EX-99.11 2 exhibit1.htm EX-99.11

Exhibit  EX-99.11

Change in Accounting Estimates

Items changed		Useful life of certain fixed assets from six years to three years.
Effective date of change		January 1, 2005
Reasons for change		To apply appropriate depreciation period on outdated fixed assets caused by rapid technology development.
Accounting effect		Depreciation expense is expected to increase by approximately Won 51.5 billion in 2005.
Applicable fixed asset		ADSL modem, VDSL modem and assets related to Nespot access points
Internal resolution date		April 28, 2005