MIRA INFORM REPORT

 

 

Report Date :

19.07.2007

 

IDENTIFICATION DETAILS

 

Name :

CHEIL INDUSTRIES INC.

 

 

Registered Office :

290, Gongdan 2-Dong, Gumi-Si, Gyeongbuk-Do, (P.O.Box 1955) -730-710

 

 

Country :

Korea

 

 

Financials (as on) :

31.03.2007

 

 

Date of Incorporation :

09/15/1954

 

 

Legal Form :

Listed Company

 

 

Line of Business :

Manufacture of Synthetic Resin and Other Plastic Materials

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow

 

 

Litigation :

Exists

 

 


Basic

 

Company Name

CHEIL INDUSTRIES INC.

Registered Address

290, Gongdan 2-Dong, Gumi-Si, Gyeongbuk-Do, KOREA(P.O.BOX 1955)

Zip Code

730-710

Tel

+82-54-468-2114

Fax

+82-54-468-2229

E-mail

ciidesk@samsung.co.kr

Website

www.cii.samsung.co.kr

Trading Address

Soosong Tower Bldg., 83-1, Soosong-dong, Jongro-gu, Seoul, Korea

Tel

+82-2-751-3355 

Fax

+82-2-2076-6966

Seoul Office

Samsung Jaeil Bldg., 707-2, Yoksam-dong, Gangnam-gu,Seoul,Korea  

Tel

+82-2-751-3355

Fax

+82-2-6099-2097

Euiwang Branch

332-2, Gochun-dong, Euiwang City, Gyunggi-do, Korea

Tel

+82-31-596-3114

Fax

+82-31-596-3114

Yosu Plant

62, Pyungyo-dong, Yosu City, Chun Nam Province, Korea

Tel

+82-61-689-1114

Fax

+82-61-689-1144

Gumi Plant

290, Gongdan-dong, Gumi City, Gyungbuk Province, Korea

Tel

+82-54-468-2114

Fax

+82-54-468-2229

Fashion Institute

Soosong Tower Bldg., 83-1, Soosong-dong, Jongro-gu, Seoul, Korea

Tel

+82-2-2076-7655

Fax

+82-2-2076-7659

Daejeon Branch

Floor No. 3, Korea Yakurt Bldg, 1297, Doonsan2-dong, Seo-gu, Daejeon City, Korea

Tel

+82-42-470-8900 

Fax

+82-42-470-8999

Daegu Branch

Floor No. 5, Samsung Fashion, Dongsung Road, 35-14, Bongsan-dong, Joong-gu, Daegu City, Korea

Tel

+82-53-250-1500 

Fax

+82-53-250-1599

Busan Branch

28-24, Namchun-dong, Sooyoung-gu, Busan City, Korea

Tel

+82-51-620-5670

Fax

+82-51-620-5649

Gwangju Branch

Floor No. 7, Donghwa Bldg., 96-2, Woonam-dong, Buk-gu, Gwangju City, Korea

Tel

+82-62-510-5500

Fax

+82-62-510-5595

Gwangju Office-Chemicals

Floor No. 6, Gwangju Trade Bldg., 1589-1, Woosan-dong, Gwangsan-gu, Gwangju City, Korea

Tel

+82-62-945-8844

Fax

+82-62-945-8858

Daegu Office-Chemicals

Floor No. 2, Samsung Life Insurance, 219-2, Naedang1-dong, Seo-gu, Daegu City, Korea

Tel

+82-53-564-4695

Fax

+82-53-564-4698

Busan Office

Floor No. 8, Samsung Financial Plaza Bldg., Choryang1-dong, Dong-gu, Busan City, Korea

Tel

+82-51-465-6829

Fax

+82-51-463-9152

Type

Export / Import

Industry

Manufacture of Synthetic Resin and Other Plastic Materials

Established (mm/dd/yyyy)

09/15/1954

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Men’s Garment

Sell

Casual Wear

Sell

Chemicals including ABS, PS, EPS, SAN, E/P

Sell

Electronic Components including EMC (Epoxy Molding Compound), EMS (Electro Magnetic Interference Shielding), PASTE, CMP Slurry, CR, ACF

Buy

SM

Buy

Silica

Buy

Wool

 

 

CEO’s

 

Name

Je Jin-Hoon

Date of Birth

02/16/1947

Title

President & CEO

Sex

Male

Nationality

Korean

 

 

Profiles

 

Capital

250,000,000,000 KRW

Employees

2,896

Formation

Listed Company (KOREA STOCK EXCHANGE: 001300) as of 05/15/1975

A Company of Samsung Business Group

Bank Details

Woori Bank- Namdaemun Branch

Corporate Registered No.

170111-0000076

Business Registered No.

504-81-00025

Permit & Licenses

1994 was the first Korea textile company to acquire ISO 9002 certificate

1988 first acquired the Q mark (quality certificate) for its wool products in Korea

1965 first acquired Wool mark license in Korea

 

Int’l Trade No.: 710448

Shareholder Position

Name

Shares

%

Morgan Stanley Investment Management

2,663,260

5.33

Mirae Asset Management

3,127,342

6.25

Korea Investment Trust Management

3,969,958

7.94

National Pension Fund

3,138,621

6.28

Others

37,100,819

74.20

Total

50,000,000

100.00

 

Company History

1954  9  Establishment of Cheil Woolen Fabrics Industries

             (Capital: KRW 100 million, First Installment: KRW 25 million)

1955  1  Dedication of the plant site and commencement of construction work

1955  3  Dedication of the plant site and commencement of construction work

1955  5  Beginning of construction of plants for fabric cloth, wool, dying, and processing

              Beginning of construction of a dormitory

1955  12  Warehousing of the first raw materials (Wool Top)

1955  12  Completion of the construction of the worsted wool plant

1956  1  Screening of male and female plant workers for the first time (Number of applicants: 2,940)

    164 employees pass the screening

1956  3  Completion of the construction of the dying and processing factories and beginning of operations of the fabrics room

1956  5  Beginning of plant operations

1956  5  First production of worsted wool

1956  5  First sales of of worsted wool

1956  6  Beginning of sales of worsted fabrics

1956  6  Beginning of operations of the carded wool plant

1957  1  Completion of the construction of the dying plant

1957  6  Worsted wool fabrics win the silver prize at EXPO

1957  10  President Seung-man Lee and the first lady visit the plant

1957  11  First Employee Athletic Competition

1958  6  Completion of construction of a dormitory for male employees

1958  12  Establishment of Jangmi Corporation (CEO: Young-chul Kim; Capital: KRW 10 million)

1959  8  Adoption of nine pieces of equipment in addition to the animal shearing/clipping machinery and adoption

             of one twisting machine

1959  9  Adoption of two 750 KW power generators

             Commendation of the first good proposals

1959  10  Completion of the construction of a water purification facility

1960  1  Building of a wool-combing plant and extension of the worsted fabrics plant

1960  2  Adoption of 5,000 worsted fabrics spinning machines

1960  3  Beginning of construction for extending the dormitory for female employees

1960  8  Starts medical treatment of a dentist's office

1961  1  Japanese advisors, Hayashi and Shimotori, visit Korea for technical advice for the first time

1961  2  Establishes Jangmi Club for employees (Membership Fee: KRW 10)

              Exports 3,000 yards of cloth for supply to the UN military for the first time

1961  4  Adopts machinery for the Wool Top plant (Nine wool-combing machines, five carding machines, and four

             fabrics machines)

1961  6  Organizes a national savings association for employees

1961  7  Exports rose mark worsted wool (3,000 pounds) to Hong Kong for the first time

1961  11  Jung-hee Park, lieutenant general, visits the plant

1962  4  Japanese advisors, Hayashi and Shimotori, visit Korea for technical advice for the second time

1962  5  Sang-young Sung is appointed as CEO

              Wins the grand prize at the EXPO to celebrate the first anniversary of the military revolution

             Completes construction of the Wool Top plant

1962  6  Holds an inauguration ceremony for the raw wool plant

1962  10  Announces the corporate song (Written by Eun-sang Lee and Composed by Dong-jin Kim)

1963  3  Exports cloth to Singapore for the first time

              Holds a third music concert celebrating the third Jangmi General Meeting

1963  4  Wins the championship of the President's Soccer Cup

1963  8  Members of the IMF Panel visit Cheil Industries

1964  1  Transfers export tasks to Samsung Corporation

              Inaugurates the Samsung Scholarship Committee

1964  5  Discontinues the publication of 'Rose' due to the publication of the Samsung Newsletter

1964  6  Performs medical checkups for all employees

1964  10  Establishes corporate marks and logos

1965  3  Establishes a management team under the Production Department at the Daegu Plant

1965  9  Obtains a Korean license for Wool Mark from I.W.S.

              President Jung-hee Park visits the plant

1966  3  Implements an all-employee system for the first time in Korea; Promotes plant workers to Employee Level 5

1966  5  Wins the first Quality Management Gyeong Buk Governor Award and the prize of an exemplary

              entrepreneur from the Korea Chamber of Commerce & Industry (Director Pil-jae Cho)

1966  6  Increases the worsted fabrics spinning machines to 5,600 units (Completes the extension of the

              dormitory for female employees)

1966  10  Jangmi Corporation starts supply of goods to the UN military in Korea

               Obtains West German Wool Mark license from I.W.S.

1966  11  Completes the construction of a plant for carbonization

1967  2  Chang-eup Lee is appointed as CEO

1967  3  Wins Silver Tower Industrial Medal

              Wins the gold prize for productivity quality management

1967  10  Holds the first exhibition of illustrated poems organized by the Jangmi Club

                Establishes the R&D Department

1968  1  Begins a Zero Defects (ZD) campaign

1968  3  Establishes reserve troops at work

              Begins construction of Gyeongsan Plant

1968  7  Modifies authorized capital to KRW 2.6 billion at the temporary shareholders' meeting

1968  12  The armed reserve Cheil Industries company wins the Ministry of Defence prize

1969  2  Eun-taek Lee is appointed as CEO

1969  5  Wins the Invention Award for Fibers for the first time in Korea

1969  6  Performs a trial production of chemical fibers

1969  7  Starts the increase of 20,000 chemical fibers spinning machines

1969  9  Completes the construction of a facility for 10,000 spinning machines at Gyeongsan Plant

1969  9  President Jung-hee Park inspects Gyeongsan Plant

1969  9  Produces Elite, clothing for students, Eston, clothing for men, and Lala, clothing for women

1970  5  Holds a rally for overcoming recession

1970  8  Starts production of Crevenette school uniforms made of polyester/wool/rayon mixed yarn

1970  9  Establishes Cheil Clothes

1970  10  Assembles 20,000 chemical fiber machines

1970  10  Wins first prize in soccer at the 51st National Athletic Competition

1970  11  Heon-sung Kim is appointed as CEO

1970  12  Rose 505, which is a fabric made of synthetic fiber, wins the grand prize at the 10th Product Exhibition

