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Inverstors News

Sales of Asset Regarding Major Shareholders and Others

2005.03.30 No. 320
Name of Purchaser: Autoever Systems Corporation
1. Relationship with company : Affiliated Company
2. Sales Amount : KRW 5,152,527,500
3. Object of sale : IT assets including server and network management equipment
4. Purpose of sale : Enhance efficiency of computer equipment management and cost reduction
5. Book value of asset sales : KRW 5,152,527,500
6. Accumulated balance of sale to Autoever Systems Corporation for CY 2005 : KRW 5,152,527,500
7. Shareholder’s Equity as of end of 2003 : KRW 12,497,925,000,000
8. Decision Date(internal decision date) : March 30, 2005
9. Expected Sale Date : March 31, 2005
10. Others:
- The Sale amount in #2 above excludes value added tax.
- The financial data # 5 above is the average of the appraisal amounts made by the two companies concerned.
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