레이아웃 1

For Another 50 Great Years, Starting from Our 50th Anniversary Annual Report 2007

(1917.8 ~ 2003.9). 1958,.,,. (IAUP) 9 347, 2 5 1970 3, 2. (Debit) (Block). 1958. 8. 7 1960. 4.11 1964. 4. 7 9. 21 1965.12.20 1967. 4. 1 4. 30 ( ), (, 300, 57 ) 1, 3 11-3 347 9 1969. 9.25 1970. 3.25 4. 1 1971. 3.30 1972. 9. 1 1975. 7.25 1976. 7.17 1978. 7.25, 1,000, (IAUP) 1

1983, (IIS)., 3,,,. 1, 1980 7,. 1958, 25.,, (1995.4) 37.,., 1980. 7.30 12. 24 1983. 6.27 1984. 3.31 1985. 5.24 1987. 6. 1 9. 30 1988. 4. 1,, (IIS) 100% (10 ) 9 (213 ) 1991.10.25 1992.12.29 1993. 4. 1 1995. 4. 3 1996. 7. 8 8. 6 1997. 4. 7 1998. 9. 1,

, 2000 4, 2001 12, VISION.., IMI, 2000. 4.15 2001. 12. 1 2002.12.11 2003. 5.30 2004.11.17 2005. 8. 7 2008. 1.23 2008. 1.25 VISION 5, IMI ( ) 2000.04.15 2001.12.01 VISION 2002.12.11 2003.05.30 2004.11.17 5 2006.10.25 2008.01.23 4 2008.01.25 IMI ( )

.

50 100. 1958,,,,.,, Quality, 5, 2004 30. 2008 1.,. 2007 (Sustainable & Profitable Growth) 6. 2007 46.2, 10.5( ), 4,335 223.0%, AAA. 2008 50 2010 100. 50 100.

Contents 004 Profile 007 Financial Highlights 009 Vision & Strategy 011 CEO Message 015 Corporate Social Responsibility 029 Intangible Value Drivers 039 Market & Management FY2007 at a Glance 051 Financial Section (MD&A) 068 Financial Statements 137 Glossary 139 Domestic & Global Network About this Report Annual Report..

Financial Highlights ( : ) FY2007 FY2006 FY2005 12,314.3 12,237.2 12,085.8 11,793.3 11,833.0 11,801.1 521.1 404.3 284.7 102.8 56.0 70.6 48.8 63.2 45.8 575.2 397.1 309.5 141.6 107.8 97.2 433.5 289.3 212.3 ( : ) FY2007 FY2006 FY2005 46,166.4 42,492.1 38,217.5 657.1 739.5 637.8 20,830.6 19,088.4 16,374.0 10,949.2 10,465.4 10,138.9 1,538.3 1,594.5 1,667.3 30.6 39.0 51.2 3,263.4 3,506.2 3,616.8 8,897.1 7,059.1 5,731.6 43,721.4 40,754.6 36,788.1 32,846.5 31,544.6 29,135.6 200.6 195.3 164.7 1,619.4 1,674.6 1,586.9 9,054.8 7,340.1 5,901.0 2,445.0 1,737.6 1,429.4 223.0% 192.3% 174.1% FY2007 FY2006 FY2005 18.8% 20.6% 21.5%, 9.9% 9.9% 10.4% ( ) 21.8% 21.6% 20.7% 2.1% 2.5% 3.7% 82.4% 66.0% 77.2% 13 84.7% 83.2% 82.4% 13 51.7% 39.0% 36.6% ROA 1.0% 0.7% 0.6% ROE 23.1% 20.1% 16.6% 1) = / x 100 2) = / ( + ) x 100 3) ( ) = ( ) / x 100 4) = {( - )} / } x 100 5) = / x 100 6) 13 = (13 / 13 ) x 100, 2, 7) 13 = (13 / 13 ) x 100, 8) ROA = / {( + - ) / 2} x 100 9) ROE = / {( + - ) / 2} x 100 007

( : ) Mix ( ) ( : %) ( : ) 2.4 9.9 7.5 7.2 3.1 10.3 7.1 3.4 10.5 13.4 10.7 9.5 5.7 16.9 9.2 17.7 12.0 7.0 4.9 15.1 12.0 21.1 11.0 5.2 4.3 13.5 13.8 38.2 5.7 32.5 7.1 42.5 35.4 8.9 46.2 37.3 15.4 13.4 12.2 19.3 17.9 18.9 FY2005 FY2006 FY2007 FY2005 FY2006 FY2007 FY2005 FY2006 FY2007 CI / () ROE & ROA & ( : ) 13 * 309.5 82.4% 83.2% 84.7% 289.3 575.2 16.6% 20.1% 23.1% 397.1 433.5 0.6% 0.7% 1.0% 212.3 FY2005 FY2006 FY2007 FY2005 FY2006 FY2007 FY2005 FY2006 FY2007 ROE ROA * ( : ) 223.0% 145.1% 1.4 1.7 2.4 174.1% 192.3% 91.1% 2.9% 117.9% 1.9% 1.2% 1.2% 0.6% 0.4% FY2005 FY2006 FY2007 FY2005 FY2006 FY2007 FY2005 FY2006 FY2007 Coverage NPL Net NPL 008

Vision & Strategy Vision & Strategy (2010 VISION) VISION 2010 ( 1 ).,.., 009

STRATEGY FY2008 1. FP B2B ( ) 2. 3. 4. 5. 010

CEO Message The Year in Review 2007, 6 2,700.. 2007, 46 1,664, 10 4,780( ), 4,335, 223.0%. FP(Financial Planner) FP,,.. 011

, 50 100. 2007..,,.. AAA. 2007. 2000 Quality FP FP,,. 2.,.. 2008,.,. (DA-Win) CS.,,., (Risk Acceptance Criteria),... EDW (Enterprise Data Warehouse),. 2007 2009 HR ()(High Performance Work System).,. 012

The Year Ahead 2008 2007.,,, Risk.. 2009,..... 2008,.,. FP Ship Sales.. SSP(Sales Stimulation Program).,,, B2B.,.,.,,,.,..,.,. 013

,. Trend. License,., Quality.,...,. Trend,,,.,,,,,. 2008 50. 50 100. 50 2008. 2008 6 014

.,.

Corporate Social Responsibility 017 021 023 025

Corporate Social Responsibility Corporate Governance..,,. SHAREHOLDERS. 33.62%, 2007 Corsair Korea Investors LLC., Finventures KBL LLC., AXA.,,. 0.48% 1.03% Finventures KBL 5.33% AXA 2.24% 5.85% 9.93% Triumph II 1.07% 24.00% Corsair 9.79% 2 6.65% 33.62% ( 2008 5 31 ) BOARD OF DIRECTORS CEO, 6., 2/3 6. ( 2008 5 31 ) 017

,.,. 5 4. *,,,, IT,, *, * * * * * * *,,. * * * *,,.. * *.,. * * *, * * * * 018

Corporate Social Responsibility EXECUTIVE OFFICER (B2B) (// ) (/ ) (FP) (B2C) ( ) ( / ) () (/ / ) ( ) (/ ) ( /) ( IR) ( ) ( / ) ( ) ( ) (AM ) (FP ) (FP ) () () (FP ) ( ) ( ) () () ( ) (FP ) (FP ) ( 2008 5 31 ) 019

ORGANIZATION CHART (CEO) B2C FP B2B FP FA AM GFP ( 2008 5 31 ) 020

Corporate Social Responsibility Subsidiaries 51.63% 89.83% 100.00% 100.00% 85.00% 50.00% 100.00% A&D 19.50% ( 2008 5 31 ) www.kyobotrade.co.kr 1 1949 57. IB. www.kyoboitm.co.kr 1988, 1996,.,. 021

www.kyobobook.co.kr 1980 12,. 3,600,,,,,,,,,. www.kico.co.kr 1971 SW 1995,.. www.kyoborealco.com 1979 30,.. www.sbnet.co.kr, 1998 11... www.kyobouni.co.kr Quality 2002 7. 40. A&D www.andamc.com 2002 2 A&D.. 022

Corporate Social Responsibility Ethical Management,,,,.,. 1958,. 2000 4,,,. CEO,,,,,. CEO. 1958,., 2010.,,,,.,. 023

,,.,., 2006 4, 2006..,,,, Yes!, OK!,,.. Clean 2003 9Clean. Clean,,. 2004 6,,, 080,,.. (2002~2003 ), 1 (2003 ), (2004 ), 5 (2008 ).. 024

Corporate Social Responsibility Community Care, 2002 12. Vision VISION,,. (Core Value) (Core Purpose) (2010 VISION),,.. ( ) VISION 2010 ( 1 ).,, 3,. 025

., (). 250. 2007 1,. : ( ) -,,. 440,. ( ) : 2.5kg, 37.. 60,. 026

Corporate Social Responsibility. 18.,.. 100.. 1:1,,. 2 3,. 027

. 1980,,,, 250,. 1985.,,,,,,,,.,,, 3.,,,,,, 21.,,.,,,. 028

,,..

