Korean Power Company Replaces J.P. Morgan With Citi for ADR Program

Citi’s Issuer Services business has been appointed by Korea Electric Power Corporation (KEPCO) as the depositary bank for its existing American Depositary Receipt (ADR) program, replacing J.P. Morgan.
By Jake Safane(2147484770)
Citi’s Issuer Services business has been appointed by Korea Electric Power Corporation (KEPCO) as the depositary bank for its existing American Depositary Receipt (ADR) program, replacing J.P. Morgan.

South Korean-based KEPCO has traded its ADRs on the New York Stock Exchange since 1994 under the symbol “KEP,” and its ordinary shares have been traded on the Korea Stock Exchange since 1989. Two KEPCO ADRs represent one ordinary share.

“KEPCO has a long history working with U.S. investors,” the company said in a statement. “Through our partnership with Citi, we look forward to further growing our ADR program and expanding our outreach to the global investment community.”

«