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

                     - One Week Remains to Register -

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

             Hyundai Motor                 Samsung Electronics
             KT                            SK Telecom
             LG Electronics                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

PRNewswire -- June 10

NOTE TO EDITORS: Media registration, please call Amy Rosenberg at 212-713-8510. Investor registration, please call Peggy Yeh at 212-713-8570.