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Official Foreign Reserves(End of February 2005)

International Department (International Planning Team(tel : 82-2-759-5738, fax : 82-2-759-5736)) 2005.03.14 1356

□ Korea's official foreign reserves as of the end of February 2005 registered 202.16 billion 
    dollars, representing an increase of 2.46 billion dollars from the previous month's 199.7
    billion dollars.

   o This was attributable to the increase in the U.S. dollar translation value of that part of
      foreign reserves made up of the euro, and to the increased profits on the operation of
      part of the foreign currency holdings.

      * Interest payments on U.S. Treasury Bonds are concentrated in February, May, August
         and November.