NOMURA ASSET MANAGEMENT USA INC.
PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2005 TO JUNE 30, 2006
KOREA EQUITY FUND (A/C 8148009)
COMPANY NAME MEETING DATE DETAILS VOTE CAST SHARES
HANA BANK (KRW) 12-Sep-05 EGM Vote For 2; Vote Against 1 53,400
1. Approve the stock swap to establish Hana
Financial Group
2. Approve to change in exercising stock
option
HANA BANK (KRW) 17-Oct-05 EGM Vote For 2; Vote Against 1 53,400
1. Approve the contract of stock transfer
to Hana Financial Group
2. Amend the exercising route of Stock
Purchase Option
HANA BANK (KRW) 17-Oct-05 EGM Vote For 2; Vote Against 1 53,400
PLEASE NOTE THAT THIS IS AN AMENDMENT TO
MEETING ID 259001 DUE TO ADDITION OF A
COMMENT. ALL VOTES RECEIVED ON THE
PREVIOUS MEETING WILL BE DISREGARDED AND
YOU WILL NEED TO RE-INSTRUCT ON THIS
MEETING NOTICE. THANK YOU.
PLEASE NOTE THAT IF YOU VOTE FOR THE EGM
AGENDA, YOU CANNOT PARTICIPATE IN THE
BUYBACK. SO TO PARTICIPATE IN THE
BUYBACK, YOU ARE REQUIRED TO SEND
DISSENTING INSTRUCTIONS FOR BOD
1. Approve the contract of stock transfer
to Hana Financial Group
2. Amend the exercising route of Stock
Purchase Option
S-OIL CORP 28-Oct-05 EGM Vote Against the Proposal 23,000
1. Elect the Internal Director
Page 1 of 12
NOMURA ASSET MANAGEMENT USA INC.
PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2005 TO JUNE 30, 2006
KOREA EQUITY FUND (A/C 8148009)
COMPANY NAME MEETING DATE DETAILS VOTE CAST SHARES
POSCO (KRW) 24-Feb-06 AGM Vote For All Proposals 18,750
1. Approve the balance sheet, income
statement, and the statement of
appropriation of retained earnings
2. Amend Articles of Incorporation
3.1.1 Elect Director
3.1.2 Elect Director
3.2 Elect Auditor
3.3 Elect Director
4. Approve the limit of remuneration for the
Directors
5. Approve to waiver the claim for overpaid
employment benefit
CHEIL COMMUNICATIONS INC (KRW) 28-Feb-06 AGM Vote For All Proposals 2,500
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2. Elect the Directors
3. Elect the Auditors
4. Approve the limit of remuneration for the
Directors
5. Approve the limit of remuneration for the
Auditors
LG PHILIPS LCD CO (KRW) 28-Feb-06 AGM Vote For All Proposals 55,300
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2. Elect the Directors
3. Approve the remuneration limit for the
Directors
SAMSUNG CORP (KRW) 28-Feb-06 AGM Vote For All Proposals 32,000
Page 2 of 12
NOMURA ASSET MANAGEMENT USA INC.
PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2005 TO JUNE 30, 2006
KOREA EQUITY FUND (A/C 8148009)
COMPANY NAME MEETING DATE DETAILS VOTE CAST SHARES
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2. Elect the Directors
3. Elect the External Directors
4. Approve the limit of remuneration and bonus
for the Directors
SAMSUNG ELECTRONICS CO LTD 28-Feb-06 AGM Vote For All Proposals 18,958
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2.1.1 Elect Outside Director
2.1.2 Elect Outside Director
2.1.3 Elect Outside Director
2.1.4 Elect Outside Director
2.1.5 Elect Outside Director
2.2.1 Elect Inside Director
2.2.2 Elect Inside Director
2.2.3 Elect Inside Director
2.2.4 Elect Inside Director
2.3.1 Elect Auditor
2.3.2 Elect Auditor
3. Approve the remuneration limit for the
Directors
SHINSEGAE CO LTD (KRW) 03-Mar-06 AGM Vote For All Proposals 6,660
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2. Amend the Articles of Incorporation
3. Elect Director
4. Elect Auditor
5. Approve the limit of remuneration for the
Directors
Page 3 of 12
NOMURA ASSET MANAGEMENT USA INC.
PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2005 TO JUNE 30, 2006
KOREA EQUITY FUND (A/C 8148009)
COMPANY NAME MEETING DATE DETAILS VOTE CAST SHARES
HYUNDAI MOBIS (KRW) 10-Mar-06 AGM Vote For All Proposals 31,750
1. Approve the balance sheet, income
statement and the statement of
appropriation of unappropriated retained
earnings for the year 2005
2. Elect the Directors
3. Elect the Audit Committee
4. Approve the remuneration limit for the
Directors
HYUNDAI MOTOR CO (KRW) 10-Mar-06 AGM Vote For All except 50,700
1. Approve the balance sheet and income Vote Against 2
statement and statement of appropriation
of unappropriated retained earnings
2. Amend the Articles of Incorporation
3. Elect the Directors
4. Elect the Audit Committee
5. Approve the limit of remuneration for
the Directors
LG ELECTRONICS INC. (KRW) 10-Mar-06 AGM Vote For All Proposals 20,900
1. Approve the balance sheet and income
statement and statement of
appropriation of unappropriated
retained earnings
2. Elect the Directors
3. Elect the Members of the Auditors'
Committee
4. Approve the remuneration limit for
the Directors
SK CORP LTD (KRW) 10-Mar-06 AGM Vote For All Proposals 21,850
1. Approve the balance sheet and income
statement and statement of
appropriation of unappropriated
retained earnings
2.1 Elect Outside Director
2.2 Elect Outside Director
3. Approve the remuneration limit for the
Directors
SK TELECOM CO LTD (KRW) 10-Mar-06 AGM Vote For All except 7,860
1. Approve the financial statement Vote Against 2
Page 4 of 12
NOMURA ASSET MANAGEMENT USA INC.
PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2005 TO JUNE 30, 2006
KOREA EQUITY FUND (A/C 8148009)
COMPANY NAME MEETING DATE DETAILS VOTE CAST SHARES
2. Amend the Articles of Incorporation
3. Approve the remuneration limit for the
Directors
4.1 Elect Outside Director
4.2 Elect Outside Director
DAELIM INDUSTRIAL CO LTD (KRW) 17-Mar-06 AGM Vote For All Proposals 14,500
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2. Amend the Articles of Incorporation
3. Elect the Directors of the Company
4. Elect the External Directors
5. Approve the remuneration and bonus limit
for the Directors
GS ENGINEERING & CONSTRUCT CORP 17-Mar-06 AGM Vote For All Proposals 60,000
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2. Elect the Directors
3. Approve the remuneration limit for the
Directors
HANJIN HEAVY IND CO (KRW) 17-Mar-06 AGM Vote For All Proposals 98,130
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2. Elect the Directors
3. Elect the Members of the Auditors Committee
4. Approve the limit of remuneration for the
Directors
HYUNDAI DEPT. STORE CO (KRW) 17-Mar-06 AGM Vote For All Proposals 9,700
Page 5 of 12
NOMURA ASSET MANAGEMENT USA INC.
PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2005 TO JUNE 30, 2006
KOREA EQUITY FUND (A/C 8148009)
COMPANY NAME MEETING DATE DETAILS VOTE CAST SHARES
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2. Elect the Directors
3. Approve the remuneration limit for the
Directors
4. Approve the remuneration limit for the
Auditors
KOREA ELECTRIC POWER CO. (KRW) 17-Mar-06 AGM Vote For the Proposal 33,000
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
KT & G CORP (KRW) 17-Mar-06 AGM Vote For All except 21,500
PLEASE NOTE THAT ALTHOUGH THERE ARE 5 Vote Against 2.1,2.2,2.4, 3
CANDIDATES TO BE ELECTED AS DIRECTORS,
THERE ARE ONLY 2 VACANCIES AVAILABLE TO
BE FILLED AT THE MEETING. THE STANDING
INSTRUCTIONS FOR THIS MEETING WILL BE
DISABLED AND, IF YOU CHOOSE, YOU ARE
REQUIRED TO VOTE FOR ONLY 2 OF THE 5
DIRECTORS. THANK YOU.
