1. CAPABILITY STATEMENT
REITS Business Group

2. Table of Contents
Introduction of KORAMCO
Introduction of KOCREF

3. INTRODUCTION OF KORAMCO
KORAMCO REITS & TRUST (KORAMCO) is the biggest asset management company in term of managing asset value in Korea. KORAMCO has carried out investment & asset management on real estate valued at USD1,442 million since KORAMCO has an 65% market share of Korea’s REITS market. Establishing trust business group in March 2006, KORAMCO is able to provide integrated real estate investment services and meet clients’ diversified needs for real estate investment.
Company Brief
Establishment date: October 2001
Capital stock: USD10.25 million
Operate 7 KOCREF funds valued at USD1,087 million in exclusive of KOCREF#8 & S
Stakeholders:
Asset management achievement:
Asset Value
(USD million)
Stakeholders
Ratio
Fund Name
Period
Remark
Woori Bank
Korea Development Bank
Hanhwa Securities Co., Ltd.
Chohung Bank
Dongyang E&C
Korean Reinsurance Company
Hana Bank
KMCC
SK Securities
Others
Total
12.20%
11.70%
9.94%
8.19%
8.12%
4.68%
3.51%
2.46%
35.70%
100.00%
KOCREF#1
KOCREF#2
KOCREF#3
KOCREF#4
KOCREF#5
KOCREF#6
KOCREF#7
KOCREF#8
KOCREF#S
Total
May 2002
Nov. 2002
Aug. 2003
Apr. 2004
Dec. 2004
Jul. 2005
Oct. 2005
May 2006
Jan. 2007
241
122
165
191
109
128
131
126
229
1,442
Under Closing
To be listed on June 2006
Secured
(USD1=KRW975.6 as of 30 March 2006)

4. INTRODUCTION OF KORAMCO
Strength of KORAMCO
Concentration of market information as market leader
Concrete network with information source
Risk analysis and Risk management system
Secure sound and stable investment properties
Portfolio
Sourcing
KORAMCO
Asset Management
Plenty experiences in the market
Management and operation
by highly–skilled professionals
Advanced management system
Funding
Established by leading Korean financial institutions
Timely investment in sound properties
High creditability due to strong track record
Transparent
Enterprise
On behalf of the stakeholders, monitored by internal organization
such as Investment Deliberation Committee and Executive Board

5. Board of Evaluation Analysis
INTRODUCTION OF KORAMCO
Organization
KORAMCO
Executive Board
Woori Bank
Korea Development Bank
Chohung Bank
Hanwha Securities Co., Ltd.
Shin & Kim (Law Firm)
Board of Audit
Board of Evaluation Analysis
Administration
Division
REITs Business Group
Trust Business Group
Legal
Compliance
Investment
Deliberation
Committee
Business
Planning Team
Finance
Division
Investment
Division
Asset
Management
Division
Legal Affair
Division
Trust Business
Team 1
Trust Business
Team 2
Trust Business
Team 3

6. INTRODUCTION OF KORAMCO
VISION
To be the pre-eminent market player by focusing on innovation, trustworthiness and performance
Continue maintaining superiority position in local market
Raise capability for integrity and competitiveness of asset management
Diversify investment portfolio in local market and expand investment opportunity into overseas market
Commitment to set up a global standard in Korean real estate market

7. INTRODUCTION OF KOCREF
KOCREF is a real estate investment company to invest on real asset under REITS platform, which is set up and managed by KORAMCO.
When KORAMCO prepares investment properties and sets up KOCREF for the investment opportunity, investors participate in the KOCREF as shareholders for its investment.
Investment Structure of KOCREF
KORAMCO
Secure Investment
Properties
IPO
Stock Market
Asset Management
Investor
Investment
KOCREF
(REITs)
Ownership
Investment
Portfolio
Dividend
Operating
Income
Office Buildings
Retail Buildings
Industrial Facilities
Overseas Investment
Operation
Custody
Asset Trustee

8. INTRODUCTION OF KOCREF
KOCREF Brief
KOCREF Status: consist of total 19 assets valued at USD 1,442 million
Asset Value
(USD million)
Fund Name
IPO
Period
Remark
KOCREF#1
KOCREF#2
KOCREF#3
KOCREF#4
KOCREF#5
KOCREF#6
KOCREF#7
KOCREF#8
KOCREF#S
Total
Listed
Unlisted
To be listed
May 2002
Nov. 2002
Aug. 2003
Apr. 2004
Dec. 2004
Jul. 2005
Oct. 2005
May 2006
Jan. 2007
241
122
165
191
109
128
131
126
229
1,442
Under Closing
To be listed on June 2006
Secured
Major Investors of KOCREF
Bank
Chohung Bank, Hana Bank, Korea Development Bank, Woori Bank, Gyeongnam Bank and etc.
Insurance
Korea Life Insurance, Firs Fire & Marine Insurance, Kumho Life Insurance, Kyubo Life Insurance,
LIG Fire & Marine Insurance, Oriental Fire & Marine Insurance, Samsung Fire & Marine Insurance,
Samsung Life Insurance, ING Life Insurance, and etc.
Pension
Korea Local Administration Official’s Mutual Fund, Korean Teacher’s Credit Union,
National Pension Corporation, Samsung Life Insurance Welfare Foundation,
Seoul National University Foundation, and etc.
Corporate
Hanwha Chemical, YTN, E-land, STX, and etc.
(USD1=KRW975.6 as of 30 March 2006)

