The LG security corporation was appointed as main distributor of BIP Industries Co.,
Ltd.

on september 1, 2001. BIP Industries Co., Ltd. has accomplished appointment for

KOSDAQ registration.

We will request of preliminary inspection on October 6, 2001.

* The newspapers, Hankookilbo, the Korea Economic Daily, carried an article about it.

* See below attached an article page 22 of the Korea Economic Daily.