Good Morning Securities Co. Ltd

completed

Summary Of Project Information (SPI)Project NameKorea-Ssangyong Securities (SISCO)     RegionAsiaSectorProject No009453Projected Board DateJanuary 15, 1998Company NameSsangyong Investment and Securities Company, Ltd.Technical Partner and/or Major Shareholders H&Q Asia Pacific,LAPIC, IFC, and others.Project Cost Including proposed IFC investment Approximately US$130 million, split between equity, convertible bonds, and subordinated debt.Location of project and Description of site Seoul, Republic of KoreaDescription of Company and Purpose of Project The proposed project seeks to support the restructuring, streamlining, and spinning off of Ssangyong Investment and Securities Company, Ltd. (SISCO or the Company)from the Ssangyong Group. IFC proposes to subscribe to a convertible bond and subordinated debt to support the efforts by H&Q Asia Pacific Korea (H&Q).IFC was invited to support the transaction as it was instrumental in helping to establish H&Q Asia Pacific''s operation in Korea earlier in 1998. The proposed financing will help support H&Q''s first transaction in the financial sector in Korea, and more importantly, signal to the market the importance of this investment as a model of corporate restructuring.Environmental Category and Issues Most likely a Category C project. Currently under review.Date SPI sent to InfoShop December 11, 1998“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 974-4384