Press Release 2005.04.01

Daum transferred all financial business to Daum FN

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Daum transferred all financial business to Daum FN (Money Today)

Daum Communications made a disclosure that the company transferred all financial business to its subsidiary, Daum FN. Businesses that will be transferred are Financial Plaza, real estate and card service and the total amount is 970.6mn won.

In addition, the company also disclosed that the company transferred comic, fortune telling, lottery and VOC service to its subsidiary Contents Plus.

As for Daum moving to Cheju Island, the company started building Media Research Center from March 31st. Among total 9.5bn won cost for Media research center construction, Daum will spend 8.2bn won while the rest will be funded by the government. Upon the completion of the Media research center, the company will transfer more than 100 research employees to Cheju Island.

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