1Q11 Business Report

Transcription

1 1Q11 Report I. Corporate Overview Affiliates As of end1q 2011, Group had a total of 71 domestic affiliates. Compared to end2010, four new affiliates (EXE Technoloies Korea, EXE C&T, S1 CRM, and SEnPol) were added, and one ( Gwanju Electronics) was excluded. Amon Group s 71 affiliates, 19 includin Electronics are listed, and 52 are unlisted. (As of March 31, 2011) No. of affiliates Listed Name of affiliates C&T, Cheil Industries, Electronics, SDI, Techwin, Life Insurance, SEMCO, Heavy Industries, Card, Hotel Shilla, Fire & Marine Insurance, Securities, S1, Fine Chemicals, Enineerin, imarket Korea, Cheil Worldwide, Credu, Ace Diitech Everland, Petrochemical, SDS, General Chemicals, Total Petrochemicals, Lions, SERI, STECO, Thales, SEMES, Livin Plaza, Cornin Precision Materials, SECRON, Seoul Commtech, Electronics Service, Electronics Loitech, Hantok Chemicals, Global Tech, CVnet Corporation, Care Camp, Allat Corp., e International, SECUI.com, Wealthia.com, Open Tide Korea, Futures, 365Homecare, Venture Investment Corporation, Asset Manaement, Saenbo, Claim Adjustment Service, Anycar Service, World Cyber Games, SLCD Corporation, SD Flex, SEHF Korea, Gemi Plus Distribution, LED, SB LiMotive, Mobile Display, Bluewins, HTSS, Bonavie, RAY, Sondo Land Mark City, SCore, GES, Open Hands, EXE C&T, EXE Technoloies Korea, S1 CRM, SEnPol Total 71 Refer to 1. Affiliates in III. Corporate Governance and Affiliates for more details about domestic and affiliates.

2 Subsidiaries Subject to Consolidated Financial Statements As of end1q 11, Electronics consolidated subsidiaries totaled 128 with two subsidiaries (Prosonic and Venture Capital Union #20) bein newly included and two ( Gwanju Electronics and Electronics Shenzhen) excluded compared to end Followin is the list of major subsidiaries. Subsidiaries ed in Major business End2010 asset Stake (Million won) Classified as major subsidiary Electronics America Sale of electronic oods 6,256,074 Over 50% O Receivables Corporation Bond manaement 964,793 Over 50% O Semiconductor Inc Sale of electronic oods 5,141,864 Over 50% O Electronics Canada Sale of electronic oods 289,651 Over 50% O Information Systems America R&D 64,061 Over 50% O International Inc CTV production 70,369 Over 50% O Mexicana S.A. de C.V Production of electronic 1,162,305 Over 50% O Telecommunications America Austin Semiconductor Electronics Mexico oods Sale of handsets and WiMAX Production of semiconductors Production and sale of electronic oods 1,612,442 Over 50% O 4,654,471 Over 50% O 998,084 Over 50% O SEMES America Semiconductor equipment 463 Over 50% X Electronics Latinoamerica Miami Electronics Latinoamerica (Zona Libre) Electronics Venezuela Sale of IT and telecom products 89,982 Over 50% O Sale of electronic oods 167,622 Over 50% O Sale of electronic oods and marketin 8,103 Over 50% X Electronica Columbia Sale of electronic oods 180,532 Over 50% O Electronica da Amazonia Production and sale of electronic oods 2,209,641 Over 50% O Electronics Arentina Marketin and services 28,950 Over 50% X Electronics Chile Sale of electronic oods 213,467 Over 50% O Electronics Peru Sale of electronic oods 119,769 Over 50% O Electronics (UK) Sale of electronic oods 1,061,598 Over 50% O Electronics(London) Co. Ltd Telecoms(UK) Holdin company (Liquidation underway) Sale of electronic oods (Liquidation underway) 8,249 Over 50% X 27,609 Over 50% X Electronics Holdin Holdin company 704,367 Over 50% O Semiconductor Europe Sale of semiconductors and GmbH LCD 1,666,748 Over 50% O Electronics GmbH Sale of electronic oods 744,183 Over 50% O Optoelectronics Gmbh Sale of electronic oods 11,557 Over 50% X Electronics Iberia, S.A.U Sale of electronic oods 711,986 Over 50% O

3 Electronics France Sale of electronic oods and marketin 1,126,086 Over 50% O Electronics Hunarian Production and sale of electronic oods 1,509,971 Over 50% O Electronics Czech and Slovak Sale of electronic oods 99,254 Over 50% O Electronics Italia Sale of electronic oods 879,776 Over 50% O Electronics Europe Loistics Loistics 1,045,826 Over 50% O Electronics Benelux Sale of electronic oods 730,016 Over 50% O Electronics LCD Slovakia TFTLCD processin 351,417 Over 50% O Electronics Romania Marketin 74,975 Over 50% O Liquavista B.V R&D 21,792 Over 50% X Liquavista (UK) Limited R&D 507 Over 50% X Liquavista (HK) Limited R&D 541 Over 50% X Electronics Overseas Sale of electronic oods 203,888 Over 50% O Electronics Poland Sale of electronic oods 381,350 Over 50% O Electronica Portuuesa Sale of electronic oods 154,398 Over 50% O Electronics Nordic Aktiebola Sale of electronic oods 325,310 Over 50% O Semiconductor Europe Sale of semiconductor and LTD LCD 159,319 Over 50% O Electronics Austria GmbH Sale of electronic oods 236,413 Over 50% O Electronics Slovakia Production of CTV and monitors 1,428,847 Over 50% O Electronics Europe Holdin Cooperatief U.A Holdin company 589,734 Over 50% O Electronics Poland Manufacturin Production of electronic oods 202,586 Over 50% O Electronics Greece Sale of electronic oods 41,078 Over 50% X Electronics West Africa Holdin company 21,875 Over 50% X Gulf Electronics Sale of electronic oods 196,587 Over 50% O Electronics South Africa Sale of electronic oods 437,583 Over 50% O Electronics Turkey Semiconductor Israel R&D Center Sale of electronic oods and marketin 340,442 Over 50% O R&D 8,871 Over 50% X Electronics Levant Marketin 3,092 Over 50% X Electronics Morocco SARLAU Sale of electronic oods 108,382 Over 50% O Electronics Russia Marketin 13,256 Over 50% X Electronics Rus Company Sale of electronic oods 1,534,029 Over 50% O Electronics Ukraine Marketin 892 Over 50% X Electronics Baltics Sale of electronic oods 53,987 Over 50% O Electronics Ukraine Company Sale of electronic oods 227,660 Over 50% O Electronics Kazakhstan Marketin 886 Over 50% X Electronics KZ and Central Asia Sale of electronic oods 82,657 Over 50% O

