Choi Kap Ryong/HR & Admin Team
2000-11-10 01:41 PM
?I 789-6764


Dear Directors and Auditors:

  We request you to have written board meeting
  to  resolve  disposition of subordinated securities (20 bil)owned by SK Gas 
in
  order to pay off corporate bond(20 bil).
  Through this, SK Gas can save 900 million Korean Won for 5 years and make 
debt
  ratio down around 8%.
  You can find detailed explanation in attached files.
  It  is highly recommended for you to send your response  by e-mail (approve 
or
  object) at your earliest convenience,
  because of the possible change of interest rate.
  If  there  is  any  objection  on this item from Board members, we will set 
up
  conference call to discuss it.

  Sincerely Yours,

  K.R. Choi


  English     main  body   (See  attached  file:  E??oAA  -  AI??E,  ?-,???A?  (??1r??).
doc)
  attachment  (See attached file: AI??E,A??I (??1r).xls)
  Korean      main  body   (See  attached  file:  E??oAA  -  AI??E,  ?-,???A?  (???U??).
doc)
  attachment  (See attached file: AI??E,A??I (???U).xls)

 - E??oAA - AI??E, ?-,???A? (??1r??).doc
 - AI??E,A??I (??1r).xls
 - E??oAA - AI??E, ?-,???A? (???U??).doc
 - AI??E,A??I (???U).xls