1. Korean Shipbuilding Situation and Perspective October, 2005 The Korea Shipbuilders ’ Association

2. 2 Member Companies Hyundai Heavy Industries Co., Ltd. Samsung Heavy Industries Co., Ltd. Daewoo Shipbuilding & Marine Engineering Co., Ltd. Hyundai Samho Heavy Industries Co., Ltd. Hanjin Heavy Industries & Construction Co., Ltd. Hyundai Mipo Dockyard Co., Ltd. STX Shipbuilding Co., Ltd. ShinA Shipbuilding Co., Ltd. Dae sun Shipbuilding & Engineering Co., Ltd.

3. 3 New Order, Completion, Orderbook Source : KOSHIPA

4. 4 New Order by Ship Type Source : KOSHIPA

5. 5 Completion by Ship Type Source : KOSHIPA

6. 6 Orderbook by Ship Type Source : KOSHIPA

7. 7 Shipbuilding Employment Source : KOSHIPA

8. 8 Exchange Rate Source : Clarkson Research Studies

9. 9 MEPS Steel Price Index 236% Increase in 2 Years 190.9P 80.9P * Carbon Steel Hot Rolled Plate

10. 10 Domestic Steel Price Trends in Korea Note : POSCO retail price for thick steel plate 79% Increase in 3 Years 360,000 645,000

11. 11 Shipbuilding Price Trends Source : Clarkson Research Studies

12. 12 New Order, Completion and Orderbook by Country in 2004 Source : Lloyd ’ s World Shipbuilding Statistics Note : The figures are based on CGT

13. Thank you.