1971  6  Obtains s KS Mark from the Ministry of Commerce and Industry (No. 515 Phora, No. 516 Crevenette)

1971  7  Wins authentication from a plant inspector for the first time in Korea

1971  8  Increases the number of local agencies of clothing for students to six nationwide

1971  8  (Agencies-Wholesaler-Reseller distribution structure, 1972)

1971  10  Wins the grand prize at the National Advertisement Competition

1972  3  Begins operations for ready-made clothes by starting the production of wool knits (Golden Knit)

1972  4  Completes the construction of the Suwon Plant of Cheil Wear

1972  7  Spins off Gyeongsan Plant and establishes Cheil Synthetic Fiber

1972  12  Establishes a contract to lease 32 K electronic computers (Model 22, IBM System 36)

1973  1  Obtains authentication for the increase of 10,000 worsted fabrics spinning machines from the Ministry of

              Commerce and Industry

              Wins a medal from the Minister of Commerce and Industry at the World Products Exposition

1973  9  Obtains authentication as PTA business from the Ministry of Commerce and Industry

1973  10  Completes construction of a set of top manufacturing facilities

                Begins construction to increase in 10,000 worsted fabrics spinning machines

1974  5  Completes construction of a fiber center at Guro-dong

1974  7  Begins PTA business operations and establishes Samsung Petrochemicals

1974  9  Develops acryl and wool mixed fibers

1974  12  Woo-dong Cho is appointed as CEO

                Extends the dying plant and completes the construction of extending and moving dying machines

1975  1  Daegu Plant is designated as a Green Plant

              Cheil Wear is consolidated into the Sewing Sales Division of Samsung Corporation

               Wins a prize as an exemplary labor management company

1975  3  Develops T.C. knit wear

1975  5  Performs IPO

              Organizes an employee stock association

1975  6  Daegu Plant wins a medal of a good ZD group from the head of the Industrial Promotion Agency

1975  9  Organizes a civil defense corps

1975  10  Golden Tex wins the Advertisement Award on the 10th Broadcast Day

1975  10  Wins the first National Quality Management Award

                Wins the Quality Management Award at a standardization competition

1975  11  Adopts Corporate Identity Program (CIP) and DECOMAS

1976  1  Designated as the first company for testing woolen products by I.W.T.O.

1976  2  Changes of name to Cheil Industries

1976  3  Wins the Steel Tower Industrial Medal on the third commerce and industry day (Director Sung-woong

              Lee)

             Opens the Decomas Design Exhibition for the first time in Korea

             Holds the first general meeting for the members of the Employee Stock Association

1976  4  Wins the grand prize on the third reserve day

1976  6  Holds ceremonies for operating and hanging a board at Saemaeul Plant in Chilgok (116 sewing

              machines)

1976  7  Establishes the Construction team at Anyang Plant and purchases a 6,433 m2 site for clothing factory

1976  10  Completes the construction of Anyang Plant

               Wins the grand prize in advertisement from Jungang Daily and Dongyang Broadcasting Center

1976  12  Wins the presidential medal at the fourth Saemaul Leader Convention

                Obtains the license of Wool Mark for knitted outer wear from the I.W.S.

1977  3  Adopts a super wash technology for processing knitting yarn from IWS

              Invites P. Smith, an engineer for non-shrink treatment, to a IWS center

              Wins the steel tower industrial medal on the fourth commerce and industry day

1977  4  Holds a spring/summer fashion show for Golden Knit supported by IWS

1977  5  Completes the construction of a design center (12 knitting machines) in Clothes Production Line 2 in

              Anyang

1977  7  Holds an inauguration ceremony at Plant 2 (Gumi Plant)

1977  9  Develops VIP, which is a high-end special cloth

              Releases La Beaute, Women's Wear

1977  10  Wins the first prize at the 10th Samsung Athletic Competition

                Wins the silver tower industrial medal at the second Frugality Practice Competition

1977  11  Obtains authentication to establish a girls' industrial high school

1977  12  Establishes the Wear Division

1978  2  Soo-bin Lee is appointed as CEO

1978  3  Wins the president prize on the 12th tax day

              Opens a girls' middle school and a girls' industrial high school

1978  5  Builds a 2500 tons/day capacity waste water treatment plant at Gumi Plant

1978  7  Establishes overseas branches in London and Osaka

              Acquires Jangmi Corporation from Samsung Corporation

              Performs trial operations of the production line at Gumi Plant

1978  8  Establishes a fund for the Jangmi Club at the Gumi Plant

1978  11  Completes the construction of the Gumi Plant (Lot: 254,546 m2; Building: 52,893 m2)

1978  11  Organizes a female table tennis team

1978  12  Wins the Saemaeul medal at the National Saemaul Leader Convention

1979  3  Wins the silver tower industrial medal on the 13th tax day

1979  4  Chairman Byung-chul Lee inspects the Anyang Plant

1979  5  Wins the gold prize at the fifth National Saemaul Gardening Competition (Gumi Plant), Daegu Plant is

             designated as a good company

1979  6  Completes the construction of a building at the annex school

1979  7  Starts the export of wear and sales management online

1979  11  Establishes a fiber research center at Daegu Plant

1980  1  The annex school wins a medal from the Prime Minister

              The table tennis team wins the best team prize from the Korea Table Tennis Association

1980  4  Launches Ballad

1980  6  Expands two lines for sewing production and builds a line for flagellum processing

              Completes the construction of the R&D center (Lot: 1,567 m2; one basement and two ground floors)

1980  9  Publishes the first issue of Jangmi, newsletter

             Makes a trial contract for establishing a corporation in Australia and opens an R&D center

1980  11  Sung-woong Lee is appointed as CEO

                Starts the construction of a carded wool processing factory at the Gumi Plant

1980  12  Designated as a top ten company of management cooperations by the Korea Productivity Center

1981  1  Daegu Plant wins the grand prize at the Saemaul Rally

1981  2  Changes the school name to Sung Il Girls' Middle and Industrial High School

              Holds the first graduation ceremony (Middle School:141; High School:542)

              Daegu Plant is reported on in a Swizz national TV program

1981  3  Chairman Byung-chul Lee inspects Daegu and Gumi Plants

              Makes technical cooperation with Ito King of Japan and Chacharel of France

1981  4  Performs the first color advertisement (Color Color Campaign)

1981  5  Establishes the Men's Wear team under the Planning Department at the head office

1981  6  Wins a presidential medal due to the acquisition of a school annexed to a company

1981  7  Completes the construction of a laboratory for physics and chemistry at the clothes verification facility

1981  9  Establishes Goulburn Wool Processors Pty. Ltd., a joint venture company in Australia

1981  10  Obtains Wool Mark Level A for men's wear

1981  12  Poong-il Kim, head of the Daegu Plant, wins a presidential medal at the National Saemaul Leader

               Convention

               Completes the construction of a carded wool processing factory and increases in 6,144 worsted fabrics

               spinning machines at the Gumi Plant

1982  2  Holds an inauguration ceremony for a plant at Goulburn Wool Processors Pty. Ltd.

1982  3  Hae-ryong Jung, head of the Gumi Plant, wins the silver steel industrial medal on the ninth commerce

             and industry day

             The Daegu Plant is designated as an exemplary plant for work on the Saemaul movement Wins a medal

              from the Minister of Commerce and Industry

1982  4  The Gumi Plant passes Level 1 quality management at the Industrial Promotion Agency and obtains

              qualification for direct export

              Completes the construction of the Anyang Plant (Lot: 105,785 m2; Building: 12,892)

1982  8  Lauches Green Age, clothing for students, and begins business operations for sports wear

1982  9  Performs training for the senior technical engineers of Italy's Modathal at the Anyang Plant

              Completes the construction of a plant at Goulburn Wool Processors Pty. Ltd.

1982  11  Holds an inauguration ceremony for a dormitory for female employees at the Anyang Plant

                Wins the USD 50 Million Export Tower Award on the 19th export day for the first time in the woolen

                textiles industry of Korea

1982  12  Gumi Plant wins the grand prize at the case presentation of operations for preventing pollution in

               Gyeong Buk Province

1983  2  Starts the Fresh Brain prize system in order to stimulate proposals at the Daegu Plant

              Sae-chang Song is appointed as CEO

1983  3  Establishes a team dedicated to production of men's wear and Production 2 team at the Anyang Plant

              Abolishes the attendance check system and computerizes employees' attendance

1983  4  The Gumi Plant wins a medal from the Minister of Labor for 2,500,000 accident-free hours

1983  5  Completes the construction of a factory for men's wear at the Anyang Plant

1983  6  The Gumi Plant wins a medal from the head of the Gumi Environmental Office as an exemplary company

              for environment preservation

1983  7  Develops Solami, the new materials of semi-synthetic fibers, and opens an exhibition

              Completes the provision of a phone automation system at all branches and the head office

1983  8  Delivers the first Galaxy products from the Anyang Plant

1983  9  Opens 19 Galaxy shops nationwide

1983  10  Holds an inauguration ceremony for Jangmi Apartment at the Anyang Plant

                Sale of Saemaul Plant in Chilgok

1983  12  Closing of Sungil Girls' Middle School

1984  2  Spin-off the Women's Wear division from the Men's Wear division

1984  3  Wins the silver steel industrial medal on the 18th tax day

              Daegu Plant wins the Prime Minister prize as an exemplary company of the Saemaul movement on the

             11th commerce and industry day

             CEO of Piezen of Italy visits the Anyang Plant for the purpose of technical advice

1984  5  Begins the Jangmi mailing system

              Revises the corporate logos (for the entire Samsung Group)

1984  7  Builds an after-sales service center at the Wear Division for the first time in the industry

1984  8  The advisor of Piezen visits the Gumi Plant for the purpose of technical advice

              40 households of the Men's Wear Division move into employee apartments

1984  9  Publishes a message celebrating the 30th anniversary

1984  10  Opens the first Jangmi award ceremony for manual knitting

1985  2  Discontinues business operations of Ballad and Green Age

             Changes the management method from the point of delivery to that of actual selling

             Closes 42 shops (Decreases 92 shops to 50 shops)

             Reorganizes the teams and divisions (Textiles Division and Wear Division)

1985  3  The Daegu Plant wins the presidential prize as the best company of the Saemaul movement

               Wins the presidential prize at the Saemaul movement rally on the 12th commerce and industry day

1985  4  Launches Onstrong, women's wear

1985  5  Opens a data room for fiber materials

              Holds an award ceremony for the first Jangmi Literature Contest

1985  8  The Fiber R&D Center develops washable, all-wool fabrics

1985  9  Opens a convention room at the Wear Division

              The Daegu Plant wins the grand prize at the Quality Management Competition in Daegu City

              Launches Charavan and Super Chrimp, lamb's wool cotton

              Starts the application of COPICS to worsted fabrics processing

1985  11  Exports Galaxy to the UK for the first time

               Holds the first corporate technical competition

1986  3  Launches VIP2000, the best cloth

1986  4  Launches Meena, Women's Wear

              Holds the first Zero Defect Campaign Competition in the Wear Division

1986  8  Begins business operations in carpets

1986  9  Launches Senatore, men's wear

              Launches Que Je Vais, women's wear

             Holds a Senatore Fashion Show for the first time in the men's wear industry of Korea