Intangible Value Drivers 031 033 035 037

Intangible Value Drivers Customer, CS. CS.. 1958,. 2000 4, Needs. FP(Financial Planner, ) FA(Financial Advisor, VIP ), AM(Agency Marketing, ), TM(Tele-Marketing), CM(Cyber-Marketing),,. 2006 (Wealth Manager), VIP,. GFP(Group Financial Planner), BA(Bancassurance Advisor).,, CS CS CS (DA-Win). IT IT,. FP.com 1:1. Global IT IAA (Insurance Application Architecture) Time to Market,,.,, FP.com,,., FP,. 2005 4 2007. 031

,,. ' ',. 2007 5, CCMS(Consumer Complaints Management System: ), CCMS. PLAZA - (DA-Win) - CS CS - - VIP - FP - - - CSI() 69.7 73.2 FY2005 73.8 FY2007 FY2003 * : KMAC [ ] CSI 2004, 5. 2005 7 IBM BCS 2005 30 2006 7 2006 2006 9 True Company. 10 (CIRC),. 032

Intangible Value Drivers Brand....,..,.. ( ),.,.,,. 033

2003 (/ ),.,,,,. 2007 2006 PR 2006 2005 2005 PR 2004 034

Intangible Value Drivers People 2010 HR HR Roadmap.!. 2007 2009 HR, ()(HPWS: High Performance Work System). () (,,, ),. () 2003,.. HR 2002,. 2006 (),,, 2007. HR. FY2010 HR () Right Place 3RP Right Price Right People 035

2005 5. 2006 KL-Session, ( ), HR,. On-Boarding Program, Assessment Center(),. /,,.., MBA,, MBA. 2005,, 2007 FP-Ship,. HRD(Human Resource Development),... 2006,.. HR Vision HR HR (2010 VISION ) ( 1 ) Needs 1 () HR ( ) 036

Intangible Value Drivers Innovation.. IT EDW.,. EDW 2007. 1997, EDW (Enterprise Data Warehouse). EDW 2005 10. EDW EDW EDW.. EDW EDW IT. IT 503...,.,.,,. IT CIO 21. IT CIO 2007 CIO. CIO, CIO, CIO. 2001 K-BASIC IT 10. IT,. IT IT. 037

. ( ) 13.,., 6% 2 ( ).,,,,. 11... JP,, JW,,, LG. FY2007 2,151 // 49 5. 2015 180 2010. 'AAA'. CS CS. CS/CS CS. 5 CS, CS,, CS,,, CS Quality. CCMS. CCMS(Consumer Complaints Management System),,,. CCMS 10 CS CS. 038

,.,.

Market & Management 041 FY2007 at a Glance 043 047 049

Market & Management FY2007 at a Glance AAA AAA.,,. AAA,. 2008 IMI 2008. 2006 3 2. IMI. 3 2002, 1.,, 2015 180. 2008 3 3 2,148, 43.2%. FY2007 2,151 49 5., CEO.,. 2007 2010. FY2007 FY2008 FY2009, FY2010. 2007 6, 3,.. 3,, 3,,. FP. 041

2007. 9. 9 14, 8,,,. 1 DM,, E-mail,, LTP,, 3. 11. 25,., FP,,,,,. 2008 3 20%. 2007 11 CS. 2007 3 CS. CS,, Quality.,. CCMS, 7 CCMS.,, CCMS. CCMS : CCMS..,,, 4. 2007 11, 1. 36. 4 20 230.,. 042

Market & Management Insurance ' ' 2007.,. 2007 2007 2. 4.8%. 2007 4 FTA,. FY2007 13%.. Quality 2007 2007.,, Quality. FP,,...,,. 2007.,,,. 043

2008,, 2008.,,,,, FTA. 2007. 2008... 2008. 2008, 2008. FP,, B2B. 2008 FP, FP. License,,.,,, B2B, 2010,. 044

Market & Management., 2007,. 2008 / /. 2007 FP, R/P FP-Ship R/P.,. 50,, UCC,, / Tool, /. /,,. 2008 50 50 100., FP-Ship. 100.. 25, 25... 045

가족사랑 프로젝트는 가족사랑 50년 이라는 슬로건을 가지고 있습니다. 가족사랑 50년 이란 고객이 가족사랑을 실천하기 위해서는 가족의 꿈을 위해 열심히 일해야 할 25년, 은퇴 후 배우자와 인생을 즐길 25년 총 50년간 가족사랑을 준비해야 한다는 뜻을 담고 있습니다. 교보생명의 가족사랑 프로젝트는 고객님을 향한 진실한 사랑입니다. 고객님의 행복한 미래를 위해 가족을 이끌어 나갈 50년 생애설계를 제공함으로써 미래의 어떠한 역경에서도 흔들리거나 좌절하지 않도록 도와드립니다. 교보생명은 2008년 창립 50주년을 맞게 되었습니다. 그야말로 고객을 가족처럼 사랑해온 시간이 50년이 되었다는 뜻입니다. 교보생명은 가족사랑 프로젝트를 통해 고객을 가족처럼 지켜온 50년 사랑을 100년 사랑으로 이어가는 꿈을 펼쳐 나가고자 합니다. 046

Market & Management Asset Management,,. (SAA).,,. ALM. ALM (Asset Liability Management) Matching. ALM. (Strategic Asset Allocation, SAA) (Tactical Asset Allocation, TAA). SAA 5. SAA,,,,, (Investment Mandate). TAA SAA (1 ). Sub-sector.,,,,. VaR,,.,, Exposure,...,,, (REITs), (Structured Products). ALM Matching. 047

,, 2004 10 (, ).. (Investment Mandate),,. 2007 2008 2007. 2,000P, 2.,,., 4/4 4.93% 3 5.74%. 2008..,.. /. (ICAM)., (TAA).,,,..,. 048

Market & Management Risk Management...,,,,,.,.,,,,,,, ALM ALM..,,,,,.. (,,,,, ). 049

,.,,,., VaR. GAP,,.,.,,, LDA(Loss Distribution Approach: ). ALM ALM(Asset-Liability Management). ALM. Mix,,. ALM ALM System. 050

..

Financial Section 053 (MD&A) 0052

Financial Section [ ] Management's Discussion & Analysis., (Korean GAAP) SAP (Statutory Accounting Principles).,,,,.,..,,..,,.. 4 1 3 31. FY2006, FY2007 2006 2007. 1. GAAP(Generally Accepted Accounting Principles) SAP(Statutory Accounting Principles). (Presentation Differnece). SAP,. ( ). GAAP. GAAP SAP., SAP GAAP.. FY2007 Annual Report MD&A, SAP. 5-6 135.... 053

2. 2008 3 31, 15 ( ). FY2007, 1 ( ) FY2005 FY2006. FY2005 195 2,123, FY2006 28 2,893. 3. 2007, 2. GDP 13%.. 3.., Quality. 054

Financial Section [ ] Management's Discussion & Analysis. Overview (SAP ) ( : ) FY2007 FY2006 7,119.6 7,232.5-112.9-1.6% 6,872.7 6,971.0-98.3-1.4% 246.9 261.5-14.7-5.6% * 3,358.4 3,059.6 298.8 9.8% (+) 10,478.0 10,292.1 185.9 1.8% 5,863.5 4,771.5 1,092.0 22.9% 613.0 655.7-42.7-6.5% 989.4 976.2 13.2 1.4% 1.3 1.7-0.4-22.1% 7,467.3 6,405.2 1,062.1 16.6% -8.9-10.7 1.7-16.3% 2,500.7 2,280.8 219.8 9.6% 504.4 460.5 43.9 9.5% 1,996.3 1,820.4 175.9 9.7% 1,301.9 2,402.9-1,101.0-45.8% 337.6 234.1 103.6 44.2% 372.9 244.7 128.2 52.4% 135.4 81.7 53.7 65.8% 237.5 163.0 74.5 45.7% 603.7 398.6 205.1 51.4% 28.4 1.5 26.9 1736.8% 575.2 397.1 178.1 44.9% 141.6 107.8 33.9 31.4% 433.5 289.3 144.2 49.8% *. 1. FY2007 () 10 4,780 1.8%. FY2007 49.8% 433.5. FY2007 ROA 0.3%p 1.0%, ROE 3.0%p 23.1%. 3,700 40.7% ROE. Quality. 055

ROE/ROA 20.1% 0.7% 23.1% 1.0% ROE 3.0%p ROE = [ / {( + - )/2}] x 100 ROA = [ / {( + - ) / 2}] x 100 ROA 0.3%p FY2006 FY2007 2. FY2007 FY2006 8.6% 46 1,664, 6.6% 33 9,568. 8 8,971 26.0%,. FY2007 3,700 41.3% 2 4,550, 5.3% 1.2%p. 192.3% 223.0%. (SAP ) ( : ) FY2007 FY2006 33,956.8 31,845.9 2,110,9 6.6% 3,312.5 3,587.1-274.7-7.7% 8,897.1 7,059.1 1,838.1 26.0% 46,166.4 42,492.1 3,674.2 8.6% 32,846.5 31,544.6 1,301.9 4.1% 200.6 195.3 5.3 2.7% 1,619.4 1,674.6-55.2-3.3% 9,054.8 7,340.1 1,714.7 23.4% 43,721.4 40,754.6 2,966.8 7.3% 2,445.0 1,737.6 707.4 40.7% 5.3% 4.1% 1.2%p 056

Financial Section [ ] Management's Discussion & Analysis. 1.. 13% 1.8%... Sales Compliance Risk.. 7.8%, CI 17.5%, 27.6%, ( ) 50.3%. 2000 Mix. 3 MIX ( : %) / CI ( ) ( ) ( : ) FY2007 FY2006 1,985.2 1,841.1 144.1 7.8% 1,283.0 1,381.1-98.1-7.1% / 1,413.4 1,554.6-141.2-9.1% CI 1,449.9 1,234.1 215.8 17.5% 448.0 500.4-52.4-10.5% 540.2 721.2-181.0-25.1% 1,226.0 960.9 265.1 27.6% ( ) 342.1 227.6 114.5 50.3% ( ) 638.9 632.9 6.0 0.9% 1,151.4 1,238.2-86.8-7.0% 10,478.0 10,292.1 185.9 1.8% 057

2.. FY2007 APE (Annual Premium Equivalent). APE 1/10. APE* ( : ) APE FY2007 FY2006 488.4 444.9 43.5 9.8% 158.0 111.6 46.4 41.5% 31.6 54.9-23.3-42.4% CI 409.5 481.9-72.4-15.0% 28.4 46.6-18.2-39.0% 53.1 62.0-8.9-14.2% 367.1 322.7 44.4 13.8% ( ) 175.3 113.7 61.6 54.2% ( ) 123.9 169.4-45.5-26.9% 96.1 131.4-35.3-26.8% 1,931.3 1,939.1-7.8-0.4% *APE = ( X 144) + ( / 10) 9.8% 13.8% 41.5%. 26.9% 54.2%., CI 15.0%. 80.4%, 7.7%, 2.6% AM (Agency Marketing) 9.3%.,.. 058

