GOING GLOBAL

3---

Fly High Hwaseung

4---

International Trading

8---

Automotive Parts

12---

High-Tech Material

14---

Fine Chemistry

18---

Sports Fashion Brand

24---

Shoes

26---

Value of Hwaseung

28---

Global Hwaseung

38---

Global Network

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Hwaseung Group History

Contents

3

International TradingThe international trading field as Hwaseung’s strategic business of the 21st century stretches out the vision by switching its direction from intermediate trade to sourcing based business structure. We extend business territory from existing major business areas such as East- Asia, Europe, and North America to the Middle East Asia, Africa, Middle and South America.Therefore, we take off to become a stable total trading company which has both growth and profitability.

Automobile PartsHwaseung’s business field on the automobile parts has kept the number1 of domestic market share and it simultaneously strengthens its field by advancing overseas branches in the U.S.A, China and India. Particularly, the two major axles of automobile business, Sealing and Fluid business, accelerate to improve its profitability, global - localization and active R&D investment, and it strives to become the global BIG 1.

High-tech MaterialMaterial business field which is focused on developing the futuristic new business aims to become one of the world 4 strongest countries in material industry in 2020. Particularly, it plans to produce automobile parts by developing the complex polymer substance which is light-weighted for high-intensity, and also expects to produce light-weighted parts for thermoplastic FRP material, military and aviation field.

ShoesShoes manufacturing business which has been the matrix of Hwaseung maximizes its competitiveness and profitability through continuous activities for management innovation. Overseas manufacture facilities which have been established after thorough previous analysis have accomplished innovations of process, cost and quality by continuous improvement of facility efficiency, and it strives to realize Zero Q-cost.

Fine ChemistryHwaseung challenges toward infinite value region of futuristic fine chemistry industry which is available on the foundation of high-tech sciences and technical skills. As Hwaseung operates the flexible manufacturing system, maximizes the efficiency of equipments and establishes the local manufacturing operation, it enhances its global competitiveness, and simultaneously advances to maximize the profits by developing highprofitable products.

Sports Fashion BrandFashion & Sports products, which have polished ideas, unique materials and price competitiveness, grow up as the world best brand by meeting with global design trend. We are developing new brand which satisfies various customers, and we are particularly extending online business based on the IT.

Hwaseung is jumping higher and larger in the world

International Trading

Hwaseung Networks Co., LTD. is the Global Hub which connects all businesses of 21st century Hwaseung Group. Hwaseung Networks Co., LTD. which grows rapidly as the global general trading company has business departments for resource, trade, steel, raw material, group purchase, shipbuilding material, distribution etc. beyond simple concept of distribution, and it enhances its capability in order to join domestic top 10 general trading companies. Especially, it advances into overseas resource development business and extends its territory to the Middle East, Africa, Latin America, and focuses mainly to ensure new driving force for the future.Hwaseung Networks Co., LTD. as a main cooperation which is the future driving force of Hwaseung advances to the world best cooperation which gives people a trust with its name and meets customers through global infrastructure and various connecting networks.

HWASEUNG NETWORKSCO.,LTD.---------

Industrial products trade • resource raw material business, distribution, travelinsurance, etc.

HSNA which is a bridgehead of Hwaseung Group for business in the U.S.A has the sales office in New York, and extends the networks for global marketing throughout the U.S.A.Hwaseung Networks America has established diversified development base in order to meet rapidly with customers’ demands which change swiftly on the stage of the infinite competitive world without national boundaries and advance to a valuable cooperation which offers the bigger satisfaction.

HWASEUNGNETWORKS AMERICA CO.,LTD. HSNA---------

Trade

HSVN which established in Vietnam in 2007 as the Asian Hub of Hawseung Group has accomplished the outstanding marketing renovation and the business diversification in accordance with the rapid opening of Vietnam.It forces to secure the competitiveness through global localization of completed goods and abundant resources of Southeast Asia while strives to develop new items.

HWASEUNGVIETNAM NETWORKS CO,LTD.HSVN---------

Trade

HSNI which was established in 2010 as the business outpost of Hawseung for India, Europe, the Middle East and Africa extends its marketing territory to Europe, the Middle East, Africa as well as India which has an abundant growth potential. Together with the establishment of global marketing network, it will step forward to become a worldwide leading company by developing new markets and new products.

HWASEUNG NETWORKSINDIA PRIVATE LTD.HSNI---------

Trade

5

International Trading

㈜화승네트웍스는 21세기 화승그룹의 모든 사업을 연결시켜주는 Global Hub 입니다.

글로벌 종합무역기업으로 급성장하고 있는 ㈜화승네트웍스는 단순한 물류유통의 개념을

넘어 자원, 무역, 철강, 원자재, 통합구매, 조선기자재, 물류 등의 사업부를 두고, 국내

10대 종합상사 진입을 위해 역량을 강화하고 있습니다.