4 Electronics Rus Kalua Production of CTV 868,331 Over 50% O Russia Service Company Services 29,864 Over 50% X Japan Corporation Sale of electronic oods 2,513,190 Over 50% O Yokohama Research Institute R&D 198,700 Over 50% O Telecommunications Japan Electronics Display (M) Sdn Bhd Electronics Malaysia Sale of telecom systems and services Production and sale of electronic oods Production of home appliances 363,720 Over 50% O 814,898 Over 50% O 243,085 Over 50% O Vina Electronics Production of CTV 121,072 Over 50% O Asia Pte. Ltd Sale of electronic oods 936,784 Over 50% O India Electronics Production and sale of electronic oods 959,651 Over 50% O India Software Operations R&D 89,947 Over 50% O Electronics Australia Sale of electronic oods 479,580 Over 50% O Electronics Indonesia Telecommunications Indonesia Thai Electronics Production and sale of electronic oods Sale of telecom systems and services Production and sale of electronic oods 482,932 Over 50% O 21,169 Over 50% X 923,598 Over 50% O Electronics Philippines Sale of electronic oods 89,527 Over 50% O Electronics Philippines Manufacturin ODD production 344,031 Over 50% O Batino Realty Corporation Real estate manaement 4,925 Hold a controllin stake (39.8%) Malaysia Electronics Sale of electronic oods 489,344 Over 50% O Electronics Asia Holdin Pte. Ltd. Electronics Banladeshi Research Center Electronics Vietnam Telecommunications Malaysia Donuan Mobile Display Holdin company 672,761 Over 50% O R&D 2,699 Over 50% X Production of electronic oods X 649,439 Over 50% O Telecom system services 16,762 Over 50% X TFTLCD production 257,010 Hold a controllin stake (47.5%) Tianjin Mobile Display TFTLCD production 237,716 Over 50% O Electronics Hon Kon Sale of electronic oods 947,935 Over 50% O Suzhou Electronics Production of home appliances 605,353 Over 50% O Suzhou Electronics Production of home Export appliances 261,816 Over 50% O (China) Investment Co.,Ltd Sale of electronic oods 2,186,632 Over 50% O O

5 Guanzhou Mobile R&D Center Tianjin Mobile Development Center Electronics Suzhou Semiconductor R&D 24,723 Over 50% X R&D 5,219 Over 50% X Semiconductor processin 618,680 Over 50% O Electronics (Shandon) Diital Printin Production of printers 577,795 Over 50% O Electronics Huizhou Production of electronic oods 1,597,968 Over 50% O Tianjin Electronics Production of electronic oods 222,351 Over 50% O Electronics Taiwan Sale of electronic oods 1,873,211 Over 50% O Beijin Telecom R&D Center R&D 19,070 Over 50% X Tianjin Telecom Technoloy Handset production 1,171,847 Over 50% O Shanhai Semiconductor Sale of semiconductor and LCD 1,528,253 Over 50% O Electronics Suzhou Production and sale of note Computer PCs 1,344,189 Over 50% O Electronics Suzhou LCD TFTLCD processin 473,071 Over 50% O Shenzhen Kejian Mobile Telecommunication Technoloy electronics Shanhai Telecommunication Semiconductor (China) R&D Electronics China R&D Center Electronics Hainan Fiberoptics Electronics (Beijin) Service Company Tianjin OptoElectronics Co., Ltd Handset production 270,197 Over 50% O Sale of telecom and network products 15,858 Over 50% X R&D 12,831 Over 50% X R&D 5,681 Over 50% X Fiber optic/cable production 72,556 Over 50% O Services 61,707 Over 50% O Production of camera/camcorder 271,986 Over 50% O World Cyber Games Game tournaments 1,385 Over 50% X Prosonic Mobile Display Medical sonoraphy manufacturin Manufacturin and sale of TFTLCD/AMOLED 24,925 Over 50% X 4,337,385 Hold a controllin stake (50%) STECO TAB, EDS 91,646 Over 50% O SEMES Semiconductor/FPD manufacturin equipment O 414,610 Over 50% O SECRON Semiconductor equipment 75,449 Over 50% O Electronics Service SLCD Corporation Electronics oods repair services Manufacturin and sale of TFTLCD 214,603 Over 50% O 5,829,142 Over 50% O Livin Plaza Sale of electronic oods 382,012 Over 50% O

6 SEHF Korea Optic cable, camera module 138,162 Over 50% O Electronics Loitech Total loistic services 190,758 Over 50% O Bluewins Team and ame sponsorship 4,511 Over 50% X GES Semiconductor equipment 11,655 Over 50% X RAY Dental CT 5,514 Over 50% X Venture Capital Union #6 Venture Capital Union #7 Venture Capital Union #14 Venture Capital Union # Investment in venture firms and new technoloies Investment in venture firms and new technoloies Investment in venture firms and new technoloies Investment in venture firms and new technoloies 99,629 Over 50% O 12,248 Over 50% X 86,096 Over 50% O Over 50% X Companies whose total assets were KRW50 billion or more at end2010 are classified as major subsidiaries. Total Number of Shares, etc. 1. Total number of shares ( As of March 31, 2011) (Unit: # of Share) Classification Type of shares Common Preferred Total Note I. No. of authorized shares 400,000, ,000, ,000,000 II. No. of shares issued 155,609,337 23,893, ,502,764 III. No. of shares decreased 8,310,000 1,060,000 9,370, Capital reduction 2. Share cancellation 8,310,000 1,060,000 9,370,000 Treasury share cancellation 3. Redemption of redeemable shares 4. Others IV. No. of shares issued (IIIII) 147,299,337 22,833, ,132,764 V. Treasury shares 17,163,853 2,979,693 20,143,546 VI. No. of shares outstandin (IVV) 130,135,484 19,853, ,989,218

7 2. Treasury shares In 1Q 2011, Electronics distributed 292,407 common shares in relation to the exercise of stock options of current and former manaement and employees as well as the merer with Gwanju Electronics. 234,411 common treasury shares were distributed in relation to the exercise of stock options, and 57,996 treasury shares were distributed in return for the merer with Gwanju Electronics. As of end1q11, Electronics held 17,163,853 common treasury shares and 2,979,693 preferred treasury shares. (As of March 31, 2011) (Share) Method of acquisition Type of share No. of shares at periodbeinnin Acquisition (+) Chane Disposal () Cancellation () No. of shares at periodend Acquisition on the exchane Common 17,456, ,407 17,163,853 Preferred 2,979,693 2,979,693 Acquisition under the Financial Investment Services and Capital Markets Act Direct acquisition Acquisition under trust contracts TOB Exercise of appraisal riht Subtotal (a) Shares held by trustee Shares in kind Common Preferred Common Preferred Common 17,456, ,407 17,163,853 Preferred 2,979,693 2,979,693 Common Preferred Common Preferred Subtotal (b) Common Preferred Other acquisitions (c) Common Preferred Total (a+b+c) Common 17,456, ,407 17,163,853 Preferred 2,979,693 2,979,693

