The Kosdaq Stock Market, Inc. Shortens The Calculation Frequency Of All Indices To Ten Seconds

From August 19, 2002, all the indices of Kosdaq stock market will be published every 10 seconds during the trading hours.

In order to reflect the market performance and provide the market data more rapidly and accurately, Kosdaq Stock Market, Inc. has decided to shorten the index calculation frequency from 30 seconds to 10 seconds.

The Kosdaq Stock Market was established in 1996 as South Korea's market for SME and venture firms. It lists 807 companies and the aggregate market value is around 37 billion US dollars, as of August 8, 2002. For more information about Kosdaq, visit the Kosdaq website at www.kosdaq.or.kr