특히 해외자원개발 사업에 진출해 중동, 아프리카, 중남미 등으로 거점기반을 확장하며

미래 신성장동력 확보에 주력하고 있습니다.

화승그룹의 미래성장엔진이 되는 주력기업으로서 ㈜화승네트웍스는 글로벌 인프라와

다양한 연계 네트워크를 통해 이름이 곧 믿음이 되는 기업, 고객을 만나는 세계일류 기업

으로 도약하고 있습니다.

HWASEUNG NETWORKSCO.,LTD.

화승그룹의 미주진출을 위한 교두보인 HSNA는 New York에 Sales Office를 두고

미주 전역에 걸쳐 글로벌 마케팅의 네트워크를 확장해 나가고 있습니다.

화승네트웍스 아메리카는 국경없는 무한경쟁의 세계를 무대로 빠르게 변화하는 고객의

요구에 신속하게 대처하고 더 큰 만족을 드리는 가치있는 기업으로 도약하기 위해 다각

적인 성장기반을 구축해 나가고 있습니다.

HWASEUNGNETWORKS AMERICA CO.,LTD.HSNA

화승그룹의 아시아 허브로 2007년 베트남에 설립된 HSVN은 베트남의 급속한 개방화

에 따라 획기적인 마케팅 혁신과 사업다각화를 이루고 있습니다.

동남아시아의 풍부한 자원과 완제품들의 글로벌 현지화를 통한 경쟁력 확보에 주력하는

한편 신규 아이템 개발에도 노력하고 있습니다.

HWASEUNGVIETNAM NETWORKS CO.,LTD.HSVN

무역

화승그룹의 인도,유럽,중동,아프리카 사업 전진기지로 2010년 설립된 HSNI는 잠재

성장력이 풍부한 인도 내수뿐만 아니라 유럽,중동,아프리카까지 마케팅 영역을 확장해

나가고 있습니다. 글로벌 마케팅 네트워크 구축을 통해 신시장 개척 및 신상품 개발로

세계적인 기업으로 나아갈 것입니다.

HWASEUNG NETWORKSINDIA PRIVATE LTD.HSNI---------무역

산업용 재화 무역업, 자원 ●원자재 사업,물류,

여행 ●보험업 등

무역

첨단소재

자동차부품

정밀화학 종합무역

스포츠패션브랜드

신발

Philippines Cooper ore

IndonesiaPetro coke, Cocking Coil, Soft Coal

Thread

MalaysiaCocking Coil, Soft Coal

Shipbuilding, Industrial EquipmentsNatural • Recycled Rubber

IndiaAnthracite, Lump Coal

Shipbuilding, Industrial Equipments

North KoreaAnthracite

Taiwan Silicon oreAnthracite, Lump Coal

Shipbuilding, Industrial EquipmentsNatural • Recycled Rubber

Vietnam

ChinaThread, Wig, Complete Fabric Products

Steel / Shipbuilding, Industrial Equipments

RussiaSoft Coal, Lump CoalM-100, Urea Fertilizer

Aluminum, Electrolytic Cooper

Natural Resource BusinessNatural Resource Department extends the

current business area which has mainly focused

on anthracite to soft coal and future alternative

energy, searches for stabl e and long-term buyers

through active business management such as

developing a mine, and establishes the system

for quality examination system. Ultimately, it

strives to create the best value for customers.

Distribution Trade BusinessDistribution Department has ensured the compet-

itiveness through the global localization based

on excellent professional human resources and

personal networking. It also strives to develop

new markets such as the Middle East, Latin

America and Africa. Also, it actively sets out

to develop new futuristic growth force and

environmental engineering business.

Raw Material BusinessRaw Material Department which has ensured

the stable import base such as nonferrous

metal scrap, aluminum etc. strives to excavate

new items such as development of ores

and automobile parts beside the existing

nonferrous metals. It especially forces to develop

environmental engineering business and new

markets in the Middle East, CIS, and Africa etc.

Hwaseung Networks is

The gateway to the world from distribution to raw materials and future resources

Middle EastAutomobile Parts

EuropeNonferrous Metal

SingaporeShipbuilding, Industrial Equipments

Japan Synthetic Rubber

7

Canada

AmericaSoft Coal, Lump CoalThread, Shoes, Wig, Complete Fabric ProductsAutomobile Parts, Synthetic Rubber

VenezuelaAluminum, Iron Ore

Hwaseung Networks set out business in the Middle East, Africa, and Latin America region on top of the existing Southeast Asia, Europe and North America markets, and it extends its global sales territory. Also, it has newly developed business base with its own sourcing by focusing on its core capability for developing high-profitable new business such as eco-friendly, future alternative energy business, etc. from current merchant trade as its major business.Therefore, it recruited specialists for each business field while simultaneously established IT infrastructure and set up the systemic structure to support sales. Hwaseung Networks extensively advances to create future value as the main artery of distribution in Korea and as the general trading company that links to the world.