1986  10  The Daegu Plant wins a bronze tower industrial medal on the savings day

1986  11  Galaxy obtains Q Mark

1986  12  The Daegu Plant wins the grand prize at the first beautiful plant competition

1987  1  Organizes a new business team for beginning business operations in Hwasung

              Dae-won Lee is appointed as CEO

1987  2  Launches Cardinal and Mario Grande, men's wear

             Adopts POS for wear

             Adopts Lan Vin, high-end men's wear brand

1987  3  Establishes the graduate school of engineering and holds an entrance ceremony

1987  4  Starts the sales of Golden Carpet

1987  6  Makes a contract for introducing technologies of ABS with Mitshubishi Layon of Japan

1987  7  Wins the management efficiency prize at the Productivity Award

              Holds an inauguration ceremony for extending the sewing factory at the Anyang Plant

              Wins approval for doing ABS business from the Korean government

1987  8  Expands to 5,936 worsted wool sewing machines and completes the construction of a carpet factory at

              the Gumi Plant

              Opens a shop for men's wear only in Myung-dong

1987  9  Starts the publication of an external newsletter (Life with Fashion and Style)

1987  11  Establishes High Creation, a joint venture company with Ito King of Japan

               Wins the steel tower industrial medal at the award ceremony for national victims on the trade day

1987  12  Makes a contract for adopting PS resin technologies with Mitsbushi Monsato of Japan

               The Anyang Plant is certified as the first class company of quality management

                All plants are qualified as the first-class company/Exports cloth and wear at USD 10 million

1988  1  Holds 88 March for new corporate spirit

              Completes the extension of the sewing factory at the Anyang Plant

1988  2  Sae-chang Song is appointed as CEO

              Establishes Hwasung Branch

              Launches Mira Bilia, women's knit wear

              Wins approval for establishing High Creation (HIC) as a corporation from the Korean government

1988  3  Determines a resin brand name as Starex

1988  5  Opens HIC at Nonhyun-dong in Seoul

              Spin-off of Onstrong, women's wear from Meena

              Holds an inauguration ceremony of Hwasung Resin R&D Center

1988  6  Organizes the Jangmi Council for helping employees overcome difficulties

              Starts the construction of the Yeocheon Plant

1988  8  HIC opens a shop for Christian Auzar in Myung-dong

1988  9  HIC launches Christian Auzar and Elle, women's wear brands

              Officially changes the name of the Wear Division to the Heartist Division. The division begins business

              operations of 12 brands, which are total family brands (Galaxy, Galaxy Studio, Cardinal, Lan Vin, Golden

              Knit (Men’s), Senatore, Mario Grande, La Beaute, Golden Knit, Chacharel, Mira Bilia, Que Je Vais)

              Determines the name Heartist for a new wear brand and lauches the brand

              Young-ja Yang from the table tennis team wins a gold medal from the team competition of table tennis at

              the Seoul Olympics

1988  10  Completes the construction of the Korea Wear Culture Center

1988  11  Performs training for organization development for 300 employees of the Wear Division

               Obtains Q Mark for the first time in the woolen fabrics industry of Korea

               Completes the construction of the Hwasung R&D Center

1988  12  Opens a shop for Heartist in Nonhyun-dong (One basement and four ground floors)

               Transfers the Heartist Division to the Bogwang Building in Samsung-dong, Gangnam-gu, Seoul

               Golden Tex selected as the best fabrics brand

1988  12  Wins the bronze prize at the Samsung Technology Award due to its development of 100 yarn-count

                fabrics

                Opens a living plaza in the Interior Exhibition Hall

                Adopts a fourth generation software (ADABAS/MATURAL) and organizes the Information team at the

               Gumi Plant

1989  1  Dae-won Lee is appointed as CEO

              Holds GT-5 Innovation 89 Race

              Establishes (Calls from Heart) in order to listen to employee difficulties

             Develops and produces the world's best 100 yarn-count fabrics at the Daegu Plant

             Designs a fabrics design system for the first time in the fabrics industry of Korea Adopts TEX-SIM

1989  2  Launches Pal Zileri and Bean Pole

             Changes Golden Knit, women's knit brand, to Melissa

              Begins sales of Europa, a new spring/summer fabrics product

1989  3  Changes English name to CHEIL INDUSTRIES INC.

              Establishes a corporate technical college at the Daegu Plant

              Develops SIRO FIL·SIRO SPUN at the Fabrics R&D Center

1989  6  Changes the name of the Resin R&D Center to Hwasung R&D Center

              Hwasung Branch opens a Starex center at Samsung Electronics

               Starts the production of trial ABS and PS products

               Wins the grand prize of the Korea Productivity Award

              Opens CNS, a corporate broadcasting center

1989  7  Extends the sewing line and builds a cultural center at the Anyang Plant

              Exports 68 tons of PS to Hong Kong from the Hwasung Branch

             Holds a ceremony for celebrating the delivery of Starex

1989  9  Opens Heartist, the largest total fashion shop, on Chungmu Road

             The Daegu Plant wins the Gold Tower prize for zero accidents

1989  10  Chun-sik Gwon, an employee of Cheil Industries, succeeds in climbing Rochesal Mountain in the

                Himalayas

                Opens a welfare center (Jangmi Culture Center) at the Gumi Plant

                Completes the construction of the Yeocheon Plant

1989  11  The Anyang Plant wins the bronze prize at the national QC competition

                The Hwasung Branch makes a contract for adopting C-San technology

                Purchases 1PP, the best lamb's wool

                Wins the USD 100 million Export award for the first time in the wool sewing industry of Korea on the

                26th trade day

1990  2  Applies the assorted information system at the Hwasung Branch

              Launches Brooks Hill and Rosily

              Opens a shop for Heartist on Dongsung Road in Daegu City

1990  3  Wins approval for changing the name of the annex school to Sungil Girls' High School

              Wins the silver tower industrial medal on the tax day

              Establishes Moda Prima Italiana, a local corporation in Italy

1990  4  Holds an award ceremony for the first Heartist Sales Award

              Integrates the top manufacturing factory at the Daegu Plant into the Gumi Plant

1990  5  Constructs an automated warehouse for raw fibers at the Daegu Plant

1990  6  Advertisements for Golden Tex win the Clio Award

1990  7  Develops specially-processed, odorless woolen yarn at the Fabrics R&D Center

              Holds a report meeting of the results for investing in male posture

             Forms contract to adopt EPS technologies with Huls of Germany

1990  9  Operates the TOPICS approval system

              Opens the work efficiency MEGA-2000 rally

1990  11  Wins the production innovation award at the 16th national quality management standardization

                competition

               The Daegu Plant wins the bronze prize of Group TPI

1990  12  The Anyang Plant wins the JIS mark for ready-made suits from the Ministry of Economy, Trade and

                Industry of Japan

               Opens Fashion University

               The Hwasung R&D Center wins the bronze prize of the Group Technology Award due to its

               development of CMS

1991  1  The G-2000 project approved by the secretariat

1991  2  Creates a contract for exporting technologies for the manufacturing of men's wear with Asia Sibibat of

              Thailand

1991  3  Operates the corporate management information and approval system (CITOS)

              Makes a contract for constructing a joint plant for worsted wool sewing machines with the E.I. Group of

              India

              The Gumi Plant wins the KS Mark for woolen yarn and G1153 carpets

1991  4  Completes the extension of the Hwasung R&D Center

              Holds a ceremony for the completion of construction of the C-SAN factory at the Yeocheon Plant

1991  5  The Fabrics R&D Center wins the IR52 Jang Young Sil Award due to its development of neo-soft wool

              Establishes A.W.E., a local corporation in Sydney, Australia

              Organizes the performance of the Moscow Philharmonic Orchestra in Korea

1991  6  The Daegu Plant wins the Golden Tower Award for zero accidents for the first time in the fabrics industry

              of Korea

1991  7  Advertisements for Golden Tex win the Clio Award

              Wins the grand prize of the first Korea Fabrics Award

1991  8  Holds a ceremony for start of construction of EPS and for wishing safety for the Yeocheon Plant

1991  9  Starts business operations of BENETTON

1991  10  Beom-yong Lee and Hee-chang Kang are designated as excellent weaving and dying craftsmen

1991  11  Advertisements for Golden Tex win the bronze prize at the New York Advertisement Festival and is a

               finalist at the London International Advertisement Award

    The Hwasung R&D Center wins the bronze prize of the group technology award

    The Daegu Plant wins the gold prize at the Group TPI Competition

1991  12  Develops fabrics of 1PP for the third time in the world and launches Lansmere, a high-end fabric

               Wins the IR52 Jang Yong Sil Award due to the development of all-wool fabrics of 120 yarn-count for the

               first time in Korea

1992  1  Launches Ungaro, men's wear

              Develops Spectra, Korea's first fabric for blocking ultraviolet lays

              Establishes Moda Prima America, a local corporation in the U.S.

1992  2  Launches Lanchetti, men's ready-made wear, at HIC

1992  5  Develops pure cashmere wool fabrics at the Fabrics R&D Center

              Completes the construction of a manufacturing technology pilot building at the Hwasung R&D Center

              Holds a ceremony for completing the construction of the EPS factory at the Yeocheon Plant

              Joins the Three Yarn Count Lamb's Wool Manufacturer Association of Australia

1992  6  Operates HEFIS, advanced innovated technique, at the Anyang Plant

               Becomes a regular member of D.W.I.

