This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Citi Appointed Depositary Bank For Korea Electric Power Corporation’s ADR Program

Stocks in this article: C

Citi’s Issuer Services business, acting through Citibank, N.A., has been appointed by Korea Electric Power Corporation (“KEPCO”), a Korea-based electric utility company, as the depositary bank for its American Depositary Receipt (ADR) program.

KEPCO’s ADRs are traded on the New York Stock Exchange under the symbol “KEP,” and its ordinary shares are traded on the Korea Stock Exchange. Two KEPCO ADRs represent one ordinary share.

“We are delighted to appoint Citi as the successor depositary bank for our NYSE-listed ADR program,” KEPCO said in a statement. “KEPCO has a long history working with U.S. investors. Through our partnership with Citi, we look forward to further growing our ADR program and expanding our outreach to the global investment community.”

“KEPCO’s decision to select Citi as its depositary bank is a reflection of our strong track record and experience in supporting Korean ADR issuers,” said Dirk Jones, Head of Global Issuer Services at Citi. “We are confident that we can leverage the breadth of Citi’s global presence and investor relations expertise to assist in raising KEPCO’s profile.”

Citi is a leading provider of Depositary Receipt Services. With Depositary Receipt programs in 55 markets, Citi leverages its global network to help companies connect to new markets and raise capital worldwide.

For more information about Citi’s Depositary Receipt Services, please visit www.citi.com/dr

For more information about KEPCO, please visit http://cyber.kepco.co.kr/kepco/EN/main.do

Korea Electric Power Corporation

Korea Electric Power Corporation, an integrated electric utility company, generates, transmits, and distributes electricity in Korea. It operates through Transmission and distribution, Electric power generation (Nuclear), Electric power generation (Non-nuclear), and Other segments. The company generates power from nuclear, coal, oil, liquefied natural gas, hydro, wind, solar, and biogas sources. As of December 31, 2013, it had a total of 598 generation units, including nuclear, thermal, hydroelectric, and internal combustion units with a total installed generation capacity of 70,845 megawatts. The company’s transmission system consisted of approximately 32,249 circuit kilometers of lines of 765 kilovolts and others, including high voltage direct current lines, as well as 790 substations with an installed transformer capacity of 279,520 megavolt-amperes; and distribution system included approximately 105,741 megavolt-amperes of transformer capacity and 8,698,776 units of support with a line length of 449,684 circuit kilometers. It provides electricity to industrial, commercial, residential, educational, and agricultural customers, as well as for street lighting and overnight power usage. The company was founded in 1898 and is headquartered in Seoul, South Korea.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs