2007 Policy Briefing 

Doosan Infracore top management briefed all employees on major results for the first half of the year and major tasks for the second half. President & CEO Choe Sung-chul presided over briefing sessions at the Inchoen and Ansan facilities on July 18, at the Changwon plant on July 19, and at the Seoul headquarters on July 27.

 During his presentation, President Choe said, ?e pursued various growth strategies during the first half, and I am confident that our efforts will soon show tangible results.? President Choe reported operating profit of W165.6 billion on sales of more than W1.89 trillion for the first half of 2007. He also praised the employees for their hard work, allowing the company to surpass its original performance goals.

The President observed that the company has achieved strong growth each year since its re-launch as Doosan Infracore, and he called on everyone to work hard so that second half goals could be reached, with operating profit break W400 billion for the year.

President Choe went on to say: "There are no signs of improvement in the external business environment, which is marked by a strong Won currency, soaring raw material prices, rising shipping costs and high interest rates. A general slowdown in the global economy is also expected. Let? overcome this looming crisis through companywide innovation efforts.

Let none of us forget that securing product and cost competitiveness is the way for us to survive. So, do your best to ensure product quality, reduce production and operating costs, and carefully manage environmental and safety concerns.

We can achieve our corporate vision if our labor-management relations remain solid, we trust one another, and we perform our duties sincerely. At the same time, we will be able to emerge as one of the world? best in our industry."