Investors News

Overseas Direct Investment

2004.03.12 No. 221

1. Details of Overseas Company Invested :
    - Name of Company : Hyundai Motor Finance Company
    - Nationality of Company : U.S.A.
    - Name of Representative : Michael Buckingham
    - Relationship with the Company: Overseas Subsidiary
    - Paid-in Capital: KRW 175,590,000,000
    - Total Number of Outstanding Shares : 750
    - Business Area : Auto Financing Business
    - Location of Head Office : Los Angeles, U.S.A.

2. Size of Existing Investment : KRW 351,180,000,000

3. Size of New Investment (A+B+C) : KRW 234,120,000,000
    A. Capital Contribution : -
    B. Guarantee for Debt Payment : KRW 234,120,000,000
    C. Loan to Overseas Subsidiary : -

4. Method of Funding:
    - Funds Locally Financed : KRW 234,120,000,000

5. Purpose of Investment : Operating Funds

6. Investment Date and Guarantee Period for Debt Payment :
    - Starting Date of Guarantee for Debt Payment : April 30, 2004
    - Ending Date of Guarantee for Debt Payment : April 29, 2007

7. Total Investment of Hyundai Motor Company from Beginning of Current Fiscal Year to Current Date :
    - Total Investment Size (A+B+C) : KRW 291,861,000,000
    - Paid-in Capital at the End of the Previous Fiscal Year : KRW 1,478,603,000,000
    - Ratio to Paid-in Capital : 19.74%
     A. Capital Contribution : KRW 10,505,700,000
     B. Guarantee for Debt Payment : KRW 281,355,300,000
     C. Loan to Overseas Subsidiary : -

8. Decision Date (Date of Board Resolution) : March 12, 2004
    - attendance of outside directors : 3 out of 4
    - attendance of auditors : 3 out of 3

9. Total Assets at the End of the Previous Fiscal Year :
    - KRW 24,250,145,000,000

10. Others :
    - Exchange Rate : KRW 1,170.6 ( Trading Price for March 10, 2004)
    - Amounts less than KRW 1,000,000 have been deleted from the
    - Capital Amount in #7 and Total Assets in #9 stated above.
    - The auditor(s) mentioned in #8 above represents member(s) of the audit
    committee.
    - the above conditions and dates may be subject to change depending
    on the market situation.

[Details of Overseas Direct Investment Amount by Subsidiary]
(unit: KRW)

Name of Subsidiary	CapitalContribution	Guarantee forDebt Payment	Total Investment	Nationality
Hyundai Translead	-	23,412,000,000	2,347,379	U.S.A.
Hyundai Motor Japan Co.	10,505,700,000	-	10,505,700,000	Japan
Hyundai Motor Company Australia	-	13,317,600,000	13,317,600,000	Australia
Hyundai Motor Japan R&D Center	-	10,505,700,000	10,505,700,000	Japan
Hyundai Motor Finance Company	-	234,120,000,000	234,120,000,000	U.S.A.
TOTAL	10,505,700,000	281,355,300,000	291,861,000,000	-