Financial Section [ ] Management's Discussion & Analysis 3. FY2007 ( ) 0.2%p 21.8%.. ( : ) FY2007 FY2006 613.0 655.7-42.7-6.5% -939.7-906.6-33.1 3.7% 973.8 938.1 35.7 3.8% 555.2 601.3-46.1-7.7% 23.8 22.9 0.9 3.8% ( ) 21.8% 21.6% 0.2%p ( ) 8.6% 9.1% -0.5%p FY2007 1 920. 1 920 1 1,011., ( : ) FY2007 FY2006 5,863.5 4,771.5 1,092.0 22.9% 1,716.1 871.6 844.5 96.9% 4,096.2 3,838.9 257.3 6.7% 51.2 61.0-9.8-16.1% 1,301.9 2,402.9-1,101.0-45.8% 7,165.4 7,174.5-9.0-0.1% 059

( +) / 99.2% 100.6% 1.4%p FY2006 FY2007 (),. 4. 13 FY2006 83.2% FY2007 84.7% 7 FP 39% 51%. FP 61 8 FY2007 62 1. 61 8.. 1. FY2007 33 9,568 6.6%. 2001 ALM. PF(Project Financing), SOC(Social Overhead Capital), REITs(Real Estate Investment Trusts). FY2007 1 9,962 9.7%. 060

Financial Section [ ] Management's Discussion & Analysis ( : ) FY2007 FY2006 657.1 739.5-82.4-11.1% 934.0 665.0 269.0 40.5% 0 600015,903.18000 10000 14,614.2 1,288.8 8.8% 2000 4000 12000 419.7 429.4-9.7-2.3% 3,547.9 3,348.8 199.1 5.9% 25.9 30.9-5.1-16.3% 10,949.2 10,465.4 483.8 4.6% 1,519.9 1,552.6-32.7-2.1% 33,956.8 31,845.9 2,110.9 6.6% 0 20 40 60 80 100 120 2,142.1 2,191.8-49.7-2.3% 225.7 398.6-172.9-43.4% 944.6 996.7-52.0-5.2% 3,312.5 3,587.1-274.7-7.7% 0 20 40 60 80 100 37,269.3 35,433.1 1,836.2 5.2% 1,996.3 1,820.4 175.9 9.7% Portfolio ( : %) 0 20 40 60 80 100 120 FY2007 1 9,287 2,289 (13.5%), 0.3%p 6.2%.,,. ( : ) FY2007 FY2006 1,950.2 1,785.9 164.3 9.2% 84.6 16.3 68.3 417.7% 0 20 40 60 80 100 66.0 64.8 1.2 1.9% 16.1 17.4-1.3-7.4% 2,117.0 1,884.5 232.5 12.3% 061

( : ) FY2007 FY2006 152.1 154.0-1.9-1.3% 36.1 30.7 5.4 17.6% 188.2 184.7 3.5 1.9% 1,928.8 1,699.8 229.0 13.5% 6.2% 5.9% 0.3%p, FY2007 767, 799 44.1% 675., LG,. ( : ) FY2007 FY2006-0.6 2.3-2.8-124.7% 4.8 190.9-186.1-97.5% -1.2 - -1.2 NA 52.2 4.1 48.0 1164.8% 0.6 1.5-0.8-57.0% 55.8 198.7-142.9-71.9% -1.0 2.3-3.3-143.8% -4.4 19.0-23.5-123.2% - - - - 42.9 37.1 5.8 15.6% 0.0-30.8 30.8-100.0% 37.4 27.6 9.8 35.7% -24.3 33.0-57.3-173.8% -123.1 63.3-186.4-294.3% 10.2-20.4 30.5-149.8% 135.7-77.4 213.1-275.3% -1.5-1.5-0.1 4.6% 8.0 8.1-0.1 NA 16.2 96.1-79.9-83.1% 67.5 120.6-53.1-44.1% 062

Financial Section [ ] Management's Discussion & Analysis 2. FY2007 15 9,031 1 2,888 (8.8%), ALM. 0 2000 4000 6000 8000 10000 12000 ( : ) FY2007 FY2006 242.4 126.5 116.0 91.7% 147.6 196.8-49.2-25.0% 39.4 24.5 14.9 60.8% 429.5 347.8 81.7 23.5% 2,789.0 3,206.1-417.1-13.0% 0 20 40 60 80 100 120 2,950.2 1,923.0 1,027.2 53.4% 579.2 624.9-45.7-7.3% 6,318.5 5,754.1 564.4 9.8% 3,925.2 3,640.5 284.7 7.8% 0 20 40 60 80 100 4,721.0 4,353.0 368.0 8.5% 508.9 518.9-10.0-1.9% 20 40 60 100 0 80 9,155.1 120 8,512.4 642.7 7.6% 15,903.1 14,614.2 1,288.8 8.8% 4.6% 4.8% -0.2%p 0.2%p 4.6%. 5.1% 0.2%p. AA 99.8%. ( : %) AAA AA A BBB 4.3%p 5.0%p 0.5%p 0.2%p 0.1%p 0 20 40 60 80 100 063

0 20 40 60 80 100 120 0 20 40 60 80 100 3. 0 20 40 60 80 100 120,, PF, SOC, REITs,,. FY2007 10 9,492 4,838 (4.6%), PF/SOC. PF, SOC, REITs. FY2007 Credit Cost 0.8%p 9.0%. ( : ) FY2007 FY2006 () 1,188.3 1,330.9-142.7-10.7% () 3,049.2 2,945.9 103.3 3.5% 747.3 996.8-249.5-25.0% PF, SOC, REITs 1,461.1 991.7 469.4 47.3% 4,483.4 4,200.0 283.4 6.7% 20.0-20.0 NA 10,949.2 10,465.4 483.8 4.6% 9.0% 8.2% 0.8%p Portfolio ( : %) 0 20 40 60 80 100 () () PF, SOC, REITs 1.9%p 0.3%p 2.7%p 3.9%p 0.8%p 0.2%p, FY2007 Coverage 27.2%p 145.1%, NPL Net NPL 1.2%, 0.4%. 117.9% 145.1% 27.2%p 1.9% 0.6% FY2006 1.2% 0.4% FY2007 0.7%p 0.2%p Coverage = ( / ) x 100 NPL = ( / ) x 100 Net NPL = {( - ) / ( - )} x 100 064

Financial Section [ ] Management's Discussion & Analysis,. FY2007 1.2%p 4.1%, 0.5%p 0.7%. ( : ) 77.1 35.1 52.3 22.5 () () 32.1% 36.0% 5.4% 1.2% 4.1% 0.7% 1.2%p 0.5%p () () FY2006 FY2007 FY2006 FY2007 4. FY2007 9,340 40.5%, 2.8%. FY2007 0.9%p 22.1%., SOC 1.0%p 1.8%. ( : ) FY2007 FY2006 - - - 0.0% 545.5 291.7 253.8 87.0% 388.5 373.3 15.2 4.1% 934.0 665.0 269.0 40.5% 22.1% 23.0% -0.9%p 5.., FY2007 3 5,479. 11.1% 4,200 CBO, CDO, CLN Sub Prime. Duration. 80% 'A'. 065

0 20 40 60 80 100 ( : ) FY2007 FY2006 77.3 157.7-80.4-51.0% 1,454.1 1,269.4 184.7 14.6% 215.0-215.0 NA 423.7 583.7-160.0-27.4% 1,377.8 1,338.0 39.8 3.0% 3,547.9 3,348.8 199.1 5.9% 4.1% 6.4% -2.3%p ( : %) AAA AA A BBB 0.3%p 1.0%p 3.2%p 3.8%p. 1. 223.0% 30.7%p. 3,700 4,335, Quality, Brand. 192.3% FY2006 223.0% 30.7%p FY2007 = [/ ] x 100 * : (1) - (2) + (3) (1),,,,,,,,,, (2),,,,, (3), ** = ( x (=4%)) + ( x ) 066

Financial Section [ ] Management's Discussion & Analysis 2. AAA... FY2008 2008 2007.,,,.. 2008. 4.. 067

Financial Statements 069 070 074 077 077 078 081 136

[ ] 23-5 14 TEL. 6676-1000,1114 FAX. 6674-2114 www.deloitteanjin.co.kr 2008 3 31 2007 3 31,, 2008 3 31....... 2008 2007 3 31 2008 3 31. 2008 6 4 (2008 6 4 ).. 069

[ ] 51 2008 3 31 50 2007 3 31 (: ) 51 50 I. (19,27) 657,110,706,141 739,506,062,625 1. 130,027,632,691 33,211,698,947. 1,065,627,712 1,040,800,035. 45,192,016 18,648,737. 128,916,812,963 32,152,250,175 2. 527,083,073,450 706,294,363,678 II. 20,830,636,660,076 19,088,444,118,815 1. (4) 472,926,621,323 384,575,792,960. 242,430,979,566 126,462,803,330. 147,611,732,064 196,773,439,379. 39,439,059,436 24,524,767,623. 30,041,757,381 28,638,951,828. 13,403,092,876 8,175,830,800 2. (5,19) 10,090,822,178,616 8,869,442,081,708. 456,734,934,186 192,801,840,140. 88,780,112,574 98,933,936,504. 2,789,038,254,374 3,206,143,844,978. 2,950,226,246,500 1,923,004,689,946. 579,185,844,000 624,904,745,414. 389,701,780,449 400,797,166,082. 2,824,679,306,533 2,400,095,738,644. 12,475,700,000 22,760,120,000 3. (6,19) 9,878,383,811,343 9,461,143,347,522. 3,925,240,644,882 3,640,542,657,418. 4,720,968,129,877 4,352,972,276,187. 508,934,446,994 518,914,561,323. 723,240,589,590 948,713,852,594 4. (2,7) 388,504,048,794 373,282,896,625. 388,504,048,794 373,282,896,625 III. (8,28) 10,949,167,973,071 10,465,375,974,504 (197,255,412,464) (236,761,546,692) (4,871,350,941) - 1. 20,000,000,000-2. 4,575,931,763,267 4,258,252,229,063 3. 15,000,000,000 37,015,000,000 4. 3,317,298,862,975 3,095,673,542,700 5. 2,869,285,817,576 2,522,575,647,766 6. 35,569,988,710 47,337,463,680 7. 318,208,303,948 741,283,637,987 () 070