Shipbuilding Equipment BusinessShipbuilding Equipment Department which

was newly launched in 2010 establishes the

sales structure to Latin America area as well

as Southeast Asia through efficient overseas

network and connection. It will strengthen its

Trading Biz. capability while ensuring the sales

rights of competitive overseas equipment.

Combined Purchasing BusinessCombined Purchasing Department increases

the stability of distribution with global sourcing

through strategic purchasing for each item,

achieves the higher position on competitiveness

in the global market with cost reduction, and

ensures the price competitiveness through

establishment of E-Market Place.

Logistics BusinessIt develops the distribution service business such

as corporate distribution, cooperative transportation,

consulting, forwarding, etc. on the foundation

of import and export distribution management

capability of overseas branches and consumer goods

distribution business such as automobile parts,

clothes, shoes etc. of Hwaseung Group. It offers

the best value and services.

Hwaseung T&C Corp. produces highly value added adhesives and coating agents with excellent qualities such as shoes adhesive, industrial adhesive, urethane coating resin, automobile coating agent, etc. and offers them to our domestic and overseas customers who have strict quality standard. also, to become a leading producer of futuristic new functional materials, Hwaseung T&C Corp. has technical cooperation with reputable universities in U.S.A and Russia etc.With the global business management ahead of other companies, Hwaseung T&C Corp. endeavors to do business into the globe through acquisition and analysis of newest information. Also, Hwaseung T&C Corp. has raised the competence of automobile parts which is our major business by developing new technology and continuous technological innovation as the fundamental of growth.Hwaseung T&C Corp. produces high quality automobile door and trunk sealing products, power-steering hose, air-conditioning hose, oil-cooler hose etc. in the high productivity through the latest automated facilities and lay-out which are also utilized in Germany and Japan. We offer the products to domestic as well as world big 3 automakers and they make a good reputation.

HWASEUNG T&C CORPORATION---------

Weather Strip, Automobile High Pressure HoseLow Pressure Hose, Adhesives etc.

Automotive Parts

Hwaseung R&A Co., LTD. established in 1978 has maintained the core position of automobile parts in Hwaseung Group. Automobile high pressure hose, low pressure hose and weather strip, etc. which are produced by Hwaseung R&A Co., LTD. have firmly kept the number 1 of domestic market share in automobile parts. Also, as it has offered its products to worldwide well-known automobile makers as well as domestic automobile manufacturers such as Hyundai, KIA, GM Daewoo, it has grown up as the 7th world biggest corporation in the automobile parts. Also, it entered into shipbuilding equipment business in order to enhance new competitiveness through management diversification.It produces ship sealing products such as hatch cover seal, window seal and stern tube seal etc. and anticorrosion equipment such as ICCP(Impressed Current Cathodic Protection), SACP(Sacrificial Anode Cathodic Protection), MGPS(Marine Growth Protecting System) and offer them to the product market and the A/S market.While Hwaseung R&A Co., LTD. sets up manufacturing branches and offices all over the world in order to strength its overseas advancement, it is also about to join Global Top 1 in automobile parts industry with continuous efforts to secure the R&D technical capability, and spreads out the corporate vision.

HWASEUNG R&A CO.,LTD.---------

Automobile High Pressure Hose, Low Pressure HoseWeather Strip and Shipbuilding Equipment

HSD

HSTHSR

Qingdao Office

Hwaseung Shanghai

HSB

HSI Auto

HVTHVC

9

Front Glass Molding

Hood(Seal) Weather Strip

Power Steering Pressure Hose

Air Conditioning Hose

Power Steering Return Hose

Fuel Hose

Radiator Hose

Brake Vaccum Hose

Heater Hose

Hydraulic Brake Hose

Sun Roof Weather Strip

Rear Glass Molding

Glass Run(Run Channel)

Fixed Weather Strip

Trunk Lid

Door Belt Inner

Door Belt Outer

Fuel Filler Hose

Door Opening Weather Strip

Door Seal Weather Strip

Detroit Office

HSNA

HSAA

HSI which was established in Chenai, India in 1997 gets a good reputation with high quality and leading manufacturing technology in local industry, and it fully performs as a bridgehead for advancing to Southwest Asia and Europe regions. Since a large scale manufacturing factory achieved the balance in the black 2 years after establishment, it has accelerated active R&D investment and has shown high growth rate each year. Excellent products such as automobile weather strip, high pressure hose, low pressure hose etc. with high quality and high function enhance the perfectibility of reputable cars with world leading manufacturers including Hyundai India, FORD India, GM India etc.