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2.1 Elect Outside Director
2.2 Elect Outside Director
2.3 Elect Outside Director
2.4 Elect Outside Director
2.5 Elect Outside Director
3.1 Elect Outside Director/Auditor Committee
Member
3.2 Elect Outside Director/Auditor Committee
Member
3.3 Elect Outside Director/Auditor Committee
Member
Page 6 of 12
NOMURA ASSET MANAGEMENT USA INC.
PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2005 TO JUNE 30, 2006
KOREA EQUITY FUND (A/C 8148009)
COMPANY NAME MEETING DATE DETAILS VOTE CAST SHARES
3.4 Elect Outside Director/Auditor Committee
Member
4. Approve the remuneration limit for the
Directors
LG CORP (KRW) 17-Mar-06 AGM Vote For All Proposals 48,000
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2. Elect the Directors
3. Elect the Members of the Auditors Committee
4. Approve the remuneration limit for the
Directors
SHINHAN FINANCIAL GRP (KRW) 21-Mar-06 AGM Vote For All Proposals 48,500
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2. Amend the Articles of Incorporation
3.1 Elect Outside Director
3.2 Elect Outside Director
3.3 Elect Outside Director
3.4 Elect Outside Director
3.5 Elect Outside Director
3.6 Elect Outside Director
3.7 Elect Outside Director
3.8 Elect Outside Director
3.9 Elect Outside Director
3.10 Elect Outside Director
4.1 Elect Auditor
4.2 Elect Auditor
4.3 Elect Auditor
4.4 Elect Auditor
5. Approve the remuneration limit for the Directors
6. Approve the stock option for staff
Page 7 of 12
NOMURA ASSET MANAGEMENT USA INC.
PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2005 TO JUNE 30, 2006
KOREA EQUITY FUND (A/C 8148009)
COMPANY NAME MEETING DATE DETAILS VOTE CAST SHARES
HANA FINANCIAL GROUP (KRW) 24-Mar-06 AGM Vote For All Proposals 53,934
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2. Approve the statement of retained earning
3. Amend the Articles of Incorporation
4. Amend the conditions on Stock Purchase
Option
5.1 Elect the Directors
5.2 Elect Outside Director/Auditor Committee
Member
6. Approve the remuneration and bonus limit for
the Directors
INDUSTRIAL BK OF KOREA (KRW) 24-Mar-06 AGM Vote For All Proposals 40,000
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2. Amend the Articles of Incorporation
3. Approve the remuneration limit for the
Directors
4. Approve the remuneration limit for the
Auditors
KOOKMIN BANK (KRW) 24-Mar-06 AGM Vote For All except 42,408
1. Approve the balance sheet and income Vote Against 5, 6
statement and statement of appropriation
of unappropriated retained earnings
2. Amend the Articles of Incorporation
3. Elect the Directors
4. Elect Auditors
5. Approve the allowance of stock option
6. Approve the stock option
ORION CORP (KRW) 24-Mar-06 AGM Vote For All Proposals 7,000
Page 8 of 12
NOMURA ASSET MANAGEMENT USA INC.
PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2005 TO JUNE 30, 2006
KOREA EQUITY FUND (A/C 8148009)
COMPANY NAME MEETING DATE DETAILS VOTE CAST SHARES
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2. Elect the 2 Directors
3. Approve the remuneration limit for the
Directors
4. Approve the remuneration limit for the
Auditors
PLANTYNET CO LTD (KRW) 24-Mar-06 AGM Vote For All Proposals 38,000
1. Approve the balance sheet and income
statement and statement of appropriation of
unappropriated retained earnings
2. Amend the Articles of Incorporation
3. Elect the Directors
4. Approve the remuneration limit for the
Directors
WOONGJIN THINKBIG CO LTD (KRW) 24-Mar-06 AGM Vote For All Proposals 320,000
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2. Amend the Articles of Incorporation
3. Elect the Directors
4. Approve the remuneration limit for the
Directors
5. Approve the remuneration limit for the
Auditors
HYNIX SEMICONDUCTOR INC (KRW) 28-Mar-06 AGM Vote For All Proposals 76,000
1. Approve the balance sheet and income
statement and statement of appropriation of
unappropriated retained earnings
2. Amend the Articles of Incorporation
3. Elect the Directors
4. Elect Outside Director/Auditor Committee
Member
5. Approve the limit of remuneration for the
Directors
Page 9 of 12
NOMURA ASSET MANAGEMENT USA INC.
PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2005 TO JUNE 30, 2006
KOREA EQUITY FUND (A/C 8148009)
COMPANY NAME MEETING DATE DETAILS VOTE CAST SHARES
WOORI FINANCE HLDGS CO (KRW) 28-Mar-06 AGM Vote For All Proposals 50,000
PLEASE NOTE THAT THIS IS AN AMENDMENT TO
MEETING ID 283291 DUE TO ADDITION OF A
RESOLUTION. ALL VOTES RECEIVED ON THE
PREVIOUS MEETING WILL BE DISREGARDED AND
YOU WILL NEED TO RE-INSTRUCT ON THIS
MEETING NOTICE. THANK YOU.
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2.1 Elect Outside Director/Auditor Committee
Member
2.2 Elect Outside Director/Auditor Committee
Member
2.3 Elect Outside Director/Auditor Committee
Member
2.4 Elect Outside Director/Auditor Committee
Member
2.5 Elect Outside Director/Auditor Committee
Member
2.6 Elect Outside Director/Auditor Committee
Member
3. Approve the remuneration limit for the
Directors
KOREA EXCHANGE BANK (KRW) 29-Mar-06 AGM Vote For All Proposals 84,000
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2. Elect the Directors
3. Elect the Auditors
4. Approve to grant stock purchase options
for the staff
HYUNDAI ENG. & CONSTRUCTION (KRW) 30-Mar-06 AGM Vote For All Proposals 64,000
1. Approve the balance sheet and income
statement and statement of appropriation of
unappropriated retained earnings
2. Amend the Articles of Incorporation
3. Elect the Directors
4. Elect the Audit Committee Members
Page 10 of 12
NOMURA ASSET MANAGEMENT USA INC.
PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2005 TO JUNE 30, 2006
KOREA EQUITY FUND (A/C 8148009)
COMPANY NAME MEETING DATE DETAILS VOTE CAST SHARES
5. Approve the limit of remuneration
for the Directors
S-OIL CORP 30-Mar-06 AGM Vote For All Proposals 23,000
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2.1 Elect Outside Director/Auditor Committee
Member
2.2 Elect Outside Director/Auditor Committee
Member
3. Approve the remuneration limit for the
Directors
DAEWOO SECURITIES LTD (KRW) 26-May-06 AGM Vote For All Proposals 118,000
1. Approve the balance sheet and income
statement and statement of appropriation of
unappropriated retained earnings
2. Amend the Articles of Incorporation
3.1 Elect Outside Director
3.2 Elect Outside Director
4. Elect Auditor
5. Approve the stock option for registered
Directors
6. Approve the stock option for unregistered
Directors
7. Approve the limit of remuneration for the
Directors
DAISHIN SECURITIES (KRW) 26-May-06 AGM Vote For All Proposals 37,200
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2. Amend the Articles of Incorporation
3.1 Elect Director
3.2.1 Elect Outside Director
3.2.2 Elect Outside Director
3.3.1 Elect Outside Director/Auditor
3.3.2 Elect Outside Director/Auditor
4. Approve the limit of remuneration for the
Directors
Page 11 of 12
NOMURA ASSET MANAGEMENT USA INC.
PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2005 TO JUNE 30, 2006
KOREA EQUITY FUND (A/C 8148009)
COMPANY NAME MEETING DATE DETAILS VOTE CAST SHARES
SAMSUNG FIRE & MAR INS (KRW) 30-May-06 AGM Vote For All Proposals 13,500
1. Approve the balance sheet and income
statement and statement of appropriation
of unappropriated retained earnings
2. Amend the Articles of Incorporation
3.1 Elect Internal Director
3.2 Elect External Director
4.1 Elect External Director/Auditor
4.2 Elect External Director
5. Approve the remuneration limit for the
Directors
Page 12 of 12