Financial Statements [ ] 51 2008 3 31 50 2007 3 31 (: ) 51 50 IV. (10) 1,538,305,401,779 1,594,482,385,518 1. 688,506,401,969 712,247,028,447 (13,040,318,871) (18,474,689,536) 2. 947,556,922,215 968,444,566,407 (145,033,402,305) (129,544,016,248) (11,381,872,945) (12,698,358,349) 3. 25,367,037,547 25,371,269,673 (3,915,535,378) (3,417,339,478) (365,294,470) (365,294,470) 4. 1,780,584,771 1,833,079,807 (1,592,203,451) (1,496,111,959) 5. 308,537,103,621 302,746,331,899 (277,197,024,569) (258,847,633,439) 6. 12,762,722,139 2,310,922,131 7. 6,320,281,506 6,372,630,633 V. (11) 30,610,625,931 39,048,154,819 1. 8,438,904,145 11,231,211,001 2. 20,547,314,035 24,745,280,476 3. 1,624,407,751 3,071,663,342 VI. 3,263,439,163,584 3,506,217,743,679 1. (8,17) 328,804,644,809 417,691,950,666 (201,350,914) (601,586,348) 2. (8) 87,026,709,926 29,382,706,187 (7,517,360,294) (2,533,840,191) 3. (3,28) 103,460,896,822 113,182,833,593 4. (8,19) 353,803,133,267 348,530,419,292 (702,819,805) (6,895,280,588) 5. 6,784,051,907 4,809,813,805 6. 2,648,644,394 1,941,406,124 7. (12) 2,142,096,043,599 2,191,824,432,092 8. (9) 36,040,763,035 18,486,390,573 (2,030,421,930) (1,309,526,943) (13,832,063,802) (8,439,923,772) 9. (31) 225,738,859,651 398,633,990,698 10. (8) 1,471,234,768 1,682,235,107 (151,801,849) (168,276,616) VII. (2,29) 8,897,123,188,524 7,059,071,039,150 (257,648,122,503) (400,411,373,213) 1. 4,259,142,507,579 4,117,788,420,749 2. 243,972,309,909 50,706,744,248 3. 4,651,656,493,539 3,290,987,247,366 46,166,393,719,106 42,492,145,479,110 () 071

(: ) 51 50 I. (2,13,16,26,28) 32,846,503,673,409 31,544,558,874,483 (16,961,145,165) (17,303,955,350) 1. 30,962,743,931,686 28,916,062,427,698 2. 20,176,599,104 24,506,644,087 3. 1,454,981,984,919 2,191,334,875,067 4. 406,903,111,136 428,876,630,835. 148,721,178,861 161,715,449,017. 127,915,646,337 132,636,072,429. 59,773,543,706 64,002,648,142. 46,943,544,114 44,104,967,973. 5,798,143,738 6,917,185,698. 17,751,054,380 19,500,307,576 5. 18,659,191,729 1,082,252,146 II. 200,636,421,331 195,304,257,766 1. (10) 49,003,837,812 49,003,837,812 2. (10) 99,466,458,228 99,466,458,228 3. (5) 37,186,053,605 39,977,257,701 4. - 1,330,021,647. (31) - 1,615,554,476. (31) - (285,532,829) 5. 14,980,071,686 5,526,682,378. (7) 15,012,676,988 5,836,821,886. (7) (32,605,302) (310,139,508) III. 342,500,000,000 342,500,000,000 1. (14) 342,500,000,000 342,500,000,000 IV. 1,276,935,679,908 1,332,102,835,782 1. (2,17) 354,538,792,895 352,622,544,244 2. 40,720,539,389 23,822,138,501 3. (15) 203,188,051,233 249,198,413,942 4. (24) 89,354,592,489 111,034,221,951 5. 250,000,000 1,201,000,000 6. 17,782,446,854 19,615,945,336 7. 14,573,501,788 28,155,842,825 8. 2,071,187,494 1,037,563,387 9. 47,390,342,687 49,381,932,866 10. (2,5,7,24) 109,535,779,444 216,337,325,891 11. (10,26,28) 149,724,599,277 155,595,987,507 12. (15) 30,110,171,840 149,446,783,676 - (1,495,431,285) (24,960,223) (54,211,267,769) (10,842,480,485) - () 072

Financial Statements [ ] 51 2008 3 31 50 2007 3 31 (: ) 51 50 13. (31) 195,369,031,958 4,770,452,133 14. (30) 38,710,732-15. (26) 33,155,372,536 25,589,382,577 V. (2,29) 9,054,822,764,831 7,340,111,574,392 (99,948,546,196) (119,370,837,971) 1. 4,259,142,507,579 4,117,788,420,749 2. 243,972,309,909 50,706,744,248 3. 4,651,656,493,539 3,290,987,247,366 43,721,398,539,479 40,754,577,542,423 I. (18) 102,500,000,000 92,500,000,000 1. 102,500,000,000 92,500,000,000 II. 451,722,332,343 91,785,377,883 1. 359,936,954,460-2. 91,785,377,883 91,785,377,883. (10) 90,288,203,397 90,288,203,397. 1,497,174,486 1,497,174,486 III. (1,215,956,789) (7,239,472,232) 1. (2,7) (1,215,956,789) (7,239,472,232) IV. (12,453,537,839) 57,222,398,244 1. (5,24,32) 51,578,367,643 48,967,779,000 2. (92,497,163,428) 1,629,131,407. (24,31,32) 301,428,060 1,978,877,971. (24,31,32) (92,798,591,488) (349,746,564) 3. 28,465,257,946 6,625,487,837. (7,24,32) 28,510,482,653 7,149,469,989. (7,24,32) (45,224,707) (523,982,152) V. 1,904,442,341,912 1,503,299,632,792 1. (18) 46,250,000,000 46,250,000,000 2. (2) 1,858,192,341,912 1,457,049,632,792 2,444,995,179,627 1,737,567,936,687 46,166,393,719,106 42,492,145,479,110 073

[ ] 51 2007 4 1 2008 3 31 50 2006 4 1 2007 3 31 (: ) 51 50 I. 12,314,342,504,229 12,237,224,361,670 1. (20,28) 7,119,561,565,116 7,232,484,517,840. 6,872,692,208,528 6,970,954,652,648. 246,869,356,588 261,529,865,192 2. (21) 1,046,354,136,888 1,081,191,442,254. 851,373,320,501 875,243,281,397. 194,980,816,387 205,948,160,857 3. (4,5,6,28) 1,950,213,442,378 1,785,938,554,372. 25,671,450,732 28,727,694,245. 21,649,815,911 13,338,067,957. 366,216,686,956 275,807,474,318. 541,833,545,520 500,931,810,643. 971,646,516,698 931,938,448,069. 219,025,215 3,359,599,069. 22,976,401,346 31,835,460,071 4. 108,221,938,838 235,644,420,130. 2,501,572,558 2,657,467,516. 8,651,248,801 4,074,419,779. 97,069,109,029 209,873,071,438. 8,450 32,967. - 19,039,428,430 5. - 11,680,000,000. - 11,680,000,000 6. 150,347,469,926 1,202,931,783. 14,492,632,335 86,142,065. 135,854,837,591 1,116,789,718 7. 16,117,656,207 17,406,902,127 8. (28) 84,635,630,420 16,348,992,904 9. (28) 66,022,396,815 64,798,455,036 10. 367,503,952,131 227,383,259,153 11. (29) 1,376,466,841,454 1,454,079,957,965 12. 28,897,474,056 109,064,928,106. 6,225,553,137 41,626,336,082. (31) 21,414,739,994 67,438,592,024. 1,257,180,925 - II. 11,793,254,973,879 11,832,972,657,665 1. (13) 1,301,944,798,926 2,402,946,064,537 2. 5,863,531,891,498 4,771,528,651,072. (28) 1,716,129,286,885 871,618,698,556 () 074

Financial Statements [ ] 51 2007 4 1 2008 3 31 50 2006 4 1 2007 3 31 (: ) 51 50. 4,096,192,584,161 3,838,900,066,753. 51,210,020,452 61,009,885,763 3. 1,055,284,365,077 1,091,862,998,934. (21) 1,055,284,365,077 1,091,862,998,934 4. (12,15,22,28) 613,017,877,447 655,683,227,125 (939,696,139,319) (906,574,719,450). 973,763,670,974 938,068,702,567. 555,186,199,025 601,296,014,806. 23,764,146,767 22,893,229,202 5. (12) 989,424,527,812 976,236,801,639 6. (15,23,28) 152,082,410,236 154,010,282,949 7. 36,097,156,801 30,693,173,799 8. 110,645,025,929 21,144,033,653. 3,509,229,293 355,806,900. 9,214,896,680 1,788,365,494. 92,276,580,848 18,999,861,259. (6) 1,223,254,494 -. (5) 4,421,064,614-9. 17,459,394,626 94,378,668,475. 17,459,394,626 94,378,668,475 10. 4,487,364,455 98,996,695,068. 4,342,445,498 20,468,140,989. 144,918,957 78,528,554,079 11. (10) 8,019,583,224 8,137,952,297 12. (11) 13,009,989,728 18,419,544,867 13. 1,343,890,752 1,724,889,383 14. 75,391,485,559 38,637,452,975 15. (29) 1,376,466,841,454 1,454,079,957,965 16. 175,048,370,355 14,492,262,927. 30,552,661,334 8,656,511,805. (31) 144,495,709,021 4,094,970,136. - 1,740,780,986 III. 521,087,530,350 404,251,704,005 IV. 102,839,938,855 56,037,734,156 1. (2,7) 42,865,225,223 44,155,280,010 2. 52,174,483,178 4,125,222,538 3. 161,604,362 2,140,651,440 4. 5,378,974,955 5,506,580,168 5. 2,259,651,137 110,000,000. 2,259,651,137 110,000,000 () 075

