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Equity Investment in Major Shareholder

2004.07.16 No. 240
1. Name of investment recipient : Hyundai Motor America
    - Relationship with the Company: Overseas Subsidiary

2. Detail of investment
    - Date of investment : July 26, 2004
    - Object of investment :
       Participation in capital increase(share certificate is unissued)
    - Investment amount(KRW) : KRW 81,109,000,000
    - Total investment amount in major shareholder concerned(KRW) :
       KRW 535,319,000,000

3. Total Investment of Hyundai Motor Company from Beginning of Current Fiscal Year to Current Date
    - Total Investment Size : KRW 161,104,000,000
    - Paid-in Capital at the End of the Previous Fiscal Year :
       KRW 12,497,925,000,000
    - Ratio to Paid-in Capital : 1.29%

4. Purpose of investment : Expanding the installment financing offer rate for Hyundai Motor Company in North America

5. Decision date (date of board resolution)
    - attendance of outside directors :
       Not the matter of BOD Resolution
    - attendance of auditors : absent

6. Applicability of Fair Trade Act : no

7. Others :
    - Exchange Rate : KRW 1,158.7 ( Trading Price for July 16, 2004)
    - Amounts less than KRW 1,000,000 have been deleted from the above amount.
    - The above conditions and dates may be subject to change
       depending on the market situation.
    - Total Investment of Hyundai Motor Company from Beginning of Current Fiscal Year
       to Current Date is since Jan. 1, 2004
    - Decision date in #5 is internal decision.

[Details of Equity Investment in Major Shareholder since Jan. 1,2004]
(unit: share, KRW million)
Name of Subsidiary Relationship with the company Date of Investment #of shares Amount Nationality Remarks
Hyundai Motor Japan OverseasSubsidiary Jan. 15, 2004 20,000 10,558 Japan  
Beijing Jingxion Motor Safeguard Service Co.LTD Overseas Subsidiary Mar. 26, 2004 - 2,897 China  
Hyundai Motor Deutschland Gmbh Overseas Subsidiary Apr. 30, 2004 - 6,015 Germany  
Hyundai Commercial Engine Affiliated Company May 12, 2004 10,000,000 60,525 Korea  
Hyundai Motor America Overseas Subsidiary July 26, 2004 - 81,109 U.S.A  
Total     10,020,000 161,104    


* The above chart is based on exchange rates for July 16, 2004
(KRW 1,158.7 / 1 USD; KRW 10.5581 / 1 JPY; KRW 836.29 / 1 AUD; KRW 1,431.52 / 1 EUR)
Name of Subsidiary Relationship with the company Date of Investment #of shares Amount Nationality Remarks
Hyundai Motor Japan OverseasSubsidiary Jan. 15, 2004 20,000 10,558 Japan  
Beijing Jingxion Motor Safeguard Service Co.LTD Overseas Subsidiary Mar. 26, 2004 - 2,897 China  
Hyundai Motor Deutschland Gmbh Overseas Subsidiary Apr. 30, 2004 - 6,015 Germany  
Hyundai Commercial Engine Affiliated Company May 12, 2004 10,000,000 60,525 Korea  
Hyundai Motor America Overseas Subsidiary July 26, 2004 - 81,109 U.S.A  
Total     10,020,000 161,104    
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