HSI AUTOMOTIVES LTD.HSI AUTO---------

Weather Strip, Automobile High Pressure Hose Low Pressure Hose etc.

HST established in Taechang, China produces competitive products by connecting with world best technology and local abundant labor force. Major manufacturing products such as weather strip, low pressure hose etc. are offered to the world leading automobile manufacturers advanced in China including Hyundai and KIA automobiles while exports reversely to Korea as well. HST strives to complete the quality under the aim to manufacture greater products than customers’ demand, performed with a differentiated and closely localized management that accepts various characteristics of China so it accomplished its production normalization two years after the establishment. This showed a successful overseas branch model.

HECHENG VEHICLE PARTS(TAICANG) CO.,LTD.HST---------

Weather Strip, Automobile High Pressure Hose Low Pressure Hose etc.

The capital of 1.3 billon population, Beijing where the world gathers is the best spot that allows the real time market analysis on products as well as responses of customers on automobiles. HSB which was established in Beijing, China where eyes and ears of the world observe with the base of the world best technology of Hwaseung Group aims to become the number 1 automobile part manufacturer in China. Automobile parts such as weather strip, low pressure hose etc. which are produced under the strict quality policy in the large scale factory which was completed in 2005 and equipped with high-tech refinery and extrusion pressure line equipments are offered to overseas complete automobile manufacturers and it simultaneously strives to enhance the competitiveness and quality in order to occupy the Chinese domestic market of automobile brands.

BEIJING HECHENG R&AVEHICLE PARTS CO.,LTD.HSB---------

Weather Strip, Automobile High Pressure Hose Low Pressure Hose etc.

HSAA which was established in Alabama, U.S.A in 2003 is equipped with the high end manufacturing facility and automation system, and it confidently competes with technology of Hwaseung in the U.S.A where the habitat of automobiles is. HSAA has became the manufacturing major center in order to offer automobile parts for Hyundai Automobile as well as the Big 3 automobile manufacturers in the U.S.A., and it has enhanced more competitiveness by achieving the innovative distribution cost reduction of the import line to North America and Latin America. Detroit offices as well as HSAA which show brilliant success in a short period are advanced outposts for the globalization of Hwaseung.

HS AUTOMOTIVEALABAMA INC.HSAA--------

Weather Strip, Automobile High Pressure Hose Low Pressure Hose etc.

Hwaseugn Climate Control Industries Co., Ltd. which has a good reputation with exclusive quality and technology as the world famous brand in automobile airconditioner hose industry expels the distinction of technology and the product marketability extends its territory to the world. As a result of research and development for climate control accessories since establishment in 1985, it produce total 400 items which offers highly value added products such as air-conditioner hose and accessories. Especially, it added trust with quality by obtaining ISO/ TS 16949 certification, and it is the global company which certified as the excellent company in total evaluation section including quality class and corporate management.

HWASEUNG CLIMATE CONTROL IND. CO.,LTD.---------

Automobile Air- conditioner Hose, ASSY

11

Automotive Parts

Hwaseung Material Co., LTD. produces highly value added materials such as CMB, TPE, Silicon etc. which are rubber raw materials of automobile parts, and it is the specialized corporation which accomplishes the world 3 biggest market share. Hwaseung Material Co., LTD. plans to produce automobile parts by developing highly intensive light-weighed complex polymer material that can substitutes existing metal materials, and it expects to produce the thermoplastic FRP material and the light-weighed part’s material for military and aviation. Thus, while it utilizes its global know-how for the future new material business by processing the cooperative research with overseas reputable universities, it plans to produce the thermo-electronic element connected with nanotechnology, eco-friendly high-end antibacterial material, the alternative new hightech material to steel in a site of 99,000m2 in Myeongrye General Industrial Complex, Gijanggun, Busan. Also, Hwaseung Material Co., LTD. Engineering embarked the measuring facility of overseas as well as domestic industrial plant area, successfully completed it and has accumulated the excellent technology. Especially, it has rapidly grown in the industrial plant measuring facility area to expel actively in order to advance toward the world market with the excellent domestic business performance capability.

HWASEUNG MATERIALCO.,LTD.---------

CMB,TPE etc.

High-Tech Material

HSR which was established in Jiangsu, China and started a regular operation in 2008 has supplied the best quality CMB to the world market with the best price competitiveness on the basis of the automation for the whole manufacturing process and the total computation of distribution flow. Efforts for quality has been kept as the first priority than any other objectives in order to develop the first-class product which is the finest anywhere in the world, and it designs the long-term growth through active R&D investment for the sake of the technical innovation and the development of new material.

HWASEUNG SPECIAL RUBBER(TAICANG) CO.,LTD.HSR---------

CMB,TPE etc.

HSMI which was established on the base of accumulated technology in CMB field that can be represented on rubber material responses swiftly on demands of global customers with international quality and price competitiveness. In order to realize the faultless quality agenda, it fully completed the automation system for the entire processes, and it plans to accomplish diversification of the products by developing new futuristic material as well as CMB through continuous improvement of quality and development new material. HSMI would not stop challenges and changes in order to become as the global business corporation which meets rapidly with customers’ demands everywhere in the world.

HWASEUNG MATERIALINDIA PRIVATE LTD.HSMI---------

CMB

Dynamic Vulcanized Elastpmer

Dynamic Vulcanized Elastpmer

Dynamic Vulcanized Elastpmer

Dynamic Vulcanized Elastpmer

13

Fine Chemistry

Hwaseung Industries Co., Ltd. (H.S.I.), a world-renowned film manufacturer, is supplying various film products of high technology and quality such as BOPP, BOPET, Breathable film, EVA sheet for a component of a solar battery in the global market.H.S.I has succeeded in developing and commercializing high value-added products through independent and distinctive R&D activities, continues to increase the proportion of those products in business portfolio, and is gradually extending business segments by launching Solar cell panel and advanced packaging solution business based on accumulated technologies.

High value added products:A world- class quality synthetic paper is being supplied to Kodak Company as the base material for a digital photo paper taking up 50% of their consumption. An anti-fog film with the function of preventing a digital display from condensation on it was successfully commercialized first in the world and is currently supplied to leading display makers in Korea and Japan, and its market is expected to keep growing as the display industry is developed.Thermal Laminating film which is clear and bright color in high quality laminating and Scuff -free matte film are developed in the new products of high value-added. They keep making competiton in the nation and world.

Solar Battery Business (EVA Sheet, Back Sheet and Module for a Solar Battery)In 2010, H.S.I. completed the installation of the first production line to produce the EVA sheet for a solar battery developed on the basis of fine chemical manufacturing technology accumulated through film businesses and is planning to be the number one maker in Korea with gradually additional production lines hereafter.Furthermore, H.S.I. is planning to proceed to manufacturing businesses for the back sheet and the module for a solar battery along with the EVA sheet in order to be a world‐class supplier in the global solar battery market which is rapidly growing year by year.

Packaging businessH.S.I. provides the total packaging solution that includes packaging designs, materials, quality control and technical development to converting companies and end users with H.S.I.’s integrated resources such as packaging technology, purchasing power for the raw materials, etc.Actively responding to various demands from the market and building up the foundation of cooperation and win-win strategy with customers, H.S.I. will create a new paradigm in packaging business.

HWASEUNG INDUSTRIES CO.,LTD.---------

Domestic Number 1 Film Manufacturer Corporation(BOPP, BOPET, Breathable Film, EVA Sheet)

15

17

HSLS which is the specialized company for conveyor belt established in Serumban, Malaysia in 2002, and it produces differentiated products which are combined with Hwaseung’s know-how and abundant resource and human resource.It increases profitability by local produce of natural rubber in a native location which is a resource of product. Moreover, it is a highly competitive corporation which satisfies with customers’ demands. HSLS which achieved the successful result in developing the Southeast Asia Market ensures buyers in Asia, North America and Europe etc. as well as Malaysia local market, and it accomplishes the rapid growth speed to advance into the world market.

HSLS RUBBER IND. SDN. BHD.HSLS---------

Manufacturing industrial products (Conveyor)

Hwaseung Exwill which produces belts and special goods etc. is an industry solution company which is based on the world-first rubber. Hwaseung Exwill which enhances the specialty on a base of quality and technology with 30 years experiences in the rubber industry field and prepares to contribute new value for national infrastructure and medium and large industries all over the world by developing technically integrated and highly value added item such as high pressure hose, low pressure hose and Teflon hose etc. Also, it becomes a driving force for growth and development of Hwaseung Group through specialization of production and management as well as strategic outsourcing. Hwaseung Exwill extends its sales networks of undeveloped areas such as Europe, the Middle East and Brazil on the basis of the existing global business so far, and realizes a rather competitive global vision.

HWASEUNG EXWILL CO.,LTD.---------

Production and distribution of industrial products (Belt, Hose, Sheet, Special Goods)

The Biggest of the World

Global shoes dream which the dream of around 20,000 staffs spreads out on 430,000m2 land - Hwaseung VinaThe dream of millions of shoes is monthly created there and the future of Vietnam with Hawseung is there.

Shoes

Hwaseung Vina Co., Ltd. located in Dong Nai, Vietnam is the world biggest shoes factory. It is invested for the future under long-term plan of Hwaseung for cost reduction and productivity improvement through systemic outsourcing and is the stepping stone for Hwaseung’s new take-off.It sets up the futuristic highly value added growth base such as highly value added Hi-Tech product launch, extension of utilization of local material and ERP(Enterprise resources planning) system etc. on the basis of accumulated technology of Hwaseung. Hwaseung Vina Co., Ltd. which is evaluated as a successful corporation for investment in Vietnam operates the mass production of excellent quality and design competitive products and supplies them to world famous sports goods brands.

