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World-Class Korean Products in Marine Equipment Category

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World-Class Korean Products in Marine Equipment Category

What Are World-Class Products?

World-Class Korean Products are preeminently recognizedby the Korean government for their value and proven trackrecord in terms of global market share as well as for theirsignificant potential as next-generation growth engines.Ranking fifth or higher in terms of global market share,World-Class Products have been certified under a Ministryof Trade, Industry and Energy (MOTIE) program since 2001in line with the national drive to promote internationaltrade by fostering high-quality, technology-driven productsand services.

The World-Class Korean Products program, operated by theKorea Trade-Investment Promotion Agency (KOTRA) andsupported by related industry associations under theumbrella of MOTIE, also aims to endorse the reliability andsafety of the designated products for foreign buyers, clientsand consumers.

Marine Economy Korea4

World-Calss Products

Certified World-Class Korean Marine Equipment ProductsItem Enterprise (Year)

Marine Diesel Engine (Over 6,000 BHP) Doosan Engine Co., Ltd. (2002)

Hyundai Heavy Industries Co., Ltd. (2002)

STX Heavy Industries Co., Ltd. (2006)

High Pressure CO2 Fire Extinguishing System NK Co., Ltd. (2002)

Marine Cable Kukdong Electric Wire Co., Ltd. (2002)

LS Cable Ltd. (2002)

JS Cable Co., Ltd. (2002)

TMC Co., Ltd. (2007)

Marine Boiler Kangrim Industries Co., Ltd. (2002)

Steering Gear Yoowon Industries Ltd. (2003)

Wall Panel BIP Industries Co., Ltd. (2003)

STACO Co., Ltd. (2003)

Crankshaft for Large Engine Hyundai Heavy Industries Co., Ltd. (2003)

Doosan Heavy Industries & Construction Co., Ltd. (2003)

STX Metal Co., Ltd. (2009)

Synchronous Generator for Marine Application Hyundai Heavy Industries Co., Ltd. (2004)

Marine Diesel Engine (4-Stroke) STX Engine Co., Ltd. (2004)

Hyundai Heavy Industries Co., Ltd. (2004)

Fixed Pitch Propellers for Marine Propulsion Hyundai Heavy Industries Co., Ltd. (2004)

Turbo-Charger for Medium Size Marine Diesel Engine (Below 5,000kw Class) STX Metal Co., Ltd. (2005)

Crankshaft for 4-Stroke Engine STX Metal Co., Ltd. (2006)

Hyundai Heavy Industries Co., Ltd. (2006)

Sunwoo CS Corp. (2012)

Main Bearing Support for Medium & Large Size Marine DAECHANG SOLUTION CO., LTD. (2006)

Diesel Engine Samyoung M-TEK Co., Ltd. (2011)

Exhaust Valve for Big Size Marine Diesel Engine (2-Stroke) Keumyong Machine Co., Ltd. (2006)

Economizer Kangrim Industries Co., Ltd. (2006)

Marine Switchboard Hyundai Heavy Industries Co., Ltd. (2007)

Cargo Oil Pump and Water Ballast Pump Hyundai Heavy Industries Co., Ltd. (2007)

Guide Shoe for Large Size Marine Diesel Engine Shina Metaltech Co., Ltd. (2007)

Cylinder Liner for 2-Stroke Marine Diesel Engines Hyundai Heavy Industries Co., Ltd. (2007)

Cape Industries Ltd. (2007)

STX Metal Co., Ltd. (2007)

Air Cooler for Marine Engines Donghwa Entec Co., Ltd. (2007)

Cylinder Frame for Two Stroke Diesel Engine Hyundai Heavy Industries Co., Ltd. (2008)

Turbocharger for Two Stroke Diesel Engine Hyundai Heavy Industries Co., Ltd. (2008)

Marine Economy Korea 5

World-Calss Products

Item Enterprise (Year)

Turbocharger for Two Stroke Diesel Engine STX Metal Co., Ltd. (2010)

Inert Gas Generator Kangrim Industries Co., Ltd. (2008)

Electronic Control Fuel Supply Unit Hwayoung Co., Ltd. (2008)

High Voltage Motors for Marine Thruster Hyundai Heavy Industries Co., Ltd. (2008)

Medium-Speed Diesel Engine Power Plant Hyundai Heavy Industries Co., Ltd. (2008)

Marine Propulsion Shafting Hyundai Heavy Industries Co., Ltd. (2009)

Side Thruster Hyundai Heavy Industries Co., Ltd. (2009)

Common Rail Unit Wonil Co., Ltd. (2009)

Pistons for Medium-Speed Marine Diesel Engines Samyoung Machinery Co., Ltd. (2009)

Water Mist Fire Fighting System for Machinery Areas Tanktech Co., Ltd. (2009)

Fresh Water Generator Donghwa Entec Co., Ltd. (2009)

Ceiling Panel For Marine Accommodation BIP Industries Co., Ltd. (2009)

STACO Co., Ltd. (2010)

Bathroom Unit For Marine Accommodation BIP Industries Co., Ltd. (2009)

Integrated Control & Monitoring System Hyundai Heavy Industries Co., Ltd. (2009)

145kV GIS Hyundai Heavy Industries Co., Ltd. (2010)

Marine Ring Main Unit Hyundai Heavy Industries Co., Ltd. (2010)

Dual-Fuel Diesel Engine Wartsila-Hyundai Engine Company Ltd. (2010)

Lifeboat Hyundai Lifeboats Co., Ltd. (2010)

Cylinder Head for Medium-Speed Deisel Engines Samyoung Machinery Co., Ltd. (2010)

Unit Toilet STACO Co., Ltd. (2010)

Marine Door BN Cosmo (2010)

Cabin Unit BIP Industries Co., Ltd. (2010)

Automatic Solid-Liquid Separation Filter Yoowon Industries Ltd. (2010)

Cylinder Cover Hansco Co., Ltd. (2011)

DAECHANG SOLUTION CO., LTD. (2011)

Ballast Water Management System Panasia Co., Ltd. (2012)

NK Co., Ltd. (2013)

Emergency Generator for Marine Application GPC Corporation (2012)

Marine Fluorescent Lights Kukdong Elecom Co., Ltd. (2013)

Daeyang Electric Co., Ltd. (2014)

I.C.C.P. & M.G.P.S. K.C. Co., Ltd. (2013)

Cryogenic Pipe Insulation Kangrim Insulation Co., Ltd. (2014)

Level Monitoring System Hanla IMS Co., Ltd. (2014)

Connecting Rod Hyunjin Materials Co., Ltd. (2014)

Marine Economy Korea6

Featuring vibration control, low maintenance cost and exceptionalservice, Doosan Engine's marine diesel engine has played a key rolein Korea's emergence as the world's leading shipbuilding nation.Doosan Engine has applied in-house vibration analysis andoptimized engineering design to sharply reduce engine vibration,resulting in a premium model.

It uses top quality parts from government-certified suppliers andadheres to strict quality control during assembly to improvedurability and reduce failure rate. As a result, the cost of enginemaintenance is minimized.

Doosan Engine Co., Ltd.(Certified Year 2002)

List of Certified World-Class Korean Marine Equipment Products

Marine Diesel Engine (Over 6,000 BHP)HS Code: 8408103000

Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, isalso the world’s largest marine diesel engine manufacturer (over6,000bhp) with an approximately 35% global market share.

HHI’s reputation as a world-class marine diesel engine supplier isrooted in its superb performance as well as its state-of-the-artproduction facilities that include foundry, forging, machining,crankshaft, assembly and testing shops that specialize in dieselengine manufacture.

