April 21, 2003 in Social Responsibility News

Leasing Real Estate to Major Shareholder

1. Name of lessee(major shareholder)
CHEIL Communications Inc.

  - Relationship with company
Affiliate

2. Details of lease

  - Date of lease
May 1, 2003

  - Real estate leased
427 pyeongs of office building

  - Location of real estate
Taepyeongno Jung-gu Seoul, Korea

  - Specifics of      lease
Lease period
May 1 2003

April 30 2005

Lease deposit(KRW)
                                         390,000,000

Rental payment(KRW)
45,000,000

3. Purpose of putting lease
Office space

4. Decision date(date of board resolution)
April 18, 2003

  - Attendance of outside directors
 Present  (no.)
   7
  Absent   (no.)
     -

  - Attendance of auditors
Present

5. Applicability Fair Trade Act
yes

6. Others
- The rental payment in item 2-d refers to

  the monthly rent.

- An amount less than KRW one million shall   be rounded off in the rental deposit and

  monthly rent.

- The auditors in item 4 refer to the audit

  committee members.

※ Date of relevant disclosure
-


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