Cheil Jedang Investment Trust Management

completed

Cheil Jedang Investment Trust & Securities Company (CJITS or the Company) was established as Cheil Jedang Investment Trust Company in January 1998. Cheil Jedang took over the company in 1997. The Company''s name was changed to CJITS when it incorporated a securities brokerage capability. CJITS'' principal business line is devoted to the distribution of Cheil Jedang-branded investment trust products as developed and managed by CJITS'' 90%-owned subsidiary, Cheil Jedang Investment Trust Management Company ("CJITMC"); with roughly US$10 billion worth of assets under management, CJITM ranks as Korea''s third largest private asset management company.As with previously executed financial markets projects in Korea, IFC is acting as an institution builder, neutral broker, and catalyst. In response to the Korean government''s effort to restructure its investment trust sector and specifically to the request of the Financial Supervisory Commission (FSC), IFC has identified CJITS and engaged with the Company to assist in its recapitalization. This project therefore not only represents an opportunity for the Corporation to express its support of the restructuring efforts of the investment trust industry in Korea but of the Korean government as well. The Corporation has played and will continue to play an honest broker role between Prudential and CJITS.