(: ) 51 50 V. 48,776,262,748 63,225,331,130 1. (2,7) 8,284,501 7,077,609,585 2. 1,454,304,504 267,918,723 3. - 30,836,831,380 4. 26,680,692,781 8,320,898,533 5. 20,276,829,641 16,208,778,044 6. 356,151,321 513,294,865. 356,151,321 513,294,865 VI. 575,151,206,457 397,064,107,031 VII. (2,24) 141,633,497,337 107,758,873,265 VIII. (2) 433,517,709,120 289,305,233,766 IX. (2,25) 1. 22,328 15,638 076

Financial Statements [ ] 51 2007 04 01 50 2008 03 31 2006 04 01 2007 03 31 2008 06 20 2007 06 28 (: ) 51 50 I. 1,868,836,523,077 1,457,049,632,792 1. 1,424,674,632,792 1,186,987,759,427 2. - (19,554,211,317) 3. - 310,850,916 4. 433,517,709,120 289,305,233,766 II. 46,000,000,000 32,375,000,000 1. 5,000,000,000-2. (18) 41,000,000,000 32,375,000,000 ( ) : 2,000 (40%) : 1,750 (35%) III. 1,812,192,341,912 1,424,674,632,792 [ ] 51 2007 4 1 2008 3 31 (: ) 2007.04.01() 92,500,000,000 91,785,377,883-57,222,398,244 1,520,028,611,425 1,761,536,387,552 (7,239,472,232) (16,728,978,633) (23,968,450,865) (32,375,000,000) (32,375,000,000) 1,470,924,632,792 1,705,192,936,687 433,517,709,120 433,517,709,120 10,000,000,000 359,936,954,460 369,936,954,460 6,023,515,443 6,023,515,443 2,610,588,643 2,610,588,643 21,839,770,109 21,839,770,109 (94,126,294,835) (94,126,294,835) 2008.03.31( 51 ) 102,500,000,000 451,722,332,343 (1,215,956,789) (12,453,537,839) 1,904,442,341,912 2,444,995,179,627 077

[ ] 51 2007 4 1 2008 3 31 50 2006 4 1 2007 3 31 (: ) 51 50 I. (462,050,386,914) 55,281,277,107 1. 433,517,709,120 289,305,233,766 2. 2,694,535,788,917 3,827,876,893,787 1,301,944,798,926 2,402,946,064,537 9,214,896,680 1,788,365,494 3,509,229,293 355,806,900 43,820,689,871 121,903,487,255 989,424,527,812 976,236,801,639 42,621,432,269 52,751,904,944 13,009,989,728 18,419,544,867 16,202,213,701 96,119,449,461 () - 6,822,794,957 144,495,709,021 4,094,970,136 30,552,661,334 8,656,511,805-80,085,675,980 92,276,580,848 18,999,861,259 1,223,254,494-4,421,064,614-8,284,501 7,077,609,585 356,151,321 513,294,865 1,454,304,504 267,918,723-30,836,831,380 3. (2,000,769,965,822) (1,332,125,104,859) () 675,431,666,623 30,309,883,185 8,651,248,801 4,074,419,779 2,501,572,558 2,657,467,516 161,604,362 2,140,651,440 21,414,739,994 67,438,592,024 6,225,553,137 41,626,336,082 152,318,964,011-939,696,139,319 906,574,719,450 97,069,109,029 209,873,071,438-19,039,428,430 8,450 32,967 52,174,483,178 4,125,222,538 42,865,225,223 44,155,280,010 2,259,651,137 110,000,000 4. (1,589,333,919,129) (2,729,775,745,587) - 6,088,360,000 () 078

Financial Statements [ ] 51 2007 4 1 2008 3 31 50 2006 4 1 2007 3 31 (: ) 51 50 (68,272,317,066) (9,119,904,809) (636,009,797,537) (1,315,507,574,759) (130,898,546,109) (1,105,727,737,728) 8,865,424,539 17,547,663,217 (501,251,393,193) (420,816,844,739) 84,926,239,813 210,504,428,454 () 88,887,305,857 (98,806,537,266) (58,012,473,695) (18,934,923,983) (5,272,713,975) (46,130,323,197) (1,974,238,102) (755,258,315) () (707,238,270) 10,751,634,995-5,826,572,170 () 211,000,339 (2,249,116,348) () (1,838,052,149,374) 188,924,805,236 1,916,248,651 27,989,685,879 16,898,400,888 2,150,933,114 () (46,010,362,709) 6,906,672,933 () (21,679,629,462) 35,284,518,650 (951,000,000) (580,480,000) (1,833,498,482) (850,432,420) (13,582,341,037) (10,519,797,037) () 1,033,624,107 (56,282,713) (1,991,590,179) (9,529,295,595) (69,570,721,902) (117,492,420,068) 54,186,307,546 13,557,270,590 1,495,431,285 417,511,100 (10,842,480,485) - (163,157,301,707) (37,696,134,439) 38,710,732-7,565,989,959 16,310,908,752 () 1,699,155,210,685 (77,263,647,261) II. 221,304,366,198 (98,671,682,835) 1. 16,414,172,330,237 9,750,154,317,729 197,000,000,000 162,000,000,000 15,937,038,714,815 9,382,870,507,757 88,124,065,500 46,002,207,202-8,447,000,000 1,066,767,297 15,059,273,717 1,977,151,303 441,036,568 () 079

(: ) 51 50 2,803,500-10,280,200 26,200,000 5,354,000 79,530,561 35,822,158 15,251,657 88,626,706,112 59,215,349,352 22,500,000,000-77,784,665,352 75,997,960,915 2. (16,192,867,964,039) (9,848,826,000,564) 247,000,000,000 78,000,000,000 15,707,827,424,587 9,645,852,198,356 48,034,090,930-681,919,350 2,334,376,702 1,161,903,550 8,816,272,045 10,498,025,008 1,883,309,769 25,700,551 113,203,825 10,551,841,300 11,422,485,940 1,839,989,240 1,596,826,900 2,686,246,600 4,712,622,000 78,904,769,341 34,474,902,549 83,656,053,582 59,619,802,478 III. 337,561,954,460 (27,750,000,000) 1. 369,936,954,460-369,936,954,460-2. (32,375,000,000) (27,750,000,000) 32,375,000,000 27,750,000,000 IV. () (I + II + III) 96,815,933,744 (71,140,405,728) V. 33,211,698,947 104,352,104,675 VI. (27) 130,027,632,691 33,211,698,947 080

Financial Statements [ ] 51 2007 4 1 2008 3 31 50 2006 4 1 2007 3 31 1. ( "") 1958 6, 2008 3 31 8, 66, 622, 16 768., 2008 3 31 102,500. (: ) 6,892,765 33.6% ( ) 4,920,000 24.0% 2,035,000 9.9% CORSAIR KOREA INVESTORS LLC 2,007,766 9.8% 1,199,001 5.8% Finventures KBL LLC 1,092,165 5.4% 723,600 3.6% 1,629,703 7.9% 20,500,000 100.0% 2.,. 2008 6 4. (1) 1 25. 1 20 ( 11 ), 11 21 25.. 11 21 I 22 23 24 II( ) - - - - - - - - 081

21 ' I' 24 ' II( )',,,.,. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -,,,.,. (: ) ( ) 12,314,343 12,217,273 97,070 11,793,255 11,695,334 97,921 521,088 521,939 (851) 102,839 199,909 (97,070) 48,776 146,697 (97,921) 575,151 575,151-141,633 141,633-433,518 433,518 - ( ). 082

Financial Statements, 21 24,.. (: ) ( ) 12,237,224 11,996,632 240,592 11,832,973 11,813,973 19,000 404,251 182,659 221,592 56,038 296,630 (240,592) 63,225 82,225 (19,000) 397,064 397,064-107,759 107,759-289,305 289,305 - ( ).,,,. (2),. ( ), (, ),. (3),.,,,.,,,,.,.,.... 083

( ),. (). (4).,.,,.., ( ). (5) '28-3'. "", " ", "", "" "" 5, 0.85%, 2%, 20%, 50%, 100%. 0.75%, 5%, 20%, 50%, 100%.. (6),,,., ().. 084

Financial Statements (7).,,,.,. ( ). 50 50 5 5 (8),,.. 5 5 5 (9) 7 7.,., 2004 4 1. (10),.. 085

,., (0) (0)... :, ( ) (IBNR, Incurred But Not Reported): : () :,,, (IBNR), 126,182 ()....,,,,,,. = +,.. " ".,., ( 6-13 1, ). 5.. 100 30, 5,. 086

Financial Statements, " ",, 5..,. (11) (,, ).. (12)., ( ),. (13) 5-6,. () ()., () (), () ( ) (), ' 4-1 ' ( ) (). ( ) 357,597 519,782. (14),.,,. (15) 2005 3 31 63,913 (). 087

(16) 1, ( ).,., ( ), ( ) ( ),.,. (17). ( 990.40/US$, 940.90/US$). (18) ().,. (19).,. (20) 15 ( )... (: ) ( ) ( ) 373,283 396,899 (23,616) 216,337 215,985 352 (7,239) - (7,239) 1,457,050 1,473,779 (16,729) () 088

