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Resolution on Disposal of treasury stock

2007.09.20 No. 512


Number of shares expected to be disposed: - Common Share: 1,665,630 shares
2. Expected amount of Disposal: - Common Shares: KRW 118,259,730,000

3. Period for Disposal : From October 26, 2007 to October 31, 2007

4. Purpose of disposal : Grant of Stock Bonus to Employees

5. Status of treasury stock holdings before disposal :

 

Type of shares

Number of shares

Percentage (%)

Number of Direct

Holdings

 

Common shares

12,665,630

5.8

Preferred shares

2,950,960

4.5

Number of

Indirect

Holdings by

Trust contract

Common shares

107,481

0.05

Preferred shares

-

-

 

Type of shares

Number of shares

Percentage (%)

Number of Direct

Holdings

 

Common shares

12,665,630

5.8

Preferred shares

2,950,960

4.5

Number of

Indirect

Holdings by

Trust contract

Common shares

107,481

0.05

Preferred shares

-

-



6. Date of board resolution: September 20, 2007
=  attendance of outside directors : 3 out of 5
=  attendance of auditors : present

7. Others
- After the completion of acquisition of “Number of shares expected to be disposed” (1,665,630 common shares) through the market, they will be granted to employees as a stock bonus by within the end of October 2007.

- The “Expected amount of disposal” in #2 above, which is
the amount of shares in #1 above multiplied by the closing
price for September 19, 2007 (one day prior to the “Date
of board resolution” in #6 above), and may be subject to
change according to the actual purchase price.

- The Number of Direct Holdings Common Shares in #5 above
includes 1,665,630 shares expected for acquisition by
within the end of October 2007.

=  The auditors in #7 above are the member of Audit Committee.
=  The stock bonus will be granted by method of input into each employee's individual stock trading account.
=  The above contents may be subject to change depending
on the related laws and regulations, etc.
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