Promotion and New Contact Partner for Korean Member Firm

For release June 19, 2003

MEDIA CONTACT:
Man Hoon Chung
(+) 82-2-761-9800
indukacc@kornet.net

SEOUL, KOREA – Induk Accounting Corporation announced today that Mr. Woo Kab Joon has been promoted to Partner. He will also be replacing Mr. Man Hoon Chung as the Main Contact for the firm.

Though Mr. Woo joined the firm only a few years ago, all staff members of Induk are sure that he has the ability to take the firm many steps forward, especially regarding international relationships with other IGAF members. Mr. Woo was also present with Mr. Man Hoon Chung at the IGAF-Asia Pacific conference in Shanghai last December.

Mr. Man Hoon Chung is planning to concentrate more on his own job duties within Induk, but he can still be contacted by the same email address and phone number.

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