Financial Statements (: ) ( ) ( ) 44,155 42,300 1,855 7,078 8,354 (1,276) 107,759 107,453 306 289,305 286,480 2,825 (: ) 15,638 15,485 153 (21).. 3.. (: ) 7,500 7,500 4. (1). (: ) 242,207 242,431 126,173 126,463 147,353 147,612 197,023 196,773 39,488 39,439 24,538 24,525 29,450 30,042 27,195 28,639 14,556 13,403 7,400 8,176 473,054 472,927 382,329 384,576 (2). 089

: (: ) 2.50 ~ 5.75% 245,789 242,207 242,559 242,431 242,431 4.05 ~ 6.19% 147,500 147,353 147,424 147,612 147,612 5.00 ~ 6.63% 40,000 39,488 39,475 39,439 39,439 433,289 429,048 429,458 429,482 429,482 : (: ) 2.50~5.25% 126,689 126,173 126,216 126,463 126,463 3.92~5.28% 197,000 197,023 196,990 196,773 196,773 4.00~5.00% 25,000 24,538 24,474 24,525 24,525 348,689 347,734 347,680 347,761 347,761 (3)... (: ) () () MMF 10,000 10,044 10,000 10,039 19,450 19,998 17,195 18,600 29,450 30,042 27,195 28,639... (: ) 19,469 18,240 1,125 500 20,594 18,740 (4). (: ) () () (ELS)708 7,400 6,075 7,400 8,176 CP 7,156 7,328 - - 14,556 13,403 7,400 8,176 090

Financial Statements (5) 21,650, 13,338. 5. (1). (: ) 461,340 456,735 186,427 192,802 92,141 88,780 106,695 98,934 2,788,317 2,789,038 3,200,847 3,206,144 2,937,138 2,950,226 1,900,265 1,923,005 581,301 579,186 626,285 624,905 335,425 389,702 380,038 400,797 2,943,917 2,824,679 2,621,086 2,400,096 11,000 12,476 21,000 22,759 10,150,579 10,090,822 9,042,643 8,869,442 (2). : (: ) ( ) ( ) 3.13% 10,124,167 56,004 67,731 67,731 0.01% 19,056 11,028 11,872 11,872 S-Oil 0.16% 185,600 12,885 11,711 11,711 0.12% 331,770 15,680 15,577 15,577 SK 0.07% 54,728 11,184 10,207 10,207 0.03% 200,550 7,140 6,027 6,027 0.71% 361,980 10,067 8,199 8,199 0.56% 394,000 4,942 4,137 4,137 ( ) 0.06% 26,309 1,483 1,644 1,644 0.23% 177,488 11,269 13,045 13,045 0.11% 160,178 11,798 12,430 12,430 ( ) 0.25% 197,300 7,483 7,675 7,675 0.01% 9,720 4,630 4,627 4,627 0.02% 68,338 3,570 3,574 3,574 SK 0.02% 8,190 1,396 1,163 1,163 ( ) 0.01% 38,182 2,273 2,115 2,115 SK 0.06% 139,502 1,221 2,853 1,978 ( ) 0.07% 51,800 2,901 2,766 2,766 () 091

(: ) ( ) ( )LG 0.04% 31,767 2,476 2,351 2,351 ( ) 0.35% 513,600 6,824 6,369 6,369 ( ) 0.03% 120,800 3,053 3,364 3,364 0.39% 238,780 9,572 9,253 9,253 0.04% 36,795 2,453 2,550 2,550 0.01% 10,722 3,604 3,973 3,973 0.02% 25,940 1,885 2,231 2,231 LG 0.03% 41,604 3,895 5,284 5,284 0.02% 42,284 2,991 3,336 3,336 65,895 68,328 68,328 279,602 294,392 293,517 ( ) ( ) 0.26% 7,045 7,919 1,073 2,606 KIF2 7.18% 3,406,745 34,750 34,942 34,850 72( ) 7.50% 285,000 2,850 2,922 2,850 0.36% 242,026 1,212 2,081 1,211 2.00% 40,000 1,000 627 1,000 TV 1.33% 80,000 640 780 640 9.50% 665,000 333 500 333 2.00% 40,000 200 1,113 200 8.68% 11,802 369 254 160 0.20% 11,741 98 1,024 98 3.20% 128,000 240 23 17 0.12% 325,677 11,822 2,437-4.34% 2,902,503 29,538 29,529 29,918 2.92% 676,008 3,380 3,141 3,380 15.00% 6,594,000 36,227 36,227 36,227 14.20% 2,736,464 13,682 13,682 13,682 37,479 27,285 36,046 181,739 157,640 163,218 461,341 452,032 456,735 : (: ) ( ) 0.25% 176,700 3,929 6,317 6,317 0.36% 221,700 4,039 5,764 5,764 2.07% 95,200 571 225 571 SK 0.07% 171,034 748 5,046 3,684 0.37% 287,300 5,838 6,306 6,306 0.26% 388,500 4,684 5,439 5,439 () 092

Financial Statements (: ) ( ) S-Oil 0.06% 75,000 4,948 4,860 4,860 LG 0.44% 199,100 4,282 5,525 5,525 0.02% 113,700 4,300 4,269 4,269 SK 0.03% 27,700 5,632 5,305 5,305 0.82% 82,400 4,321 4,285 4,285 KT 0.05% 121,200 5,294 5,115 5,115 LG 0.16% 198,101 7,863 8,528 8,528 KT&G 0.06% 94,800 5,413 5,830 5,830 0.16% 123,600 4,691 4,623 4,623 0.57% 402,000 4,805 4,824 4,824 2.81% 9,076,017 48,678 63,986 63,986 01 14.56% 319,000 1,595 1,598 1,598 02 11.55% 253,000 1,265 1,270 1,270 03 14.97% 328,000 1,640 1,643 1,643 04 14.97% 328,000 1,640 1,643 1,643 126,176 152,401 151,385 ( ) 11.22% 993,590 4,800 5,775 4,800 ( ) 0.30% 8,325 8,994 1,501 3,681 KIF2 12.04% 589,923 5,936 5,953 5,995 72( ) 7.50% 285,000 2,850 1,973 2,850 0.36% 242,026 1,212 1,863 1,212 2.00% 40,000 1,000 846 1,000 TV 1.33% 80,000 640 714 640 ( ) 9.50% 665,000 333 268 333 2.00% 40,000 200 1,050 200 8.68% 11,802 369 168 160 0.19% 11,182 98 816 98 3.20% 128,000 240 34 17 1.12% 325,677 11,822 16,766-4.33% 1,541,738 15,513 437 15,693 1.94% 293,794 1,469 1,199 1,469 15.00% 150,000 750 326 750 15.00% 96,240 481 6,244 481 3,544 2,894 2,038 60,251 48,827 41,417 186,427 201,228 192,802 SK 1 75%, ( ) 2007 11 21. 093

( ),. (3). : (: ) 4 28.00% 638 4,166 638 CHB2001-1 22.00% 2 1,004 2 PEF 14.73% 86,310 88,198 88,140 86,950 93,368 88,780 3 3,642,. : (: ) 4 28.00% 638 3,809 638 C&L 1 17.50% 1,400 930 1,400 3 90.00% 6,191 14,114 4,642 OLYMPUS 47.15% 8,464 2,264 1,629 CHB2001-1 22.15% 2 2,227 2 PEF 14.73% 90,000 90,310 90,623 106,695 113,654 98,934, 20%., PEF. (4)... : (: ) ( 2) 3.00-8.35% 2,812,460 2,788,317 2,789,800 2,789,038 2,789,038 3.80-7.48% 2,958,700 2,937,138 2,951,089 2,950,226 2,950,226 1.00-6.56% 585,000 581,301 581,654 579,186 579,186 ( 1) USD 1,204,000,000 1,127,060 1,141,499 1,154,568 1,154,568 JPY 1,000,000,000 6,356,160 7,433,816 7,464,042 7,473,018 7,473,018 USD 1,204,000,000 JPY 1,000,000,000 () 094

Financial Statements : (: ) ( 2) 3.00-8.35% 3,226,781 3,200,847 3,206,972 3,206,144 3,206,144 3.80-6.07% 1,926,874 1,900,265 1,918,375 1,923,005 1,923,005 1.00-6.41% 629,000 626,285 625,840 624,905 624,905 ( 1) USD 989,000,000 956,367 966,721 904,369 904,369 JPY 1,000,000,000 5,782,655 6,683,764 6,717,908 6,658,423 6,658,423 USD 989,000,000 JPY 1,000,000,000 ( 1), (6). ( 2). ( ), ( )... (: ) 1 1 5 5 10 10 131,811 5,181,248 2,040,189 119,770 7,473,018 (5)... (: ) () () 180,900 225,730 316,641 335,732 447 599 977 1,164 154,078 163,373 62,420 63,901 335,425 389,702 380,038 400,797... (: ) 180,386 291,032 837 10,508 181,223 301,540 095

(6)... : (: ) USD 1,141,225,989 1,117,358 1,144,571 JPY 977,600,000 9,702 9,997 ETF USD 80,231,814 75,163 75,446 USD 10,082,094 10,405 3,661 USD 1,632,223,431 1,731,289 1,591,004 2,943,917 2,824,679 CSAM CDO Equity Tranche 779. : (: ) USD 925,944,878 946,665 896,372 JPY 977,600,000 9,702 7,997 ETF USD 80,231,814 75,163 77,376 JPY 9,395,021,702 74,993 80,322 USD 1,397,983,077 1,514,563 1,338,029 2,621,086 2,400,096.. : (: ) USD 1,140,737,409 1,129,786 USD 19,932,198 19,741 USD 1,160,669,607 1,149,527 : (: ) USD 991,387,104 932,796 USD 5,418,836 5,099 USD 996,805,940 937,895 096

