2. MIRAE CORPORATION October 2000

3. This release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company believes the assumptions underlying the forward-looking statements, including those relating to new products, consumption patterns, marketing strategies, and operations are reasonable. However, any of the assumptions could be inaccurate, and therefore there can be no assurance that the forward-looking statements contained in this release will prove to be accurate. Additional information that could cause actual results to vary materially from the results anticipated may be found in the Company's most recent filings and other reports filed with the Securities Exchange Commission. Furthermore, the Company disclaims any obligation or intent to update any such factors or forward-looking statements to disclaim future events and developments. Forward Looking Statement

4. I. II. III. IV. V. Overview Financials Mechatronics Business Multimedia Business Vision & StrategyAGENDA

5. I. Overview

6. http://www.mirae.co.kr -4- Integrate Mechatronics and Multimedia In order to Maximise Shareholder’s Value Y1980 Y1990 Y2000 Founded in 1983 Manufactured lead frame magazines in 1983 Developed and manufactured Test Handlers in 1989 Developed Test Handler in 1990 Developed security solutions in 1995 Began to manufacture TFT Handlers in 1997 Developed SMD placement systems in 1999 Drove sales of TFT Handlers in 1999 Spun off SoftForum in 1999 Founded Lycos Korea, Inc. as a joint venture in 1999 Overview MECHATRONICS MULTIMEDIA

7. http://www.mirae.co.kr -5- Businesses Major Products has been changed to SMD placement systems

8. II. Financials

9. http://www.mirae.co.kr -7- Profitability Analysis Y1999 2000 H1 Sales Gross Profit SG&A Operating Income Net Income Before Tax Net Income 73,029 16,984 9,492 7,492 6,334 5,687 13,183 1,023 8,446 (7,423) 769 2,506 41,791 7,798 22,280 (14,482) (7,490) (2,000) 1999 H1 Gross Margin Operating Margin EBITDA Margin Net Income Margin 23.3% 10.3% 14.9% 7.8% -56.3% -44.4% 19.0% 18.7% -34.7% -22.3% -4.8% FINANCIAL HIGHLIGHTS (Unit: Mil. KRW)

10. http://www.mirae.co.kr -8- FINANCIAL HIGHLIGHTS 2000 H1 Y1999 ASSETA/RInventoriesNPPELIABILITIESDebt Shareholders’ Equity Paid-In Capital Current Ratio Liabilities to Equity Ratio 343,005 50,635 44,585 60,45822,571 0320,434 12,464 9.91 7.2% 177,898 14,855 29,938 59,361 24,633 0 153,265 10,968 3.73 16.1% CHANGE (001H-99) 165,107 35,780 14,647 1.097 (2,062) 0 167,169 1,496 (Unit: Mil. KRW)

11. http://www.mirae.co.kr -9- 2000 1H Results (Unit: Mil. KRW) Y1999 2000 H1 1999 H1 Growth Rate Sales Domestic Exports Net Income 73,029 40,425 32,604 5,687 13,183 8,275 4,908 2,506 454% 389% 5, 756% 126% 41,790 25,714 516,076 (2,000) Domestic Exports 62.8% 37.2% 1999 H1 44.6% 55.4% 2000 H1

12. http://www.mirae.co.kr -10- 2000 1H Results (Unit: Mil. KRW) 48.6% 34.2% 0.9% 8.0% 8.3% 33.1% 55.0% 8.6% 3.3% Y 1999 2000 H1 Test Handler SMD Mounter TFT-LCD Test Handler Lead Frame Magazine Others Sales by Division Y1999 2000 H1 1999 H1 40,182 24,144 6,296 2,407 73,029 5,300 6,013 483 991 396 13,183 14,297 20,326 3,334 3,451 382 41,790 SMT Mounter Semiconductor Test Handler TFT-LCD Test Handler Lead Frame Magazine Others Total

13. http://www.mirae.co.kr -11- 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 19971998199920001H SALES CAPEXR&D SALES61,52317,01441,79073,029 CAPEX 14,0146,24614,0594,671 R&D 6,61213,09417,0238,690 CAPEX/Sales 22.8%36.7%33.6%6.4% R&D/Sales 10.7%77.0%40.7%11.9% 2000 1H Results CAPEX, R&D (Unit: Mil. KRW)

