Hyundai Worldwide Global Navigation
| 1. Accumulated investment amount in recipient concerned in 2005(A): KRW 28,153,000,000 - Shareholders' Equity(B): KRW 12,497,925,000,000 - Ratio (A/B):0.23% |
| 2. Applicability of Korean Fair Trade Act : No |
| 3. Others : Shareholders' Equity in #1 above is as of the end of 2003. |
| [Details of investment] |
| Name of investment recipient: Hyundai Motor Europe Technical Center GmbH(HMETC) |
| 1. Relationship with company : Affiliate(a local overseas subsidiary) |
| 2. Investment amount : KRW 28,153,000,000 |
| 3. Method of Investment : - |
| 4. Object of investment : - |
| 5. Decision Date : February 17, 2005 |
| 6. Others : Total investment amount in HMETC : KRW 49,012,750 |
| 7. Total shareholding in HMETC: 100% i) The investment above is in the form of the investment in kind Europe with asset held by Hyundai Motor Company according as Hyundai Motor Technical Center GmbH is being a business corporation. The object of investment is machinery and equipment, tools, furniture for computer and leasehold deposit etc. ii) The investment amount in #2 above is based on the exchange rates for January 1, 2005(KRW 1,405.41 / 1 EURO). iii) The date of evaluation for the investment in kind : January 01, 2005 iv) The decision date in #5 above is the internal decision date. v) Total shareholding and total investment amount in HMETC mentioned in #6 above is including the amount of EURO 15,000,000, which is disclosed on December 7, 2004 and the investment in kind stated in #2 above. vi) The above contents are subject to change depending on government approvals, authorization process and market conditions of the related countries (both Germany and Korea). |