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UBS Warburg and the Federation of Korean Industries Host Korean Senior Management Conference

  WHAT:   UBS Warburg and the Federation of Korean Industries Korean Senior
          Management Conference will feature seven formal presentations by
          senior executives from a host of industries including, financial,
          telecommunications, automotive and electronics. A preliminary list
          of presenting companies including:

          Hyundai Motor                     Samsung Electronics
          LG Electronics                    SK Telecom
          KT                                Woori Financial Group
          POSCO

  KEYNOTE PRESENTATIONS:

  * Mr. Okyu KWON, Senior Secretary to the President for National Policy,
    Office of the President of Korea
  * Mr. Ki-Moon BAN, Advisor to the President for Foreign Policy, Office of
    the President of Korea

  WHY:    A swift post-Asia crisis recovery has impressed and attracted many
          foreign investors to the Korea market, given the market's
          resilient domestic consumption coupled by the increasing global
          competitiveness of Korea's main industries.  On the contrary to
          what is happening globally, year to date there have been signs of
          slowing domestic consumption, as well as uncertain external
          factors such as SARS and the instability in North Korea.
          Recently, investors seem to be caught at a crossroads on the
          Korean stock market and economy.

          During the Korea Senior Management Conference, participating
          companies and government representatives will explain the further
          economic growth prospects of Korea, corporate strategies, and
          policy direction of the new administration.  The Federation of
          Korean Industries aims to boost Korea's credibility to the foreign
          investor community.

  WHEN:   Monday, June 16, 2003

  WHERE:  Waldorf Astoria
          301 Park Avenue
          New York City

  UBS Warburg is a business group of UBS AG.