1992  7  Dal-hyun Kim, Vice Minister of North Korea, visits the Gumi Plant

1992  8  Launches Castel Dario, men's suit brand

              Samsung Corporation and Cheil Industries open a joint shop for high-end suits

1992  9  Develops the world's first high-density 1,130,000 carpets

1992  10  The Yeocheon Plant wins the gold prize at the National QC Group Presentation Competition

               The Yeocheon Plant wins the silver prize at the QC Group Presentation Competition for Chemistry

1992  11  Implements an in-house enterprise system at New Core in Gwacheon for the first time

                Develops and sells Staron, artificial marble, at the Hwasung R&D Center

1992  12  Discontiues business operations in curtains

               The Fabrics Division wins the IR52 Jang Yong Sil Award for high-density 1,130,000 rugs

               The Gumi Plant wins the grand prize at the 8th National Quality Management Competition

               Holds a ceremony for celebrating KRW 200 billion worth of sales in the Fabrics Division

1993  1  Organizes the performance of Luciano Pavarotti in Korea

    Completes the construction of the artificial marble factory at the Yeocheon Plant

1993  2  Launches Cardinal, a casual wear brand

1993  4  Issues Heartist club cards in conjunction with Winners Card

    Launches Schlein, a best fabric

    Researcher Byung-ryeol Yoo of the Fabrics R&D Center wins the prime minister prize due to his development of 11,130,000 carpets

1993  5  Changes the name of the Anyang Plant to the Heartist Fashion Center

    Establishes a fashion R&D Center in conjunction with Samsung Corporation and Cheil Fabrics

1993  6  Succeeds in developing degenerated ABS only for refrigerator interiors, which is a resin of alternate freon

1993  7  Installs a CEO phone for customers

    Implements an early attendance system (7 AM attendance)

1993  8  Implements a 5% bonus card reserve system in the Wear Division

    Launches Johnny Lo Judiche

1993  9  Succeeds in developing the world's first materials made of wool, cashmere, and silk in the Fiber Division

    Publishes Cheil Industries, Our Pride

1993  10  Moves into the Samsung Cheil Building, an integrated company building

1993  11  Organizes the performance of the Vienna Philharmonic Orchestra

    Wins the VE grand prize at the National Quality Management Competition

1993  12  Changes the name of the Anyang Plant to the Heartist Fashion Center

    Develops transparent bio-resin Develops ultra-proof fabrics with a specially processed surface

1994  1  Adopts the order-reception sales method in the Wear Division

    Organizes the Ungaro and Pal Zileri Convention

1994  1  Organizes the 3S Race (Daechung Dam in Chung Buk Province and Jeonju Stadium)

    Starts a corporate PR committee

    Adopts a housewives' monitoring system

1994  2  Holds an inauguration ceremony of Let's Attain! CI-230 at the Gumi Plant

    Sales of high-endurance rayon

    Launches Es Ess Fashion and IDENTY, women's wear, at Samsung Corporation

1994  3  Obtains ISO 9002 certification for quality assurance at the Yeocheon Plant

1994  4  Starts the G-2000 Project for integrating the Daegu Plant with the Gumi Plant

    The Yeocheon Plant attains zero accidents

    Develops Bestiboard, a new heat insulating material, at the Hwasung R&D Center

1994  5  Succeeds in developing and manufacturing EPS for foundry at the Hwasung R&D Center

    Develops and implements the FIT overseas training/education program at the Samsung Fashion Institute

    Develops fabrics of all-wool 123-yarn count

    Operates an open forum for collecting employee opinions

1994  6  Builds and operates local customer support centers in Busan, Daegu, Gwangju, and Daejeon in the Wear Division

    Develops permanent antistatic ABS for the first time in Korea at the Hwasung R&D Center

    Organizes the performance of the New York Philharmonic Orchestra in Korea

    Obtains ISO 9002 certification for the first time in the fabrics industry of Korea

1994  7  Develops N-Series, which is an advanced nylon resin Staroy, at the Hwasung R&D Center

    Opens the first Schlein Award

1994  8  Installs a female intermediate manager system/Opens the Gangnam EOS Center

    Opens a shop for Galaxy on Youngdeungpo

    Completes the construction of the EMC factory

    Develops the world's first 1,130,000 silk carpets

    Organizes the 1994 Central Heartist Golf Cup

1994  9  Lays a time capsule as part of the history discovery campaign to celebrate the 40th anniversary

    Commercializes NEOCEL, a rayon fabric

  11  Develops Lansmere 170, the world's first worsted wool fabrics of 130-yarn count

1994    The Hwasung R&D Center wins the IR52 Jang Yong Sil Award due to its development of a high-function alloy resin

    Moves the waste water treatment plant at the Gumi Plant and expands it to a processing capacity of 11,000 tons/day

1995  1  EMC begins business operations

    Installs TMS, an automatic environment measurement network of Samsung Group

    Exports Castel Dario, a fabric brand

1995  2  Completes the construction of ABS · C-SAN factories at the Yeocheon Plant

    Succeeds in developing AECS, a weather-resistant resin, at the Hwasung R&D Center

    Establishes Yeungjin College inside the Gumi Plant

1995  3  Develops and sells high quality, flame-retardant ABS

    Staron participates in the Kyunghyang Housing Fair

    Establishes Samsung Woolen Textile Corporation in Tianjin, China

    Bean Pole sponsors a Yani performance in Korea

1995  4  Announces absolute responsibilities for customers and adopts an inner label system for Golden Tex

    Voluntary work for the gas explosion accident in the subway station at Sangin-dong, Daegu City

1995  6  Wins an appreciation plaque from Korea Highway Corporation due to its development of the EPS technique for construction work

1995    Switches to the first employee holding company in Korea

1995  7  Develops low-foam, flame-retardant EPS products at the Hwasung division

    Implements an inner label system for the first time in Korea

1995  8  Develops technology for reducing PBL polymerization time at the Hwasung Division

    Launches flame-retardant STAROY PC/ABS at home and overseas

1995  8  Sells MVio, a casual wear brand

    Develops super high-glossy HIPS at the Hwasung R&D Center

1995  9  Obtains the first A/S certification mark in the wear industry of Korea

    Holds the first Rose Women's Golf Competition

1995  10  The industrial trainees for producing woolen textiles from Tianjin, China study at the Daegu Plant

    Launches Ivy Club, student uniform brand

    The Yeocheon Plant wins the silver prize at the National Quality Group Competition supervised by the Korean Standards Association

    Holds an international academic seminar on Extened Poly Styrene (EPS), a construction technique

    Holds a ceremony to celebrate the completion of establishing the Tianjin Corporation for fabrics, spinning, and weaving

1995  11  The Hwasung division attends Plastics China 95 in Beijing, China

    Highly weather-resistant, heat-resistant, flame-retardant ABS obtains KT Mark

    The Yeocheon Plant wins the silver prize in the heavy chemical industry area of

    the third Industrial Safety Competition

1995  12  Develops the PBL EBRD technology and wins the gold prize at the Samsung Technology Award

    Establishes Samsung Market Corporation in Tianjin, China

1996  1  Spin-off of High Creation

    The Wear Division holds the 1996 New Management Alley

    Opens the first overseas branch shop for Bean Pole in the Next Stage Shopping Mall in Shanghai

1996  2  Graduates the last student from Sungil Girls' High School

    Holds a ceremony for celebrating the publication of Jangmi, a newsletter

1996  3  Holds a special seminar for Chairman Taki at Samsung Fashion Institute

    Wins approval to close Sungil Girls' High School

    Wins the bronze steel industrial medal on the 30th tax day

    Establishes the Hanmaeum Housewives' Volunteer Group at the Gumi Plant

    Establishes housewives' volunteer groups at affiliated companies in Gumi City

1996  4  Opens the Gangbuk EOS Center in the Wear Division

1996  5  Develops Home Wash, a washable, all-wool fabrics

    Organizes the performance of the Berlin Deutsch Orchestra in Korea

1996  6  Begins operation of the Website for the Samsung Fashion Institute

    Opens Jangmi, an electronic newsletter

    Starts the operation of the Golden Fashion Center (GFC)

    Cardinal was selected as the first authorized high-end wear

1996  7  Completes the construction of the EP factory at the Yeocheon Plant

    Opens the first National Table Tennis Competition for the Blind

    Obtains the sole license for Cynthia Rowley women's wear brand of the U.S., in Asia

1996  8  Launches Bean Cherez, sports wear for golf

    Opens the Topaz Education Center

1996  9  The Yeocheon Plant obtains ISO 14001 certification in the ABS· PS industries

    Sales of Felice Fontana, a knit wear

    Holds the second Cheil Industries Rose Women's Golf Competition

    Holds the first EMBIO Music Contest

1996  10  Spin-off of a company from the Gumi Plant for the first time

1996  11  Acquires PAMELA DENNIS, a U.S. clothing company

1996  12  GFC was designated as an environmentally friendly company by the Ministry of the Environment

    The Yeocheon Plant wins the grand prize at the Safety Management Award

    Develops high quality resin for HCFC and wins the silver prize at the Samsung Technology Award

1997  1  Launches Cynthia Lawry

    Runs Samsung Market Corporation in Tianjin, China

    Abolishes the corporate song and adopts the song of Samsung Group as the corporate song

1997  2  The Yeocheon Plant was designated as a first-class company for safety and health

    Transfers the Hwasung R&D Center to the Yeosu Plant

    Receives the transfer of Identy, a women's wear brand, from Samsung Corporation

1997  3  The Hwasung R&D Center wins the IR52 Jang Young Sil Award due to its development of environmentally friendly ABS

    Samsung Group begins operations of the fashion department at the Samsung Design Award

    Holds Challenge 21 Ally (On Hwayang Valley of Sokri Mountain, Chung Buk Stadium)

1997  4  Announces the transfer of Ivy Club, student uniform wear, to a small company

1997  5  Sung-hee Kim of Bean Pole Sports wins the silver prize in the fashion category of the Samsung Group Design Award

    HFC wins the Silver Tower Award for zero accidents at ten times greater than the goal

    Launches Bean Pole Sports

1997  6  Establishes the Tianjin Samsung Women's Table Tennis team

1997  7  The Yeocheon Plant attains zero accidents

    Completes the construction of the Yaesan Plant and begins business operations of IBR

1997  8  Opens a training camp for candidates for the national table tennis team at the Gumi Plant

    Develops fabrics, advanced ultra-core crepe made of new materials, and super light-weight suits

    Develops extra super-fine woolen products

1997  9  Holds the second EMBIO Music Contest

    Changes the Fibers Research Center to the Fibers R&D Center

    Ships Golden Pleatz, 1PP fabrics, throughout the Korean market

    Holds the third Cheil Industries Rose Women's Golf Open

    Selected as one of the 100 best quality manufacturers

    Jee-hye Ryu and Eun-sik Lee win the 1997 China Table Tennis Open

1997  10  Spin-off of a company from the Gumi Plant for the second time

    Develops Golden Fil at the Fibers R&D Center

1997  11  Obtains the KT Mark for environmentally friendly non-halogen flame-retardant

    styren resin at the Hwasung R&D Center

    The Textiles division recruits the technical advisor of Fenzi of Italy

    Distributes Lansmere 170 as a high-end product overseas

    Develops Summer-Fil, a fabric for woolen shirts

    Ranked fifth of the 200 best informization companies

1997  12  Integrates the Wear Division with the business operation of Heartist and Es Ess

    Holds a fashion show for women's wear in New York, the U.S., in the Wear Division

    Develops engineering plastics for mobile phones at the Hwasung R&D Center

1998  1  Integrates the Hwasung R&D Center with the Chemical Laboratory under the Chemicals Division of Samsung Group. Changes the name of the laboratory to the Chemical Institute

    The Application Development Center acquires the application development tasks of the Chemicals Division of Samsung Group and spins off the sales department of EP

    Reorganization: Wear / Textiles · Chemical Fibers

1998  2  Implements the fashion designer (fashion frontier) system

1998  3  Makes an agreement for localizing CMP slurries with Samsung Electronics

    Starts joint development of active substances with Samsung SDI

    Starts the construction of the Daegu Opera House

1998  4  Changes the Korean brand identity of Golden Tex

    Discontinues business operations of Bean Pole and Chase Cult in China and begins business operations of Rapido in China

