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Inverstors News

Addition of an Affiliated Company

2004.12.27 No. 285
1. Affiliated Company
(1) Name of Company : Hyundai Motor Norway AS
(2) Representative : Um, Kwang Heum
(3) Total Assets : KRW 5,660,560,000
(4) Total Liabilities : -
(5) Total Shareholder's Equity : KRW 5,660,560,000
(6) Paid-in capital : KRW 5,660,560,000
(7) Business Areas : auto & auto parts sales

2. Name of Company Group : Hyundai Motor Group

3. Reason for Addition :
Establishment of a local overseas corporation
4. Shareholding of major shareholders after addition : 100.00%
5. Number of Affiliated Companies after addition :
- 107 companies
6. Date of Addition(Internal Decision Date) : December 27, 2004
7. Others :
i) The financial data in #1 above is based on the exchange
rates for December 27, 2004 (KRW 1,415.14 / 1 EUR).
ii) Total expected investment amount is EUR 4,000,000, and
the investment will be paid by installments.
iii) The number of affiliated companies in #5 above include both domestic and overseas affiliates (including subsidiaries of the affiliates).
v) The decision date in #6 is the acceptance date of
overseas direct investment report.
iv) The above contents are subject to change depending on government approvals and authorization process of the related countries(both Norway and Korea).

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