<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>6
<FILENAME>u98557exv10w4.txt
<DESCRIPTION>EX-10.4 CONSENT OF YOUNG WHA
<TEXT>
<PAGE>
                                                                    EXHIBIT 10.4


                         Consent of Independent Auditors



We consent to the incorporation by reference in the Registration Statements
(Form F-3 No. 33-99550 and No. 333-9180) of Korea Electric Power Corporation and
the related Prospectus of our report dated April 4, 2003, with respect to the
financial statements of Korea Midland Power Co., Ltd., included in this Annual
Report (Form 20-F) of Korea Electric Power Corporation for the year ended
December 31, 2002.


Young Wha
Seoul, Korea
June 24, 2003

</TEXT>
</DOCUMENT>
