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Inverstors News

Overseas Direct Investment (Provision of Payment Guarantee for HMA)

2002.10.17 No. 147


1. Details of overseas company invested:
- Name: Hyundai Motor America (HMA)
- Representative Director: Finbarr O`Neil
- Relationship with HMC: Overseas subsidiary
- Paid-in-capital: USD 166,000,000
- Total number of outstanding shares: 1,150
- Main business: Sales of automobiles and automobile parts
- Business location: L.A., U.S.A.

2. Size of existing investment in HMA (a+b): KRW 880,600,000,000
a. Capital contribution: KRW 880,600,000,000
b. Guarantee for debt payment: None

3. Size of new investment in HMA (a+b): KRW 125,800,000,000
a. Capital contribution: None
b. Guarantee for debt payment: 125,800,000,000

4. Method of funding:
- Funds locally financed: KRW 125,800,000,000

5. Purpose of investment: Support for operating funds

6. Guarantee period for debt payment: Oct. 28, 2002 ~ Oct. 27, 2005

7. Aggregate amount invested by HMC (a+b): KRW 1,321,196,242,770
- Paid-in-capital as of Dec. 31, 2001:KRW 1,476,454,000,000
- Ratio of total investment to capital: 89.48
a. Capital contribution: KRW 903,289,007,770
b. Guarantee for debt payment: KRW 417,907,235,000

8. Date of BOD resolution: October 17, 2002
- 3 out of 4 outside directors were present.
- 3 out of 3 auditors were present.

9. Total asset of HMC as of Dec. 31, 2001: KRW 19,632,846,000,000

(The amount less than million is omitted)



10. Others
- This is related to the payment guarantee for HMA on the Revolving Credit Line in USA.
- Basic exchange rates on October 17, 2002;
1,258.00 KRW/1USD, 1,233.53 KRW/1EUR, 10.0959 KRW/1JPY
- Detailed matters other than the above are to be delegated to the Representative Director.

 
[Details of Direct Investment amount for Overseas Subsidiaries]
 
(unit: KRW)
Name of Subsidiary EquityInvestment Guaranty Total Investment Location
Hyundai Motor Europe 12,593,107,770 55,508,850,000 68,101,957,770 Germany
Hyundai Motor Japan 10,095,900,000 17,163,030,000 27,258,930,000 Japan
Hyundai Translead - 149,702,000,000 149,702,000,000 U.S.A
Hyundai Motor America 880,600,000,000 125,800,000,000 1,006,400,000,000 U.S.A
HAOS   62,900,000,000 62,900,000,000 Turkey
HMP   4,317,355,000 4,317,355,000 Poland
HYME   2,516,000,000 2,516,000,000 Germany
         
TOTAL 903,289,007,770 417,907,235,000 1,321,196,242,770 -
* Basic exchange rates on October 17, 2002;
1,258.00 KRW/1USD, 1,233.53 KRW/1EUR, 10.0959 KRW/1JPY
Name of Subsidiary EquityInvestment Guaranty Total Investment Location
Hyundai Motor Europe 12,593,107,770 55,508,850,000 68,101,957,770 Germany
Hyundai Motor Japan 10,095,900,000 17,163,030,000 27,258,930,000 Japan
Hyundai Translead - 149,702,000,000 149,702,000,000 U.S.A
Hyundai Motor America 880,600,000,000 125,800,000,000 1,006,400,000,000 U.S.A
HAOS   62,900,000,000 62,900,000,000 Turkey
HMP   4,317,355,000 4,317,355,000 Poland
HYME   2,516,000,000 2,516,000,000 Germany
         
TOTAL 903,289,007,770 417,907,235,000 1,321,196,242,770 -
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