NeoWiz Corporation 1/26

Company Overview 2/26

NeoWiz “ Value Added Internet Company, NeoWiz ” Future 2000 1999 1998 Value Generator egames for LAN OneClick Pay SayClub.com OneClick 2000 Future SayClub.com OneClick Contents OneClick ISP 1999 OneClick ISP 1998 Foundation 1997 3/26

People Founders Advisor Group Sung Kyun Na / CEO - Grand Prize at The 1st Website Development Contest hosted by Chosun Daily News and Dacom - BA in Business Administration from Seoul National Univ., Master from KAIST Byung Gyu Chang / Head of OneClick Div. - Invented the Automatic Internet Connection technology, “OneClick” - 1999 IR52 ChangYoungSil Prize from Ministry of Science & Technology - BS and Ph.D in Computer Science from KAIST Sung Hwan Park / CSO - Advisor and Board Member of internationally recognized Internet companies (Nomura, Nikkei, ECI Capital Group, Rakuten) - CEO, Asia Capital Investment Group - MBA from Harvard Business School In Kil Whang - Vice Chairman, Anam Semiconductor Young Shin Park - Managing Director of Internet Biz Div., Dacom Advisor Group 4/26

Key Management 5/26 Ji Yong Kim / Head of SayClub Division - MSN P.M - Joongang Univ. Jin-hwan Park / Head of Strategic Planning Division - BS from Business Administration from Seoul Nat’l Univ Sang On Choi / CFO - Fund Manager at Tongyang Merchant Bank - BA in Business Administration from Yonsei Univ. Kwan Yong Song / Manager of Finance Team - KICPA, Samil Account Corp. - MA from Business Administration from Seoul Nat’l Univ. Hyun Kook Chang / Manager of OC Pay Team - Strategic Planning at Medison Sun Mi Ko / Manager of PR Team - PR manager at Dream Communications - MA from Yonsei Univ. Sung Kyu Oh / CTO & Chief of R&D - Key Programmer at Haansoft, Serome - MS in Computer Science from KAIST Marvin Park / Manager of Service Development Team - ‘99 IR52 ChangYoungSil Prize from Ministry of Science & Technology Sang Kyu Lee / Manager of Network Operating Team - '98 KT(Korea Technology) Award from Ministry of Science & - BS in Computer Science from KAIST Bum Jae Lee / Manager of Web Design Team - Designed the Blue House Homepage at ISM, design house - BA in Industrial Design from Seoul National Univ. Jamie Chang / Manager of Int’l Business Development Team - Analyst, Massachusetts Dept. of Telecommunications - MPP from Harvard University Ki Won Lee / Manager of OC Business Development Team - BA from Santa Barbara City College 5/26

Strategic Planning Div. Organization CEO BOD R & D CTO OneClick Div. SayClub Div. Strategic Planning Div. 6/26

Awards 2000.5 The Best “Venture Business” in Korea from Ministry of Science & Technology 2000.4 The Best Web site in Chatting in Korea by Korea Management Association 1999.6 IR52 ChangYoungSil Prize from Ministry of Science & Technology 1998.12 Selected as one of the Top 5 Internet SoftWares by Dacom Chollian 1998.3 KT(Korea Technology) Award from Ministry of Science & Technology 1998.11 Selected the Best SoftWare by Chosun Daily Newspaper 7/26

OneClick 8/26

Biz Model OneClick ISP OneClick Contents It’s EASY – User side Free CD Distribution Non-subscription Based Automatic Set-up Per Min. Billing onto KT Phone Bill 24 hrs 365 days Customer SVC OneClick Contents Provide Connect-Setup-Bill System On OneClick ISP Platform Distribute Contents to Massive OneClick Users Revenue Sharing with CPs It’s EASY – User side It’s EASY – Biz side 9/26

Track Record - Revenue We expect over 4 times revenue growth this year compared to the last year. The market share of OneClick reaches to 50% in Non-subscription based Internet access market. 10.2 (Bwon) 8.6 Not accumulated OneClick ISP OneClick Contents (portion) 6.7 OneClick Total 3.8 2.4 1.4 34% 0.9 32% 25% 17% Q1, 99 Q3, 99 Q1, 00 Q3, 00 10/26

