Leneco Signs MOU with Samsung Electronics on

    Home Network Appliances

[September 14, 2005]

Leneco signed the MOU with Samsung Electronics for the sale of digital home appliances that will be linked to its home network system. Leneco will supply Samsung's digital products connected to its home network system LeNeT to apartment residents, and conduct a marketing policy targeting the future residents along with system installation and operation. LeNeT is already structured to be compatible with the expected digital products, which facilitates its use for the consumers. Residents who will use the service can choose the appliances they want to use with LeNeT. The business alliance with Samsung is expected to increase sales of home network business, and the company is planning to develop various contents to fit the actual needs.