8 Votin Shares Electronics issued 147,299,337 common shares, which is 29.5% of authorized shares. The company issued 22,833,427 preferred shares. 17,163,853 common treasury shares held by the company and preferred shares do not have votin rihts. 12,506,577 shares have limited votin rihts under relevant laws. Thus, the number of shares with votin rihts is 117,628,907. ( As of March 31, 2011) Outstandin shares (A) Shares without votin rihts (B) Shares with limited votin rihts under relevant laws (C) (Share) No. of shares Note Common 147,299,337 Preferred 22,833,427 Common 17,163,853 Article 3692 of the Commercial Act "Treasury Shares" Preferred 22,833,427 Article 370 of the Commercial Act "Preferred Shares" Restricted by the Monopoly Reulation and Fair Trade Act: 10,622,814 shares held by Life Insurance, 1,856, Common 12,506, shares held by Fire & Marine Insurance / Restricted by the Insurance Act: 27,393 shares held by special account of Life Insurance Preferred Shares with votin rihts revived (D) Shares with votin rihts (E=ABC+D) Common Preferred Common 117,628,907 Preferred Votin rihts on aendas excludin appointment and dismissal of board members, revision of the Articles of Incorporation, and merer/business transfer. Amon shares for which votin rihts are restricted by relevant laws, some of 12,497,184 shares (10,622,814 shares held by Life Insurance s proprietary account and 1,856,370 shares held by Fire & Marine Insurance) whose votin rihts are restricted by the Monopoly Reulation and Fair Trade Act can exercise votin rihts in relation to appointment and dismissal of board members, revision of the Articles of Incorporation, etc.

9 Dividend Dividends paid out in the recent three fiscal years 1Q Par value per share (won) 5,000 5,000 5,000 Net profit (million won) 2,197,639 13,236,461 6,208,140 EPS (won) 14,381 88,799 42,137 Total cash dividend (million won) 1,496,540 1,185,438 Total stock dividend (million won) Dividend payout ratio (%) Cash dividend yield (%) Common Preferred Stock dividend yield (%) Common Preferred Cash dividend per share (won) Common 10,000 8,000 Preferred 10,050 8,050 Stock dividend per share (share) Common Preferred Based on individual financial statements EPS denotes to basic EPS. For information about calculation of basic EPS, refer to notes of 1Q2011 audited financial statements.

10 II. Operation Summary of Financials by Division Cateory Set Components Busine ss Diital Media Teleco m Total Semiconduc tor LCD Total Classification 1Q Q Amount Portion Amount Portion Amount Portion Amount Portion Total sales 30,730, % 28,742, % 133,572, % 114,328, % Internal sales 17,205, % 15,910, % 75,185, % 63,066, % Net sales 13,524, % 12,832, % 58,387, % 52,362, % Operatin profit 103, % 527, % 429, % 3,097, % Total Asset 42,942, % 41,915, % 43,515, % 42,605, % Total sales 20,722, % 18,063, % 80,373, % 72,748, % Internal sales 10,085, % 9,104, % 40,303, % 35,157, % Net sales 10,636, % 8,959, % 40,069, % 36,490, % Operatin profit 1,433, % 1,096, % 4,302, % 4,053, % Total Asset 34,301, % 33,017, % 34,365, % 31,882, % Total sales 51,645, % 47,037, % 214,945, % 207,745, % Internal sales 27,388, % 25,101, % 115,898, % 116,486, % Net sales 24,256, % 21,936, % 99,046, % 91,258, % Operatin profit 1,542, % 1,606, % 4,879, % 7,162, % Total Asset 90,983, % 87,434, % 89,076, % 78,804, % Total sales 17,514, % 15,847, % 72,806, % 54,813, % Internal sales 8,338, % 7,642, % 35,167, % 28,005, % Net sales 9,175, % 8,204, % 37,638, % 26,807, % Operatin profit 1,644, % 1,995, % 10,110, % 2,058, % Total Asset 58,679, % 47,136, % 55,583, % 45,458, % Total sales 13,053, % 14,498, % 62,162, % 55,279, % Internal sales 6,540, % 7,648, % 32,242, % 29,442, % Net sales 6,513, % 6,850, % 29,919, % 25,836, % Operatin profit 229, % 491, % 1,991, % 1,707, % Total Asset 31,257, % 26,496, % 31,547, % 30,959, % Total sales 30,424, % 30,224, % 134,384, % 110,092, % Internal sales 14,924, % 15,310, % 32.60% 31.20% Net sales 15,500, % 14,914, % 66,838, % 52,644, % Operatin profit 1,415, % 2,443, % 12,089, % 3,602, % Total Asset 93,530, % 77,319, % 88,118, % 76,543, % Data related to business divisions in 2009 and 2010 were adjusted accordin to the classification of business divisions in 1Q 2011 (on a consolidated basis). Net sales include internal sales of the head office and subsidiaries subject to consolidated financial statements.

11 Capex 2011 capex is planned at about KRW23 trillion on a consolidated basis, which includes KRW10.3 trillion in semiconductor business (KRW5.8 trillion in memory and KRW4.2 trillion in System LSI), KRW3.8 trillion in LCD business, KRW5.4 trillion in SMD, etc. 1Q11 capex by business cateory and division Cateory Purpose Period Set Components Others DM Telecom Semiconductor LCD ment, addition, uprade ment, addition, uprade ment, addition, uprade ment, addition, uprade Others Jan '11 Mar '11 Jan '11 Mar '11 Investment in Buildins, facilities Buildins, facilities Effect (100 million won) Amount Capacity addition 4,326 Capacity addition 828 Total 5,876 Jan '11 Mar '11 Jan '11 Mar '11 Buildins, facilities Buildins, facilities Capacity addition 33,535 Capacity addition 14,730 Total 48,285 Jan '11 Buildins, Mar etc. '11 11,114 Total 55,275 Major Customers As of 1Q2011, major customers included Apple, Sony, HP, Dell, and Best Buy. In 1Q2011, the portion of sales to Apple was 5.8% (semiconductor products, LCD panels, etc.), Sony was 4.0% (LCD panels, etc.), HP 1.9% (semiconductor products, LCD panels, etc.), Dell 1.7% (semiconductor products, LCD panels, etc.), and Best Buy 1.9% (set products).

12 III. Corporate Governance and Affiliates Affiliates 1. Names of the Group and Affiliates The name of the roup: As of end1q 2011, Group had 71 domestic affiliates. Electronics and 18 affiliates are listed, and the remainin 52 are unlisted. (As of March 31, 2011) No. of affiliates Listed Total 71 Name of affiliates C&T, Cheil Industries, Electronics, SDI, Techwin, Life Insurance, SEMCO, Heavy Industries, Card, Hotel Shilla, Fire & Marine Insurance, Securities, S1, Fine Chemicals, Enineerin, imarket Korea, Cheil Worldwide, Credu, Ace Diitech Everland, Petrochemical, SDS, General Chemicals, Total Petrochemicals, Lions, SERI, STECO, Thales, SEMES, Livin Plaza, Cornin Precision Materials, SECRON, Seoul Commtech, Electronics Service, Electronics Loitech, Hantok Chemicals, Global Tech, CVnet Corporation, Care Camp, Allat Corp., e International, SECUI.com, Wealthia.com, Open Tide Korea, Futures, 365Homecare, Venture Investment Corporation, Asset Manaement, Saenbo, Claim Adjustment Service, Abycar Service, World Cyber Games, SLCD Corporation, SD Flex, SEHF Korea, Gemi Plus Distribution, LED, SB LiMotive, Mobile Display, Bluewins, HTSS, Bonavie, RAY, Sondo Land Mark City, SCore, GES, Open Hands, EXE C&T, EXE Technoloies Korea, S1 CRM, SEnPol

13 2. StakeHoldins amon Affiliates and Subsidiaries [Domestic] (As of March 31, 2011) C&T C&T Cheil Ind. SEC Sams un SDI SEMCO Heavy Ind. Techwin Investee Hotel Shilla Enineerin (%, based on common shares) Cheil Worldwide Samsu n Fine Chemicals S1 SDS Everland Cheil Ind SEC SDI Cornin Precision Materials SEMCO Everland Heavy Ind. Techwin Enineerin Cheil Worldwide 0.1 Investor Fine Chemicals General Chemicals Hotel Shilla 2.2 S1 SERI SDS Life Insurance Fire & Marine Insurance Securities Card Seoul Commtech Wealthia.co m

14 EXE C&T Electronics Hainan Fiber Optics Venture Capital Union #6 Total Investee General Chemicals Total Petrochem. Petrochem. Hantok Chemical s Lions SER I STEC O SEME S Seoul Commtec h Electronic s Service World Cyber Game s SECRO N Livin Plaza Blue Wins C&T Cheil Ind SEC SDI Cornin Precision Materials SEMCO Everland 2 Heavy Ind. 1 Techwin 26.5 Enineerin Cheil Worldwide Investor Fine Chemicals General Chemicals 50 Hotel Shilla S1 SERI SDS Life Insurance 14.8 Fire & Marine Insurance Securities Card

15 Seoul Commtech Wealthia.co m EXE C&T Electronics Hainan Fiber Optics Venture Capital Union #6 Total Investee Electronics Loitech LED S LCD Corp. SEHF Korea RAY GES Thales Cornin Precision Materials Global Tech Cvnet Care Camp Sondo Land Mark City SD Flex Ace Diitech C&T Cheil Ind SEC SDI Cornin Precision Materials 51 SEMCO 50 Everland Heavy Ind. Techwin 50 Enineerin Investor Cheil Worldwide Fine Chemicals General Chemicals Hotel Shilla S1 SERI SDS Life Insurance 0 0 Fire & Marine Insurance

16 Securities Card Seoul Commtech 9.4 Wealthia.com EXE C&T Electronics Hainan Fiber Optics 100 Venture Capital Union # Total C&T Gemi Plus Distri butio n SB LiM otiv e Sam sun Mo bile Dis play SEC UI. com HT SS S1 CRM SEnPol e International Investee Wealthia.c om Open Tide Korea S Core Open Hands Bona vie Credu EXE C&T Cheil Ind. 100 SEC 64.4 SDI Cornin Precision Materials SEMCO 11.3 Everland Heavy Ind. Techwin Investor Enineerin Cheil Worldwide 10.4 Fine Chemicals 100 General Chemicals Hotel Shilla 100 S SERI SDS Life Insurance 0

17 Fire & Marine Insurance Securities Card Seoul Commtech Wealthia.c om EXE C&T Electronics Hainan Fiber Optics Venture Capital Union #6 Total Investee EXE Technoloie s Korea imarke t Korea Life Insuranc e Saenb o 365 Home care Futures Asset Manaement Fire & Marine Insuranc e Claim Adjustment Service Anyca r Servic e Securitie s Card Allat Corp. Venture Investment Corp. C&T Cheil Ind. 2.8 SEC SDI Cornin Precision Materials 3.9 SEMCO Everland Heavy Ind Investor Techwin Enineerin Cheil Worldwide 0.2 Fine Chemicals 0.5 General Chemicals Hotel Shilla S SERI

18 SDS Life Insurance Fire & Marine Insurance Securities Card Seoul Commtech Wealthia.co m 14.4 EXE C&T 80.7 Electronics Hainan Fiber Optics Venture Capital Union #6 Total [Overseas] (As of March 31, 2011) (%, based on common shares) Investor Investee Stake C&T Posco Suzhou Processin Center Co. Ltd 50 C&T Shunde Shenpu Processin Center Co. Ltd 51.6 C&T Canada Trade Group Inc C&T Cheil Holdin Inc. 40 C&T Donuan Steel Center 70 C&T Erdsam Co., Ltd. 100 C&T KSI LLP 25 C&T LOBINAVE Estaleiro Naval do Lobito, Limitada 40 C&T Malaysia Steel Center 70 C&T Myodo Metal CO., LTD. 100 C&T P.T. Development 100 C&T POSSSLPC, s.r.o 50 C&T QSSC, S.A. de C.V. 60 C&T S&G Biofuel PTE.LTD 50.5 C&T SAM investment Manzanilo.B.V 100 C&T Oil & Gas Australia PT 100 C&T Asia Private Ltd. 30 C&T C&T America Inc. 100 C&T C&T Chile Copper SpA 100 C&T C&T Corporation Saudi Arabia 100

19 C&T C&T Deutchland GmbH 100 C&T C&T France S.A.S 100 C&T C&T Hon Kon Ltd. 100 C&T C&T India Pte., Ltd. 100 C&T C&T Italia S.A.R.L 100 C&T C&T Malaysia SDN. BHD 100 C&T C&T Sinapore Pte. Ltd 100 C&T C&T Taiwan Co., Ltd. 100 C&T C&T Thailand Co., Ltd 44 C&T Chemtech 51.7 C&T Const. Co. Phils.,Inc. 25 C&T Corporation Rus LLC 100 C&T Desin Philippines Inc 100 C&T Development (Thailand) 100 C&T E&C (Shanhai) Co.,Ltd 100 C&T E&C America, INC 100 C&T Enineerin & Construction(M) SDN.BHD. 100 C&T Finance Corporation. 80 C&T Japan Co., Ltd. 49 C&T Nieria Co., Ltd C&T Oil & Gas USA Corp 90 C&T Oil & Gas(Timor Sea 06102) Ltd. 100 C&T Precision Stainless Steel Co.,Ltd. 55 C&T Renewable Enery Inc. 100 C&T SDI (Hon Kon) Ltd. 2.4 C&T SDI (Malaysia) SDN. BH 6.4 C&T SDI America, Inc. 8.3 C&T SDI Brasil Ltda. 0 C&T Tradin PLC. 100 C&T SCNT Power Norte S. de R.L. de C.V. 100 C&T Xiod Distribution 25 C&T America Inc. Meadowland Distribution 100 C&T America Inc. QSSC, S.A. de C.V. 20 C&T America Inc. Finance Corporation. 20 C&T America Inc. Green repower, LLC 100 C&T America Inc. Oil & Gas USA Corp 10 C&T America Inc. Solar Construction Inc 100 C&T America Inc. Web2Zone., Inc. 100 Renewable Enery Inc. Grand Renewable Wind GP Inc. 50 Renewable Enery Inc. Grand Renewable Wind LP Inc. 50 Renewable Enery Inc. South Kent Wind GP Inc. 50 Renewable Enery Inc. South Kent Wind LP Inc. 50 Renewable Enery Inc. SP Ontario Wind Development GP 50 Renewable Enery Inc. SP Ontario Wind Development LP 50 Renewable Enery Inc. SRE Wind GP Holdin Inc. 100 Green repower, LLC Solar Projects Solutions LLC 69 SP Ontario Wind Development GP SP Ontario Wind Development LP 0 South Kent Wind GP Inc. South Kent Wind LP Inc. 0 Grand Renewable Wind GP Inc. Grand Renewable Wind LP Inc. 0

20 C&T Deutchland GmbH KSI LLP 25 C&T Deutchland GmbH POSSSLPC, s.r.o 20 C&T Deutchland GmbH S.C. Otelinox S.A 94.3 C&T Deutchland GmbH C&T Italia S.A.R.L 100 C&T Italia S.A.R.L Nieria Co., Ltd. 0.1 C&T Italia S.A.R.L SOLECO S.A 65 C&T Italia S.A.R.L Xiod Distribution 75 C&T France S.A.S Comptoir Des Produits Inoxydables S.A.S SAM investment Manzanilo.B.V Terminal KMS de GNL S. de R.L de C.V 37.5 Enineerin & Construction SS KUKDONG JASATERA J/V 70 Cheil Holdin Inc. Const. Co. Phils.,Inc. 75 C&T Sinapore Pte. Ltd Malaysia Steel Center 30 C&T Sinapore Pte. Ltd S&G Biofuel PTE.LTD 12.6 C&T Sinapore Pte. Ltd C&T Corporation Hanoi 40 C&T Sinapore Pte. Ltd Chemtech 48.3 S&G Biofuel PTE.LTD PT. Gandaerah Hendana 95 S&G Biofuel PTE.LTD PT. Inecda 95 C&T Hon Kon Ltd. Tradin (Shanhai Pu Don New Area) Co.,Ltd. 100 C&T Hon Kon Ltd. Tradin (Shenzhen) Co.,Ltd. 100 C&T Hon Kon Ltd. Posco Suzhou Processin Center Co. Ltd 20 C&T Hon Kon Ltd. Tianjin International Trade Co. Ltd 100 C&T Hon Kon Ltd. Donuan Steel Center Co., Ltd. 30 C&T Hon Kon Ltd. Enterprise Co., Ltd. 100 C&T Hon Kon Ltd. Karson Industrial Co., Ltd. 100 C&T Hon Kon Ltd. (China) Loistics Ltd. 100 C&T Hon Kon Ltd. C&T Thailand Co., Ltd 13.2 C&T Hon Kon Ltd. Corporation (Gaunzhou) Limited. 100 (China) Loistics Ltd. Donuan Shenzhen Co., Ltd. 100 (China) Loistics Ltd. Shenzhen Shippin Container Line Co., Ltd. 100 (China) Loistics Ltd. C&T Corporation Hanoi 11 (China) Loistics Ltd. Loistics (Tianjin) Ltd 100 S.C. Otelinox S.A Comptoir Des Produits Inoxydables S.A.S Electronics Tianjin OptoElectronics 82 Electronics PT Electronics Indonesia 100 Electronics (China) Investment Co., Ltd 100 Electronics Asia Private Ltd. 70 Electronics Electronic Philippine Manufacturin Corp. 100 Electronics Electronic Shanhai Telecommunications Co., Ltd. 100 Electronics Electronica Da Amazonia LTDA. 87 Electronics Electronics (UK) Ltd. 100 Electronics Electronics America Inc. 100 Electronics Electronics Arentina S.A. 98 Electronics Electronics Asia Holdin Pte. Ltd. 100 Electronics Electronics Australia Pty. Ltd. 100 Electronics Electronics Austria Gmbh 100 Electronics Electronics Benelux B.V. 100 Electronics Electronics Canada Inc. 100 Electronics Electronics Chile Limitada(Ltda) 4.1

21 Electronics Electronics Diital Printin 87.1 Electronics Electronics Display (M) SDN.OMD.(HSD) 75 Electronics Electronics Europe Loistics B.V. 100 Electronics Electronics European Holdin 100 Electronics Electronics France S.A.S 100 Electronics Electronics Hainan Fiberoptics Co., Ltd 100 Electronics Electronics Holdin GmbH 100 Electronics Electronics Hon Kon Co., Ltd. 100 Electronics Electronics Huizhou Co., Ltd Electronics Electronics Hunarian RT. 100 Electronics Electronics Iberia, S.A. 100 Electronics Electronics Italia S.P.A. 100 Electronics Electronics Latin America Panama (Zona Libre) S.A. 100 Electronics Electronics LCD Slovakia s.r.o. 0 Electronics Electronics Ltd.(previously SEUK) 100 Electronics Electronics Malaysia SDN.BHD. 100 Electronics Electronics Mexico S.A 63.6 Electronics Electronics Nordic Aktiebola 100 Electronics Electronics Overseas B.V. 100 Electronics Electronics Polska, SP.Zo.O 100 Electronics Electronics Portuuesa S.A. 100 Electronics Electronics RUS Co. 100 Electronics Electronics Rus Kalua 100 Electronics Electronics Slovakia s.r.o 55.7 Electronics Electronics South Africa (Pty) Ltd. 100 Electronics Electronics Suzhou Computer Co.,Lcd 73.7 Electronics Electronics Suzhou LCD Co.,Lcd 100 Electronics Electronics Suzhou Semiconductor Co., Ltd. 100 Electronics Electronics Taiwan Co., Ltd. 100 Electronics Gulf Electronics Co., Ltd. 100 Electronics India Electronics Private. LTD 100 Electronics India Software Operations Pvt. Ltd. 100 Electronics Japan Co., Ltd. 51 Electronics Malaysia Electronics (SME) SDN. BHD. 100 Electronics OptoElectronics GmbH 100 Electronics Russia Service Center 100 Electronics SDI Brasil Ltda. 0.1 Electronics Semiconductor China R&D.,Ltd. 100 Electronics Vina Electronics Co., Ltd. 80 Electronics Yokohama Research Institute 100 Electronics Shanhai Semiconductor Co., Ltd. 100 Electronics Shenzhen Kejian Mobile Telecom. Tech. Co., Ltd. 60 Electronics Suzhou Electronics Co., Ltd 69.1 Electronics Thai Electronics Co. Ltd Electronics Tianjin Electronics Co., Ltd Electronics Tianjin Telecom Technoloy Co., Ltd. 90 SEMES SEMES America,Inc.(previously KDNSA) 100 Medison Medison America Inc. 100 Medison Medison Do Brazil Ltda 100

22 Medison Medison Europe B.V. 100 Medison Medison France SAS 100 Medison Medison Italy SRL 100 Medison Medison Japan Co., Ltd 100 Medison Medison Medical Equipment 100 Medison Medison Systems India Priv 100 Medison Medison(Shanhai)Co.Ltd. 100 Medison Shanhai Medison Medical Instr 97.7 Medison SonAce Deutschland GmbH 100 Electronics America In Information Systems America Inc. 100 Electronics America In International Inc. 100 Electronics America In Receivables Corporation 50.8 Electronics America In Semiconductor Inc. 100 Electronics America In Telecommunications America Limited Liability Company 100 Semiconductor Inc. Austin Semiconductor LLC. 100 International Inc. Mexicana S.A. De C.V. 100 Telecommunications Ame Receivables Corporation 49.2 Electronics (UK) Ltd. Semiconductor Europe Limited 100 Electronics (UK) Ltd. Telecoms (UK) Ltd. 100 Electronics Holdin Gm Electronics GmbH 100 Electronics Holdin Gm Semiconductor Europe GmbH 100 Electronics Hunarian Electronics Czech and 30 Electronics Hunarian Electronics Slovakia s.r.o 44.3 Electronics Benelux B. Electronica Da Amazonia LTDA. 13 Electronics Benelux B. Electronice West Africa 100 Electronics Benelux B. Electronics Baltics 100 Electronics Benelux B. Electronics Chile Limitada(Ltda) 95.9 Electronics Benelux B. Electronics de Venezuela C.A 100 Electronics Benelux B. Electronics Kazakhstan 100 Electronics Benelux B. Electronics KZ And Central Asia LLP 100 Electronics Benelux B. Electronics LCD Slovakia s.r.o. 100 Electronics Benelux B. Electronics Levant Co.,Ltd 100 Electronics Benelux B. Electronics Mexico S.A. De C.V Electronics Benelux B. Electronics Morocco Co. Ltd 100 Electronics Benelux B. Electronics Peru 100 Electronics Benelux B. Electronics Rus 100 Electronics Benelux B. Electronics Turkey 100 Electronics Benelux B. Electronics Ukraine 100 Electronics Benelux B. Electronics Ukraine Company 100 Electronics Benelux B. Semiconductor Israel R&D Center,Ltd. 100 Electronics European H Electronics Czech and Slovak s.r.o. 70 Electronics European H Electronics Greece S.A 100 Electronics European H Electronics Poland Manufacturin Sp.Zoo 100 Electronics European H Electronics Romania L 100 Electronics European H LCD Netherlands R&D Center 100 LCD Netherlands R&D Center LCD Netherlands R&D Center (HK) 100

23 LCD Netherlands R&D Center LCD Netherlands R&D Center (UK) 100 Electronics Display (M Tianjin Electronics Co 2.2 PT Electronics Indone P.T. Telecommunications Indonesia 99 Electronic Philippine Batino Realty Corp Electronics Asia Holdi e Greater China Co., Ltd Electronics Asia Holdi Banladesh R&D Center 100 Electronics Asia Holdi ElectroMechanics Thailand Co., Ltd. 25 Electronics Asia Holdi Electronics Display (M) SDN.OMD.(HSD) 25 Electronics Asia Holdi Electronics Philippines Corporation (previously SMC) 100 Electronics Asia Holdi Electronics Vietnam Company Ltd. 100 Electronics Asia Holdi SDI (Malaysia) SDN. BHD. 25 Electronics Asia Holdi Telecommunications Japan Co. 100 Electronics Asia Holdi Telecommunications Malaysia 100 Electronics Hon Kon e Greater China Co., Ltd Suzhou Electronics Co Suzhou Electronics Export Co.,Ltd. 100 (China) Investment Co. Tianjin OptoElectronics 8 (China) Investment Co. Beijin Telecom. R&D Center. 100 (China) Investment Co. Electronics Beijin Service Co., Ltd. 100 (China) Investment Co. Electronics China R&D Center 100 (China) Investment Co. Electronics Diital Printin 12.9 (China) Investment Co. Electronics Huizhou Co., Ltd (China) Investment Co. Electronics Suzhou Computer Co.,Ltd (China) Investment Co. Guanzhou Mobile R&D C 100 (China) Investment Co. Tianjin Mobile Develop 100 (China) Investment Co. Suzhou Electronics Co., Ltd (China) Investment Co. Tianjin Electronics Co., Ltd Electronics Latin Amer Electronica Columbia 100 Electronics Latin Amer Electronics Latino America Miami, Inc. 100 Electronica Da Amazoni Electronics Arentina S.A. 2 SDI SDI (Hon Kon) Ltd SDI SDI (Malaysia) SDN. BHD SDI SDI America, Inc SDI SDI Brasil Ltda. 4 SDI SDI Germany GmbH. 100 SDI SDI Hunary Rt. 100 SDI SDI Vietnam Co., LTD. 100 SDI SSH Limited. (previously Shum Yip Tamy Ltd.) 40 SB LiMotive Cobasys.,LLC 100 SB LiMotive SB LIMOTIVE GERMANY 100 Mobile Display Donuan Mobile Display Co., Ltd. 100 Mobile Display Tianjin Mobile Display Co.,Ltd. 95 SDI America, Inc. SDI Brasil Ltda SDI America, Inc. SDI Mexico S.A. de C.V. 100 SDI Germany GmbH. SDI (Hon Kon) Ltd. 0.4 SDI Germany GmbH. SDI Brasil Ltda SDI Germany GmbH. SDIG Real Estate Gmbh 100 SDI (Malaysia) SDN. BH Cornin Malaysia SDN. BHD. 30 SDI (Malaysia) SDN. BH SDI (Hon Kon) Ltd. 5.3

24 SDI (Malaysia) SDN. BH SDI Brasil Ltda. 0.2 SDI (Hon Kon) Ltd. SDI Brasil Ltda SDI (Hon Kon) Ltd. Shanhai Electronic Devices Co., Ltd 60.3 SDI (Hon Kon) Ltd. Shenzhen SDI Co., Ltd. 80 SDI (Hon Kon) Ltd. Tianjin SDI Co., Ltd. 80 SEMCO Donuan Electro Mechanics Co.,Ltd. 100 SEMCO Hih TechelectroMechanics Co.,Ltd. 95 SEMCO Tianjin ElectroMechanics 81.2 SEMCO Kunshan ElectroMechanics 100 SEMCO Calamba Premier Realty Corporation SEMCO ElectroMechanics America, Inc. 100 SEMCO ElectroMechanics Germany, GMBH 100 SEMCO ElectroMechanics Hon Kon Co., Ltd. 100 SEMCO ElectroMechanics Hunary Inc. 100 SEMCO ElectroMechanics Indonesia, pt 100 SEMCO ElectroMechanics Philippines, Corp. 100 SEMCO ElectroMechanics Pte.,Ltd. 100 SEMCO ElectroMechanics Thailand Co., Ltd. 75 LED Tianjin LED Co. Ltd. 100 LED LED America Inc. 100 LED LED Europe GMBH 100 ElectroMechanics Amer ElectroMechanics Do Brasil Intermediacoes e Neocios Ltda ElectroMechanics Hon Shenzhen Electromechanics Co.,Ltd. 100 Fire & Marine Insurance Property Insurance (China) Co., Ltd. 100 Fire & Marine Insurance Indonesian subsidiary of Fire & Marine Insurance 70 Fire & Marine Insurance Fire & Marine Insurance Company of Europe Fire & Marine Insurance Fire & Marine Consultoria Em Seuros LTDA. 100 Fire & Marine Insurance Vina Insurance Co. LTD 50 Total Petrochemicals Donuan Total Enineerin Plastics Limited 100 Total Petrochemicals Total Petrochemicals Tradin (Shanhai) Co.,Ltd. 100 Heavy Industries Hukuoka Enineerin Center 100 Heavy Industries Heavy Industries (Ron Chen) Co., Ltd. 100 Heavy Industries Heavy Industries (Ninbo) Co., Ltd. 100 Heavy Industries Ronchen Gaya Shipbuildin 100 Heavy Industries Ronchen Bucheon Shipbuildin Steel 100 Heavy Industries Camellia Consultin Corporation 100 Heavy Industries Heavy Industries (M) SDN.BHD 100 Heavy Industries Heavy Industries (Thailand) Co.Ltd. 49 Heavy Industries Heavy Industries Brazil Assessoriaem Projetsempresariais Ltda Heavy Industries Heavy Industries India Pvt.Ltd. 100 Heavy Industries Heavy Industries Trade(Shanhai) Co., Ltd 100 Heavy Industries Sakhalin Limited Liability Company 100 Heavy Industries Wind Enery,Inc. 100 Heavy Industries SHI BRAZIL CONSTRUCTION

25 Camellia Consultin Corporatio Oil & Gas Solution LLC 50 Life Insurance Air China Life 50 Life Insurance Life Investment (America) Ltd. 100 Life Insurance Life Investment (U.K.) Limited. 100 Life Insurance Properties China, Limited. 100 Asset Manaement Asset Manaement(Hon Kon) Limited. 100 Asset Manaement Asset Manaement(Sinapore)Pte.Ltd. 100 Cheil Industries Tianjin Enineerin Plastics 100 Cheil Industries Cheil America Inc. 100 Cheil Industries Chemical (USA), INC. 100 Cheil Industries Chemical Europe Gmbh 100 Cheil Industries Chemical Hunary Limit 100 Cheil Industries Chemical Material Tradin(Shanhai)Co.Ltd. 100 Cheil Industries Chemical(Thailand) Co., Ltd 59.4 Cheil Industries Fashion S.r.L 100 Cheil Industries Fashion Tradin Co(Shanhai).,Ltd 100 Cheil Industries Starex Compoundin America Inc. 100 Cheil Industries Tianjin Wool Textile Co., Ltd. 75 Ace Diitech Acediitech Suzhou CO.,Ltd 100 Starex Compoundin America Inc Starcom Mexico 99 Chemical(Thailand) co. Thai Enineerin Co., Ltd Techwin OptoElectronics America, Inc. 100 Techwin Techwin Europe Limited 100 Techwin Shanhai Mechatronics & Tradin Co.,ltd 100 Techwin Techwin Enineerin Center 100 Techwin Tianjin Techwin OptoElectronics 95 e International e Greater China Co., Ltd e Greater China Co., Lt imarket Asia Co., Ltd. 100 Opentide Greater China Co., Lt Opentide China Co., Ltd. 100 Opentide Greater China Co., Lt OpenTide Interactive Advertisin Co.,Ltd 100 Opentide Greater China Co., Lt OpenTide Taiwan Co., Ltd 100 imarket Asia Co., Ltd. imarket China Co., Ltd. 80 imarket Asia Co., Ltd. Imarket TianJin Co.,Ltd. 80 Cornin Precision Materials Cornin Malaysia SDN. BHD. 70 Cornin Precision Materials SSH Limited. (previously Shum Yip Tamy Ltd.) 60 Petrochemical Petrochemical(Shanhai) Co.,Ltd. 100 Petrochemical Fine Chemicals Tradin(Shanhai) Co., Ltd. 100 Securities Securities (America), Inc. 100 Securities Securities (Asia) Limited. 100 Securities Securities (Europe) Limited. 100 SDS Opentide Greater China Co., Ltd SDS Data Systems India Pvt.Ltd. 100 SDS Networks Beijin Co. Ltd. 100 SDS SDS America, Inc. 100 SDS SDS Asia Pacific Pte. Ltd. 100 SDS SDS China, Ltd. 100 SDS SDS Europe Ltd. 100 SDS SDS Infotech Pvt Ltd. 81.5

26 SDS SDS Latin America Solucoes Em Tecnoloia Ltda 99.4 EXE C&T GLoTech, Inc Miracom Inc. Miracom Asia Pacific 100 SDS America,Inc. SDS Latin America, Ltd 0.6 SDS America,Inc. SDS Mexico, S.A. DE C.V. 99 Miracom Asia Pacific Miracom China 100 Enineerin Grupo Inenieria Mexico, S.A. De C.V. 100 Enineerin Muharraq STP Company B.S.C. 45 Enineerin Muharraq Wastewater Services Company 65 Enineerin PT Enineerin Indonesia Co., Ltd. 100 Enineerin Enineerin (Malaysia) SDN. BHD. 100 Enineerin Enineerin (Thailand) Co., Ltd. 33 Enineerin Enineerin America In 100 Enineerin Enineerin Australia Pty Limited 100 Enineerin Enineerin Construction(Shanhai) Co., Ltd 100 Enineerin Enineerin India Private Ltd. 100 Enineerin Enineerin Japan Co., 100 Enineerin Enineerin Kazakhstan LLP 100 Enineerin Enineerin Mayarorsza Kft 100 Enineerin Enineerin Trinidad Co. 100 Enineerin Inenieria Eneria 100 Enineerin Inenieria Manzanillo, S.A. De C.V Enineerin Inenieria Mexico S.A DE C.V Enineerin Inenieria Minatitlan, S.A. De C.V Enineerin Saudi Arabia Ltd. 95 Enineerin Thai Enineerin Co., Ltd Thai Enineerin Co., Chemical(Thailand) Co., Ltd Thai Enineerin Co., Enineerin (Thailand) Co., Ltd. 67 Enineerin India Priv Saudi Arabia Ltd. 5.0 Cheil Worldwide Cheil (Thailand) Ltd. 100 Cheil Worldwide Cheil Brazil Communications Ltda. 100 Cheil Worldwide Cheil China 100 Cheil Worldwide Cheil Communications Mexico Inc. SA de CV 98.0 Cheil Worldwide Cheil Europe Ltd. 100 Cheil Worldwide Cheil France SAS 100 Cheil Worldwide Cheil Germany GmbH 100 Cheil Worldwide Cheil Hon Kon Limited 100 Cheil Worldwide Cheil India Private Limited 100 Cheil Worldwide Cheil MEA FZLLC 100 Cheil Worldwide Cheil Rus LLC. 100 Cheil Worldwide Cheil Sinapore Pte. Ltd 100 Cheil Worldwide Cheil South Africa Limited 100 Cheil Worldwide Cheil Ukraine LLC 100 Cheil Worldwide Cheil USA Inc. 100 Hotel Shilla New Jersey Int'l M.C.Inc. 100 Hotel Shilla Hospitality America 100 Hotel Shilla Hospitality U.K. Limit 100 Cheil USA Inc. Cheil Communication Mexico Inc 2.0

27 Cheil USA Inc. Cheil India Private Limited 0.0 Cheil USA Inc. The Barbarian Group, LLC 75.6 Hospitality America Hospitality EUROPE 100 Cheil (Thailand) Ltd. Heavy Industries (Thai 25.5 Cheil Sinapore Pte. Ltd Opentide Greater China Co., Ltd Cheil MEA FZLLC One Aency FZ LLC 70 Equity Investments in Other Companies As of end1q 2011, Electronics equity investments in other companies amounted to KRW27,551,900,000,000 and such investments were made for business, etc. (As of March 31, 2011) Account Compan y name Date of purchas e Purpose Initial acquisiti on cost Yearbeinnin balance Increase/decrease Yearend balance No. of shares Sta ke Book value No. of shares Cost for acquisition (or disposal) No. of shares (K shares, million won, %) Stake Book value Financial status Total asset Net prof it Not e Listed SDI Participa tion in manae ment, etc , , , ,079 7,22 5, ,95 7 Domestic Availableforsale securities Listed SEMCO Listed Listed Gwanj u Electron ics Card Techwin STECO SEMES Seoul Commte ch SERI SDS Lions Participa tion in manae ment, etc. Participa tion in manae ment, etc. Participa tion in manae ment, etc. Participa tion in manae ment, etc. Participa tion in manae ment, etc. Participa tion in manae ment, 250 2,000 10, , , , , , , , ,670 1,455, ,51 6 4,95 0, , , ,455, , , ,638 24,000 2, , , ,724 1,000 1,712 3,800 3, ,576 6,160 15, , , ,968 56, , ,129 24, , , , , , ,5 14,0 46 2,89 6, , , , , 199 3,65 3, , ,80 0 1,1 56, ,18 0 2, , , , Me re d

28 etc. SECRO N Electron ics Service MEMC Korea Cornin Precisio n Material s Livin Plaza Participa tion in manae ment, etc. 1, ,000 6, , , ,121 36,000 3, , , , , ,771, , ,771,2 09 3, , ,523 75, , , 365 7,36 8, , 012 7,8 75 2,2 46 4,4 26 3,4 00, 036 1,2 27 Ace Diitech , , , , , , 605 SLCD Corporat ion ,260, , ,992, , ,992,1 10 5,82 9, ,56 7 Mobile Display LED Venture Capital Union #4 Venture Capital Union #6 Venture Capital Union #7 Venture Capital Union # Prosonic Listed Listed Listed Medison Life Insuranc e Heavy Industrie s Fine Chemica ls Participa tion in manae ment, etc. Participa tion in manae ment, etc. Participa tion in manae ment, etc. Participa tion in manae ment, etc. 200,000 20, ,160 23,65 0 1,699,986 43, ,498, ,004 2, , , , , , ,870 26, , ,224 15, , ,368 18, , ,753 45, , , , , ,384 51, , , ,536 1, ,536 40,67 6 1,346 2, ,675, ,878 40, ,622, , ,495 2, ,981 4,33 7,38 5 1,33 9, , , , , , , 045, ,9 95,4 80 1,27 1, , ,39 9 1,6 12 1, ,3 45 1, , , , , 174 Cap ital incr eas e Equ ity inv est me nt Equ ity inv est me nt Oth ers

29 Listed Listed Listed Hotel Shilla Cheil Worldwi de A TECH SOLUTI ON Listed SFA Petroche mical General Chemica ls KihyupT echnol oy Bankin (previo usly Kihyup Financ e) PUSAN NEWPO RT The Korea Economi c Daily Participa tion in manae ment, etc. Participa tion in manae ment, etc. Participa tion in manae ment, etc. Participa tion in manae ment, etc. Participa tion in manae ment, etc , ,999 26,348 1, , ,410 2, ,221 41,532 2,879 1,950 2, ,482 33, ,333 1, ,099 38,262 1, ,278 1,822 35,347 1, , ,500 1,914 5,000 1, , , , ,940 65, ,178 1, ,321 5, , ,000 5, , , ,17 3,69 2 1,12 0, , , , 538 1,14 3, , , , , , , , 353 1, ,06 9 1,0 88 6,8 18 8,2 08 Brooks Automat ion Asia , , Venture Investm ent Corporat ion , , ,223 48,2 07 2,5 24 Listed imarket Korea ,900 3, , ,900 3, , , , 105 Cyber Bank ,000 1, , KT Skylife , , , , , 812 Fine Chips World Cyber Games SK Telink Etronics Yonpy on Resort Triem Comput er Bluewin s icube Investm ent Union # GES , , , , , , , , ,000 4, , ,000 1, , ,500 2,32 7 1, , , , , 555 4, , , , 565 7,6 30 5,8 39 6, ,3 97

30 WIC Shinsun JNT SV , , , , , ,800 1, , , , , 461 4,96 8 6,18 3 1,7 53 9, Equ ity inv est me nt Equ ity inv est me nt SECA , , , , , 339 SEA , ,741, , ,523,7 62 6,25 6, , 973 Cap ital incr eas e SELA , , , SEM ,032 1, , , , , , 830 Overseas Availableforsale securities SEASA SEDA CMLA LLC ,696 13,224 21, ,62 3, , , , , ,623, ,367 2, , ,115 28,9 50 2,20 9, , ,60 7 1,6 52 SESA ,276 8, , , , , , 285 SENA , , , , , , 495 SEH , , ,157 1,50 9, , 051 SEP , , , , , 398 2,7 75 SEF , , , ,115 1,12 6, , 032 SEUK , , , , ,202 1,06 1, , 688