April 07, 2004 in Social Responsibility News

Retirement of Shares

Classification


Details




1.
Number of shares to be retired


Common shares


3,060,000




Preferred shares


260,000




2.
Total value of shares to be repurchased for retirement (KRW)


2,000,000,000,000




3.
Price of shares to be purchased for retirement(KRW) (closing price in the
previous day of board resolution)


Common shares


595,000




Preferred shares


345,000




4.
Scheduled period of share repurchase for retirement


From


04/12/2004




To


07/10/2004




5.
Scheduled date of share retirement


-




6.
Securities firms designated to repurchase shares to be retired

Samsung Securities, Daehan Investment & Securities, Korea Investment & Securities, Prudential Investment & Securities



7.
Status of shares repurchased for retirement in the current year




Date of repurchase


Class and number of shares


Repurchase price


Scheduled date of retirement


Number of shares retired


Amount of retirement




-


-


-


-


-


-




Total


-


-


-


-


-




8.Daily
order limit and calculation base

- Common stock : 306,000 shares   Preferred stock : 26,000 shares - Calculation base : Daily repurchase     limit is based on a requirement    under which the limit should not    exceed the greater of 10% of shares    to be repurchased or 25% of the    average of daily traded shares for    one month preceding the BOD    resolution.



9.
Date of board resolution


04/07/2004




-
Attendance of outside directors


Present (no.)


6


Absent (no.)


1




-
Attendance of auditors


Present




10.
Others

In item No. 2, the total value of shares to be repurchased for retirement is subject to changes based on the price at the time of the purchase since the buy-back is made based on the fixed number of shares to be repurchased.In item No. 5, the cancellation of the shares will take place immediately after the entire buy-back is completed.


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