Hyundai Heavy Industries Co., Ltd.(Certified Year 2002)

STX HI has been providing high-quality large-bore diesel enginesfor marine propulsion under a technical tie-up with MAN Diesel AS.All engines comply with the speed dependent IMO NOx emissionlimitations in Annex VI of MARPOL 73/78as per the ISO8178 testcycle E2/E3 for heavy Duty Diesel Engines.

Currently, annual production capacity is about 4million HP inoutput and 300 units in quantity. STX is especially equipped withthe facilities for gas mode operation, which enable dual-fuelengines to be tested.

STX Heavy Industries Co., Ltd.(Certified Year 2006)

Marine Economy Korea 7

NK Co., Ltd.(Certified Year 20002)

High-Pressure CO2 Fire Extinguishing SystemHS Code: 8424100000

Marine CableHS Code: 8408103000

NKs' versatile and unique actuating devices enable simple and reliable actuation ofthe carbon dioxide fire extinguishing system. With the use of copper tube for thecontrol lines, the cost of the actuating system is extremely low.

NK's high pressure CO2 fire extinguishing system has been approved bygovernment authorities and classification societies in leading countries andequipped on over a thousand ships. The product features total & semi-totalflooding systems for engine room, pump room, cargo holds, etc., and manualrelease system for cargo holds.

Kukdong Electric Wire Co., Ltd.(Certified Year 2002)

Kukdong is a cable manufacturer for ships and offshore plants based on itsknowhow accumulated for 40 years. Kukdong's marine cable boasts the highestlevel of quality and price competitiveness. The company occupies the world's No.1 position in the area of shipboard and offshore cables.

Applied standards to Kukdong's marine cables are JIS C 3410/IEC 60092-354 fordesign guidelines, IEC 60332-1 for flame retardant and IEC 60332-3 Cate. 'A' ("FA-"type only). GL and NK certified, construction details of the product includeconductor: circular tinned annealed copper wire, insulation: EPR,conductor/insulation screen: semi-conducting layer, etc.

LS Cable & System Ltd.(Certified Year 2002)

The 50-year history of LS Cable & System began with the mission to help rebuildKorea’s economy. Following completion of the Anyang plant in 1966, LS Cable &System led Korea’s cable industry and then secured its foundation for industrialdevelopment by establishing a technical tie-up with Hitachi Cable, opening Gumiplant and R&D center.

LS Cable & System is the first Korean cable maker to enter the South Americansubmarine cable market with a contract to supply 230kV extra high-voltagesubmarine cables to Venezuela. The company also won the submarine cableproject for efficient power supply between Long Island and Captree Island to theeast of New York. It has won marine cable projects in succession from manycountries, including Indonesia and Malaysia.

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Marine BoilerHS Code: 8402120000

JS Cable Co., Ltd.(Certified Year 2002)

JS Cable Co., Ltd. is providing, fire-resistant halogen-free marine cable. Thecompany, equipped with state-of-the-art facilities, pursues global standard quality,safety & environment with full compliance to ISO 9001, ISO 14001 and OHSAS18001 standards.

Since its foundation in 1968, JS Cable has been renowned for endless innovationand creative ideas, implementing best practice HR program and new ERPi n i t i a t i v e s .

TMC Co., Ltd.(Certified Year 2007)

TMC's marine cables feature different characteristics depending on their use, suchas for oil, LNG or automobiles. Especially, its naval cables installed on destroyersand submarines are not only flame retardant, halogen free and low smoke but alsowaterproof and lightweight.

With its market-leading capability in materials and product technology, TMC hasbeen providing high-tech-based products certif ied by world-renownedshipbuilding-related classification bodies, such as Lloyds of U.K. to prove theirreliability and credibility. Its products are ISO 900/1400 certified and approved byABS, BV, CCS, DNV, GL, LR, NK and RINA.

Kangrim Industries Co., Ltd.(Certified Year 2002)

Listed on KOSDAQ, Kangrim Heavy Industries boasts a 60% share of the globalmarket for various marine boiler models on the strength of its production qualityand wide service network with 67 locations throughout the world. Kangrim's boilerseries, installed in a vessel's engine room, provide water in an airtight container,manufactured of steel or cast-iron to turn water into steam using oil or gas for fuel.

Kangrim's certifications and awards include OHSAS 18001, ABS quality evaluations,and ISO 14001 for its shop approved by CCS for boiler and heater installation. InJanuary 2014, the company was awarded the Quality & FPD for EquipmentInsulation for the PRELUDE FLNG.

Marine Economy Korea 9

Steering GearHS Code: 8487909090

Wall PanelHS Code: 7308909000

Yoowon Industries Ltd.(Certified Year 2002)

Since its establishment, Yoowon Industries has been producing and supplyinghigh-quality steering gears and other ship machines and parts to majorshipbuilding companies at home and abroad. Yoowon manufactures its productswith the highest standards for all ship classifications, such as ABS, DNV, LT, GL, BVand KR.

Yoowon also obtained the international standard ASME U & PP as well as ISO9001 and ISO 14001 certifications. The company's steering gear features trouble-free, quiet operation, no-load motor start-up, compact arrangement and easyinstallation. Its steering gear line-up consists of M Series (mechanical pumpcontrol), T Series (electrical pump control) and C Series (valve control).

BIP Industries Co., Ltd.(Certified Year 2003)

BIP's wall panel can be constructed as a partition case by case. It has a variety ofcolors to satisfy any customer. Certified by ABS, LG, GL, DNV, BV, USCG and BBG,BIP’s panel system is characterized as fireproof, noise reducing, lightweight andeasy to install. It also has acquired the CE Mark.

The company’s products are wide-ranging according to specific applications:standard wall panel system (spline joint), insert-type wall panel system, removable-type wall panel system, A-60-class wall panel, high noise reduction wall panel, andlightweight wall panel. Most of these products are 0.6mm thick galvanized steelsheet finished with decorative material.

STACO Co., Ltd.(Certified Year 2003)

STACO’s wall panel designs offer not only aesthetic appeal but also outstandingdurability with a variety of colors. Furthermore, the company’s products are proudof sound absorption, fire protection and safety capabilities in addition to westerndesigns and unique finishes.

Applications of STACO’s products are from maritime accommodation to super-luxurious cruise vessels as well as interior the of offshore plants. Having a hugeshare in overseas markets, the company is determined to create a new paradigmof optimal utilization and functionality of space with high quality and advanceddesigns, while moving to the next level, spreading across the world's oceans.

Marine Economy Korea1 0

Crankshaft for Large EngineHS Code: 8483-10-9090

Hyundai Heavy Industries Co., Ltd.(Certified Year 2003)

Using the latest CNC and NC heavy-duty crankshaft and crank-throw lathes,Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, produces semi-built-up crankshafts and mono-block crankshafts. The key to the competitivenessof HHI’s large engine crankshafts fitted on vessels operating worldwide is theseamless integration of all production processes that ensure world-class quality.

HHI’s Engine & Machinery Division, accounting for 35% of the global marinediesel engine market, is responsible for all related processes, ranging fromplanning, material procurement, testing, and certification to delivery.

Doosan Heavy Industries & Construction Co., Ltd.(Certified Year 2003)

Doosan Heavy Industries & Construction produces high-grade large enginecrankshafts, a key component of marine diesel engines.

Combining its original technology and state-of-the-art facilities, the company'sworld-class products perfectly comply with global standards and regulations.

The company has obtained some 50 kinds of certifications for meeting globalstandards, including ASME, KEPIC, ISO 9001/ 14001 and OSHAS 18001, frominternational certification organizations for its operation of quality assurance systemas well as environment and safety management system.

STX Metal Co., Ltd.(Certified Year 2009)

STX Metal produces a flagship crankshaft for large marine engines utilizing its long-

accumulated expertise and know-how. ISO 9001, ISO 14001 and OHSAS 18001

certified, the company's crankshafts have acquired international approvals from

DNV, NK, LR and GL.

