Public Disclosure

09/03/2001

Disposal of Invested Stocks - Shinsegi Telecom Co., Ltd.

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.

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