Investors News

Change for Business Objective

2006.02.23 No. 414

Date of Original Announcement : January 26, 2006

Category	Before Change	After Change
#2 Below “Contents of Addition”	----------------------------------------------------------and mail-order sales business	------------------------------------------------------ and telemarketing and sales business
“Details of Contents of Addition” column	Mail-order sales business	Telemarketing and sales business
“Details of Contents of Addition” column	------------------------------------------& mail-order sales business	-------------------------------------- & telemarketing and sales business

1. Category : Addition of Business Objective
2. Contents of addition : Auto supplies manufacture and sales business , the recycling business, franchise business and telemarketing and sales business
3. Reason for addition : To establish a basis for pursuing
a new business opportunity
4. Resolution date of Board of Directors : January 26, 2006
-attendance of outside directors : 3 out of 4
-attendance of auditors(who are not outside directors) : -
5. Expected date for the General Meeting of Shareholders :
- March 10, 2006
6. Others
1) The articles of addition of business objective in # 1
above is the resolution of the Board of Directors, and may be subject to change depending on process of resolution at the General Meeting of Shareholders
2) The Hyundai Motor audit committee is composed by all outside directors.( 3 out of 3 present)
* Details of Contents of addition

	Before	After	Objective of change
Auto supplies manufacture and sales business	Auto Parts wholesale business	Auto Parts wholesales business and Auto supplies manufacture & sales business	Satisfaction of customers’ various auto related demands
Recycling business	Auto management business (used car purchase and sales / car scrappage)	Auto management business (used car purchase and sales / car scrappage /recycling business etc.)and related franchise business	Pursue Eco-friendly business and effectively respond to environmental regulations and Strengthen general customer relations for auto sales
Franchise business
Telemarketing and sales business	Electronic commerce and internet business	Electronic commerce and internet business & telemarketing and sales business