14. III. Mechatronics Business

15. http://www.mirae.co.kr -13- SMD Placement Systems 1 2 3 4 5 6 7 Unit USD Billion) 19961998 2000E2002E 2004E CAGR 17% SMD placement equipment market Highly growing, attractive market :CAGR 17%MARKET PERFORMNACE 1. Penetrated successfully within 1 year 2. Developed high-end products 3. Being increasing sales from big customers

16. http://www.mirae.co.kr -14- Cyclical recovery with 6 months delay from SEMI cycle TEST HANDLERS MARKET PERFORMNACE 1. Diversified Customer Bases 2. Expanded world-wide market shares 3. Kept the leading-edge technology *Source:Dataquest, SEMI, Mirae 0 10 20 30 40 50 60 70 80 (USD billion) 0 10 20 30 40 50 60 70 (USD million) Mirae sales (RHS): Semi. Equipment Semiconductor Capex (LHS) Semi, equip. market (LHS) 1988199019921994199619982000 (E) 2002 (E) 2004 (E)

17. http://www.mirae.co.kr -15- Highly growing market : CAGR 24% TFT-LCD HANDLERS MARKET PERFORMNACE 1. Kept competitive advantages over competitors 2. Dominated the Korean market: 75% M/S 3. Will penetrate to the Taiwanese market TFT-LCD Application Market 0 20 40 60 80 100 120 140 160 (Million units) 1998 1999 2000E 2001E 2002E 2003E2004E 2005E CAGR 24%

18. IV. Multimedia Business

19. http://www.mirae.co.kr -17- Clearly defined Multimedia Strategy Build the Network to Maximise Synergy Effect Become a in Korea by: Become a Multimedia Powerhouse in Korea by: 1. Further JVs with leading foreign Internet companies 2. Incubating local Internet start-ups 3. Strategic investments/alliances in multimedia related companies

20. http://www.mirae.co.kr -18- Lycos Korea, Inc. www.lycos.co.kr Started as 50-50 JV between Lycos Inc and Mirae. In 6 months, marked 10 million ADPVs Fastest start of any Web site & growth among Lycos international operations Now, 80 million ADPVs, #1 portal in Korea Synergies with Terra-Lycos Inc. 20,000 40,000 60,000 80,000 100,000 120,000 JanFebMarApr.MayJunJulyAug Daum LYCOS YAHOO * Source: Dong-hwa Newspaper, 08/27/2000

21. http://www.mirae.co.kr -19- Infra Structure of E-Commerce: SoftForum  Security solution for e-commerce and Internet banking since 1995  SoftForum controls 80% market share in encryption market among banks in Korea SFCA 3.0 Certificate Authority XecureSSL for Micro-Browser Cyber financial card alliance Security Web Mail Connection with Internet TV Partnership for E-commerce Company’sfinancialportal Multiple Security Solution Provider SoftForum Corporation

22. V. Vision & Strategy

23. http://www.mirae.co.kr -21- Vision of 21 Century Vision Leading Company Affiliating Off-Line and On-Line Business Strategy Mechatronics as Cash Cow Mechatronics Business enhancing profits in growing market Multimedia as Stars Multimedia Business promising the mid & long-term prosperity for us as #1 multimedia company in Korea

24. http://www.mirae.co.kr -22- Forecast of Y2000  Recovery of Industry  Diversify the customer  Expand exports  Develop new products  Keep the leadership  Growing demand  Aggressive marketing  Stable mass production  Product portfolio to high valued-products  Growing market  Competitive advantages  Develop new products  Penetrate into Taiwanese Market  Synergy effect among related companies  Lycos, #1 portal in Korea  Dominant M/S of SoftForum  Start up Cyber bank TEST HANDELR SMD MOUNTER TFT-LCD HANDLER MULTIMEDIA The Best Sales and Profit

25. Messages for you  We are strategically positioned with robust 3 stages on electronic food chain: SE, Electronic Equipment, and Service Providers  We are ready to accommodate to any technical transition