On May 14th, KHFC selected three co-lead managers, including Korea Development Bank, for the first issue KHFC MBS. The following financial institutions were selected for the first issuance of (KHFC MBS2004-1) using KHFC mortgages as underlying assets, which had been originated since March 25th. -Co-lead managers: Korea Development Bank, Hana Securities, Samsung Securities. -Credit rating agency: Korea Ratings, Korea Investors Service -Due diligence: Younghwa Accounting Firm (Samil Accounting Firm for the second issuance of MBS) -Law Firm: Deryook International Patent & Law Firm For the 13 days from April 28 to May 13, the offer to select lead managers was posted at the KHFC website, and the selection review committee selected the lead managers from among 23 financial institutions A lead manager pool of 10 financial institutions was selected for 2004. -Daewoo Securities, Daehan Investments & Securities, Meritz Securities, Bookook Securities, Samsung Securities, Sejong Securities, Hana Securities, Korea Development Bank, Hanyang Securities, Hanwha Securities