Financial Statements (7). (: ) 5,000 5,462 5,000 5,524 1,000 1,472 1,000 1,100 5,000 5,542 5,000 5,310 - - 5,000 5,408 - - 5,000 5,417 11,000 12,476 21,000 22,759 (8).. (: ) () () 27,794 (868) (11,582) 15,344 239 241-480 332 1,207 290 1,830 (828) (3,589) 3,656 (761) 4,630 (4,794) (699) (863) (2,278) (1,188) 103 (3,363) 20,997 9,236 24,023 54,256 54,873 (65,635) 50,692 39,930 1,760 540 (825) 1,476 107,519 (64,850) 65,658 108,329. (: ) 51,578 37,186 19,565 108,329 (9) 366,217, 275,807. (10). (: ) CSFB 79,232 () 097

(: ) CSFB(KTB) 64,871 UBS 78,737 Barclays 203,527 426,367 6. (1). (: ) 3,894,989 3,925,241 3,616,331 3,640,543 4,730,330 4,720,968 4,362,639 4,352,972 510,598 508,934 522,374 518,914 889,591 723,241 1,228,131 948,714 10,025,508 9,878,384 9,729,475 9,461,143 (2)... : (: ) ( ) 2.50 ~ 8.35 % 3,945,554 3,894,989 3,925,241 3,976,351 3,925,241 3.57 ~ 7.65 % 4,724,300 4,730,330 4,720,968 4,692,839 4,720,968 3.00 ~ 8.62 % 510,000 510,598 508,934 502,095 508,934 0.00 ~ 8.90 % USD 720,500,000 889,591 1,207,951 711,940 723,241 JPY 1,000,000,000 9,179,854 10,025,508 10,363,094 9,883,225 9,878,384 USD 720,500,000 JPY 1,000,000,000 : (: ) ( ) 2.50~8.35% 3,656,030 3,616,331 3,640,543 3,746,551 3,640,543 3.57~8.26% 4,348,805 4,362,639 4,352,972 4,407,168 4,352,972 () 098

Financial Statements (: ) ( ) 3.00~10.20% 520,000 522,374 518,915 519,494 518,914 0.00~7.60% USD 985,500,000 1,228,131 1,207,951 964,457 948,714 JPY 1,000,000,000 EUR 8,180,670 8,524,835 9,729,475 9,720,381 9,637,670 9,461,143 USD 985,500,000 JPY 1,000,000,000 EUR 8,180,670 ( )... 1 1,475,865 1,476,663 1 5 4,059,481 4,096,760 5 10 2,999,322 2,959,588 10 1,343,716 1,350,214 9,878,384 9,883,225 (3). : (: ) USD 344,975,000 384,496 341,671 USD 396,165,170 494,928 371,578 JPY 979,500,000 10,167 9,992 889,591 723,241 : (: ) USD 549,750,000 638,061 517,449 USD 456,770,765 570,866 413,098 JPY 979,500,000 10,167 7,926 EUR 7,927,069 9,037 10,241 1,228,131 948,714 099

(4) 541,834, 500,932. (5). (: ) MORGAN STANLEY 68,000 Lehman Brothers 6,000 SG 47,000 BOA 6,200 127,200 (6). (: ) MBS2004-2(1-2) 1,500 1,500 - MBS2004-2(1-2) 1,500 1,500-02-11 120 ( )-13 49,816 51,040 (1,223) 7. (1). : (: ) ( ) 200,000 85.0% 1,000 35,663 33,724 898,250 89.8% 4,818 7,129 7,033 300,000 100.0% 1,000 9,539 9,337 ( 1) 5,040,000 84.0% 44,366 46,067 45,922 18,585,473 51.6% 248,131 215,524 221,809 500,000 50.0% 5,000 27,986 26,506 400,000 100.0% 2,000 2,585 2,585 1 3,000,000 22.7% 15,000 15,248 15,248 A&D ( 2) 195,000 19.5% 975 2,589 2,443 4 ( 2) 1,000,000 6.6% 5,000 5,166 4,850 5 3,000,000 30.0% 15,000 15,369 14,593 8 ( 2) 613,400 6.7% 3,067 3,038 2,917 14 309,200 14.9% 1,546 1,537 1,537 346,903 387,440 388,504 () 100

Financial Statements : (: ) ( ) 200,000 85.0% 1,000 27,784 25,828 898,250 89.8% 4,819 4,204 4,204 300,000 100.0% 1,000 8,306 8,096 ( 1) 900,000 15.0% 6,713 7,956 7,795 18,585,473 51.6% 248,131 164,818 167,215 500,000 50.0% 5,000 25,462 22,984 10,464,152 74.7% 53,063 29,092 29,092 400,000 100.0% 2,000 2,282 2,282 1 3,000,000 22.7% 15,000 15,570 15,570 A&D ( 2) 195,000 19.5% 975 2,096 1,974 4 ( 2) 1,000,000 6.6% 5,000 5,209 4,909 5 3,000,000 30.0% 15,000 15,449 14,726 8 ( 2) 613,400 6.7% 3,067 3,101 2,954 ( 3) 6,594,000 15.0% 36,227 40,142 40,121 ( 3) 1,504,997 15.0% 7,525 10,477 6,453 ( 3) 4,429,251 2.5~25% 19,080 17,589 19,080 423,600 379,537 373,283 ( 1) 20% ( ) 20%, 84%. ( 2) 20%. ( 3),, 14. ( 4) 15 ( ).,.,. 12 31 2007 12 31 3 31 2008 03 31 3 31 2008 03 31 3 31 2008 03 31 3 31 2008 03 31 12 31 2007 12 31 3 31 2008 03 31 1 4 30 /10 31 ( 1) 2008 01 31 A&D 12 31 2007 12 31 () 101

4 6 30 /12 31 ( 1) 2007 12 31 5 6 30 /12 31 ( 1) 2007 12 31 8 6 30 /12 31 ( 1) 2007 12 31 14 6 30 /12 31 ( 1) 2007 12 31 ( 1) 6 1 2. (2). : (: ) 25,828 8,096 (100) (100) - - 33,724 4,204 2,537-292 - - 7,033 8,096 1,241 - - - - 9,337 ( 1) 7,795 789 (315) - - 37,653 45,922 167,215 20,614 (2,788) 28,288-8,479 213,329 22,984 5,162 (1,500) (140) - - 26,506 ( 2) 29,092 - - 478 - (29,570) - 2,282 303 - - - - 2,585 1 15,570 1,258 (1,568) (12) - - 15,248 A&D 1,974 615 (146) - - - 2,443 4 4,909 593 (652) - - - 4,850 5 14,727 1,432 (1,566) - - - 14,593 8 2,953 225 (231) (30) - - 2,917 14 - (8) - (1) - 1,546 1,537 ( 3) 40,121 - - - - (40,121) - ( 3) 6,453 - - - - (6,453) - ( 3) 19,080 - - - - (19,080) - 373,283 42,857 (8,865) 28,775 - (47,546) 388,504 ( 1) 64%, 5%.,. ( 2). ( 3). : (: ) 20,844 4,760 (100) 13 311-25,828 2,500 1,752 - (48) - - 4,204 () 102

Financial Statements (: ) 6,155 1,941 - - - - 8,096 7,377 758 (135) (205) - - 7,795 156,797 15,657 (2,788) (2,451) - - 167,215 19,967 5,415 (2,500) 102 - - 22,984 35,156 (6,006) - (58) - - 29,092 2,200 82 - - - - 2,282 43,973 - - (24) - (43,949) - 1 15,622 1,458 (1,523) 13 - - 15,570 A&D 1,630 466 (122) - - - 1,974 4-538 (629) - - 5,000 4,909 5 14,858 1,308 (1,440) - - - 14,726 8 - - (112) - - 3,066 2,954-10,020 (6,126) - - 36,227 40,121 - (1,072) - - - 7,525 6,453 - - - - - 19,080 19,080 327,079 37,077 (15,475) (2,658) 311 26,949 373,283 (3). (: ) () (1,956) - 163 (1,793) (211) - 18 (193) (161) - 16 (145) 2,397 - (213) 2,184 21 - (1) 20 92 - (19) 73. (: ) 6,379-6,379-860 356-1,216 7,239 356 6,379 1,216 (4). 103

. (: ) () 15,698 28,036-43,734 (834) 261 478 (95). (: ) 28,510 15,013 211 43,734 (45) (33) (17) (95) (5). (: ) () 183,850 141,892 397,646 9,387 14,762 6,826 29,831 2,931 12,815 3,276 70,098 1,233 56,276 1,434 15,907 3,902 1,771,629 1,354,160 713,867 48,716 63,793 7,821 24,287 10,329 3,822 1,238 18,303 302 1 137,442 70,350 16,347 5,533 A&D 17,044 3,766 43,441 3,154 4 179,822 101,304 21,751 9,015 5 109,016 57,787 12,208 4,775 8 123,774 78,215 10,266 2,400 14 27,945 17,622 - (56) (6). (: ) 19,100 18,585,473 354,983 9,670 18,585,473 179,722 1 5,090 3,000,000 15,270 8,770 3,000,000 26,310 8 5,910 613,400 3,625 5,260 613,400 3,226 104

Financial Statements 8. (1) 2004, 2005, 2006 3 31 2007 3 31 3.70%, 2.95%, 2.68%, 2.21%, 1.77%. (2). : (: ) () 20,000 - - - - 20,000 4,555,120 - - - 20,812 4,575,932 15,000 - - - - 15,000 3,276,246 13,588 17,684 8,436 1,345 3,317,299 2,781,117 7,488 51,952 24,041 4,688 2,869,286 34,289 1,179 94 8-35,570 311,259 75 5,952 358 564 318,208 10,993,031 22,330 75,682 32,843 27,409 11,151,295 () 40,270 - - - - 40,270 77,243 55 730 7,343 1,656 87,027 72,059 498 - - - 72,557 1,038-433 - - 1,471 190,610 553 1,163 7,343 1,656 201,325 11,183,641 22,883 76,845 40,186 29,065 11,352,620 : (: ) () 4,231,750 - - - 26,502 4,258,252 37,000 15 - - - 37,015 3,038,469 18,138 24,668 11,180 3,219 3,095,674 2,394,143 10,427 70,375 30,005 17,626 2,522,576 45,130 1,973 139 21 74 47,337 724,278 26 5,970 10,444 565 741,283 10,470,770 30,579 101,152 51,650 47,986 10,702,137 () 120,317 - - - - 120,317 26,919 53-10 2,401 29,383 71,335 569 61-6,190 78,155 2-475 - 2 479 218,573 622 536 10 8,593 228,334 10,689,343 31,201 101,688 51,660 56,579 10,930,471 105 ( ).

