National Tax Service

The
National Tax Service of Korea officially announced the revised Taxpayer Rights
Charter on March 3, 2007 and held a nationwide meeting three days later to demonstrate
the strong resolve of its tax officers in complying with the new rights.

One
provision was revised to further enhance taxpayer rights and two new rights
were added. The three revisions are:

(1) A
taxpayer may request a scheduled tax audit to be pushed back in date under uncontrollable
circumstances, such as a natural disaster. When such a request is made, the
taxpayer has the right to be notified whether his or her request for delay has
been accepted or rejected.

(2) A
tax audit may be extended in duration when a taxpayer undergoing an audit is
found to have been concealing or discarding information, or delaying or refusing
altogether an audit. When this happens, a taxpayer now has the right to be notified
in writing of such an extension, as well as the reason for the extension and
the number of days for which the audit has been extended.

(3) During
the period when a taxpayer has received a written notification of an audit result
but hasn’t yet been assessed of the taxes due, he or she has the right to request
for a review of the audit result (called the “Pre-Assessment Review”) for
its legitimacy and be notified of the outcome of the Pre-Assessment Review.

Commissioner
Jeon, Goonpyo and the tax officials representing the NTS pledge an oath to comply
with the new Taxpayer\'s Rights Charter.