Investors News

Overseas Direct Investment (Issuance of Guaranty for Foreign Subsidiary)

2003.07.10 No. 180

1. Subjected company
    - Name: Hyundai Motor Europe GmbH (HME)
    - Representative Director: Nam, Kwang Ho
    - Relationship with HMC: Overseas subsidiary
    - Paid-in-capital: KRW 20,340,060,330
    - Main business: Foreign trade / Sales of automobiles
    - Business location: Eschborn, Germany

2. Current investment amount in HME: KRW 80,521,710,330
    - Amount of equity investment : KRW 20,340,060,330
    - Amount of guaranty issued : KRW 60,181,650,000

3. Amount to be newly invested in HME: KRW 13,373,700,000
    - Amount of the new equity investment: None
    - Amount of the new guaranty issued: KRW 13,373,700,000

4. Method of financing:
    - Local financing: KRW 13,373,700,000

5. Use of fund: To construct an overseas design center

6. Period of the guaranty: July 9, 2003 ~ August 22, 2005

7. Aggregate amount invested by HMC : KRW 142,947,570,000
    - Paid-in-capital as of Dec. 31, 2001 : KRW 1,476,454,000,000
    - Ratio of total investment to capital : 9.681 (%)
    - Amount of cumulative equity investments: KRW 72,368,460,000
    - Amount of cumulative guaranties issued : KRW 70,579,110,000

8. Date of BOD resolution: July 9, 2003

9. Total asset of HMC as of Dec. 31, 2002: KRW 20,867,273,000,00010. Others
- Basic exchange rate: 1,337.37 KRW/1.00 EUR on July 10, 2003

[Details of Direct Investment amount for Overseas Subsidiaries in 2003]

(unit: KRW)

Name of Subsidiary	Equity Investment	Guaranty	Total Investment	Location
Hyundai Motor Poland Sp. Zo.O (HMP)	-	6,686,850,000	6,686,850,000	Poland
Hyundai Motor Japan Co.	-	20,027,200,000	20,027,200,000	Japan
HAOSVT	-	29,490,000,000	29,490,000,000	Turkey
Hyundai Motor America	58,980,000,000	-	58,980,000,000	U.S.A
Hyundai Motor Japan R&D Center	-	1,001,360,000	1,001,360,000	Japan
Bejing Hyundai Mobis Automotive parts Co. Ltd.	13,388,460,000	-	13,388,460,000	China
Hyundai Motor Europe GmbH (HME)	-	13,373,700,000	13,373,700,000	Germany
TOTAL	72,368,460,000	70,579,110,000	142,947,570,000	-