May 23, 2003 in Social Responsibility News

Other Major Management Issues: On matters related to disposing holdings of other companies

1. Details of companies: (As of end of 2002)
a. Saerom Co.,
b. CEO – Hong, Ki-Tae
c. Total capital (KRW) : 18.1 bill
d. Total issued shares : 36,221,718
e. Business area – Internet phones, and related service provider
f. Address – Seoul Si, Kwangjin-Ku, Kuwee-Dong, 546-4


2. Details of disposal
- Amount: KRW 6.43 bill
- # of shares to be disposed (shares): 8,000,000
- Remaining ownership: None
- Portion after disposal: None

* Note: The amount above includes fees. The BOD has approved the decision above on
7/19/2002 and authorized the CEO to decide on details, e.g., disposal period, price,
method, etc. The disposal was completed on 5/22/2003, and, thus, the information is
disclosed.

3. Purpose of disposal: Disposal of non-essential assets
4. Date of the related disclosure: 7/19/2002


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