Partnerships The strong partnership with over 200 Co’s including well-known ISPs, PC manufacturers, portals, online game providers and software houses. CPs Co-Marketing others … … … 11/26

SayClub.com 12/26

Service Model Chat Message Club MySay Finder SayMall Chat Message Club enhanced new Chat Message Club MySay Finder SayMall Chat Web-based Chat+Game+Movie Message Messenger, e-mail & e-card Club Customizing Editing Tools MySay Creating One’s Own Character Finder Location, Real Name, Age, Purpose SayMall Add-on Character Items / Digital Contents 13/26

#4 in Korea / #5 in Asia / #12 in World Track Record Subscribers 7.0M Dec 2000 Number of Clubs over 20,6839 03 Jan 2001 #2 Max Concurrent Users 70,000 Dec 2000 #1 Duration time Avg 23 min. Nov 2000 #1 Monthly pageviews 1.5B Dec 2000 Ranking by Alexa #4 in Korea / #5 in Asia / #12 in World Sep 2000 Real name IDs 86% By KAIT 14/26

Revenue sources 4 Revenue Streams Online Advertisement thru Targeted Sponsorship Apr 2000 Charge for Premium Service Users Nov 2000 Character Business & Digital Items Charge for Wireless Service Users Feb 2001 Character Download & Messaging Service Chatting Solution & Hosting Service 2001 15/26

New Business 16/26

OneClick eGames Online Game Service Provider  cf. The other game providers charge Flat rate on each games. egames Free CD Distribution + Download on Web Every online games available Per Min Billing by OneClick Pay Broadband (xDSL, Cable, LAN…) egames for LAN users  Narrowband (Modem) Bandwidth Some online games Games Free CD Distribution only Dist. Channel Per Min Billing onto KT bill Payment 17/26

Other Internet Companies (B2B) OneClick Pay Payment Service Provider Post-payment system eGames for LAN users SayClub.com OneClick Pay  Automated Funds Transfer  Credit Card  Mobile Phone Other Internet Companies (B2B)  Web Cash … 18/26

Contents Portal Contents Service Provider plan Movies Music Comics e-Book Mobile Phone Adult OneClick Pay (post-payment system) SayClub / OneClick /egames Users base Easy post-payment system NeoWiz’s Massive users 19/26

NeoWiz Business Scope 20/26

New Biz Scope Community Contents Dist. Payment Connectivity Narrowband Premium Service Broadband + Broadband contents (including online games) OneClick Pay - Community Regular Service Contents Dist. Payment Narrowband Contents Phone bill 21/26

New Revenue Source Community Contents Dist. Payment Connectivity Narrowband Broadband Premium Service by SayCash + Charged Broadband Contents including online games Payment Service Fee Community Online Advertisement Contents Dist. Charged Contents Payment Connectivity Access SVC Fee 22/26

Revenue Break-down Community Contents Dist. Payment Connectivity TTL 1999 0.3 5.0 - 10.9 16.2 2000. Q2 - 2000 e unit: BWon Community - 1.2 7.3 8.5 1.2 3% - Contents Dist. 13.0 4.1 times 1.5 times 37% Payment Connectivity 20.9 60% TTL 35.1 23/26

Service Launch Schedule Sep 2000 Oct 2000 Nov 2000 Feb 2001 SayClub (premium) egames for LAN users OneClick Pay Mobile Service 24/26

To make 10 million paying users by 2001 ! Internet Infra Biz To make 10 million paying users by 2001 ! e-Market Paying Users Digital Asset Connectivity Payment System OneClick OneClick Pay Community SayClub NeoWiz 25/26

Income Statement Revenue FY1999 By Jun 2000 FY2000 8.5 16.2 35.1 4.2 Unit : BWon Revenue 8.5 16.2 35.1 4.2 6.4 17.9 Cost Gross Profits 4.3 9.8 17.2 SG&A 0.1 3.6 6.4 4.2 6.2 10.8 Operating Income Ordinary Income 4.4 6.5 12.9 3.4 5.0 9.6 Net Income 26/26