October 16, 2000 in Social Responsibility News

Resolution on Acquisition of Treasury Stock

"Content of Public Announcement

I. Objective : a. Stabilize the share price

b. Enhancement of Shareholders Value Through Repurchase of Treasury Shares



2. Amount of Repurchase & Sources

a. amount repurchased (won) : 482,420,000,000

b. sources : Internal Cash-Flow



3. Class & Number of Shares







Class of Shares

Number of shares (no.)

Ratio (%)





Registered Common Shares

3,000,000

1.97





Registered Preferred Shares

400,000

1.67





New Preferred Shares

-

-









4. Method of Repurchase: Full purchase in the stock market



5. Repurchase Price : The purchase offering price should be limited to 5% premium. (based on the closing price of the previous business day) Upon changing the purchase offering price, the price should be less than: Higher price between the previously asked price & the highest current purchase offering price.



6. Repurchase Period: October 20, 2000 ~ January 19, 2001



7. Securities Brokerage House: Samsung Securities



8. Number and Value of Shares Held Before Repurchase







Classification

Class of Shares

Number

Ratio (%)

Amount (won)





(A+B)

Registered Common Stock

3,449,625

2.26

372,208,578,741





Registered Preferred Shares

869,693

3.64

55,629,792,120





Registered New Preferred Shares

-

-

-





By Way of Market

(A)

Registered Common Shares

3,449,625

2.26

372,208,578,741





Registered Preferred Shares

869,693

3.64

55,629,792,120





Registered New Preferred Shares

-

-

-





By Way of Trust Contract

(Treasury Stock Fund) (B)

Registered New Preferred Shares

-

-

-





Registered Preferred Shares

-

-

-





Registered New Preferred Shares

-

-

-







9. Resolution date of the Board of Directors : October 16, 2000

- outside directors : present (no.): 4 absent (no.): 2

- auditors : present



10. Others:

- upon any changes occur regarding above subject, the public will be announced accordingly.

Those changes are subject to the regulation regarding acquisition and disposal of treasury stocks.


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