. Lee will continue to serve as member of the audit committee until his successor is appointed.

(3) Under Korean Law, the position of the Chairperson of the Board of Directors will be held by a Non-standing Director.

Appendix. Other Information on the Audit Committee of KEPCO

Each member of our Audit Committee member is selected after undergoing an intensive personnel verification process by both KEPCO’s Director Nomination Committee and the Committee for Management of Public Institutions under the Ministry of Finance and Economy, as stipulated in the Act on the Management of Public Institutions, which takes precedence over the Commercial Act.

• There are no regulatory issues regarding independence under domestic laws, including the Commercial Act’s requirement for a specific period to elapse after retirement to ensure the independence of the Audit Committee.

• The candidate’s expertise was thoroughly verified.

FAQ

What is Korea Electric Power (KEP) asking shareholders to approve at the 2026 EGM?

KEPCO is asking shareholders to vote on electing Mr. Kim, Tae-Ok as a Standing Director serving as Comptroller & Auditor General and Member of the Audit Committee. This would strengthen the board’s oversight structure by adding an experienced internal audit and power grid specialist to its leadership.

Who can vote at Korea Electric Power (KEP)’s extraordinary general meeting?

Shareholders recorded in KEPCO’s shareholder registry on April 13, 2026 can vote at the extraordinary general meeting. Only these registered holders are entitled to exercise voting rights on the election of the new Standing Director, Comptroller & Auditor General and Audit Committee member.

Who is the audit-related director candidate at Korea Electric Power (KEP)?

The nominee is Mr. Kim, Tae-Ok, who has worked at KEPCO for about 35 years. He previously served as Corporate Senior Executive Vice President & Chief Power Grid Officer and held several senior roles, which KEPCO highlights as building strong audit and risk oversight capabilities.

How will KEPCO’s board of directors look if the new standing director is elected?

If elected, KEPCO’s board will include several standing directors such as the President & CEO and multiple Corporate Senior Vice Presidents, along with a sizeable group of non-executive directors. The revised structure emphasizes a mix of internal management and independent oversight roles.

How are Audit Committee members chosen at Korea Electric Power (KEP)?

Audit Committee members undergo intensive personnel verification by KEPCO’s Director Nomination Committee and the Committee for Management of Public Institutions. This process is conducted under the Act on the Management of Public Institutions, which the company notes takes precedence over the Commercial Act for these appointments.