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Inverstors News

Purchase of Securities from Major Shareholder

2003.06.12 No. 179

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

    - Relationship with company: Affiliated company



2. Contents of investment

    - Date of purchase: June 12, 2003

    - Securities purchased: 22,406,670 registered common shares of
Hyundai Card Co., Ltd. held by
Hyundai Capital Services, Inc.

    - Purchase amount: KRW 77,437,451,520

    - Total accumulated purchase amount: KRW 77,437,451,520

    - Terms and condition: KRW 3,456 per share



3. Purpose of purchase:

    To strengthen the strategic alliance with Hyundai Card Co., Ltd.



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 date of purchase is the day of contract.

    - 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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