Amid an ever-intensifying competition in the marine equipment industry, STX

Metal is endeavoring to secure a competitive edge for its products, including

crankshafts, in the world market through incessant R&D and enhancement of

technological prowess.

Marine Economy Korea 1 1

Synchronous Generator for Marine ApplicationHS Code: 8501532000

Marine Diesel Engine (4-Stroke)HS Code: 8404103000

Hyundai Heavy Industries Co., Ltd.(Certified Year 2004)

Hyundai Heavy Industries (HHI) builds synchronous generators customized tocustomer request for any marine application, supplying and testing them inaccordance with criteria set by international organizations like IEC, NEMA, etc.Underpinned by the reliability of HHI, the world’s largest shipbuilder, the extensiveexperience and skill of the company’s professional manpower with respect to designand manufacture in the latest specialized facilities ensure world-class products.

The strengths of HHI’s synchronous generators include anti-corrosion treatment,robust structure proven with FEM analysis, low vibration, low noise, and topquality and safety. The company’s synchronous generators are operating aboardvessels sailing throughout the world.

STX Engine Co., Ltd.(Certified Year 2004)

STX Engine provides high-quality large-bore diesel engines for marine propulsionand power plants to major shipbuilders and end-users all over the world under atechnical tie-up with MAN Diesel AS.

Its annual production capacity is about 4 million HP in output and 300 units inquantity, being especially equipped with facilities for gas mode operation, whichenables testing of duel-fuel engines.

Hyundai Heavy Industries Co., Ltd.(Certified Year 2004)

Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, has developed itsown specially designed four-stroke marine diesel engine.

The HiMSEN engine’s Hi-Touch design is the result of HHI’s extensive experienceand valuable technical know-how acquired in the manufacture of marine dieselengines for over two decades.

The innovative production process and service related to the Hi-Touch HiMSENfollows HHI’s policy to constantly maintain an effective and efficient qualitymanagement system documented and complying with the requirements ofinternational standards (ISO9001, KS A 9001) as well as customer contractualrequirements. HHI ensures that the basic policies developed and documentedunder its quality management system are adhered to strictly.

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Fixed-Pitch Propeller for Marine PropulsionHS Code: 8803100000

Hyundai Heavy Industries Co., Ltd.(Certified Year 2004)

Hyundai Heavy Industries Co., Ltd. (HHI), the world's leading shipyard, ismanufacturing and supplying fixed-pitch propellers for propulsion systemsdesigned to provide the market with a reliable, cost-effective and eco-friendlys o l u t i o n .

Especially optimized for the HiMSEN propulsion package, developed by HHI'sEngine & Machinery Division, the system includes auxiliary load machinery.

HHI's Engine & Machinery Division, accounting for 35% of the global marinediesel engine market, is responsible for all related processes, ranging fromplanning, material procurement, testing, and certification to delivery.

Turbo-Charger for Medium Size Marine Diesel Engine (Below 5,000kW Class)HS Code: 8414809900

STX Metal Co., Ltd.(Certified Year 2005)

Since its founding in 1987, STX Metal has strengthened its market-leading positionby increasing its manufacturing capacity by an average of 130% annually, therebyreaching its current level of 5,000 turbochargers a year.

One of STX Metal's key export items is its four-stroke turbocharger, consisting of aturbine and a compressor on a shared shaft. The company has acquired the EM(Excellent Machinery) mark from the government for its turbochargers. ISO 9001,ISO 14001 and OHSAS 18001 certified, the product also has won approvals fromDNV, NK, LR and GL.

Crankshaft for 4-Stroke EngineHS Code: 8483109090

STX Metal Co., Ltd.(Certified Year 2006)

The crankshaft is an essential component of an engine, installed inside thecrankcase. It converts piston motion from the expulsion stroke into rotation andtransmits the rotation of the engine outwards.

It plays a pivotal role in transmitting the motion to pistons on the intake,compression and exhaust strokes. The crankshaft for four-stroke marine engines isone of STX Metal's key export items, earning a strong reputation in the globalm a r k e t .

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Hyundai Heavy Industries Co., Ltd.(Certified Year 2006)

Deriving synergy from the relationship between the Engine & Machinery Divisionand the mainstream Shipbuilding Division, Hyundai Heavy Industries (HHI), theworld’s leading shipbuilder, developed a high-power, high-function crankshaft for4-stroke diesel engines.

This innovative crankshaft is optimized to damper torsional vibration to ensureefficient combustion performance.

HHI's Engine & Machinery Division, accounting for 35% of the global marinediesel engine market, is responsible for all related processes, ranging fromplanning, material procurement, testing, and certification to delivery.

Sunwoo CS Corporation(Certified Year 2012)

Sunwoo CS Corp. is a specialty manufacturer of crankshafts for four-stroke dieselengines. Its crankshafts are installed in the crankcase and convert the force ofpistons powered by the explosion stroke in each cylinder into rotational force so asto transfer engine power to external equipment.

Owning the largest share of the global market in this segment, Sunwoo hasdeveloped state-of-the-art technology and a creative innovation system rangingfrom production to delivery.

Its certifications and awards include ISO 9001, Venture Company Certificate, Inno-Biz SME Certificate, US$5 Million Export Tower, etc.

Main Bearing Support for Medium & Large Size Marine Diesel EngineHS Code: 8409993030

Daechang Solution Co., Ltd.(Certified Year 2006)

Specializing in the production of cast steel parts for marine engines, DaechangSolution has over a 60% share of the global market for bearing supports,indispensible parts for marine engines.

Daechang's main bearing supports for medium and large-size marine dieselengines have earned high marks from marine engine builders, shipowners andclassification societies all over the world. Other marine engine parts available fromthe company include centerpieces, chain wheels and piston crowns.

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Samyoung M-Tek Co., Ltd. (Certified Year 2011)

Samyoung M-Tek's cast steel is designed to be conveniently used especially forlarge products with complicated structure. Samyoung's main bearing support iswelded onto a bed plate, a welded structure that supports crankshafts and large-sized ship engines.

ISO 9001 certified, the company has acquired certifications from KR, ABS, BV, CCS,DNV, GL, Lloyd, NK and RINA. In 2011, its product occupied a 45% share of theentire global market in terms of sales. It exports its products around the world aswell as supplying them to leading Korean shipbuilders.

Exhaust Valve for Large Size Marine Diesel Engine (2-Stroke)HS Code: 8409993030

Keumyong Machine Co., Ltd.(Certified Year 2006)

The bigger 2-stroke marine diesel engine used for driving the propeller has a singleexhaust valve located at the center of the cylinder head. Modern day engines usehydraulically operated exhaust valves where the spring action is provided bypneumatic arrangement.

Keumyong's exhaust valve cage is made of cast iron as are the valve guidesrequired for soft lubricating material because of the continuous sliding motion ofthe valve spindle through it. Made with strong materials, such as molybdenumsteel, the company's valve seat is refurbishable.

Economizer HS Code: 3912909000

Kangrim Heavy Industries Co., Ltd. (Certified Year 2006)

Kangrim is leading the trend in economizer technology, along with thetechnological development of marine boilers and inert gas generators. Itseconomizer is capable of significant cost-savings for ships by using the generatedsteam created by the reuse of waste heat of the main engine exhaust gas.

The company developed the heat exchange equipment for the economizer andthe basic equipment for production facilities. It supplies economizers to domesticand overseas offshore ship manufacturers, while dominating the domestic marketin terms of sales volume.