1998  5  Transfers the Wear Division to an affiliated company for warehouses

    Opens STAGE, a system for employees

    Develops sports wool for the first time in Korea at the Fibers R&D Center

1998  6  Runs the integrated office of Es Ess Fashion and Heartist at Maebong Building in Dogok-dong, Seoul

1998  7  Highly impact-resistant, super high-glossy HIPS wins the IR52 Jang Young Sil Award

1998  8  CEO Bok-hyung Ahn sends out his first letter

    Announces 18 policies to be in the black by 1999

1998  9  Transfers HFC to an affiliated company

    The Textiles Division holds the second Business Ally

    The Wear Division opens the New Start Together (NST) event

    12 employees of the Gumi Plant study TPS of Japan (in the ACE course)

1998  10  Runs Ilmo School at the Gumi Plant

    Selected as the best suits manufacturer for meeting customer satisfaction by the Korea Productivity Center

1998  11  The Textiles Division develops Super, a fabric of 140-yarn count

    Bean Pole wins the first Brand of the Year prize at the 1998 Seoul Fashion Designer Award

1998  12  Exports ABS technologies to Iran

    Wins the bronze prize at the Samsung Technology Award due to the development of P flame-retardant PC/ABS

    Receives the tranfer of nine product families such as CMP Slurry from the Electronic Materials and Chemicals divisions

1999  1  Holds the 99 LIFT21 Ally

1999  2  Launches FUBU in Korea

1999  3  Completes the development of electrolytic solutions and pilot technologies and wins quality approval from Samsung SDI. Supplies trial products

    Transfers PRINCIPIO to the sub-label of ROGATIS

1999  4  CEO Dae-yeon Won appointed as the CEO of the Textiles and Fashion Divisions

    Establishes the IR Committee

1999  5  Obtains Y2K certification

    The Yeocheon Plant wins the gold prize at the National TPM Competition

    Makes a contract for the localization and joint development of alignment films with Samsung Electronics

    Announces the consolidation of Cheil Industries and Es Ess

1999  7  Acquires legal domestic operations of the Wear Division at Samsung Corporation

    Applies the SAP system to production and purchasing

1999  8  CEO Bok-hyun Ahn appointed the CEO of the Textiles Division and the Hwasung Branch

    The Hwasung Branch selected as a good quality assurance company by the Ministry of Commerce, Industry and Energy and the Korea Standard Association for two consecutive years

    The Textiles Division selected as one of 50 good quality assurance company of 1999

1999  10  Completes the construction of a CMP slurries and pilot plant in Euiwang

1999  11  The Wear Division wins the grand prize at the Korea Industrial Design Award

1999  12  Wins approval to apply EMS to the mobile phones of Samsung Electronics

    Highly-functional, flame-retardant HIPS wins the bronze prize of the Samsung Technology Award

    Publishes Big Dream · Great Reward · Forever NCPS!

    Highly-functional, flame-retardant HIPS and CMP slurries for semiconductors are selected as 100 technologies of Korea in the 20th century by the Ministry of Science & Technology and the Seoul Economic Daily

    Adopts the ERP (SAP R/3) system and completes work on the Y2K project

    Acquires High Creation, Christian Auzar, Lancetti, MK, and ELLE

2000  1  Establishes the IT Materials Division

    Changes the name of the Wear Division to the Fashion Division

    Changes the name of the Hwasung Division to the Chemicals Division

2000  1  Discontinues business operations of Escadrill

    Operates the black, blue, and white sub-labels of ROGATIS

    Acquires the Overseas Wear team of Samsung Corporation

    Starts the mass production of EMS and applies EMS to the mobile phones of Samsung Electronics

2000  2  Discontinues business operations of IBR

    Spin-off of Chase Cult

    Holds a corporate meeting

2000  3  Launches Su Mis ura, highest-end line of Galaxy

    Environmentally friendly, non-halogen, flame-retardant ABS wins the KT Mark

2000  4  The CR team under the IT Materials Division wins ISO 9001 certification

2000  5  Completes construction of a factory for mass-producing electrolytic solutions at the Daedeok R&D Center

    The Yeosu Plant wins KOSHA 2000 BS 8800 certification

    Changes the line of business registered with Korea Stock Exchange to chemicals

    Non-retardant ABS wins the World Best Award by the Korea Management Association

2000  6  Mass-produces and sells electrolytic solutions

    The technology of manufacturing optical reflective PC resin

    for TFT-LCD backlight frames wins the KT Mark

    Yeocheon Plant obtains both KOSHA 2000 and OHASH-18001, international safe management systems, for the first time in the petrochemicals industry of Korea

    The Fashion Division wins the marketing grand prize 2000 from the Korea Management Association

2000  7  The Textiles and Chemicals Divisions hold a relay for compliment

    Opens the corporate SAP system

2000  8  The Gumi Plant is again designated as an environmentally friendly plant (through August 28th, 2005)

2000  10  Performs a 'love of nature' campaign of Bean Pole

    The Textiles Division selects the main technical subcontractor

    Wins the grand prize of the 2000 Manufacturing Productivity Award

    The Yeocheon Plant wins the grand prize at the 2000 Idea Management Award

    The Fashion Division holds Time to Act (TTA) Ally

2000  11  The Fashion Division holds the first FBL Basket Ball Competition

    Starts research on electronic materials, liquid encapsulant, ACF, and organic EL

    Obtains ISO 9001 certification for CMP, EMS, battery materials, and PASTE

    The Gumi and Yeocheon Plants win the grand prize of the 2000 Production Innovation Award and World TPM Competition

    The Fashion Division wins the grand prize of the 2000 Korea Advertisement Award

2000  12  Non-halogen, flame-retardant ABS wins the Korea Millenium Products Award

    Accrues the largest profit since establishment (Earnings Before Tax: KRW 78.7 billion)

2001  1  The Yeocheon Plant wins the bronze prize at the EP Green Group Award and Samsung Group Proposal Award

2001  2  The Gumi Plant peforms the NCPS Selection and Concentration MEGA-100 campaign

2001  3  Changes the name of the Integrated R&D Center to the Chemicals R&D Center

    Changes the name of the Yeocheon Plant to the Yeosu Branch

    Changes the name of the Gumi Plant to the Gumi Branch

    Separates the Application Development Center from the Chemicals R&D Center

2001  3  Develops and sells sweaters and T-shirts made of A.S.T. that prevents ESD

    The Chemicals R&D Center obtains the KT Mark for high-ductibility ABS for refrigerators

    Wins the IR52 Jang Young Sil Award at the Chemical R&D Center due to its development of environmentally friendly non-halogen, flame-retardant ABS

2001  4  Publishes the Yeosu Branch, Center of Challenge and Originality!!! WIN350

2001  5  Changes the brand name of Cynthia Rowley to Rozily

    The Yeosu Plant wins the gold prize at the National TPM Group Competition

2001  6  The Chemicals R&D Center wins the KT Mark due to its development of ultra-thin films/high-impact PC materials for mobile phones

2001  7  Establishes the LA Branch of the Chemicals division

    Participates in the 2001 World Electronic Home Appliances Fair in China(Non-retardant products and ABS for refrigerators)

2001  8  The Fashion Division performs the first training for exemplary employees and F/A store owners overseas

    Opens an online suggestion system at the Yeosu Branch

2001  9  Develops super black products at the Textiles Division

    Makes a contract for ASTRA advertisement with Soo-yeon Gang

    Opens a renewal system of Samsung Design Net

    Holds a fashion show for launching Bean Pole Golf

    The Fashion Division is ranked first in Korean Customer Satisfaction Index (KCSI) for two consecutive years

2001  10  Makes a contract for the export of 100,000 tons per month of electrolytic solution for secondary batteries to China

    The Yeosu Branch wins the Idea Management Award for two years in a row

    Hyung-gyu Ahn, head of the Yeosu Plant, wins the enterprise prize at the Idea Management Award

    The Fashion Division is ranked first in the customer satisfaction survey for four years in a row

    Wins the first Korea Industrial Design Award supervised by the Korea Management Association

    The Fashion Division wins the Prime Minister prize at the 8th Enterprise Innovation Award

2001  11  Wins the first Financial Management Award supervised by the Korea Financial Management Association

    The Yeosu Branch wins the continuance prize at the TPM area of the 2001 Production Innovation Award

    Develops all-wool Lansmere 210 of 150-yarn count

2001  12  The Tianjin Corporation wins approval to establish a corporation for selling products in China

2002  1  Makes contracts for ASTRA with Julie Ingster and Catherine Cartwright of the LPGA

    The Fashin Division completes the construction of the Geumchun Logistics Center

    The Gumi Plant completes the construction of a mass-production factory for electronic materials

2002  2  The Gumi Plant starts the application of an electronic billing system

    Exhibits Staron at ISSFA (World's largest artificial marble exhibition)

    Non-retardant ABS and transparent ABS are selected as world-class products by the Ministry of Commerce, Industry and Energy

2002  3  Holds an announcement ceremony for 6 Sigma

    Ranked first in brand power of men's suits by the Korea Management Association

2002  4  Moves the Fashion Division into the building of Samsung Life Insurance at Susong-dong

    Establishes Shanghai Corporation

2002  5  The Yeosu Plant wins the Safety Environment Quality Management System (SEQMS) 31001 certification

2002  6  Shanghai Corporation acquires the assets of Galaxy from the Tianjin Corporation and those of Rapido from the Pudong Corporation

    Technology of mixing ABS for marking white characters wins the KT Mark

2002  7  Opens the Beijing shop for ASTRA, the first shop in China

2002  8  Relaunches ROGATIS to ALL OF ROGATIS

2002  9  Develops all-wool Lansmere 220 of 170-yarn count fabric for the first time in the world

    The Yeosu Branch wins the Idea Management Award for three years in a row The Gumi Branch wins the fibers and wear areas of the Idea Management Award

    Sponsors uniforms for the Busan Asia Games

2002  10  The Fashion Division is ranked first in the customer satisfaction survey for five years in a row

    Wins the best corporate image prize in the suits and clothing areas of the New Corporate Culture Award supervised by the Korea Management Association

    Opens a shop for FUBU in Shanghai, China for the first time

    The Fashion Division holds the Vision Practice and New Designers Ally

    Adopts 'Love of Nature' and Issey Miyake of Bean Pole and Pleats Please

2002  11  EMBIO is ranked first in the character casual brands by Apparel News

    The Chemicals R&D Center wins the Jang Young Sil Award due to its development of ultra-thin films and high impact-resistant ABS for mobile phones

    Wins the IR Best Company Award supervised by Korea IR Committee

2002  12  Completes the constructio of Sink & Bowl, artificial marbles

    Launches Bean Pole Jeans

2003  1  Discontinues the business operation of PR / Ink

2003  2  Performs voluntary work at the subway fire accident site in Daegu City

    Ships Sink & Bowl

2003  3  The Yeosu Branch completes the construction of a light guide plate factory

