Responsive disclosure regarding the news report of the
establishment of a joint venture company with
Guangzhou Automobile Company
We are currently undergoing negotiations with Guangzhou Automobile Company about the most suitable business plan regarding the establishment of a China Commercial Vehicle Joint Venture Plant.
And also we are additionally under review for foreign exchange risk and the change of domestic and overseas commercial vehicle industry environment, which affect the establishment of Joint Venture Plant.
We will disclose any further details upon its conclusion by the end of June, 2007.
Name of Disclosure Officer : Yoo No Hwang,
Senior Vice President
l Date of Related Disclosure
(Korea Stock Exchange) : May 13, 2005
June 21, 2005
December 30, 2005
June 30, 2006