UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of [July] 2005
MIRAE CORPORATION
(Translation of registrant’s name into English)
#9-2, CHA AM-DONG, CHUN AN, CHUNG CHONG NAM-DO 330-200
REPUBLIC OF KOREA
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ( ü ) No Form 40-F ( )
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ( ) No ( ü )
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .
The registrant files with the Korea Securities Exchange the notice dated July 4, 2005. Attached is English language version of the notice.
The following table sets forth the summary of the Equity Investment in Mirae Online Co., Ltd.
1.Accumulated Amount in the Current Fiscal Year (excluding the amount previously reported) | 2,000,000,000 | |||
- Equity Capital (KRW) | 126,316,489,253 | |||
- Ratio to Equity Capital (%) | 1.6 | |||
2. Applicability of Fair Trade Act | No | |||
3. Others | - | |||
| [Details] | ||||
| Investee : Mirae Online Co., Ltd. | ||||
1. Relationship to Company | Affiliated Company | |||
2. Investment Amount (KRW) | 2,000,000,000 | |||
3. Investment Method | Participation in rights issue. | |||
4. Object of Investment | 400,000 of Common Stocks | |||
5. Investment Date | July 4, 2005 | |||
- Attendance of Outside Directors | Present (No) | 3 | ||
| Absent (No) | - | |||
- Attendance of Auditors | Present | |||
| 6.Total Shareholding Ratio and investment amount in the investee | Total shareholding ratio (%) | 67.47 | ||
Total investment amount (KRW) | 17,197,000,000 | |||
7. Others | - Total shareholding ratio shall be changed because the company does not take over forfeited shares of the rights issue. | |||
| - | |||
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The following table sets forth the summary of the Disposal of Treasury Stocks
1.Purpose of disposal | To pay bonus to employees | |||||||||
2.Number of Shares to be disposed | Common Shares | 684,211 | ||||||||
Preferred Shares | - | |||||||||
3.Estimated disposal amount | Common Shares | 520,000,250 | ||||||||
Preferred Shares | - | |||||||||
| 4.Closing price of the day prior to the decision date (KRW) | Common Shares | 760 | ||||||||
Preferred Shares | - | |||||||||
5. Disposal Period | From | July 11, 2005 | ||||||||
| To | July 11, 2005 | |||||||||
6. Disposal Method | Account transfer to the corresponding individuals respectively | |||||||||
7.Securities Brokerage Firms | - | |||||||||
8.Treasury Stock Holding before disposal | Number of Shares Directly Held | Common Shares | 1,474,139 | Ratio(%) | 0.82 | |||||
| Preferred Shares | - | Ratio(%) | - | |||||||
| Number of Shares Indirectly Held Through Trust Contracts | Common Shares | - | Ratio(%) | - | ||||||
| Preferred Shares | - | Ratio(%) | - | |||||||
| Number and Amount of Trust Contracts | Number of Contracts | - | ||||||||
| Total Contract Amount | - | |||||||||
9.Date of Board Resolution (Decision Date) | July 4, 2005 | |||||||||
- Attendance of Outside Directors | Present (No) | 3 | ||||||||
| Absent (No) | - | |||||||||
- Attendance of Auditors | Present | |||||||||
10. Others | - Number of Shares to be disposed on item 2 shall be changed according to the method of disposal as arranged. | |||||||||
| - | |||||||||
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The following table sets forth the summary of product and service transaction with CyberBank Corporation.
1.The other party to the contract | CyberBank Corporation | |||||||||
- Relationship with company | Affiliated Company | |||||||||
| 2.Details of Transaction | Transaction Date | July 4, 2005 | ||||||||
| Transaction Period | From July 4, 2005 to October 31, 2005 | |||||||||
| Object of Transaction | Smart Phone | |||||||||
| Type of Transaction | Purchase | |||||||||
| Transaction Amount (KRW) | 4,928,000,000 | |||||||||
| Sales in the latest fiscal year (KRW) | 59,654,075,836 | |||||||||
| Ratio to Sales in the latest fiscal year (%) | 8.26 | |||||||||
3.Decision Date (Date of Board Resolution) | July 4, 2005 | |||||||||
- Attendance of Outside Directors | Present (No) | 3 | Absent (No) | - | ||||||
- Attendance of Auditors | Present | |||||||||
4.Applicability of Fair Trade Act | No | |||||||||
5.Others | - Type of transaction of item 2 is trading with CyberBank Corporation by means of Original Equipment Manufacturing. | |||||||||
 Date of Relevant Disclosure | - | |||||||||
| The following table sets forth the summary of product and service transaction with CyberBank Corporation. | ||||||||||
1.The other party to the contract | CyberBank Corporation | |||||||||
- Relationship with company | Affiliated Company | |||||||||
| 2.Details of Transaction | Transaction Date | July 4, 2005 | ||||||||
| Transaction Period | From July 4, 2005 to October 31, 2005 | |||||||||
| Object of Transaction | Smart Phone | |||||||||
| Type of Transaction | Purchase | |||||||||
| Transaction Amount (KRW) | 3,346,500,000 | |||||||||
| Sales in the latest fiscal year (KRW) | 59,654,075,836 | |||||||||
| Ratio to Sales in the latest fiscal year (%) | 5.6 | |||||||||
| 3.Decision Date (Date of Board Resolution) | July 4, 2005 | |||||||||
- Attendance of Outside Directors | Present (No) | 3 | Absent (No) | - | ||||||
- Attendance of Auditors | Present | |||||||||
4.Applicability of Fair Trade Act | No | |||||||||
5.Others | - Type of transaction of item 2 is selling to an customer specified after buying Smart Phone from CyberBank Corporation. | |||||||||
| Date of Relevant Disclosure | - | |||||||||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: July 4, 2005
By | /s/ MiRi Chung | |
Mi-Ri Chung | ||
Mirae Corporation | ||
Public Disclosure Representative | ||
Of Investor Relations Team |
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