HWASEUNG VINA CO., LTD. HS VINA---------

Shoes (ADIDAS & Reebok)

HVC established in 2007 with setting successful development of Hwaseung Vina in Vietnam is the stepping stone for investment of future business of Hwaseung. As the demands of Shoes Original Equipment Manufacturing increased, HVC made the biggest supply contract between Adidas, the world largest shoes brand, and Hwaseung Group in 2007 and it ensures its infinite potential in the international market with stable quality and productivity which satisfy with expectations on futuristic growth potential and sales extension.

HS VIETNAM CHEMICAL CO., LTD.HVC---------

Shoes

HVT established in 2008 with innovative facility and method of construction which integrate accomplishment of R&D and excellent technology maximizes its accomplishment by creating synergies between branches located in Veitnam. Sports shoes of Hwaseung which strengthens its position as a luxury goods through development of new products and new technology advance to the U.S.A, Japan, Canada, Hong Kong, Australia, China as well as Europe with the world famous brands.

HWASEUNG VUNG TAU CO., LTD.HVT---------

Shoes

Since Hwaseung Group was appointed as one of the BIG 5 partners of Adidas group, it took over Jangcheonjehwadaeryeon Co., Ltd.(Previous Pungwonjehwa Co., Ltd) located in Dalian, China and extended its manufacturing facility.Jangcheonjehwadaeryeon Co., Ltd. managed as specialized shoes manufacturing factory realizes zero Q-cost through innovation of process, cost, quality and efficiency of facility. Also, it has kept its reputation as the worldwide shoes manufacturer with strict management for profitability such as further extension of portion of highly value added products.

JANGCHUN SHOE MANUFACTURING DALIAN CO.,LTD.HSD---------

Shoes

HVT HVC HSVN

JANGCHUN SHOE MANUFACTURING

DALIAN

HS VINA

25

D r e a mThe enterprise is identical with human. Hwaseung believes that everyone is excellent human resource who has their own capabilities and potentials and those are the driving force to operate the enterprise. Hwaseung brings up global core human resources without discrimination of nationalities, education and ages, and maximizes the enterprise’s competitiveness in the world.

C h a l l e n g eHwaseung who has expelled continuous innovation will become the leading enterprise which leads the world market and heads for changes as it will obtain recognition of its world best technology. Each section of Hwaseung always challenges to become the top, and strives to get victory from competitiveness towards the world-best.

Value of Hwaseung

Leading Way to be Global Leader

27

Va l u eHwaseung insists 100% perfection from raw materials to processes and quality tests for each product. It believes that offering products and services more than customers’ expectations and sharing the best satisfaction and happiness is the most priceless value and faith which must be kept.

The most powerful force which has led Hwaseung until now is customers’ expectations and hopes. Also, it is the most priceless value and faith which must be kept all the time.Hwaseung strives in order to become the human global group which contributes to development of human society beyond Korea.

Leading Way to be Global LeaderP a s s i o nHwaseung in the 21st century made the agreement on technical development with Busan College of Engineering, Saint Petersburg College of Engineering in Russia and Georgia College of Engineering in the U.S.A, and expels the project for new development such as fine chemistry, thermoelectric element, eco-friendly high-tech material, complex material etc. Accordingly, it advances the bountiful future.

27

Vietnam & East-south AsiaIt realizes hope with planting young dreams of Vietnam, the land of full of potential.Vietnamese young people stretch out their potentials and expect bountiful future on thebasis of accumulated capability and technology of Hwaseung.Hwaseung utilizes Vietnam as the outpost of global shoes industry and the advance baseof marketing and trade for Southeast Asia, and contributes to local economic development as well as new resource development.

Global Hwaseung

“Xin cam on, !“˛ ˛

2937

HWASEUNG R&A CO.,LTD.www.hsrna.comHeadquarter and Factory147-1 Kyodong, Yangsansi Gyeongsangnamdo, KoreaTel.82-55-370-3331~4 Fax.82-55-387-8870 / 8832Seoul Office19th floor, Gangnam B/D, 1321, Seochodong Seochogu, Seoul, KoreaTel.82-2-6717-1200 Fax.82-2-574-4898

HWASEUNG MATERIAL CO.,LTD.www.hscmb.com147-1 Kyodong, Yangsansi Gyeongsangnamdo, KoreaTel.82-55-780-3400 Fax.82-55-383-9203