Marine Economy Korea 1 5

Marine SwitchboardHS Code:

Hyundai Heavy Industries Co., Ltd.(Certified Year 2007)

Hyundai Heavy Industries (HHI), the world’s number one shipbuilder, has appliedits accumulated technology and experience in marine electric power distributionand control systems in producing its world-class marine switchboard.

The marine switchboard is among the HHI products that feature reliable designand that are highly regarded for economy, efficiency and outstandingperformance. The product portfolio includes low- and high-voltage powerdistribution system with integrated protective devices to ensure continuousoperation. These systems are installed on a large number of ocean-going vesselsoperating throughout the world.

Cargo Oil Pump & Water Ballast PumpHS Code: 8901200000

Hyundai Heavy Industries Co., Ltd.(Certified Year 2007)

Based on its extensive experience and expertise as the world’s largest shipbuilder,Hyundai Heavy Industries (HHI) has produced and supplied innovative cargo oilpumps and ballast water pumps since 1995, gaining a valued reputation aroundthe world. HHI’s latest cargo oil pump system boasts an improved hydraulicconfiguration and streamlined design to provide a compact system that generatesless noise and vibration. It also facilitates maintenance with a flushing pipe builtinto the casing and a cartridge-type mechanical seal. Moreover, the systemfeatures a high-efficiency volute discharge pump, a high-performance volutesuction pump and wear ring configuration.

Guide Shoe for Large Size Marine Diesel EngineHS Code: 8409993030

Shina Metaltech Co., Ltd.(Certified Year 2007)

To ensure that the crosshead reciprocates in alignment with the piston in thecylinder, guide shoes are attached to either side of the crosshead pin. These shoesare lined with white metal, a bearing material, and reciprocate against thecrosshead guides, which are bolted to the frame of the engine between eachcylinder.

Shina Metaltech's guide shoes are widely recognized among customers at homeand abroad due to their excellent quality and price competitiveness among otherfeatures. To further advance its technology, the company is continuing R&D basedon its accumulated expertise and know-how.

Marine Economy Korea1 6

Cylinder Liner for 2-Stroke Marine Diesel EnginesHS Code: 8409993030

Hyundai Heavy Industries Co., Ltd.(Certified Year 2007)

As an essential component of two-stroke diesel engines, Hyundai Heavy Industries(HHI), the world’s largest shipbuilder, manufactures and supplies a world-classcylinder liner designed to maintain a stable oil film on the liner wall to protect itfrom wear and corrosion.

HHI’s Engine & Machinery Division is one of the world’s three largest producers oftwo-stroke marine diesel engines utilizing state-of-the-art facilities including a high-quality, high-efficiency cylinder liner production system.

HHI's Engine & Machinery Division, accounting for 35% of the global marinediesel engine market, is responsible for all related processes, ranging fromplanning, material procurement, testing, and certification to delivery.

Cape Industries Ltd.(Certified Year 2007)

Cape Industries Ltd. produces a cylinder liner for main engines that require wearresistance and high performance as a major component during piston operation.

The company's cylinder liners have earned ISO 9001, ISO 9002, ABS, DNV, KR,and other certifications.

Cape's main customers are Doosan Engine, Hyundai Heavy Industries, WartsilaSwitzerland, Shipowners and engine builders around the world. Cape plans tobuild a new facility to house all its manufacturing in one location where logisticsand infrastructure are even better than the current one.

STX Metal Co., Ltd. (Certified Year 2007)

STX Metal produces cylinder liners for two-stroke diesel engines, products that playa pivotal role in ensuring a piston's reciprocating motion as designed. On thestrength of its strong quality assurance program, STX Metal meets globalstandards and regulations, being certified under ISO 9001, ISO 9002, ISO 14001and OHSAS 18001.

STX Metal operates two factories in Changwon, Gyeongnam Province, equippedwith modern facilities and complying with all laws and regulations forenvironmental safety and health.

Marine Economy Korea 1 7

Air Cooler for Marine EnginesHS Code: 8419509000

DongHwa Entec Co., Ltd.(Certified Year 2007)

Since its foundation in 1980, DongHwa Entec has successfully developed andmanufactured air coolers for both low-speed and high-speed engines. As a result,DongHwa Entec has grown into the global leader of the air cooler market with a50% market share. One of its products, the Charged Air Cooler is used to raise thetemperature of compressed air supplied by the turbocharger in order to improvethe power and efficiency of diesel engines. This product is comprised of Fin &Tube, Tube Sheet, Casting and Water Chamber.

Cylinder Frame for Two-Stroke Diesel EngineHS Code: 7308-90-9000

Hyundai Heavy Industries Co., Ltd.(Certified Year 2008)

Based on the most up-to-date technology accumulated through its wealth ofexperience in manufacturing diesel engines, Hyundai Heavy Industries (HHI) ismanufacturing and supplying cylinder frames for two-stroke diesel engines.

HHI's Engine & Machinery Division, accounting for 35% of the global marinediesel engine market, is responsible for all related processes, ranging fromplanning, material procurement, testing, and certification to delivery.

Turbocharger for Two-Stroke Diesel EngineHS Code: 8409-99-3030

Hyundai Heavy Industries Co., Ltd.(Certified Year 2008)

Based on the latest technology accumulated through its extensive expertise andexperience in manufacturing diesel engines and a wide variety precisionmachinery, Hyundai Heavy Industries (HHI) produces exhaust gas turbochargers:ABB TPL & A type, and HHI's MET type for turbocharged diesel engines.

HHI's Engine & Machinery Division, accounting for 35% of the global marinediesel engine market, is responsible for all related processes, ranging fromplanning, material procurement, testing, and certification to delivery.

Marine Economy Korea1 8

STX Metal Co., Ltd. (Certified Year 2010)

STX Metal produces turbochargers for two-stroke diesel engines, featuring lowcost, high performance and maximization of energy efficiency.

As the only manufacturer of turbochargers for mid-sized diesel engines in Korea,STX Metal's turbochargers meet global standards and regulations with strict qualitycontrol and advanced production facilities.

STX turbochargers feature a compact structure designed to reduce costs andenhance efficiency, while providing optimum system matching to conserveenergy, a result of STX Metal's accumulated technology and continuous R&D.

Inert Gas GeneratorHS Code: 8405-10-9000

Kangrim Heavy Industries Co., Ltd.(Certified Year 2008)

Securing over 60% of the world market share for marine boilers, Kangrim HeavyIndustries is a world-leading manufacturer of inert gas systems (IGS) for the marineindustry, embracing tankers and LNG & LPG carriers.

Kangrim's IGS consists distinctively of a gas producer and scrubbing system,ensuring the correct environment in the cargo tanks and piping to minimize therisk of explosion onboard FPSO, etc.

Electronic Control Fuel Supply UnitHS Code: 8409-99-3030

Whayoung Co., Ltd.(Certified Year 2008)

Whayoung Co., Ltd. is manufacturing and supplying electric control fuel supplyunits for eco-friendly, electronically-controlled engines that save fuel, reduceharmful gas emissions, and minimize noise & vibration.

In conjunction with WARTSILA flex engines, the supply unit compresses andsupplies fuel to the main engine.

To achieve customer satisfaction and exceed customer expectations, Whayounghas adopted single PPM, ISO, six-sigma and other quality management systems tominimize loss, improve accuracy and respond in a more timely manner.

Marine Economy Korea 1 9

High Voltage Motors for Marine ThrustersHS Code:

Hyundai Heavy Industries Co., Ltd.(Certified Year 2008)

Hyundai Heavy Industries (HHI), the world's top shipbuilder, is manufacturing andsupplying high voltage motors for marine thrusters, mounted at either the bow orstern, playing a key role in controlling the ship's sideward movement.

In order to make the best quality products and services, HHI have extablished acomplete quality assurance program, from production to agter-sales service, thatcomplies with the ISO 9001 and ISO 14001 requirements.

