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Inverstors News

Purchase of Securities from Major Shareholder

2003.06.12 No. 177

1. Name of seller : Hyundai Capital Services, Inc.

    - Relationship with company: Affiliated company



2. Contents of investment

    - Date of purchase: June 19, 2003

    - Securities purchased: Public offering of subordinated
debentures issued by Hyundai Capital Services, Inc.

    - Purchase amount: KRW 50,000,000,000

    - Total accumulated purchase amount: KRW 50,000,000,000

    - Terms and condition:

       A) Interest Rate : 9.2% APR (monthly interest payments)

       B) Maturity Date : July 19, 2008 (5 years & 1 month)



3. Purpose of purchase:

    Excess cash management through investment in high-interest bonds



4. Date of board resolution: June 12, 2003

    - 3 out of 4 outside directors were present.

    - 3 out of 3 auditors were present.



5. Applicability of Korean Fair Trade Act : YES



6. Others:

    - The above purchase amount represents the maximum limit.

    - Detail matters other than the above are to be delegated to
the Representative Director.

    - The above stated may be subject to change depending on the
detailed schedule.
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