    Announces new organizational culture

    Opens iZi, a knowledge management system

2003  4  Acquires Kuho, fashion brand

2003  6  High impact-resistant HIPS wins the KT Mark

    ABS for extruding low-temperature, high-impact thin films wins the IR52 Jang Young Sil Award

    The Fashion Division establishes the Milan Design Center in Italy

2003  7  Adopts an online reservation and sales system of Bean Pole Kids for the first time in Korea

    ABS for refrigerators is selected as one of the 100 best patented products by Hankook Ilbo

2003  8  Becomes an official partner at Daegu Universiade

    Completes the construction of the Daegu Opera House

    Opens the Bean Pole Gallery in Myung-dong

2003  10  Holds the Bean Pole Charity Golf Competition for Celebrities

    The sales of the three RAPIDO shops in China reaches KRW 100 million a month

2003  11  Wins the Idea Management Award for four years in a row (Yeosu Branch) Wins the small group champion area of the Personal Suggestion Award (Gumi Branch)

    The Fashion Division is ranked first in the NCSI for six years in a row

    2003 Messena Award: Contribution prize (from the Minister of Culture & Tourism)

    Wins the presidential prize (CEO Dae-yeon Won), the exemplary prize (Hyun-il Park), and the development prize (Chang-hyup Park) of the steel tower industrial medal on the 17th fibers day

2003  12  The Yeosu Branch obtains ISO/TS 16949 certification

    Wins the presidential prize at the ceremony for national victims celebrating the 10th anniversary of obtaining the KT mark

    Wins the gold prize in the chemicals area of the first Money Today IR Award

    Wins the prime minister prize of the second Korea Safety Award (Yeosu Branch)

    Wins a prize from the Minister of the Environment (Jae-shin Song at Gumi Branch)

2004  1  Wins the Proud Samsung Employee Award and Design Award (Manager Hee-jin Goh at Bean Pole Accessories)

2004  2  Opens the SFA system, a sales management support system

    Purchases raw wool from the best lamb's wool of 12.2 mic

    Jin-hoon Je is appointed as CEO

2004  3  Wins the presidential prize on tax day

    Selected as the export company by the Ministry of Commerce, Industry and Energy

2004  5  Changes the brand name of RAPIDO to SS311 in Korea

    Bean Pole Jeans holds a Jeans Star Festival

    Euiwang Branch wins ISO 14001 certification for its environmental management system

2004  6  Technologies for manufacturing highly-luminant extruded light guide plates for LCD monitors and low-shrinkage ABS win the KT Mark

    Selected as one of the 30 Respectable Companies by Dong A Ilbo

    Chairman Geon-hee Lee visits the Gumi Branch

    Bean Pole invites 1,000 excellent customers to a Broadway musical

2004  7  The Euiwang Branch attains the goal of zero accidents

    The Yeosu Branch wins the Idea Management Award for five years in a row

2005  3  Wins the grand prize in the manufacturing area of the Korea Marketing Award

    Obtains the KT Mark, Certificate of New Technology, and a technical certification

    related to the Chemicals R&D Center

    Ranked first in the 7th Korea Brand Power Index (K-BPI) established by the Korea

    Management Association in 2005 (Galaxy & Bean Pole)

2005  4  Wins the grand prize at the Korea Marketing Award

2005  6  The promotional brochures of Cheil Industries win the gold prize at the ASTRID Awards.

2005  7  Cheil’s synthetic fiber product for mobile phones is selected as the ‘World's Best’ product

2005  8  Establishes the Advanced Materials R&D Center in conjunction with Sungkyunkwan University

    Establishes the Nano/Optical Advanced Materials R&D Center

    Launches the Bean Pole Collection line

2005  9  The Yeosu Branch is inducted into the Hall of Honor at the Korea Productivity Award

    Ranked first in the National Customer Satisfaction Index (NCSI) (Suits)

2005  10  Makes a contract for ABS technology transfer with TPC of Iran

    Completes the construction of the SD Flex factory

2005  11  Establishes Samsung Fashion Design Fund (SFDF)

    Wins the Best Company prize in the domestic demand/services area of the third ‘Money Today IR Award'

2005  12  Holds the conferment ceremony of the KT Mark and obtains the Certificate of New Technology (Synthetic group of the Chemicals R&D Center )

2006  2  Establishes master’s and doctoral-level courses for high polymer information and electronic materials in conjunction with KAIST

2006  3  Starts the business operation of PolyCarbonate (PC)

2006  5  Wins the best entrepreneur prize (CEO Jin-hoon Je), high-end brand prize (Bean Pole), and high-end design prize (Galaxy) at the 2006 Korea Marketing Awards supervised by the Korea Management Association Consulting

    Becomes one of the official partners of the Doha Asian Games (Fashion Group)

2006  7  Establishes Samsung Chemical Europe GmbH, the Frankfurt branch in Germany

    Wins the Global Marketing Pioneer Award (CEO Jin-hoon Je)

2006  8  Holds a launching ceremony at each branch of GWP

2006  9  Adopts the Compliance Program (CP)

2006  10  Ranked first in the suits manufacturer area of 2006 NCSI supervised by the Korea Productivity Center

    Holds a ground-breaking ceremony for the PolyCarbonate factory at the Yeosu Branch

2006  11  Announced the winner of the Second Samsung Fashion Design Fund (SFDF)

    Developed the ´Tempist´ the world´s first artificial marble with highly transparent chip

    Won the Best IRO in the 6th year IR awarde

2006  12  Won the 16th economic justice corporation Prize

    Appointed as the official sponsor (fashion division) of "The 15th Asian Games Doha 2006"

2007  1  Launched ´Theory,´ a new women´s wear

2007  2  Recorded the best business performence in 2006

2007  3  Launches starex premium

    Wins the grand prize at the Korea Marketing Award

2007  4  wins the respected enterpriser Award (CEO Jin-hoon Je)

    Launches Beanpole Jewerly

2007  5  Holds a fashion show for launching FUBU in china

2007  6  Launches theory MEN

 

The Subject Company is primarily involved in the provision of chemicals, electronic materials and garments. The Company’s chemical products include acrylonitrile butadiene styrene (ABS) and polystyrene products applied in various electronics and electrical equipment, as well as artificial marble products used as materials for interior decoration. Its production of electronic materials includes epoxy molding compounds (EMCs) for semiconductor, electro magnetic interference shielding and electrolyte for batteries. The Company markets men's attire under such brand names as Galaxy, Rogatis, Givenchy, Palzileri and Kenneth Cole; women's clothing under the Thee, Issey Miyake and Kuho brand names; traditional casual wear under the Bean Pole brand; casual brands for the young consumers, which include Mvio and Fubu, and sportswear, Astra and SS311.During the year ended December 31, 2006, the sale of chemicals and textiles accounted for 49.7% and 35.8%, respectively.

 

 

Management

 

Job Description

Title

Name

Nationality

Date of Birth

Education

President & CEO

Mr.

Je Jin-Hoon

Korean

`47.02.16

Busna National University

Vice President

Mr.

Hwang Baik

Korean

`53.10.18

Seoul National University

Vice President

Mr.

Ha Dong-Wook

Korean

`52.09.13

Sungkyungwan University

Vice President

Dr.

Woo San-Sun

Korean

`49.07.03

North Carolina State Univ.

 

 

Financials                                                

 

Unit: KRW

Year

Sales

Assets

Net income

2006

2,843,803,136,590

2,226,879,352,036

157,761,406,502

2005

2,629,806,421,199

1,859,317,790,921

151,420,693,529

2004

2,478,872,218,053

1,652,468,444,481

92,559,875,224

2003

2,086,253,451,747

1,597,319,240,326

76,049,543,983

2002

2,087,528,074,732

1,574,491,790,987

109,631,035,086

 

 

Financial Description    

 

Unit: KRW

Authorized Capital

500,000,000,000

Paid-Up Capital

250,000,000,000

Total Issues Shares

50,000,000

 

Balance Sheet

Unit : Korean Won

01/01/2007~03/31/2007

As of 12/31/2006

As of 12/31/2005

Total Assets

2,378,075,961,605

2,226,879,352,036

1,859,317,790,921

Current Assets

863,066,082,163

898,975,512,358

778,063,340,048

-Quick Assets

474,457,420,457

499,727,280,610

409,242,854,721

-Inventories

388,608,661,706

399,248,231,748

368,820,485,327

Fixed Assets

1,515,009,879,442

1,327,903,839,678

1,081,254,450,873

-Investment

512,598,002,507

359,396,069,904

296,803,259,739

-Tangibles

819,175,384,606

789,779,610,360

641,938,221,890

-Intangibles

116,489,183,416

108,917,214,364

79,450,649,211

-Others

66,747,308,913

69,810,945,050

63,062,320,033

Total Liabilities

947,292,956,420

847,307,458,344

656,872,324,179

Current Liabilities

642,217,112,950

570,407,519,775

475,328,090,288

Fixed Liabilities

305,075,843,470

276,899,938,569

181,544,233,891

Capital Stock

250,000,000,000

250,000,000,000

250,000,000,000

Capital Surplus

431,681,563,695

431,606,536,268

430,713,296,793

Profit Surplus

585,915,200,061

599,250,552,852

477,615,973,600

Capital Adjustment

-9,535,684,172

-9,729,748,066

-11,191,103,958

Total Equity

1,430,783,005,185

1,379,571,893,692

1,202,445,466,742

Liab. & Shareholder’s Equity

2,378,075,961,605

2,226,879,352,036

1,859,317,790,921

 

Current Liabilities

642,217,112,950

570,407,519,775

475,328,090,288

Trade Payables

178,640,671,312

197,224,794,611

159,115,124,401

Short-Term Borrowings

190,000,000,000

80,000,000,000

39,500,000,000

Account Payables

86,235,649,865

129,453,403,805

93,541,766,286

Withholdings

14,523,145,959

10,084,250,774

10,463,327,308

Guarantee Depoist Withhold

14,157,645,000

13,705,932,500

14,044,592,500

Accrued Expenses

13,808,727,104

10,550,939,893

10,683,191,199

Accrued Income Tax

33,124,561,915

25,210,646,036

50,404,033,064

Current Portion of Debentures

80,000,000,000

80,000,000,000

80,000,000,000

Provsision for Points

12,137,147,420

11,541,094,983

11,049,720,982

Provision for Refund

12,445,781,121

7,258,973,267

3,672,617,536

Others

7,276,815,297

5,568,133,317

3,185,681,372

Fixed Liabilities

305,075,843,470

276,899,938,569

181,544,233,891

Debentures

160,000,000,000

160,000,000,000

110,000,000,000

Long-Term Account Payables

14,623,411,250

12,759,110,000

4,249,602,000

Provision for Severance & Retirement

86,811,564,800

86,602,111,290

74,283,026,930

Long-Term Deferred Income Tax Credit

93,332,475,591

70,709,831,354

38,458,544,028

 

