韩国电力 2025年年度报告和过渡报告

OR Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report:641,964,077shares of common stock, par value of Won5,000per share If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934.Yes☐No☑ Note—Checking the box above will not relieve any registrant required to file reports pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under thoseSections. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of RegulationS-T(§232.405 of this chapter)during the preceding 12 months (or for such shorter period that the registrant was required to submit such files):Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or anon-acceleratedfiler, or an emerging growth company. See definition of “large accelerated filer”,“accelerated filer”, and “emerging growth company” in Rule12b-2of the Exchange Act. If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards† provided pursuant to Section13(a) of the Exchange Act.☐ If securities are registered pursuant to Section12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error topreviously issued financial statements.Yes☐No☑ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive based compensation received by any of the registrant’s executiveofficers during the relevant recovery period pursuant to§240.10D-1(b).Yes☐No☑ Table of Contents TABLE OF CONTENTS IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERSOFFER STATISTICS AND EXPECTED TIMETABLEKEY INFORMATIONItem 3.A.[Reserved]Item 3.B.Capitalization and IndebtednessItem 3.C.Reasons for the Offer and Use of ProceedsItem 3.D.Risk FactorsINFORMATION ON THE COMPANYItem 4.A.History and Development of the CompanyItem 4.B.Business OverviewItem 4.C.Organizational StructureItem 4.D.Property, Plant and EquipmentITEM 4A.UNRESOLVED STAFF COMMENTSOPERATING AND FINANCIAL REVIEW AND PROSPECTSItem 5.A.Operating ResultsItem 5.B.Liquidity and Capital ResourcesItem 5.C.Research and Development, Patents and Licenses, etc.Item 5.D.Trend InformationItem 5.E.Critical Accounting EstimatesDIRECTORS, SENIOR MANAGEMENT AND EMPLOYEESItem 6.A.Directors and Senior ManagementItem 6.B.CompensationItem 6.C.Board PracticesItem 6.D.EmployeesItem 6.E.Share OwnershipItem 6.F.Disclosure of a Registrant’s Action to Recover Erroneously Awarded CompensationMAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONSItem 7.A.Major ShareholdersItem 7.B.Related Party TransactionsItem 7.C.Interests of Experts and CounselFINANCIAL INFORMATIONItem 8.A.Consolidated Statements and Other Financial InformationItem 8.B.Significant ChangesTHE OFFER AND LISTINGItem 9.A.Offer and Listing DetailsItem 9.B.Plan of DistributionItem 9.C.MarketsItem 9.D.Selling ShareholdersItem 9.E.DilutionItem 9.F.Expenses of the Issue PARTIITEM1. ADDITIONAL INFORMATION Item10.A.Share Capital134Item10.B.Memorandum and Articles of Incorporation134Item10.C.Material Contracts142Item10.D.Exchange Controls142Item10.E.Taxation147Item10.F.Dividends and Paying Agents160 Table of Contents Item10.G.Statements by ExpertsItem10.H.Documents on DisplayItem10.I.Subsidiary InformationItem10.J.Annual Report to Security HoldersITEM 11.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKITEM 12.DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIESItem 12.A.Debt SecuritiesItem 12.B.Warrants and RightsItem 12.C.Other SecuritiesItem 12.D.American Depositary SharesPART IIITEM 13.DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIESITEM 14.MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDSITEM 15.CONTROLS AND PROCEDURESITEM 16.[RESERVED]ITEM 16A.AUDIT COMMITTEE FINANCIAL EXPERTITEM 16B.CODE OF ETHICSITEM 16C.PRINCIPAL ACCOUNTANT FEES AND SERVICESITEM 16D.EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEEITEM 16E.PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERSITEM 16F.CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANTITEM 16G.CORPORATE GOVERNANCEITEM 16H.MINE SAFETY DISCLOSUREITEM 16I.DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS.ITEM 16J.INSIDER TRADING POLICIES.ITEM 16K.CYBERSECURITY.PART IIIITEM 17.FINANCIAL STATEMENTSITEM 18.FINANCIAL STATEMENTSITEM 19.EXHIBITSINDEX OF EXHIBITSINDEX TO FINANCIAL STATEMENTS Table of Contents CERTAIN DEFINED TERMS AND CONVENTIONS All re