An economic ministerial coordination meeting was held on November 17th to among others review progress on chaebol reform. Following outlines some of the major underlying discussion items.

1. Top 5 Chaebol Restructuring
1) Implementation of Capital Structure Improvement Plan (four chaebol groups)
2) Daewoo Debt Workout Program

2. Debt/Equity Ratio Guideline
1) Top 5 Chaebol
2) 6-64 Chaebol

* Please refer to the attached file for details.