Guarantee of Debt Payment for Major shareholder

2004.08.06 No. 249

1. Name of debtor(major shareholder)
    : SMART (Stamped Metal American Research Technology, Inc.)
    - Relationship with company : Affiliated Subsidiary Company

2. Details of guaranteed debt :
    - Contents of principal debts : Term Loan (3 year maturity)

    - Name of creditor : WACHOVIA
    - Period of guarantee : From August 20, 2004 To August 19, 2007
    - Amount of guarantee concerned : KRW 41,914,800,000
    - Accumulated balance of debt payment guarantee for major shareholder concerned
      for CY 2004 : KRW 41,914,800,000

3. Date of decision(Internal Decision Date) : August 6, 2004

4. Others:
    - The amount in #2 above is based on the exchange rates for August 6, 2004
      (KRW 1,164.30 / 1 USD).
    - The above details may be subject to change depending on the the market situation.