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Inverstors News

Overseas Direct Investment (Issuance of Guaranty for Foreign Subsidiary)

2003.07.10 No. 180
1. Subjected company
    - Name: Hyundai Motor Europe GmbH (HME)
    - Representative Director: Nam, Kwang Ho
    - Relationship with HMC: Overseas subsidiary
    - Paid-in-capital: KRW 20,340,060,330
    - Main business: Foreign trade / Sales of automobiles
    - Business location: Eschborn, Germany

2. Current investment amount in HME: KRW 80,521,710,330
    - Amount of equity investment : KRW 20,340,060,330
    - Amount of guaranty issued : KRW 60,181,650,000

3. Amount to be newly invested in HME: KRW 13,373,700,000
    - Amount of the new equity investment: None
    - Amount of the new guaranty issued: KRW 13,373,700,000

4. Method of financing:
    - Local financing: KRW 13,373,700,000

5. Use of fund: To construct an overseas design center

6. Period of the guaranty: July 9, 2003 ~ August 22, 2005

7. Aggregate amount invested by HMC : KRW 142,947,570,000
    - Paid-in-capital as of Dec. 31, 2001 : KRW 1,476,454,000,000
    - Ratio of total investment to capital : 9.681 (%)
    - Amount of cumulative equity investments: KRW 72,368,460,000
    - Amount of cumulative guaranties issued : KRW 70,579,110,000

8. Date of BOD resolution: July 9, 2003

9. Total asset of HMC as of Dec. 31, 2002: KRW 20,867,273,000,00010. Others
- Basic exchange rate: 1,337.37 KRW/1.00 EUR on July 10, 2003

[Details of Direct Investment amount for Overseas Subsidiaries in 2003]

(unit: KRW)
Name of Subsidiary Equity
Investment
Guaranty Total
Investment
Location
Hyundai Motor Poland Sp. Zo.O (HMP) 6,686,850,000  6,686,850,000  Poland
Hyundai Motor Japan Co. 20,027,200,000  20,027,200,000  Japan
HAOSVT 29,490,000,000  29,490,000,000  Turkey
Hyundai Motor America 58,980,000,000  58,980,000,000  U.S.A
Hyundai Motor Japan R&D Center 1,001,360,000  1,001,360,000  Japan
Bejing Hyundai Mobis Automotive parts Co. Ltd. 13,388,460,000  13,388,460,000  China
Hyundai Motor Europe GmbH (HME) 13,373,700,000  13,373,700,000  Germany
TOTAL 72,368,460,000  70,579,110,000  142,947,570,000  -

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