It has acculmualted an enormous amount of experience in various industryesenabling us to provide turinkey solutions for you.

Medium-Speed Diesel Engine Power PlantHS Code: 8409.99.9090

Hyundai Heavy Industries Co., Ltd.(Certified Year 2008)

Hyundai Heavy Industries (HHI), the world's No.1 shipbuilder, manufactures andsupplies medium-speed diesel engine power plants in conjunction with itsdevelopment of Korea's first independently designed in-house engine, the HyundaiH i M S E N .

The sale of diesel power plants, including packaged power stations, hasdramatically increased in 32 countries such as Cuba, Brazil, the Middle East, Africa,Europe and many Asian countries.

HHI's Engine & Machinery Division, accounting for 35% of the global marinediesel engine market, is responsible for all related processes, ranging fromplanning, material procurement, testing, and certification to delivery.

Marine Propulsion ShaftingHS Code: 8487.10-0000

Hyundai Heavy Industries Co., Ltd.(Certified Year 2009)

Hyundai Heavy Industries Co., Ltd. (HHI), the top global shipbuilder, manufacturesand supplies dynamic, high-function marine propulsion shafting, combining thecompany's extensive marine mechanical engineering experience and expertise.

HHI's propulsion shafting is designed and structured to leverage the excellence ofits four-stroke diesel engine with lower thermal load, lower exhaust gastemperature, and lower fuel consumption.

Marine Economy Korea2 0

Side ThrusterHS Code: 8411 . 2 2 . 9 0 . 1 0

Hyundai Heavy Industries Co., Ltd.(Certified Year 2009)

Hyundai Heavy Industries (HHI), the leading global shipbuilder, is manufacturingand supplying side thrusters for installation at either the bow or stern to control thevessel's sideward movement.

HHI's Engine & Machinery Division has delivered numerous orders for variousthrusters from customers around the world, including DSME, Irisl, Schulte, MSE,SCI, Seaspan, etc.

HHI's Engine & Machinery Division, accounting for 35% of the global marinediesel engine market, is responsible for all related processes, ranging fromplanning, material procurement, testing, and certification to delivery.

Common Rail Unit HS Code: 8409-99-90

Wonil Co., Ltd. (Certified Year 2009)

Wonil Co., Ltd., a specialty manufacturer of low-speed engine parts for marinevessels, succeeded in localizing a common rail unit (CRU) that injects fuel using anelectronic controller to enhance combustion efficiency and reduce fuelconsumption.

It reduces engine smoke by 30% compared with conventional mechanically-controlled diesel engine injectors and its fuel efficiency is 15% better.

Equipped with state-of-the-art manufacturing facilities, the company has acquiredvarious certifications and awards including ISO 9001, ISO 14001, ASME, etc.

Pistons for Medium-Speed Marine Diesel EnginesHS Code: 8409.99.3030

Samyoung Machinery Co., Ltd.(Certified Year 2009)

Samyoung pistons are manufactured utilizing the latest design and technology based on thecompany's 39 years of piston production experience, resulting in unsurpassed performance.Samyoung is capable of not only manufacturing pistons but also designing a new piston from scratchfor medium-speed diesel engines. Utilizing the latest calculation methods, including FE analysis,elastohydrodynamics and multi-axial fatigue analysis, Samyoung's piston designs guarantee solidreliability and outstanding performance at the same time.

Samyoung’s customers come from all over the world including top-ranking domestic companies suchas MAN Diesel & Turbo, Hyundai Heavy Industries Co., Ltd., STX Engine, Doosan Engine, KORAIL,Mitsubishi Heavy Industries, etc.

Marine Economy Korea 2 1

Water Mist Fire Fighting System for Machinery AreasHS Code: 8531.10-2000

Tanktech Co., Ltd.(Certified Year 2009)

Tanktech's X-MIST SYSTEM extinguishes or controls fires by cooling, oxygendisplacement by water vapor and radiant heat attenuation. The exceptionalcooling effect of water mist from the system is a result of the dispersion of waterinto very fine droplets, which increases the total surface area available to absorbheat and maximizes the evaporation rate of the water.

As a manufacturer of special safety equipment for inflammable fuel tanks andmarine cargo tanks, Tanktech has been pursuing high-quality products andexcellent service ever since its foundation.

Fresh Water GeneratorHS Code: 8419.50-9000

Dongwha Entec Co., Ltd.(Certified Year 2009)

Dongwha Entec's fresh-water generator (FWG) produces fresh water fromseawater and comes in two models - low-pressure evaporation type and reverseosmosis type. Currently, most merchant ships in the world are equipped with thelow-pressure evaporation type to produce fresh water using steam or jacket water,which is a waste heat source from the engine, These FWGs are largely divided intoshell & tube type and plate type.

In this system, seawater is vaporized under vacuum by an external heat source andsalinity is removed from the vaporized seawater and fresh water is obtained bycondensation, maintaining the salinity level not to exceed 0~10ppm. FWGs consistof vaporizer, condenser, demister, salinometer, distillate pump, ejector and steaminjector. Dongwha's fresh-water generator is actively exported to Japan, China,Singapore, and Brazil.

Ceiling Panel for Marine AccommodationHS Code: 7308.90.9000

BIP Industries Co., Ltd.(Certified Year 2009)

BIP's Ceiling Panel System is used for accommodations. It can be constructed as apartition on a case-by-case. BIP basis products offer more esthetic and comfortablerooms with better designs than competitors.

The BIP panel system, which has already obtained certificates from severalclassification societies (e.g. ABS, LR, GL, DNV, BV, USCG and SBG), is characterizedas fireproof, sound insulating, light weight and easy to install. Moreover, it alsoreceived the European "CE MARK", a symbol of certified quality.

Marine Economy Korea2 2

STACO Co., Ltd.(Certified Year 2010)

STACO ceiling panels offer aesthetic appeal and style, together with safety whilefeaturing a stable profile body and panel finishing. They are designed to endurehigh pressure in order to maintain structural safety, and the interval, and the end,the length of the profile are flexibly designed in order to meet the diverse needsand demands of customers. Finishing panels with paint and PVC film with variouspatterns, STACO ensures the best optimization of space. STACO provides the bestlevel of safety through continuous R&D as a global leader in the ship interiorsm a r k e t .

Installation is a key component of the overall production and service aspect. Basedon a well-organized system, the installation is executed as a one-stop process, fromdesign and manufacture through to installation. Customer satisfaction is ensuredthrough strict supervision and management.

Bathroom Unit For Marine AccommodationHS Code: 9406.00.9090

BIP Industries Co., Ltd.(Certified Year 2009)

The BIP bathroom unit offers various benefits, including flexible design; highquality; easy handling; simple installation; and competitive pricing. These units canbe fitted to various marine facilities, including not only cruise ships, but also cargocarriers as well as offshore installations at sea like oil rigs and so forth.

The BN BIP bathroom units are available in either shower type or the largerbathroom type, or the common type, without a shower or bath for vessels withshared bathing facilities, and can be supplied and/or fitted according to thecustomer’s specific requirements.

Integrated Control & Monitoring SystemHS Code:

Hyundai Heavy Industries Co., Ltd.(Certified Year 2009)

World number one shipbuilder Hyundai Heavy Industries (HHI) has developed anintegrated control & monitoring system that takes advantage of the company'stremendous expertise and experience in the shipbuilding & ICT sectors. One of HHI'sexcellent integrated control & monitoring systems is its SCADA system, designed toprovide a truly open SCADA platform for efficient integration of third-party softwareapplications and system standard software/hardware, All software and hardwareselections are designed and manufactured to meet industry standards.

