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October 16, 2000 in Social Responsibility News

BOD Approval of Share Buyback

1. Purpose
- The planned share buyback aims to stabilize the stock price and
to improve shareholder value

2. The buyback amounts to approximately KRW 482.4 billion.
※ The actual buyback amount is subject to change based on
the price at the time of the repurchases since the buyback is made on the basis of the fixed number of shares to be repurchased.

3. Class and number of shares subject to buyback
- Common stock : 3,000,000 shares (1.97% )
- Preferred stock : 400,000 shares (1.67%)

4. The buyback will be made through the stock market.

5. The repurchase price is determined in accordance with the
provisions of the Securities Exchange Act.

6. The shares will be repurchased from October 20, 2000 to
January 19, 2001 (The buyback will commence three days after the share repurchase report is filed with the Financial Supervisory Service and be completed within a three-month repurchase period.)

7. SEC will repurchase the shares through Samsung Securities.

8. The BOD authorized the share repurchase on October 16, 2000

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