(3). : (: ) 1 1 ~ 2 2 ~ 3 3 20,000 - - - 20,000 4,575,932 - - - 4,575,932 15,000 - - - 15,000 464,641 136,889 140,464 2,575,305 3,317,299 1,387,261 258,855 142,243 1,080,927 2,869,286 34,197 1,197 78 98 35,570 152,253 54,357 90,428 21,170 318,208 6,649,284 451,298 373,213 3,677,500 11,151,295 : (: ) 1 1 ~ 2 2 ~ 3 3 4,258,252 - - - 4,258,252 37,015 - - - 37,015 519,209 128,796 131,677 2,315,992 3,095,674 1,388,891 173,521 217,497 742,667 2,522,576 46,025 1,012 67 233 47,337 455,214 130,525 50,522 105,022 741,283 6,704,606 433,854 399,763 3,163,914 10,702,137 (4). (: ) 24,665 27,927 19,322 18,639 3,817 4,397 26,441 29,109 74,245 80,072 (5). (: ) 27,409 27,409 47,986 47,986 1,656 1,656 2,401 2,401 - - 6,190 6,190 - - 2 2 29,065 29,065 56,579 56,579 106

Financial Statements (6). (: ) 236,762 602 2,534 6,895 168 : 17,459-5,353 - - 15,431 - - - - 32,890-5,353 - - : - 401-6,192 17 72,397-370 - - 72,397 401 370 6,192 17 197,255 201 7,517 703 151 9. (1). (: ) 12,310 3,696 12,310 3,696 12,310 3,696 7,868 5,041 7,868 5,041 7,869 5,040 20,178 8,737 20,178 8,737 20,179 8,736, 13,740. (2) : (: ) 3,696-17,682 9,068 - - 12,310 5,040-14,355 11,526 - - 7,869 8,736-32,037 20,594 - - 20,179 : (: ) 7,992 - - 4,296 - - 3,696 9,595 - - 4,553 - - 5,040 17,587 - - 8,849 - - 8,736 107

(15, 13 ). 1 ( 6,660 ). 10. (1) 1999 4 1 478,550. 23,900 45, 430,750 64,000 45, 63,750, 303,000 126,438 44 176,562. 117,561. 1999 4 1 23,900 1981 1 1 1989 4 1 66,388 90,288. 65,923. (2). (: ) 675,466 941,871 693,772 899,098 (3).. : (: ) ( 1) 693,772 682-1,306 - - 17,682 675,466 ( 1) 826,202 1,162-3,014-18,853 14,355 791,142 21,589 - - 4-499 - 21,086 337 25-6 - 168-188 43,899 10,552-10 - 23,101-31,340 ( 2) 2,311 10,498 - - - - 46 12,763 6,372 - - 52 - - - 6,320 1,594,482 22,919-4,392-42,621 32,083 1,538,305 ( 1) ( 2) () 108

Financial Statements : (: ) 722,667 2,334-13,209 18,020 - - 693,772 849,470 8,816-427 12,452 19,205-826,202 22,461 - - - 365 507-21,589 437 113-4 - 209-337 65,366 11,424-60 - 32,831-43,899 428 1,883 - - - - - 2,311 6,421 - - 49 - - - 6,372 1,667,250 24,570-13,749 30,837 52,752-1,594,482 (4), (116,801 ) 122,897 358. (5) ( ) 2 ( 668,253 ).. 11. (1). : (: ) 66,623 58,184-8,439 35,877 15,330-20,547 10,582 8,957-1,625 113,082 82,471-30,611 : (: ) 64,839 53,608-11,231 33,188 8,443-24,745 10,582 7,510-3,072 108,609 69,561-39,048 109

(2). : (: ) 11,231 1,840-4,675 43 8,439 24,745 2,687-6,888 3 20,547 3,072 - - 1,447-1,625 39,048 4,527-13,010 46 30,611 : (: ) 19,899 1,597-10,265-11,231 26,452 4,713-6,420-24,745 4,807 - - 1,735-3,072 51,158 6,310-18,420-39,048 (3). (: ) 10,694 14,705 32 K-Loan() 3,812 5,289 31 12.. : (: ) 379,049 307,838 228,898 457,989 1,503,883 552,185 639,884 1,416,184 296,592 72,163 113,983 254,772 2,179,524 932,186 982,765 2,128,945 12,069 7,382 6,561 12,890 231 128 98 261 12,300 7,511 6,660 13,151 2,191,824 939,697 989,425 2,142,096 () 110

Financial Statements : (: ) 336,320 240,921 198,192 379,049 1,641,726 517,998 655,841 1,503,883 270,590 140,153 114,151 296,592 2,248,636 899,072 968,184 2,179,524 12,608 7,439 7,978 12,069 243 64 76 231 12,851 7,502 8,053 12,300 2,261,487 906,574 976,237 2,191,824 13. (1). (: ) () 13,229,695 12,442,640 787,055 15,194,443 13,556,537 1,637,906 1,451,672 1,881,624 (429,952) 1,086,934 1,035,261 51,673 30,962,744 28,916,062 2,046,682 2,355 2,733 (378) 8,136 9,922 (1,786) 733 1,780 (1,047) 8,953 10,072 (1,119) 20,177 24,507 (4,330) 418,284 419,791 (1,507) 521,127 482,791 38,336 309,887 1,093,110 (783,223) 79,502 78,778 724 IBNR 126,182 116,865 9,317 1,454,982 2,191,335 (736,353) 361,131 379,499 (18,368) 26,658 28,894 (2,236) 6,338 7,107 (769) 12,776 13,377 (601) 406,903 428,877 (21,974) (16,961) (17,304) 343 18,659 1,082 17,577 32,846,504 31,544,559 1,301,945 111

(2). (: ) 4,341,168 4,408,685 3,881,023 3,954,730 6,148,599 6,665,765 5,832,782 6,229,655 2,120,734 2,155,244 2,213,244 2,258,256 12,610,501 13,229,694 11,927,049 12,442,641 5,253,717 6,552,048 4,007,177 5,322,487 8,361,795 8,642,396 7,873,677 8,234,050 13,615,512 15,194,444 11,880,854 13,556,537 1,131,813 1,451,672 1,494,183 1,881,624 1,001,241 1,015,211 955,893 969,468 71,428 71,723 65,478 65,792 1,072,669 1,086,934 1,021,371 1,035,260 28,430,495 30,962,744 26,323,457 28,916,062 (3). (: ) () 143,525 155,966 (12,441) 3,704 4,136 (432) 1,319 1,437 (118) 174 177 (3) 148,722 161,716 (12,994) 103,103 105,818 (2,715) 13,479 14,680 (1,201) 2,950 3,097 (147) 8,383 9,041 (658) 127,915 132,636 (4,721) 53,757 57,127 (3,370) 4,685 5,161 (476) 635 914 (279) 697 801 (104) 59,774 64,003 (4,229) 40,090 37,392 2,698 2,926 2,922 4 415 442 (27) 3,512 3,349 163 46,943 44,105 2,838 () 112

Financial Statements (: ) () 5,345 6,339 (994) 209 277 (68) 236 292 (56) 9 9-5,799 6,917 (1,118) 15,313 16,858 (1,545) 1,655 1,717 (62) 782 925 (143) 17,750 19,500 (1,750) 406,903 428,877 (21,974) 14.. (: ) 6.50% 92,500 2003.10.24 2009.4.24 6.51% 200,000 2005.3.25 2015.4.2 ( ) 5.45% 50,000 2005.3.25 2010.4.2 342,500 ( ) 2010 4 15. (1). (: ) 149,447 145,239 (163,158) (37,695) 43,821 121,903 ( ) - (80,000) 30,110 149,447 ( ) (2) 2007 4 1, 113

( ) 10,842., 2007 5 30 6 5.08%.. (: ) 8,002 2,840 ( ) 10,842 (3),. (: ) 13 36,055 12 18,156 25 54,211., 38,606 5,215. 16. (1) 2008 3 31 1,,. (2). 6.27% 2005 4 2008 3 3 ( 1) 2007 1 2007 12 1 ( 1) 2007 1 2007 12 1 ( 1) 2007 1 2007 12 1 ( 2) 2006 1 2007 12 2006 1 ( 1) 2005 4 2007 12 2 9 114

Financial Statements ( 1) 44.9%~119.2% 44.9%~125.7% 58.6%~327.3% 44.2%~243.3% 6.9%~141.9% 6.7%~141.9% 64.1%~129.8% 31.1%~241.9% ( 2) 1 2.9%~28.8% 2 3.4%~22.9% 3 6.9%~19.7% 4 4.9%~25.3% 5 4.0%~30.5% (3) (). (: ) () 39,335 2.0~5.5% (2,191) 173,986 4.5~12.0% 8,648 60,725 6.5~12.0% (316) 234,711 4.5~12.0% 8,332 3,373 2.0~8.0% (506) 238,084 2.0~12.0% 7,826 9,022 3.5~9.5% (511) 1,088,695 3.5~9.5% (25,080) 1,097,717 3.5~9.5% (25,591) 72,056 3.0~7.5% (2,592) 491,820 3.0~5.0% (24,409) 563,876 3.0~7.5% (27,001) 1,661,593 3.0~9.5% (52,592) 1,939,012 2.0~12.0% (46,957),.,. 17. (1). 115