Work Stoppage

2003.11.12 No. 196

1. Content of work stoppage:
    - Work stoppage in manufacturing plants

2. Business location for work stoppage:

    - All Hyundai Motor Manufacturing Plants

3. Sales revenue of work stoppage plants(unit: Korean Won):
    a) Sales Revenue of work stoppage plants (Jan. ~ Jun. 2003):
       KRW 12,666,458,000,000
    b) Total sales revenue of the company (Jan. ~ Dec. 2002):
       KRW 26,336,922,000,000
    c) Sales revenue portion of work stoppage plants(c=a/b):
    48.09%

4. Work stoppage date(time period): November 12, 2003. 1:00PM (4hrs.)

5. Reason of work stoppage:
    - A stoppage in operations in accordance with the decision made
     by the Korea Confederation of Trade Unions (KCTU)

6. Expected date of operation resumption: November 13, 2003

7. Effects of work stoppage:
    - Vehicle production loss for selective models(approximately 1,400 units)

8. Total assets of Hyundai Motor Company as of the end of fiscal year 2002
      (unit: Korean Won): KRW 20,867,273,000,000

9. Others :
    - Operations are expected to resume on November 12, 2003 9:00 PM
    - Amounts less than KRW 1,000,000 have been deleted from the all
amounts.