December 01, 2000 in Social Responsibility News

Voluntary Disclosure of Other Material Information Regarding Business

1. Name (Company name): TTSEC

a. Nationality: China

b. Representative: Sim, Sung-Woo

c. Paid-In-Capital: 99.6 Million Dollars (USD)

d. Number of Outstanding Shares: None

e. Core Business: Manufacturing of color TVs

f. Location: Chun-Jin China



2. Book Value: 24.6 Billion KRW



3. Contents of Disposal

a. Amount: $1 (USD)

b. Number of shares outstanding after the disposal: None

c. % of ownership after the disposal: None



4. Reason/Objective of the Disposal

Merger of overseas subsidiaries



5. Disposal (Expected) Date: December 04, 2000



6. Decision Date (resolution date of the board of directors): December 01, 2000

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

- auditors: present



7. The Others:

- The total paid-in-capital was 120 Billion KRW, however, as of end of September 00, it reached

24.6 Billion KRW after the net equity evaluation method was applied

- The disposal price was set by outside evaluation agency based on inheritance tax laws.


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