1. Overall Performance Evaluation of Top 5 Chaebol

a) Top 5 Chaebol in Aggregate

- In the first half of 1999, the top 5 chaebol implemented given restructuring plans at a satisfactory level and in some cases were even ahead of agreed time frame (eg. reduction in debt/equity ratio).

• As of end June, 1999 debt/equity ratio was reduced to 302.2% beating target of 335.7% for the period.

- Top 5 chaebol were able to raise ￦17.3 trillion, displaying a completion rate of 117.7% when compared to target for the 1st half of W14.7 trillion.

• Asset sales ￦7.0 trillion (completion rate : 109.0%), recapitalization ￦10.3 trillion (completion rate : 124.3%)

- Foreign capital inducement target was also surpassed reaching $2.67 billion at a completion rate of 113.4%.

- Other areas such as elimination of cross guarantees, spin-offs, improvements in corporate governance also exceeded set targets.

* Please refer to the attached file for details.