9. INTRODUCTION OF KOCREF
Track Record: KOCREF#1
Portfolio
GFA
(Sqm)
Asset Value
(USD million)
Property Name
Use
Location
Scale
Hanwha B/D
Daehan B/D
Dae-a B/D
Total
Office
CBD
YBD
Mapo
29F / B5
14F / B4
17F / B4
79,048
14,623
14,014
107,685
191.7
25.2
24.0
240.9
Hanwha B/D
Daehan B/D
Dae-a B/D
Shareholders Ratio
Leading Banks
Insurance Companies
Public
Others
41%
19%
18%
23%
(USD1=KRW975.6 as of 30 March 2006)

10. Specialized Clinic B/D
INTRODUCTION OF KOCREF
Track Record: KOCREF#2
Portfolio
GFA
(Sqm)
Asset Value
(USD million)
Property Name
Use
Location
Scale
Myeongdong Tower
Trees Tower
Total
Office + Shopping Mall
Specialized Clinic B/D
CBD
GBD
22F / B2
13F / B4
27,822
13,002
40,824
84.4
27.8
122.2
* Tress Tower and Myungdong Tower was sold out in 2004 and 2005 respectively.
KOCREF#2 has been under process of closing.
Myeongdong
Tower
Trees Tower
Shareholders Ratio
Banks
Insurance Companies
Public
36%
23%
41%
(USD1=KRW975.6 as of 30 March 2006)

11. INTRODUCTION OF KOCREF
Track Record: KOCREF#3
Portfolio
GFA
(Sqm)
Asset Value
(USD million)
Property Name
Use
Location
Scale
Hanwha Securties B/D
I-ville Hill Town
Total
Office B/D
Exhibition Center
YBD
GBD
27F / B7
7F / B4
59,640
21,117
80,757
150.7
14.3
165.0
Hanwha Securities
Building
I-ville Hill Tower
Shareholders Ratio
Banks
Insurance Companies
Public
Others
32%
22%
34%
12%
(USD1=KRW975.6 as of 30 March 2006)

12. INTRODUCTION OF KOCREF
Track Record: KOCREF#4
Portfolio
GFA
(Sqm)
Asset Value
(USD million)
Property Name
Use
Location
Scale
YTN Tower
Hansol M.Com B/D
Total
Office B/D
CBD
GBD
20F / B6
20F / B7
42,320
26,006
68,326
122.0
68.7
190.7
YTN Tower
Hansol M.Com
Builidng
Shareholders Ratio
Insurance Companies
Pension
Banks
Others
30%
25% 4%
41%
(USD1=KRW975.6 as of 30 March 2006)

13. INTRODUCTION OF KOCREF
Track Record: KOCREF#5
Portfolio
GFA
(Sqm)
Asset Value
(USD million)
Property Name
Use
Location
Scale
Dacom Building
Total
Office B/D
GBD
20F / B7
34,459
108.6
Dacom Building
Shareholders Ratio
Insurance Companies
Pension
60%
40%
(USD1=KRW975.6 as of 30 March 2006)

14. INTRODUCTION OF KOCREF
Track Record: KOCREF#6
Portfolio: New Core Premium Outlets
GFA
(Sqm)
Asset Value
(USD million)
Property Name
Use
Location
Scale
Now Core Ilsan
New Core Yatap
New Core P/C
New Core Inchoen
Total
Retail
Ilsan
Bundang
Pyeongchon
Incheon
10F / B7
8F / B7
12F /B7
17F / B4
59,660
76,873
69,633
56,833
203,339
128.1
Ilsan
Yatap
Pyeongchon
Incheon
Shareholders Ratio
Pension
Insurance Companies
Banks
Others
53%
20%
17%
10%
(USD1=KRW975.6 as of 30 March 2006)

15. INTRODUCTION OF KOCREF
Track Record: KOCREF#7
Portfolio
GFA
(Sqm)
Asset Value
(USD million)
Property Name
Use
Location
Scale
LG Da-dong B/D
Kolon Kwacheon B/D
Total
Office B/D
GBD
Kwacheon
17F / B5
10F / B5
24,853
26,860
40,824
131.1
LG Da-dong
Building
Kolon Kwacheon
Building
Shareholders Ratio
Insurance Companies
Pension
Banks
Others
27%
12%
13%
49%
(USD1=KRW975.6 as of 30 March 2006)

16. INTRODUCTION OF KOCREF
Track Record: KOCREF#8
Portfolio
GFA
(Sqm)
Asset Value
(USD million)
Property Name
Use
Location
Scale
Geoyang B/D
Bundang Shinyoung B/D
Total
Office B/D
CBD
Bundang
12F / B2
12F / B6
16,440
23,822
40,262
125.5
Geoyang
Building
Bundang Shinyoung
Building
* To be listed on June 2006
Shareholders Ratio
Insurance Companies
Banks
Others
40.1%
6.5%
53.4%
(USD1=KRW975.6 as of 30 March 2006)

17. INTRODUCTION OF KOCREF
Track Record: KOCREF#S
Portfolio
GFA
(Sqm)
Asset Value
(USD million)
Property Name
Use
Location
Scale
Yangdong Building
Total
Office B/D
CBD
23F / B6
67,283
228.6
* Yangdong Building is a development project to be completed on January 2007.
The subject property has been secured and KOCREF#S will be established on April 2007.
Yangdong
Building
Shareholders Ratio
Insurance Companies
Banks
Others
55.5%
15.0%
29.5%
(USD1=KRW975.6 as of 30 March 2006)

18. Contact Point Mr. Kim, Dae Hyung Vice President
14/F, Hansol B/D, 736-1, Yeoksam-dong,
Gangnam-gu, Seoul, Korea
Tel :
Fax: