November 
                      19, 2003 (KUMHO Tires)
                    F3 
                      DRIVERS LOOK FORWARD TO RACING ON KUMHO Tires
                      AT THE 5TH INTERNATIONAL F3 KOREA SUPER PRIX
                    Global 
                      9th tire maker, KUMHO Tires will again supply all the Formula 
                      3 runners for the 5th International Korea F3 Super Prix 
                      to be held at the Changwon street circuit on November 21/23. 
                      The race is one of the most important races of the year 
                      for aspiring Formula 1 drivers.
                    In 
                      addition to the Marlboro Masters of Formula 3 at Zandvoort, 
                      for which KUMHO Tires is also the sole tire supplier, the 
                      Korean Formula 3 Super Prix brings together the world's 
                      best young drivers in 250bhp machines to race for the glory 
                      of victory. Those that master the tight and twisty streets 
                      of Changwon on KUMHO rubber will be recognised as having 
                      the brightest future in the sport.
                    The 
                      competitive world of Formula 3 and the highly technical 
                      aspect of the sport is supported by KUMHO Tires. The tire 
                      specialist invests heavily to secure its position as one 
                      of the most important tire manufacturers in the world, and 
                      its R & D programme has enabled the firm to establish 
                      a high level of performance from its ECSTA tire.
                    Leading 
                      drivers from Formula 3 have praised KUMHO Tires' ultimate 
                      performance. Nico Rosberg, son of 1982 Formula 1 World Champion 
                      Keke Rosberg, is a winner in the F3 Euro Series in 2003 
                      and he has raced on the KUMHO Tires all year. Rosberg has 
                      been impressed with the high level of grip the tire produces. 
                      "The tire has been great this year. Only after a few 
                      laps the KUMHO tire provides a lot of grip and there is 
                      a good balance and a good feeling from the tire," said 
                      Rosberg.
                    KUMHO 
                      Tires was appointed the sole tire supplier to the F3 Euro 
                      Series this year and its ECSTA Formula 3 slicks have an 
                      unrivalled position in major Formula 3 races as all the 
                      competitors of the Korean Super Prix and Marlboro Masters 
                      of F3 in Zandvoort run on the high performance tire.
                    The 
                      significance of KUMHO Tires' position is that it is at the 
                      cutting edge of motor racing technology and competition. 
                      Its excellent tire performance is made possible by KUMHO 
                      Tires' unique tire formula technology. The first is the 
                      ESCOT(Excellent & Smart Contour Optimisation Theory), 
                      which allows the even distribution of tension during high 
                      speed driving. The second is the compound design technology, 
                      known as Multiple Mixing Step, it improves grip wear performance 
                      during high speed driving.
                    British 
                      driver Danny Watts, a winner in British Formula 3 this year, 
                      raced the KUMHO Tires at the 2003 Marlboro Masters and says 
                      it compares as well as any other tire he has competed on 
                      before. "When I raced at Zandvoort on KUMHO's, I found 
                      they gave me a lot of grip when they were brand new. Then 
                      you can do very competitive and fast lap times for many 
                      laps without the level of performance dropping off," 
                      said Watts.
                    The 
                      Formula technology of KUMHO Tires, a proven tire of international 
                      ability and praiseworthy of many future Grand Prix stars, 
                      applied through the ECSTA brand and UHP category, allows 
                      regular road car drivers a high level of driving experience 
                      when on KUMHO rubber.
                    It 
                      is no surprise that KUMHO Tires is rated 9th in the '2002 
                      Global Tire Company Rankings' by the authoritive US journal, 
                      Tire Business. It is the highest ranking a Korean tire maker 
                      has ever achieved and, because of the rapid growth in the 
                      global UHP tire market, underlines KUMHO Tires' status as 
                      a leading tire manufacturer.
                    Nelson 
                      Piquet Jr., the son of the legendary three-times Formula 
                      1 World Champion Nelson Piquet - raced to second place in 
                      the Marlboro Masters this year. The Korean F3 Super Prix 
                      will be his second chance to race on the Korean tire, he 
                      said: "They're very good and I'm looking forward to 
                      running on them again in the Korean Super Prix." 
                    "Being 
                      appointed as the official tire supplier for three of four 
                      international Formula 3 events, it is very successful for 
                      KUMHO Tires this year" said Jae-Suk, Cho, KUMHO Tires' 
                      marketing general manager. KUMHO Tires will continue to 
                      dedicate its efforts to develop Formula technology and also 
                      apply it to the UHP tires which can satisfy consumers with 
                      the proven performances.