Under the Korean Securities & Exchange Law on Public Disclosure Article 69, we state the following disposal of invested stocks in another corporation in public for your reference.
1. Company invested
- Company name : Shinsegi Telecom Co., Ltd.
- Representative : Kim, Dae Ki
- Relation with company : None
- Capital (won) : KRW 800,000,000,000
- Total number of shares : 160,000,000 shares
- Major business : Telecommunication
- Location : 16, Uljiro1ga, Jung-gu, Seoul, Korea
2. Disposition :
- Value disposed (won) : KRW 27,609,477,000
- Number of shares disposed (no.) : 2,629,474
- Number of shares held after disposal : 0
- Equity holding rate after disposal (%) : 0
- Scheduled disposition date : Aug 24, 2001
3. Objective of disposition : Improvement of financial structure through disposal of assets invested to minor business
4. Total amount disposed (won) : KRW 27,609,477,000
- Proportion to capital (%) : 2.67
5. Decision date (board of directors resolution date) : Aug 24, 2001
- Auditors : absent
6. Subject to Monopoly Regulation & Fair Trade Act : No
7. The others
- Decision date stated above is the share trade contraction date.