Loans to Major Shareholder and others

2004.03.24 No. 226

1. Name of Borrower : Daimler Hyundai Truck Corporation
    - Relationship with Company : Affiliate

2. Details of Loan:
    - Date of Loan : March 26, 2004
    - Amount of Loan : KRW 15,765,750,000
    - Accumulated Balance of Loan to the Major Shareholder Concerned :
     KRW 21,498,750,000
    - Terms and Conditions of Loan :
    A. Loan Period - March 26, 2004 ~ June 30,2004
    B. Interest Rate - 9% per annum

3. Purpose of Providing Loan : to promote smooth supply of truck engines by providing a loan for machine and equipment

4. Decision Date : March 24, 2004
    - attendance of outside directors : 3 out of 4 present
    - attendance of auditors : 3 out of 3 present

5. Applicability of Fair Trade Act : Yes

6. Others :
    - The auditor(s) mentioned in #4 above represents member(s) of the audit committee