Another outstanding system in HHI's portfolio is DCS, comprising a full range ofstate-of-the-art distributed control systems for applications in CCPP, water & wastewater treatment, and incinerator plants.

Marine Economy Korea 2 3

145kV GIS HS Code:

Hyundai Heavy Industries Co., Ltd. (Certified Year 2010)

The 145kV GIS (Gas Insulated Switchgear) of Hyundai Heavy Industries (HHI) iseasy to install with a space-saving compact design that provides full protectionagainst contact with live electrical parts. A major piece of electrical equipment forship operation, HHI's GIS contains a gas circuit breaker, disconnect switch andground switch. The GIS is filled with SF6 gas, which has the best insulation andarc-quenching capability.

HHI, aiming at making the best quality products and providing top service, hasestablished a complete quality assurance program, ranging from production toafter-sale service, that complies with both ISO 9001 and ISO 14001 standards.

Marine Ring Main Unit HS Code:

Hyundai Heavy Industries Co,. Ltd. (Certified Year 2010)

Hyundai Heavy Industries (HHI), the world's top shipbuilder, produces and suppliesMarine Ring Main Units, a distribution board designed to supply electricity torefrigerated containers. HHI holds the lion's share of the Marine Ring Main Unitmarket, combining expertise and experience in both the shipbuilding and electric& IT sectors.

In order to make the best quality products and services, HHI have extablished acomplete quality assurance program, from production to agter-sales service, thatcomplies with the ISO 9001 and ISO 14001 requirements. It has acculmualted anenormous amount of experience in various industryes enabling us to provideturinkey solutions for you.

Dual-Fuel Diesel Engine HS Code: 8408.10.2000

Wartsila Hyundai Engine Co., Ltd. (Certified Year 2010)

Wartsila-Hyundai Engine Company, a 50-50 joint venture between Wartsila Corporation and HyundaiEngine Company, is manufacturing and supplying dual-fuel diesel engines, representing a pioneeringindustry change from traditional steam turbine machinery to a dual-fuel-electric concept with thebenefits of much better operating economy and lower exhaust emissions. The engine can run oneither natural gas, marine diesel oil (MDO) or on heavy fuel oil (HFO).

Furthermore, the engine can smoothly switch between fuels during engine operation and is designedto give the same output regardless of the fuel used. Wartsila-Hyundai Engine Company has beencertified to the ISO 9001 Quality Management System standard. The certificate was issued on July 28,2008, by Netherlands-based accrediting authority DNV certification BV.

Marine Economy Korea2 4

L i f e b o a tHS Code: 8906002000

Hyundai Lifeboats Co., Ltd. (Certified Year 2010)

Hyundai Lifeboats is the only Korean manufacturer and supplier of lifeboats,equipment provided to save human life when vessels are in distress. Based on its 35years of experience and expertise, Hyundai's lifeboats meet the rigorous globalrequirements of SOLAS and IMO and customer satisfaction, guaranteeing maximumquality in all phases of design, engineering and production.

Hyundai's lifeboat portfolio includes such high value-added models as drill-shiplifeboat and cruise ship lifeboat. The company operates a global service network,providing maintenance, spare parts, repair, refurbishment and engineer training.

Cylinder Heads for Medium-Speed Marine Diesel EnginesHS Code: 8409.99-3000

Samyoung Machinery Co., Ltd.(Certified Year 2010)

Samyoung is currently the largest manufacturer in the world of cylinder heads formedium-speed diesel engines. Due to its large production scale of cylinder heads,Samyoung's customers receive significant benefit from economies of scale.Thousands of Samyoung cylinder heads have proven their reliability andtrustworthiness serving in maritime, stationary and locomotive applications allaround the world for nearly four decades.

Samyoung’s customers include top-ranking international and domestic companiessuch as MAN Diesel & Turbo, Hyundai Heavy Industries Co., Ltd., STX Engine,Doosan Engine, KORAIL, Mitsubishi Heavy Industries, etc.

Unit To i l e tHS Code: 9406-00-9090

STACO Co., Ltd.(Certified Year 2010)

Staco’s bathroom units, part of its unit toilet, feature very fast, convenient installation.They come in three types - shower type, bath type, and shared unit type. They areactively selected for ships as well as for hotels, houses and buildings on land thanks totheir outstanding functionality and ease of installation - they can be installed in anyspace regardless of the unit type.

Selecting practical, high-quality hardware makes it easier to maintain product qualityever longer. Staco is deepening its bid to effectively combine modern design withdiverse functions toward becoming a company consistently leading new trends inbathroom units.

Marine Economy Korea 2 5

Marine DoorHS Code: 7308300000

BN Cosmo(Certified Year 2010)

BN Cosmo's flagship marine door is especially designed for use in ships requiringfireproof functionality. Meeting the requirements of SOLAS and IMO, the product isconstructed with superior fireproof materials and sound insulation along with luxurydesign, leading a new system trend in fire prevention doors and fully meeting theneeds of customers. The product can be manufactured for any ship type - general,special, and passenger ship.

Different kinds of fire doors are currently produced in four types - A Class, B Class, CClass, and H Class - depending on the designated section. As an affiliate of BNGroup, a global conglomerate leading the world's shipbuilding market, COSMO isequipped with the world's largest production capacity combined with excellentmanpower and advanced production facilitates.

Cabin UnitHS Code: 9406-00-9090

BIP Industries Co., Ltd.(Certified Year 2010)

The BN BIP cabin unit system was primarily developed for passenger ships. It is acomplete cabin unit, consisting of walls, ceiling, bathroom, fixed furniture, piping,door and electrical components.

All components, as well as the final layout of each cabin, are designed using a specialCAD system to ensure high quality and compatibility.

The cabin units are assembled in a controlled environment, thereby reducing thepossibility of damage and ensuring quality.

Automatic Solid-Liquid Separation Filter HS Code: 8431.39

Yoowon Industries Ltd.(Certified Year 2010)

The automatic solid-liquid separation filters of Yoowon Industries Ltd. are used toclean many types of fluids, including lubrication oils.

Despite ever-increasing international competition, the company has risen to thechallenge with its own technology and design of oil filters for F.O. and L.O.applications. Featuring scientific and advanced technology and just-in-time delivery,Yoowon's experience has led to the optimum application of "mechatronics" toprovide customers with the very best service possible.

Marine Economy Korea2 6

Cylinder CoverHS Code: 8409.99-3030

HANSCO Co., Ltd.(Certified Year 2011)

HANSCO produces high-grade cast steel cylinder covers for vessel engines.HANSCO’s product competitiveness is based on its concentration on technologydevelopment in casting and machining over its 40-year history.

Most of its main export partners are located in Japan, China and Southeast Asiancountries. Some European countries and the United Sates are among the company'spromising new trading partners.

Ballast Water Management SystemHS Code: 8479-89-9099

Panasia Co., Ltd.(Certified Year 2012)

The ballast water treatment system of Panasia Co., Ltd. is a combination treatmentsystem that takes advantage of filtration and UV irradiation, the mostenvironmentally friendly and optimally designed solution for every kind of vessel thatis easy to install and operate.

Adopting a 100% physical treatment technology, GloEn-PatrolTM effectivelydisinfects harmful aquatic organisms and pathogens in ballast water withoutproducing any toxic substance during ballasting and de-ballasting.

Panasia is in the process of acquiring certifications for its technology used in GloEn-PatrolTM to give full assurances to customers.

Daechang Solution Co., Ltd.(Certified Year 2011)

DAECHANG SOLUTION is a specialty producer of cylinder covers, a key componentof marine diesel engines for ships around the world. Maintaining leadership in thepertinent segment, DAECHANG products meet global requirements and regulations,acquiring ISO 9001, ISO 9002, etc.

