July 19, 2004 in Social Responsibility News

Payment of Interim Dividend

1.Total payout (KRW)


791,100,000,000





2. Dividend per

    share (KRW)

Major shareholder

Common shares


5,000





Preferred shares


5,000





Minor shareholder

Common shares


5,000





Preferred shares


5,000





3. Dividend yield (%)

Major shareholder

Common shares


1.08





Preferred shares


1.69





Minor shareholder

Common shares


1.08





Preferred shares


1.69





4. Record date

06/30/2004




5. Board decision date

07/16/2004




- Attendance of outside directors

Present
(no.)

5

Absent
(no.)

2




- Attendance of auditors

Present




6. Others


- The total payout in item No.1 is rounded off for the amount

   below KRW 100,000,000.

- The dividend yield in item No.3 was calculated as follows:

   (Dividend per share) divided by (the average of ending

   prices of the stock for five operating days leading up to two

   days prior to the record date, i.e., 24th-28th) multiplied by 100

- The auditors in item No.5 are members of the audit committee.

- As SEC generated a record semi-annual net profit

   exceeding the total net profit of the full year 2003,

   the Company raised the interim dividend to KRW 5,000 per

   share in a form of special dividend from the previous

   KRW 500 per share.


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