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HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Stock Exchange

Disclosure date      : December 24, 2008

Disclosure title     :  Work Stoppage

1. Location of Work Stoppage:
- Asan Plant in Korea

2. Sales revenue of work stoppage business:
a) Sales revenue of work stoppage impacted (FY 2007):

KRW 5,237,592,000,000

b) Total sales revenue of the company (FY 2007):

KRW 30,619,671,000,000

c) Sales revenue portion of work stoppage impacted(c=a/b):17.11%

d) Applicability as a large-scale corporation : Yes

3. Contents of work stoppage : Automobile Manufacturing

4. Reason of work stoppage: Execute flexible production and supply in line with demand decrease

5. Effects of work stoppage: Maintain proper level of inventory 

6. Date (and period) of Work Stoppage: December 26, 30, 31, 2008

7. Planned Date of Work Resumption: January 5, 2009

8. Decision Date of Work Stoppage: December 24, 2008 

9. Others : 

- The sales revenue of work stoppage impacted in #2-a is based on the total complete built-up vehicle sales revenue of Asan plant in 2007. And the total sales revenue of the company in #2-b is based on the total revenue of the company in 2007.

- The date and period of work stoppage in #6 is based only on the determined item by now. (The Date of December 29, 2008 and January 2, 2009 are official holidays by the company)

- The decision date of work stoppage in #8 is the internal decision date.

- The above contents may be subject to change depending on the Hyundai Motor Company's internal situation.

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