Income Statement

Unit : Korean Won

01/01/2007~03/31/2007

As of 12/31/2006

As of 12/31/2005

Sales

673,639,576,147

2,843,803,136,590

2,629,806,421,199

Cost of Sold Goods

457,626,749,843

1,866,337,068,158

1,734,925,283,300

Gross Profit

216,012,826,304

977,466,068,432

894,881,137,899

Selling & Admin. Expenses

185,821,060,473

748,404,343,875

702,289,163,495

Operating Income

30,191,765,831

229,061,724,557

192,591,974,404

Non-Operating Income

14,707,635,731

54,053,417,688

67,691,060,022

Non-Operating expenses

11,777,670,806

72,902,629,038

60,031,396,777

Ordinary Income

33,121,730,756

210,212,513,207

200,251,637,649

Special Income

-

-

-

Income Before Taxes

33,121,730,756

210,212,513,207

200,251,637,649

Income Taxes Expenses

10,106,606,297

52,451,106,705

48,830,944,120

Net Income

23,015,124,459

157,761,406,502

151,420,693,529

 

Cash Flows

Unit : Korean Won

01/01/2007~03/31/2007

As of 12/31/2006

As of 12/31/2005

Cash Flows from Operating

35,781,265,540

221,889,571,652

236,289,691,295

-Net Income

23,015,124,459

157,761,406,502

151,420,693,529

-Exp. without Cash Outflow

39,265,861,882

133,676,503,325

125,843,503,321

-Revenue without Cash Inflows

-2,704,032,549

-4,389,371,886

-32,676,672,861

-Changes in Asset/ & Liability

-23,795,688,252

-65,158,966,289

-8,297,832,694

Cash Flows from Investing

-118,423,667,773

-266,937,217,980

-36,785,524,951

-Cash Inflow from Investing

10,601,164,567

34,708,689,332

87,114,043,512

-Cash Outflows for Investing

-129,024,832,340

-301,645,907,312

-123,899,568,463

Cash Flows from Financing

73,947,072,750

55,869,542,750

-195,010,499,157

-Cash Inflows from Financing

193,297,550,000

171,996,370,000

31,578,188,999

-Cash Outflows from Financing

-119,350,477,250

-116,126,827,250

-226,588,688,156

Increase/Decrease in Cash

-8,695,329,483

10,821,896,422

4,493,667,187

Cash at the Beginning of Year

16,238,523,089

5,416,626,667

922,959,480

Cash at the End of Year

7,543,193,606

16,238,523,089

5,416,626,667

 

 

Products, Technologies, Services

Description

 

Main Products & Services

Textile

1. Men's wear

2. Women's wear

3. Knit

4. Functional Fabrics

5. U's

 

Fashion

1. Men's line

2. Women's line

3. Beanpole

4. Casual

5. Sports wear

 

Chemical

1. Engineering plastics

2. Solid surface

 

Electronic Material

 

Brand Name: Goldentex, Beanpole, GALAXY, ROGATIS, Issey Miyake, KUHO, Theory

Detailed Products Spec.

ABS, PS: 894,444 Million KRW

EMC: 35,919 Million KRW

Garments: 101,676 Million KRW

Textiles: 64,280 Million KRW

- Total: 1,096,319 Million KRW

 

 

Trade Partners

 

Suppliers

Samsung Total Petrochemicals Co., Ltd.

Address: 411-1, Dokgot-Ri, Daesan-Eup, Seosan-Si, Chungnam-Do 356-874 South Korea 

Tel: 82-41-660-6114  Fax: 82-41-681-4812 

Industry: Manufacture of Basic Organic Petrochemicals

 

Yeochun Naphtha Cracking Center Co., Ltd.

Address: 5th Fl., Hanwha Bldg., 110, Sogong-Dong, Jung-Ku, Seoul 100-755 South Korea

Tel: 82-2-3706-0500  Fax: 82-2-3706-0471 

Industry: Manufacture of Basic Organic Petrochemicals

 

Polyplus Co., Ltd.

Address: 645-2, Wolha-Dong, Yeosu-Si, Jeonnam-Do 555-290 South Korea 

Tel: 82-61-685-6121 

Fax: 82-61-685-6237 

Industry: Manufacture of Synthetic Resin and Other Plastic Materials

 

FUBU   USA

Pamela Dennis  USA

IM (Issey Miyake)          Japan

Theory  USA

Schock Germnay

SHELL  USA

Chevron Phillips USA

BP Chemicals   UK

Dupont  USA

Asahi Kasei Chemicals  Japan

Customers

Samsung Electronics Co., Ltd.

Address: 416, Maetan-Dong, Yeongtong-Ku, Suwon-Si, Gyeonggi-Do 443-370 South Korea 

Tel: 82-31-200-1114  Fax: 82-31-200-1105 

Industry: Manufacture of Television and Radio Receivers, Sound or Video Recording or Reproducing Apparatuses, and Related Goods

 

TABRIZ PETROCHEMICAL CO.  Iran

Kenhan China

 

 


Related Parties (Subsidiaries, Joint-

Venture & Affiliates)

 

Affiliates

Samsung Chemical USA, INC

14251 E. Firestone Blvd., La Mirada, CA 90638,U.S.A.

TEL: +1-562-926-5520 FAX: +1-562-926-9930

email:jaekook.song@samsung.com

 

Samsung Chemical Europe Gmbh (SCEG)

Am Kronberger Hang 6, 65824 Schwalbach T/s., Germany

TEL: +49-6196-667-400 FAX: +49-6196-667-466

email:yongt.kim@samsung.com

 

Shanghai Samsung Chemical Co., Ltd.(SSC)

Rm 2101, Shanghai International Trade Center 2201 yanan(w) rd, Shanghai 200335, China

TEL: +86-21-6275-8185 FAX: +86-21-6275-6882

email:yt1957.kim@samsung.com

 

Samsung Fashion Trading (Shanghai) Co., Ltd.

3th floor C-H, Alison International Tower No.8 Fuyoulu, Huangpuqu, Shanghai 200010, China

TEL: +86-(0)21-6330-8500 FAX: +86-(0)21-6330-9800, 6330-8897    

email:leon.lee@samsung.com

 

Tianjin Samsung Fashion Co., Ltd.

No.3 Jinpingglu, Yaandao, Nankaiqu, Tianjin, China

TEL: +86-22-8761-3078 FAX: +86-22-8761-3079    

email:tsfc@samsung.com

 

Samsung Fashion SRL

Via Darwin 20/22, 20143 Milano, Italia

TEL: +39-2-8311-1821 FAX: +39-2-8311-1860    

email:cw.jahng@samsung.com

 

New York Studio

415 West Broadway 3rd floor South, New York, NY 10012, USA

TEL: +1-212-625-3581 FAX: +1-212-625-3558   

 

Tianjin Samsung Wool Textiles Co., Ltd.

Jinqi Road, Xianshuigu Zhen, Jinnanqu, Tianjin, China

TEL: +86-22-2851-4771 FAX: +86-2851-4779    

email:gh1880.choi@samsung.com

 

Associated Wool Exporters Pty., Ltd.

Level 2, 153 Walker Street, North Sydney, NSW2060, Australia

TEL: +61-2-9955-0479 FAX: +61-2-9955-3652    

email:sales@associatedwool.com.au

 

Cheil America, Inc.

1350 Avenue of the Americas, Suite 1110 New York, NY 10019

TEL: +1-212-399-1300 FAX: +1-212-247-3737    

email:sooyoung.lee@samsung.com

 

 

Overseas Office

Tokyo Office

Roppongi T-Cube 19F, 3-1-1, Roppongi, Minato-Ku, Tokyo, 106-8532, Japan

TEL: +81-3-6234-2197 FAX: +81-3-6234-2253

email:mcshin@samsung.com

 

Malaysia Office

Lot 14.01, 14th floor, Kenanga International, Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia

TEL: +60-3-2169-6915 FAX: +60-3-2161-1972

email:ssuk.chae@samsung.com

 

Tianjin Office

No.1703 Tianxin B/D, 125 Weidi Rd, Hexi District, Tianjin, China

TEL: +86-22-2840-8639 FAX: +86-22-2840-8638

email:hb88.shin@samsung.com

 

Shenzhen Office

Room 1001, Central Tower, 88 Fuhua Road, Futian District, Shenzhen, China

TEL: +86-755-8203-2323 FAX:+86-755-8203-2321

email:ms99.seong@samsung.com

Overseas Branch

Tokyo Office

Roppongi T-Cube 19th floor 3-1-1, Roppongi, Minato-Ku, Tokyo 106-8532, Japan

TEL: +81-3-6234-2200 FAX: +81-3-6234-2255    

email:yool.park@samsung.com

 

Biella R&D Center

San Sebastiano, 2, Biella, Italia

TEL: +39-15-252-0510 FAX: +39-15-252-2495    

email:youngkook0108.kwon@samsung.com

Cooperative Enterprise

ASAHI KASEI CHEMICAL-Japan

 

Affiliates

 

SAMSUNG ELECTRONICS CO., LTD.

416, Maetan-dong, Yeongtong-gu, Suwon-si, GYEONGGI-DO 443-370 KOREA

Tel: 82-31-200-1114

Fax: 82-31-200-1105

Industry: Manufacture of Television and Radio Receivers, Sound or Video Recording or Reproducing Apparatuses, and Related Goods

 

Samsung Corporation

Address: 310, Taepyeongno 2-ga, Jung-gu, Seoul 100-865 Korea

Tel: 82-2-2145-2114 

Fax: 82-2-2145-3114 

Industry: Wholesale of Non-Specialized Goods

 

Samsung Electro-Mechanics Co., Ltd.

Address: 314, Maetan 3-dong, Yeongtong-gu, Suwon, Kyonggi-do 443-743 Korea

Tel: 82-31-210-5114 

Fax: 82-31-210-5087 

Industry: Manufacture of Computer Output/Input Units and Peripheral Equipment

 

Samsung SDI Co., Ltd.

Address: 575, Sin-dong, Yeongtong-gu, Suwon, Kyonggi-do 443-731 Korea

Tel: 82-31-210-7114 

Fax: 82-31-210-7161 

Industry: Manufacture of Electronic Valves and Tubes

 

Samsung Techwin Co., Ltd.

Address: 28, Seongju-dong, Changwon, Gyeongnam-do 641-120 Korea

Tel: 82-55-260-2114 

Fax: 82-55-260-2230 

Industry: Manufacture of Engines for Aircraft

 

Seoul Commtech Co., Ltd.

Address: 448-11, Seongnae 3-dong, Gangdong-gu, Seoul 134-847 Korea

Tel: 82-2-2225-6550 

Fax: 82-2-2225-6080 

Industry: Manufacture of Communication Apparatuses Without Any Line Connection and Radio or Television Broadcasting Apparatuses

 

Samsung Economic Research Institute

Address: 8Fl., Kukje Center Bldg., 191, Hangangno 2-ga, Yongsan-gu, Seoul 140-702 Korea

Tel: 82-2-3780-8000 

Fax: 82-2-3780-8005 

Industry: Research and Experimental Development On Economics

 

Samsung SDS Co., Ltd.

