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Inverstors News

Addition of an Affiliated Company

2005.11.17 No. 390
1.Affiliated Company
(1) Name of Company : Innocean Worldwide Communication Private Limited
(2) Representative : Choi, Yoon Kwan
(3) Total Assets : KRW 103,600,000
(4) Total Liabilities : -
(5) Total Shareholder’s Equity : KRW 103,600,000
(6) Paid-in capital : KRW 103,600,000
(7) Business Areas : Advertising agency and advertisement production.
2.Name of Company Group : Hyundai Motor Group
3.Reason for Addition :
Addition through the establishment of an overseas subsidiary (India)by Innocean Worldwide Inc, which is an affiliate of Hyundai Motor Company.
4.Shareholding of Major Shareholders and Others
after Addition : 100.00%
5.Number of Affiliated Companies after addition :
- 140 companies
6.Date of Addition : November 17, 2005
7.Others :
- The financial amounts above are based on the exchange rates for November 17, 2005(KRW 1,036.00 / 1 USD).
- The number of affiliated companies in #5 above include both domestic and overseas affiliates (including subsidiaries of the affiliates).
- The decision date in #6 is the acceptance date of the Official document for the establishment of an overseas subsidiary.
- The above contents are subject to change depending on government approvals, authorization process and market conditions of the related countries (both India and Korea).
* Equal announcement obligation for affiliated company
1.Stock Market
Kia Motors Corporation, Hyundai Mobis, INI Steel Company, KASCO, Hyundai Hysco, BNG Steel, Hyundai Autonet
2.KOSDAQ Market
Eco Plastic Corporation
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