HWASEUNG NETWORKS. CO.,LTD.www.hsnetw.co.krHeadquarter11~12th floor, Jangcheon B/D, 1287-21 Yeonsan 5dong, Yeonjegu, Busan, KoreaTel.82-51-850-0100 Fax.82-51-850-0101Seoul Office19th floor, Gangnam B/D, 1321, Seochodong Seochogu, Seoul, KoreaTel.82-2-581-5012~3 Fax.82-2-581-5014

HWASEUNGCLIMATE CONTROL INDUSTRIES CO.,LTD.www.hs-cci.com152-5 Namseongri, Shinchangmyeon, Asansi Chungcheongnamdo, KoreaTel.82-41-538-1200 Fax.82-41-546-8854

HWASEUNG T&C CORPORATIONwww.hstnc.co.krHeadquarter and Factory857-2, Eogokdong, Yangsansi Gyeongsangnamdo, KoreaTel.82-55-380-3600 Fax.82-55-380-3601

HWASEUNG CORPORATIONwww.hwaseung.co.krHeadquarter5th floor, Jangcheon B/D, 1287-21 Yeonsan 5dong, Yeonjegu, Busan, KoreaTel.82-51-850-7000 Fax.82-51-850-7001Seoul Office6th, 8th, 19th floor, Gangnam B/D, 1321 Seochodong, Seochogu, Seoul, KoreaTel.82-2-320-0600 Fax.82-2-320-0700

HWASEUNG EXWILL CO.,LTD.www.hs-exwill.comHeadquarter7~8th floor, Jangcheon B/D, 1287-21 Yeonsan 5dong, Yeonjegu, Busan, KoreaTel.82-51-860-3600 Fax.82-51-863-3609Seoul Office19th floor, Gangnam B/D, 1321 Seochodong, Seochogu, Seoul, KoreaTel.82-2-6717-1200 Fax.82-2-574-4898

HWASEUNG INDUSTRIES CO.,LTD.www.hsi.co.krHeadquarter6th floor, Jangcheon B/D, 1287-21 Yeonsan 5dong, Yeonjegu, Busan, Korea Tel.82-51-311-0081 Fax.82-51-312-2465Seoul Office5th floor, Gangnam B/D, 1321 Seochodong, Seochogu, Seoul, KoreaTel.82-2-3471-3410 Fax.82-2-3471-3414Factory98-7 Shinhangri, Dunpomyeon, Asansi Chungcheongnamdo, KoreaTel.82-41-531-5005 Fax.82-41-531-0035

•Frankfurt Office

•HSMI HSNIHSI Auto•

Africa Domestic•Indonesia Domestic•

Middle East Asia Domestic•

HWASEUNG India Networks• HSVNHVTHVC

HS VINA•

•HSLS

•HSD

•HSR

•HWASEUNG Shanghai

HSB•HST

Qingdao Office• •HWASEUNG Group

•Subsidiary Company

•Foreign Branch

Global Network

South America Domestic•

HSAA• •Georgia Tech Hwaseung Lab•HSNA•LA Office

Detroit Office•

HVTHWASEUNG VUNG TAU CO., LTD.844 Binh Gia Street, 10 ward Vung Tau VietnamTel.84-61-356-0800 Fax.84-61-356-0782

HVCHS VIETNAM CHEMICAL CO., LTD.Nhon Trach 1 Industrial Zine nhon Trach Dist.Dong Nai Province, VietnamTel.84-61-356-0800 Fax.84-61-356-0782

HSDJANGCHUN SHOE MANUFACTURING DALIAN CO.,LTD.Sujia Village, Dalianwan Town, Ganjingzi District, Dalian, ChinaTel. 86-411-8767-9552 Fax. 86-411-8767-9829

HS VINAHWASEUNG VINA CO.,LTD.Nhon Trach 1 Industrial Zine Nhon Trach Dist.Dong Nai Province, VietnamTel. 84-61-356-0800 Fax. 84-61-356-0782

HSLSHSLS RUBBER IND. SDN. BHD5¼Miles, Jalan Jelebu, 70100 Seremban,Negeri Semblian, MalaysiaTel. 606-767-9580 Fax.606-767-4079

HSMIHWASEUNG MATERIAL INDIA PRIVATE LTD.New No.54, Old N0. 100, Mevalur Kuppam Village, Sriperumbudur TK, Kanchipuram DTTamil Nadu 602 105, IndiaTel.91-44-2681-0001~5 Fax.91-44-2681-1899

HSRHWASEUNG SPECIAL RUBBER(TAICANG) CO., LTD.#86. Beijing East RD. Taicang, Jiangsu, ChinaTel. 86-512-5356-6596 Fax.86-512-5356-6585

HSNAHWASEUNG NETWORKS AMERICA CORP.485 Seventh Avenue Suite 309 New YorkNY 10018, U.S.A.Tel. 1-212-868-8188 Fax. 1-212-868-8288

