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Partial Transfer of Business

1999.12.17 No. 18
1. Transferree : Hyundai Precision & Industries Co. Ltd.
2. Objective of Transfer : Auto Parts Business of Hyundai Motor Company
  And related employees
3. Amount of Transfer : Amount will be finalized after asset due diligence
4. Purpose of Transfer : To maximize manufaturing efficiency for completd built
  vehicles through the separation of auto parts sales
  business for after service purpose
5. Date of Transfer : Feburary 1, 2000 (Tentative)
6. Appraisal Rights : N/A
7. Date of Board Resolution : December 16, 1999
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