SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
Dated June 23, 2004
REGISTRATION NO. 0-32359
MERIDIAN CO., LTD.
------------------------
4F, Heungseong Bldg., 197-3, Jamsil-Dong, Songpa-Gu, Seoul, Korea
--------------------------------------------------------------------
Company's telephone number: 82-2-2103-3300 Fax No.: 82-2-2103-3333
---------------- ----------------
[GRAPHIC OMITTED]
(Address of Principal Executive Offices)
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: |X| Form 40-F: |_|
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1):
Yes: |_| No: |X|
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7):
Yes: |_| No: |X|
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: |X|
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- __________
1
ITEM 1. CHANGE IN SECURITIES
At an extraordinary general meeting of shareholders of Meridian Co., Ltd.
(the "Company") on April 27, 2004, it was approved that the par value of the
common stock of the Company be reduced from 200 Korean Won per share (equivalent
to US$0.17 per share) to 100 Korean Won per share (equivalent to US$0.09 per
share). Nine shareholders representing 6,994,650 common shares (representing
36.5 % of the issued common shares) were present and they approved the par value
change by common assent.
The new par value was registered with the Korean registrar of companies on
June 1, 2004 and will be effective as of July 1, 2004.
Meridian further announces that the Company received funds of US$530,000.00 from
investors through equity financing whereby, on June 8, 2004, the Company issued
3,312,500 common shares of the Company to three investors at the price of
US$0.16 per share. The shares issued are restricted from trading for one year.
Following the issuance, the total number of issued and outstanding common shares
of the Company is 22,463,984.
2
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: June 18, 2004 MERIDIAN CO., LTD.
By: /s/ Name: Myoung, Hyeon-Seong
Title: President
3
End of Filing