HSVNHWASEUNG VIETNAM NETWORKS CO.,LTD.22th Fl No. 2205, Saigon Trade Center 37 Ton Duc Thang Street, District 1, HCM City VietnamTel.84-8-3910-2377 Fax. 84-8-3910-2376

HSNIHWASEUNG NETWORKS INDIA PRIVATE LTD.New No.54, Old N0. 100, Mevalur Kuppam Village, Sriperumbudur TK, Kanchipuram DTTamil Nadu 602 105, IndiaTel.91-44-2681-0001~5 Fax.91-44-2681-1899

HSTHECHENG VEHICLE PARTS (TAICANG) CO.,LTD.#86. Beijing East RD. Taicang, Jiangsu, ChinaTel. 86-512-5356-6596 Fax. 86-512-5356-6585

HSBBEIJING HECHENG R&A VEHICLE PARTS CO.,LTD.19, Pingrui Street Pinggu, Beijing, ChinaTel. 86-10-8998-6221 Fax. 86-10-8998-6002

HSAAHS AUTOMOTIVE ALABAMA INC.100 Sonata Drive, Enterprise AL 36330, U.S.A.Tel. 1-334-348-9516~9 Fax. 1-334-348-9520

HSI AUTOHSI AUTOMOTIVES LTD.S. No.73, Mevalur Kuppam, “A”Block,100 Thandalam Post. Sriperumbudur TK,Kanchipuram DT, Tamil Nadu 602 105, IndiaTel. 91-44-2681-0001~5 Fax. 91-44-2681-1899

Frankfurt OfficeMergenthaler Allee 79-81, 65760 Eschborn, GermanyTel.49-6196-470500~4 Fax.49-6196-470505

Qingdao OfficeRoom 1004, D&D Fortune Center, No.182-6Haier Road, LaoSan Area, Qingdao, ChinaTel.86-0532-8593-3242 Fax.86-0532-8593-7975

Detroit Office27300 Haggerty Road Suite F-26 FarmingtonHills, MI 48331, U.S.A.Tel.1-248-871-1000 Fax.1-248-871-1009

HSNA - LA OfficeEquitable Bldg #2215 3435 Wilshire Boulevard Los Angeles CA 90010, U.S.A.Tel.1-213-232-3127 Fax.1-213-232-4951

HWASEUNG NETWORKS Global NetworksQingdao, Indonesia Domestic, Africa DomesticMiddle East Asia Domestic, LA Office

CHINA SHOES Global NetworksJangchun QingdaoShoes Manufacturing Dalian Co.,Ltd.

Jangchun TongliaoShoes Manufacturing Dalian Co.,Ltd.

GEORGIA TECH - Hwaseung LabAmerica Atlanta Georgia Tech - Hwaseung

HSSHWASEUNG(SHANGHAI) INT'L TRADE CO., LTD.Unit 901-903, New Town No. 83Loushanguan Road, Shanghai, ChinaTel.86-21-6145-3268 Fax.86-21-6145-3265

1970~80Nov. 1971Hwaseung T&C Corporation EstablishmentOct. 1977C.E.O Hyun, Seung Hoon InaugurationSep. 1978Hwaseung R&A Co., Ltd. EstablishmentNov. 1980Receipting Export Day 'Gold Tower Order of Industry' of Hwaseung Industries Co., Ltd.

2010~Mar. 2010Receipting Export Day'Gold Tower Order of Industry'Jun 2010HSNI Establishment

1990~2000Nov. 1990Receipting Export Day 'Gold Tower Order of Industry' of Hwaseung Industries Co., Ltd. andexport 500 million dollars topSep. 1995Hwaseung Climate Control Industries Co., Ltd. EstablishmentJan. 1996Hwaseung Material Co., Ltd. EstablishmentNov. 1997 HSI EstablishmentJan. 2002HST EstablishmentApr. 2002HS VINA EstablishmentMay 2002HSLS EstablishmentMar. 2003HSAA EstablishmentJun 2003HSB EstablishmentAug. 2003Hwaseung Shanghai International Trade Co., Ltd. EstablishmentMar. 2004Frankfurt office openFeb. 2006HSR EstablishmentJul. 2006Hwaseung Networks Co., Ltd. EstablishmentNov. 2006HSNA EstablishmentMar. 2007HSVN EstablishmentApr. 2007Hwaseung Exwill Co., Ltd. EstablishmentFeb. 2008HSMI EstablishmentApr. 2008HVT EstablishmentMay 2008HSD Establishment / HVC Establishment

1950~60Aug. 1953Hwaseung Co., Ltd. EstablishmentMay 1969Hwaseung Industries Co., Ltd. Establishment

Hwaseung Group History

hwaseunggroup.com

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