Daewoo Electronics Corp.

Daewoo Electronics' vision is to become a global high-tech manufacturer that offers the widest array of superior - yet affordable-cutting-edge consumer electronics. Daewoo Electronics embraces the digital environment of today, with innovative new technologies of tomorrow that are designed to benefit the entire family, enhance the health of our customers and protect the environment. In this way, Daewoo Electronics' products are designed with today's families in mind and with an emphasis on enhancing healthy lifestyles through state-of the-art and environmentally friendly technologies.

Additionally, while maintaining the highest standards of quality, corporate accountability and management practices, Daewoo Electronics endeavors to seek out new business opportunities. Daewoo Electronics will achieve this with a foundation of stable growth and a strong focus on core competencies and its development into a world-class and comprehensive electronics company.

For the next several years and well into 2005, Daewoo Electronics expects its sales revenues to increase on an annual basis. The Company is currently targeting USD 1.3 billion in revenue from it's A/V business, USD 802.4 million in revenue from its refrigerator and air-conditioner business, and USD 801.4 million in revenue from its home-appliance business, for a total revenue target of USD 2.96 billion by 2005.

Accordingly, Daewoo Electronics will continue to grow its core businesses by increasing the level of its capital investments made in 2002 by fivefold-to USD 245 million within the next three years-in order to develop the next-generation of cutting-edge consumer electronics, as well as to enhance existing lines of business.

Based on an R&D investment plan, Daewoo Electronics expects to make its advanced digital product business account for 30% of total sales revenue and 60% of total operating income by 2005.