May 26, 2003 in Social Responsibility News

BOD Resolution to Sell Security Holdings

□ Background


The BOD resolved to sell shares of KorAm Bank, Dacom Corporation, and
Hanaro Telecom on May 26, 2003. The president and CEO was
commissioned to decide on the details of when, how, and at what price the stock
would be sold for one year following the resolution.


This essentially extended for another year a similar resolution that was passed last year.


□ Details of the Resolution

1. The planned sell-off aims to dispose of unnecessary assets.
2. Shares of KorAm Bank, Dacom Corporation, and Hanaro Telecom will be sold
3. Number of shares subject to the sell off


- KorAm Bank : 8,497,358 shares
- Dacom Corporation : 4,262,127 shares
- Hanaro Telecom : 23,542,281 shares


Sales amounts will be disclosed as soon as the disposals are conducted
in the open market.


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