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COMPANY

Press Release

Domestic Home Network-related businesses are actively entering the foreign markets. It is understood that this movement is resulted from the fact that the domestic home network market has not been energized due to the impact of sales price cap regulation and cost disclosure scheme that are to be in practice from September.

Hyundai Telecom Co., Ltd. that occupied 10% of total sales in the last year has begun to open up the inroad into the foreign market along with major domestic construction companies such as Woolim C&C Co., Ltd.

HYUNDAI TELECOM has completed the construction of home networks at 700 units of Apple Town in Kazakhstan in the beginning of this year and succeeded in selling all units. HYUNDAI TELECOM is current reinforcing local marketing in order to accomplish the contract for the construction of home network for the remaining 2,300 units.