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Temporary Response to Disclosure Inquiry regarding Rumor or News

2006.06.30 No. 438
Responsive disclosure regarding the news report of the establishment of a joint venture company with Guangzhou Automobile Company
We have signed a MOU with China Guangzhou Automobile Company in reference to the establishment of a China Commercial Vehicle Joint Venture Plant, after which we have completed various studies such as market research etc. We are currently undergoing negotiations with Guangzhou Automobile Company to study an appropriate business plan etc. and concrete agreement details in order to sign a formal contract.
We will disclose any further details upon its conclusion by the end of December, 2006.
Name of Disclosure Officer : Yoo No Hwang, Senior Vice President
Date of Related Disclosure
(Korea Stock Exchange) : May 13, 2005
                           June 21, 2005
                           December 30, 2005
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