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Public Disclosure

03/04/2002

Equity Investment in Hiplaza Co., Ltd.

Under the Korean Securities & Exchange Law on Public Disclosure Article 69, we state the following equity investment in another corporation (acquisition) in public for your reference.

1. Company invested

- Company name: Hiplaza Co.,Ltd
- Representative: Jae Kyung Jang
- Relation with company: None
- Capital (won): KRW 200,000,000
- Outstanding number of shares (no) : 40,000
- Major business: Distribution Industry
- Location: Sinsa-dong, Kangnam-gu, Seoul, Korea

2. Equity investment:

- Amount invested (won): KRW 70,000,000,000
- Number of shares (no.): 1,400,000
- Number of shares held after investment (no.): 1,400,000
- Equity holding rate after investment (%): 97.22
- Scheduled investment date : Feb 26, 2001

3. Objective of shares investment: Stable distribution channel

4. Total amount invested (won): KRW 70,000,000,000

- Proportion to capital (%): 6.79

5. Decision date: Feb 25, 2002

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