Investors News

Overseas Direct Investment

2003.09.18 No. 188

1. Subjected company
    - Name: Hyundai Automotive Australia
    - Representative Director: Lee, Bong Gu
    - Relationship with HMC: Overseas subsidiary
    - Paid-in-capital: KRW 7,754,100,000
    - Total number of outstanding shares : 10,000,000
    - Main business: Foreign trade / Sales of automobiles
    - Business location: Sydney, Australia

2. Current investment amount in HAA : None

3. Size of new investment in HAA ( a + b ) : KRW 38,770,500,000
    - a. Amount of the new equity investment: KRW 15,508,200,000
    - b. Amount of the new guaranty issued: KRW 23,262,300,000

4. Method of financing:
    - Capital Injection : KRW 15,508,200,000
    - Local financing : KRW 23,262,300,000

5. Purpose of investment : To increase sales volume under direct
management by taking over local distributors

6. Period
    - Capital Inject Date : Sep. 30, 2003
    - Guarantee period : Sep. 30, 2003 ~ Sep. 29 2004

7. Aggregate amount invested by HMC : KRW 254,286,890,000
    - Paid-in-capital as of Dec. 31, 2002 : KRW 1,476,454,000,000
    - Ratio of total investment to capital : 17.22(%)
    - Capital Contribution : KRW 87,373,590,000
    - Amount of cumulative guaranties issued : KRW 166,919,300,000

8. Date of BOD resolution: Sep. 17, 2003

9. Total asset of HMC as of Dec. 31, 2002: KRW 20,867,273,000,000

10.Others
    - Basic exchange rate: 775.41 KRW/1.00 AUD on Sep. 17, 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)	-	11,120,380,000	11,120,380,000	Poland
Hyundai Motor Japan Co.	-	25,214,250,000	25,214,250,000	Japan
HAOSVT	-	29,285,000,000	29,285,000,000	Turkey
Hyundai Motor America	58,570,000,000	-	58,570,000,000	U.S.A
Hyundai Motor Japan R&D Center	-	1,008,570,000	1,008,570,000	Japan
Bejing Hyundai Mobis Automotive parts Co. Ltd.	13,295,390,000	-	13,295,390,000	China
HMFC		35,142,000,000	35,142,000,000	U.S.A
HT		22,256,600,000	22,256,600,000	U.S.A
HME		19,624,200,000	19,624,200,000	Germany
HAA	15,508,200,000	23,262,300,000	38,770,500,000	Sydney
TOTAL	87,373,590,000	166,913,300,000	254,286,890,000	-