Investors News

Overseas Direct Investment (Issuance of Guaranty for Foreign Subsidiary)

2002.08.28 No. 144

1. Subjected company
- Name: Hyundai Motor Europe GmbH (HME)
- Representative Director: Kim, Yong Hwan
- Relationship with HMC: Overseas subsidiary
- Paid-in-capital: EUR 15,209,000-
- Main business: Foreign trade / Sales of automobiles
- Business location: Eschborn, Germany

2. Current investment amount in HME: KRW 17,943,578,200
- Amount of equity investment: KRW 17,943,578,200
- Amount of guaranty issued: None

3. Amount to be newly invested in HME: KRW 35,394,000,000
- Amount of the new equity investment: None
- Amount of the new guaranty issued: KRW 35,394,000,000

4. Method of financing:
- Local financing: KRW 35,394,000,000

5. Use of fund: Financing for facilities

6. Period of the guaranty: Aug. 28, 2002 ~ Aug. 28, 2005

7. Aggregate amount invested by HMC : KRW 1,113,707,738,200
- Paid-in-capital as of Dec. 31, 2001:KRW 1,476,454,000,000
- Ratio of total investment to capital : 75.43
- Amount of cumulative equity investments: KRW 863,108,878,200
- Amount of cumulative guaranties issued : KRW 250,598,860,000

8. Date of BOD resolution: August 28, 2002

9. Total asset of HMC as of Dec. 31, 2001: KRW 19,632,846,000,000

10. Others
- Basic exchange rate: 1,179.80 KRW/1.00 EUR on Aug. 28, 2002

[Details of Direct Investment amount for Overseas Subsidiaries]

(unit: KRW)

Name of Subsidiary	Equity Investment	Guaranty	Total Investment	Location
Hyundai Motor Europe	12,044,578,200	35,394,000,000	47,438,578,200	Germany
Hyundai Motor Japan	10,154,300,000	12,185,160,000	22,339,460,000	Japan
Hyundai Translead	-	142,954,700,000	142,954,700,000	U.S.A
Hyundai Motor America	840,910,000,000	-	840,910,000,000	U.S.A
HAOS		60,065,000,000	60,065,000,000	Turkey
TOTAL	863,108,878,200	250,598,860,000	1,113,707,738,200	-

* Basic exchange rates on Aug. 28, 2002 ;
1,179.80 KRW / 1 EUR, 10.1543 KRW / 1 JPY, 1,201.30 KRW / 1 US

Name of Subsidiary	Equity Investment	Guaranty	Total Investment	Location
Hyundai Motor Europe	12,044,578,200	35,394,000,000	47,438,578,200	Germany
Hyundai Motor Japan	10,154,300,000	12,185,160,000	22,339,460,000	Japan
Hyundai Translead	-	142,954,700,000	142,954,700,000	U.S.A
Hyundai Motor America	840,910,000,000	-	840,910,000,000	U.S.A
HAOS		60,065,000,000	60,065,000,000	Turkey
TOTAL	863,108,878,200	250,598,860,000	1,113,707,738,200	-