As a leading company certified by Busan Metropolitan City, DAECHANG also hasacquired “Single PPM”, “INNO-BIZ” certificates.

DAECHANG SOLUTION's major clients include Hyundai Heavy Industries Co., Ltd.,Doosan Engine Co., Ltd., and STX Metal of Korea, MITSUBISHI HEAVY INDUSTRIES,MITSUI ENGINEERING & SHIPBUILDING, TOSHIBA, HITACHI ZOSEN, andKAWASAKI of Japan and DALIAN MARINE DIESEL and HUDONG HEAVYMACHINERY of China.

Marine Economy Korea 2 7

Emergency Generator for Marine ApplicationsHS Code: 8502-12-0000

GPC Corporation (Certified Year 2012)

GPC specializes in emergency generators for marine applications when the maingenerator cannot provide electricity or the ship is under blackout conditions. A high-speeddiesel engine is adapted to the marine emergency generator as primary power generator,featuring high-speed response, marine prime rating and mechanical governor.

GPC's emergency generator has acquired authorized classification society certificationfor dual starting systems. As a professional engineering company, GPC's customer-oriented project execution is on-time, meeting budget as well as customerexpectations with a responsive feedback system.

Marine Fluorescent LightingHS Code: 9405.40.9000

Kukdong Elecom Co., Ltd.(Certified Year 2013)

Kukdong Elecom's fluorescent lighting for all vessels incorporates features for fireprevention and anti-vibration.

The company's lighting portfolio consists of navigation & signal lights, floodlightsand searchlights as well as fluorescent, incandescent and LED fixtures that includewatertight and explosion-proof models.

Its major customers include Hyundai Heavy Industries, Samsung Heavy Industries,Daewoo Shipbuilding & Marine Engineering, and mid and small-size shipbuilders aswell as the international market.

NK Co., Ltd.(Certified Year 2013)

NK's ballast water treatment systems, in particular, are world-famous due to USCGAMS acceptance and DNV type approval.

They are supplied to shipyards, ship owners, offshore topside producers and majormarine product distributors. Its NK-O3 Blueballast system consists of oxygengenerator, ozone generator, ozone injector, air compressor and water chiller.

Under its company vision 'Green Promise for the People,' NK maintains its managerialideology for green world management and practices ethical management in its dailybusiness based on ISO 9001 (QMS), ISO 14000 (EMS) and ISO 18000 (OHSAS).

Daeyang Electric Co., Ltd.(Certified Year 2014)

On the strength of technology innovation and development, Daeyang Electric'svariety of fluorescent lights for marine applications has maximized the satisfaction forclients around the world due to reinforced technical specifications to be waterproofand resistant to vibrations within the ship's hull. The products also are impact-resistant, protecting against shocks caused by waves and explosion-proof to preventvessel fires.

Daeyang Electric's quality and technology competitiveness is rated alongside that ofthe leading global companies in the field. However, based on its know-how andexpertise, Daeyang can supply marine fluorescent lighting at moderate pricescompared to international competitors.

Marine Economy Korea2 8

I . C . C . P. & M.G.P. S .HS Code: 8543.70.9090

K.C. Ltd.(Certified Year 2013)

The corrosion protection I.C.C.P. system of K.C. Ltd. is designed based on the totalwetted surface area of the hull, including the surfaces of rudders/propellers and meancurrent density. Its marine growth prevention system (M.G.P.S.) includes ANFOSYS(electric anode type) optimized for flow rates lower than 5,000m3/ h .

Designed based on total sea water flowrate and lifetime, KC's anti-fouling system wasdeveloped to prevent the adhesion of marine fouling to seawater service lines byusing the Cu++ ion produced from a copper anode and anti-corrosive layer ofAl2(OH)3 produced by the aluminium anode. In its product portfolio, K.C. also offersECHLOSYS (chlorination type) optimized for flow rates higher than 5,000m3/h. Thesystem is designed to prevent the adhesion of marine growths to the internalpipelines of ships through the chemical reaction of chlorine compounds producedfrom the electrolysis of seawater.

Cryogenic Pipe InsulationHS Code: 3909.50.0000

Kangrim Insulation Co., Ltd.(Certified Year 2014)

Owing to its superior knowhow accumulated in carrying out insulation work for over150 ships. Kangrim Insulation is able to produce excellent polyurethane (PU)cryogenic pipe insulation after having made continuous improvements based on trialand error.

Operating three plants, Kangrim also has concluded technical ties with Japan's MeiseiIndustrial for LNG tank and pipe insulation. In 1998, it supplied GTT MARK III R-RUFfor the first time in Korea and GTT N096 LO3 Panel in 2013 also for the first time inthe world. It has a total of 350 professional employees.

Marine Economy Korea 2 9

Level Monitoring SystemHS Code: 9026102000

Hanla IMS Co., Ltd.(Certified Year 2014)

Hanla IMS, combining leading-edge technology with engineering expertise,supplies level monitoring systems, which are easy to install and integrate, tomonitor and control liquid cargo levels within the vessel. Fully meeting all safetyrequirements, Hanla IMS systems are recognized globally for providing maximumreturn on investment, contributing to enhanced development, building a betterw o r l d .

Hanla IMS's production of level monitoring systems reached US$8.1 million in2013, accounting for 6% of the US$136.6 million global volume.

Hanla's export of level monitoring systems exceeded US$8 million in 2013,representing 39.1% of all Korean exports in the segment.

Hanla IMS is committed to best quality, best technology and best service based onits comprehensive product portfolio, which extends to ballast water treatmentsystems (BWTS), with the rapidly expanding market for eco-ships around thew o r l d .

Connecting RodHS Code: 8409993030

Hyunjin Materials Co., Ltd.(Certified Year 2014)

Owing to its extensive expertise accumulated since its establishment in 1978,Hyunjin Materials has become a specialized manufacturer of connecting rods inaddition to various other marine equipment, turbine shafts for wind powergeneration facilities, crankshafts for ship engines and piston rods, cylinder coversfor ships, etc.

In 2013, Hyunjin Materials had the third largest share of the global market in termsof connecting rod production at US$13.5 million. or 17% of the world's totalproduction (US$77 million).

ISO 14001 and OHSAS 18001 as well as 'Green Growth' and ASME certified,Hyunjin Materials is an environment-friendly, future-oriented company pursuingharmony of humans and technology. Therefore, the company is well-knownabroad for its technology prowess and excellent product quality.

Marine Economy Korea3 0

World-Class Products

Ensuring Safety & Optimized Ship Operation

Hanla IMS's production of level monitoring systems reached US$8.1 million in

2013, accounting for 6% of the US$136.6 million global volume.

Hanla’s export of level monitoring systems exceeded US$8 million in 2013,

representing 39.1% of all Korean exports in the segment.

Global Market Scale Prospects: From US$136.6 Million in 2013 to US$242.8

Million by 2024

With the growing commitment to safety and environmental protection in the

maritime industry, global production of level monitoring systems is projected to

reach US$242.8 million by 2024, an increase of 78% compared with US$136.6

million in 2013.

Meanwhile, Korean production, led by frontrunner Hanla IMS, is expected to

grow to US$48.8 million over the same period, 20% of the global total,

compared with 15% in 2013 and 17% in 2017.

Competitive Edge: The Power of Integration

Hanla IMS is committed to best quality, best technology and best service based

on its comprehensive product portfolio, which extends to ballast water treatment

systems (BWTS), with the rapidly expanding market for eco-ships around the

world.

Hanla IMS, combining leading-edge technology with engineering expertise, supplies levelmonitoring systems, which are easy to install and integrate, to monitor and control liquid cargo levelswithin the vessel. Fully meeting all safety requirements, Hanla IMS systems are recognized globally for

providing maximum return on investment, contributing to enhanced development, building a better world.

