Ssangyong Motor

South Korea's industrial production probably rose for a fifth month in six in October, driven by record
exports and an increase in consumer spending.

Manufacturing gained a seasonally adjusted 1 percent from the previous month, according to the median forecast
of six economists in a Bloomberg News survey, after increasing 2.3 percent in September. The figures are due to
be released tomorrow at 7:30 a.m. in Seoul.

Companies such as Hyundai Motor Co. are expanding as tax cuts and interest rates near record lows spur spending
at home and exports rise. Asia's third-largest economy grew a seasonally adjusted 1.8 percent in the third
quarter from the previous three months, the fastest pace in almost two years.

``Production growth remains supported by continuing healthy exports together with this year's long-awaited firming
in domestic demand,'' said David Cohen, director of Asian economic forecasting at Action Economics in Singapore.

South Korea's government expects the economy to grow 5 percent next year, up from its 4 percent forecast in 2005.

Industrial output probably rose 6.7 percent in October from a year earlier, following a 7.2 percent increase in
September, according to the median forecast of 7 economists in a Bloomberg survey.

Vehicle sales at South Korea's five auto assemblers, which include Hyundai Motor and Ssangyong Motor Co., rose to a
four- month high in October as exports increased, the companies said earlier this month.

Sales at South Korea's department stores, including Lotte Department Store Co., rose for a ninth straight month in
October, a commerce ministry report showed on Nov. 15. An index measuring consumer confidence reached a five-month
high in October, the National Statistical Office said earlier.

The following table shows forecasts for the percentage changes in October production from the previous month and
from a year earlier.

- Source from Bloomberg (Nov 27, 2005) -