Level Monitoring S y s t e m(HS Code: 9026102000 (9026.10-2000))

Hanla IMS

At a Glance

- Business Type: Manufacturer

- Established: July 1989

- Employee Number: 150

- Annual Sales: US$38 million (2013)

- Export Amount: US$18 million (2012)

- Certifications: ISO 9001 / ISO 14001

Website: www.hanlaims.com

Contact Point

- Contact: Robert Jung

General Manager, Dept. of

Technical Sales

- e-Mail: [email protected]

- Tel: 82-51-601-7000

- Fax: 82-51-831-1850

Marine Economy Korea 3 1

World-Class Products

Globally Recognized Leader in Marine Lighting

Global Market Share: 24.7%, Dwarfing Runner-Up’s 6.0%

In 2013, Daeyang occupied the largest share in the global market for marine lighting in termsof production, at US$119 million, or 24.6% of the world's total production (US$482 million).

In 2012, Daeyang also posted the largest amount of marine lighting exports (US$45.3million, 74.4%), followed by another Korean firm, Kukdong Elecom (US$15.6 million,25.6%). The company expects record exports of about US$47.6 million in 2014.

Global Market Scale Prospects: From US$509 Million in 2013 to US$736 Million in 2024

The global market for marine fluorescent lighting stood at US$509 million in 2013 andis expected to grow to US$568 million in 2017, US$614 million in 2019 and US$736million in 2024.

Meanwhile, Korean production in the field is projected at US$252 million in 2024,compared with US$174 million in 2013, US$194 million in 2017 and US$210 million in2019. Reinforced by Daeyang Electric's contribution, Korean market share is expected toaverage 34.2% over the 2013-2024 period.

Competitive Edge: Moderate Price, High Quality

Daeyang Electric's quality and technology competitiveness is rated alongside that of theleading global companies in the field. However, based on its know-how and expertise,Daeyang can supply marine fluorescent lighting at moderate prices compared tointernational competitors.

On the strength of technology innovation and development, Daeyang Electric’s variety offluorescent lights for marine applications has maximized the satisfaction for clients around

the world due to reinforced technical specifications to be waterproof and resistant to vibrations within the ship’s hull. Theproducts also are impact-resistant, protecting against shocks caused by waves and explosion-proof to prevent vessel fires.

Marine FluorescentLights (HS Code: 9405 40 9000)

Daeyang Electric Co. Ltd.

At a Glance

- Business Type: Manufacturer

- Established: May 1977

- Employee Number: 450

- Annual Sales: US$125 million

- Export Amount: US$45 million

- Certifications: LCIE, ABS, DNV, KR,

NK, CCS, OHSAS 18001, ISO 14001

(Total 1,222 Certificates)

Website: www.daeyang.co.kr

Contact Point

- Contact: Eric Hwang

Deputy General Manager, Dept. of

Overseas Sales

- e-Mail: [email protected]

- Tel: 82-51-200-5284

- Fax: 82-51-200-9589

Marine Economy Korea3 2

World-Class Products

Combination of Experiences & R&D Power

Global Market Share: 27%, Chasing Top Runner’s 53%

In 2013, Kangrim Insulation occupied the second largest share of the globalmarket in terms of cryogenic pipe insulation production at US$12.5 million, or27% of the world's total production (US$46.88 million). Kangrim’s exports ofcryogenic pipe insulation in 2013 also ranked second at US$12.5 million, or 33%of the nation’s total exports in the segment. The top Korean exporter in 2013 wasDongsung Finetec (US$25 million, 67%).

Global Market Scale Prospects: From US$46.88 mil lion in 2013 toUS$100.78 million in 2024

The global market for cryogenic pipe insulation reached US$46.88 million in2013 and is expected to grow to US$72.66 million in 2017, US$84.38 million in2019 and US$100.78 million in 2024. Korean production in the field is projectedto increase from US$37.5 million in 2013 to US$60 million in 2017, US$71.25million in 2019 and US$86.25 million in 2024. Meanwhile, the Korean share of theglobal market is expected to grow from 80% to 86% over the 2013~2024 period.

Competitive Edge: Strong Production Base, Incessant R&D

Operating three plants, Kangrim also has concluded technical ties with Japan’sMeisei Industrial for LNG tank and pipe insulation. In 1998, it supplied GTT MARKIII R-RUF for the first time in Korea and GTT N096 LO3 Panel in 2013 also for thefirst time in the world. It has a total of 350 professional employees.

Owing to its superior knowhow accumulated in carrying out insulation work for over 150 ships.Kangrim Insulation is able to produce excellent polyurethane (PU) cryogenic pipe insulation afterhaving made continuous improvements based on trial and error.

Cryogenic PipeInsulation (HS Code: 3909.50.0000)

Kangrim Insulation Co., Ltd.

At a Glance

- Business Type: Manufacturer

- Established: May 1981

- Employee Number: 350

- Annual Sales: US$55.9 million (2013)

- Export Amount: US$47.3 million (2013)

- Certifications: ISO 9001, ISO 14001,

BV, DNV, NK

Website: www.kangrim.co.kr

Contact Point

- Contact: Ahn Sang Wook

Manager, Dept. of Overseas

M a r k e t i n g

- e-Mail: [email protected]

- Tel: 82-51-220-6065

- Fax: 82-51-220-6006

Marine Economy Korea 3 3

World-Class Products

Powerful Connectivity to Marine Tech & Humans

Global Market Share: 17%, Catching Up With Competitors

In 2013, Hyunjin Materials had the third largest share of the global market in terms of

connecting rod production at US$13.5 million. or 17% of the world's total production

(US$77 million). Of particular note, regarding exports in 2013, Hyunjin Materials ranked

No. 1 in Korea with about US$5.5 million, accounting for 50% of the nation's total

exports (US$11.1 million) in the segment, followed by other Korean firms, Seohan ENP

(about US$3.5 million, 31%) and SPP Yulchon Energy (about US$1.6 million, 14%).

Global Market Scale Prospects: From US$77 Million in 2013 to US$127 Million in 2024

The global market for connecting rods reached US$77 million in 2013 and is

projected to expand to US$89 million in 2017, US$82 million in 2019 and US$127

million in 2024. In line with the growth of the global market, Korea’s domestic

production also is expected to rise from US$49 million in 2013 to US$57 million in

2017, US$52 million in 2019 and US$81 million in 2024. Meanwhile, Korea is

projected to maintain its share (64%) in the global market over the period.

Competitive Edge: High Technology, Excellent Quality

ISO 14001 and OHSAS 18001 as well as 'Green Growth' and ASME certified, Hyunjin

Materials is an environment-friendly, future-oriented company pursuing harmony of

humans and technology. Therefore, the company is well-known abroad for its

technology prowess and excellent product quality.

Owing to its extensive expertise accumulated since its establishment in 1978, HyunjinMaterials has become a specialized manufacturer of connecting rods in addition tovarious other marine equipment, turbine shafts for wind power generation facilities,

crankshafts for ship engines and piston rods, cylinder covers for ships, etc.

Connecting Rod(HS Code: 8409993030)

Hyunjin Materials Co., Ltd.

At a Glance

- Business Type: Manufacturer

- Established: April 1978

- Employee Number: 295

- Annual Sales: US$208 million (2013)

- Export Amount:

- Certifications: ISO 14001, OHSAS

1 8 0 0 1

Website: www.hjmco.co.kr

Contact Point

- Contact: Kim Duk

Hwa Manager, Dept. of Overseas

M a r k e t i n g

- e-Mail: [email protected]

- Tel: 82-51-602-7748

- Fax: 82-51-602-7747