Address: Ilok Bldg., 707-19, Yeoksam 2-dong, Gangnam-gu, Seoul 135-918 Korea

Tel: 82-2-3429-2174 

Fax: 82-2-3429-2100 

Industry: Computer System Design and Consultancy

 

Samsung Networks Inc.

Address: 8 Fl., ASEM Tower, 159-1, Samseong 1-dong, Gangnam-gu, Seoul 135-798 Korea

Tel: 82-2-2192-3114 

Fax: 82-2-3415-6801 

Industry: Other Software Consultancy and supply

 

Samsung Corning Co., Ltd.

Address: 472, Sin-dong, Yeongtong-gu, Suwon, Kyonggi 443-732 Korea

Tel: 82-31-219-7114 

Fax: 82-31-219-7010 

Industry: Manufacture of Laboratory and Other Industrial Glassware

 

Samsung Lions Co., Ltd.

Address: 6, Goseong 3-ga, Buk-gu, Daegu 702-073 Kore

Tel: 82-53-859-3155 

Fax: 82-53-859-3118 

Industry: Sports Teams and Clubs

 

MEMC Korea Company

Address: 27, Omok-ri, Seonggeo-eup, Cheonan-si, Chungnam-do 330-831 Korea

Tel: 82-41-550-4114 

Fax: 82-41-550-4498 

Industry: Manufacture of Diodes, Transistors and Similar Semi-conductor Devices

 

Samsung Corning Precision Glass Co., Ltd.

Address: 644-1, Jinpyeong-dong, Gumi, Gyeongbuk-do 730-360 Korea

Tel: 82-54-470-4114 

Fax: 82-54-470-4381 

Industry: Manufacture of Laboratory and Other Industrial Glassware

 

Samsung Heavy Industries Co., Ltd.

Address: KIPS, 647-9, Yeoksam-dong, Gangnam-gu, Seoul 135-080 Korea

Tel: 82-2-3458-7000 

Fax: 82-2-3458-7100 

Industry: Building of Steel Ships

 

Hotel Shilla Ltd. 

Address: 202, Jangchungdong 2-ga, Jung-gu, Seoul 100-856 Korea

Tel: 82-2-2230-3226 

Fax: 82-2-2230-3795 

Industry: Hotels

 

Cheil Communications Inc. 

Address: 736-1, Hannam-dong, Yongsan-gu, Seoul 140-210 Korea

Tel: 82-2-3780-2114 

Fax: 82-2-3780-2462 

Industry: Media Advertising Agencies

 

Samsung Petrochemical Co., Ltd.

Address: 500, Bugok-dong, Nam-gu, Ulsan 680-110 Korea

Tel: 82-52-278-6000 

Fax: 82-52-273-9971 

Industry: Manufacture of Basic Organic Petrochemicals

 

Novita Co., Ltd.

Address: San 22, Jaeunga-ri, Jiksan-eup, Cheonan, Chungnam-do 330-815 Korea

Tel: 82-41-580-7728 

Fax: 82-41-583-4320 

Industry: Manufacture of Other Domestic Electric Appliances

 

Samsung Gwangju Electronics Co., Ltd. 

Address: 271, Oseon-dong, Gwangsan-gu, Gwangju 506-253 Korea

Tel: 82-62-950-6114 

Fax: 82-62-950-6710 

Industry: Manufacture of Other Domestic Electric Appliances

 

Samsung Card Co., Ltd.

Address: 2nd Fl., Eunseok Bldg. West., 1-7, Yeonji-dong, Jongno-gu, Seoul 110-754 Korea

Tel: 82-2-2172-8819 

Fax: 82-2-2172-8023 

Industry: Credit Card and Installment Finance Companies

 

Steco Ltd.

Address: 588, Myeonghak-ri, Dong-myeon, Yeongi-gun, Chungnam-do 339-863 Korea

Tel: 82-41-861-1823 

Fax: 82-41-861-1896 

Industry: Manufacture of Diodes, Transistors and Similar Semi-conductor Devices

 

DNS Korea Co., Ltd.

President: Jong-Hyun Im

Address: 623-5 Eopseong-dong Cheonan-si Chungnam-do 330-290 Korea

Tel: 82-41-620-8000

 

Secron Co., Ltd.

Address (330-200) 4-4, Chaam-dong, Cheonan-si, Chungnam-do 330-200 Korea

Tel: 82-41-620-5050 

Fax: 82-41-620-5069 

Industry: Manufacture of Semiconductor- Making Machinery

 

Samsung Electronics Service Co., Ltd.

Address: Samsung Electronics CS Academy, 327, Woncheon-dong, Yeongtong-gu, Suwon, Kyonggi 443-822 Korea

Tel: 82-31-270-2611 

Fax: 82-31-270-2644 

Industry: Repair Services of Electrical Household Machinery and Appliances

 

Samsung Thales Co., Ltd.

Address: 259, Gongdan-dong, Gumi, Gyeongbuk-do 730-030 Korea

Tel: 82-54-460-8511 

Fax: 82-54-460-8529 

Industry: Manufacture of Other Electronic Valves, Tubes and Electronic Components n.e.c.

 

Living Plaza Co., Ltd.

Address: 261-1, Seohyeon-dong, Bundang-gu, Seongnam, Kyonggi 463-824 Korea

Tel: 82-2-3460-6770 

Fax: 82-2-3460-6775

Industry: Wholesale of Household Electric Appliances

 

Blue-tek Co., Ltd.

Address: 416, Maetan 3-dong, Yeongtong-gu, Suwon, Kyonggi 443-803 Korea

Tel: 82-31-200-4140 

Fax: 82-31-200-4112 

Industry: Wholesale of Household Electric Appliances

 

Samsung Electronics Logitech Co., Ltd. 

Address: 401, Sin-dong, Yeongtong-gu, Suwon, Kyonggi 443-390 Korea

Tel: 82-31-200-1800 

Fax: 82-31-200-1822 

Industry: All Other Supporting Transport Services n.e.c.

 

SAMSUNG FINE CHEMICALS CO., LTD.

Address: 190, Yeocheon-dong, Nam-gu, ULSAN, KOREA

Tel: 82-52-270-6114

Fax: 82-52-272-7925

Industry: Manufacture of Nitrogenous, Phosphatic and Potassic Fertilizers

 

Overseas Affiliates

 

Samsung Japan Co., Ltd.

Samsung America Inc.

Samsung Finance Corporation.

Samsung Mexico Engineering & Construction

Canada Trade Group Inc.

Fishround, Inc.

ZiREX Corporation Inc.

Samsung Texas Construction Inc.

SAMSUNG OIL & GAS USA CORP

Samsung Deutschland GmbH

Samsung (U.K) Ltd.

Samsung Trading PLC.

Xiod Distribution

Samsung France S.A.S.

Samsung Engineering & Construction(M) SDN.BHD.

Samsung Malaysia SDN. BHD.

Erdsam Co., Ltd.

Samsung Petroleum Singapore Ltd.

P.T. Samsung Development

Samsung Development (Thailand) Co., Ltd.

Samsung Thailand Co., Ltd.

Cheil Holding Inc.

Samsung Const. Co. Phils.,Inc.

Samsung Design Philippines Inc

Samsung (Australia) Pty., Ltd.

Samsung Oil & Gas(Timor Sea 06-102) Ltd.

Samsung (Hongkong) Ltd.

S.S. TAIWAN CO., LTD.

Samsung E&C (Shanghai) Co.,Ltd.

Dongguan Samsung Steel Center Co., Ltd.

Samsung Nigeria Co., Ltd.

Samsung Asia Private Ltd.

Samsung SDI America, Inc.

Samsung SDI (Malaysia) SDN. BHD.

Samsung SDI (Hong Kong) Ltd.

Samsung SDI Brasil Ltda.

Associated Wool Exporters Pty., Ltd.

eSamsung Japan Corporation.

Samsung Finance Corporation.

Samsung Pacific Construction Inc.

Meadowland Distribution

Samsung Webtrade.com Inc.

ZiREX Corporation Inc.

Web2Zone., Inc.

Samsung Foods Australia Pty. Ltd.

Samsung Italia S.A.R.L.

S.C. Otelinox S.A

Xiod Distribution

JSC RUSTONA

SS KUKDONG JASATERA J/V

SETIS CO., LTD

Samsung Const. Co. Phils.,Inc.

Samsung Thailand Co., Ltd.

Karson Industrial Co., Ltd.

Enterprise Co., Ltd.

Samsung (China) Logistics Ltd.

Samsung Corporation (Gaungzhou) Limited.

Dongguan Samsung Steel Center Co., Ltd.

Sino-Samsung Logistics Co., ltd

Samsung Japan Co., Ltd.

Samsung Yokohama Research Institute

Samsung Electronics America Inc.

Samsung Electronics Canada Inc.

Samsung Electronics Mexico S.A. De C.V.

Samsung Electronics (UK) Ltd.

Samsung Electronics Ltd.

Samsung Electronics Holding GmbH

Samsung Electronics Iberia, S.A.

Samsung Electronics France S.A.S

Samsung Electronics Hungarian RT.

Samsung Electronics Italia S.P.A.

Samsung Electronics Europe Logistics B.V.

Samsung Electronics Benelux B.V.

Samsung Electronics Overseas B.V.

Samsung Electronics Polska, SP.Zo.O

Samsung Electronics Portuguesa S.A.

Samsung Electronics Nordic Aktiebolag

Samsung Electronics Austria Gmbh

Samsung Electronics Slovakia s.r.o

Samsung Electronics Display (M) SDN.OMD.(HSD)

Samsung Electronics Malaysia SDN.BHD.

Samsung Vina Electronics Co., Ltd.

Samsung Asia Private Ltd.

SAMSUNG INDIA ELECTRONICS Private. LTD

Samsung India Software Operations Pvt. Ltd.

Samsung Telecommunications India

Samsung Electronics Australia Pty. Ltd.

Samsung Electro-Mechanics  Indonesia, pt

Thai-Samsung Electronics Co. Ltd.

Samsung Electronic Philippine Manufacturing Corp.

SAMSUNG MALAYSIA ELECTRONICS (SME) SDN. BHD.

Samsung Electronics Asia Holding Pte Ltd

Samsung Electronics Hong Kong Co., Ltd.

Souzhou Samsung Electronics Co., Ltd

Samsung (China) Investment Co., Ltd

Samsung Electronics Souzhou Semiconductor Co., Ltd.

SAMSUNG ELECTRONICS DIGITAL PRINTING

Samsung Electronics Huizhou Co., Ltd.

Tianjin Samsung Electronics Co., Ltd.

Samsung Electronics Taiwan Co., Ltd.

Tianjin Samsung Electronics Display Co., Ltd.

Tianjin Samsung Telecom Technology Co., Ltd.

Shanghai Samsung Semiconductor Co., Ltd.

Samsung Electronics Suzhou Computer Co.,Lcd

Samsung Electronics Suzhou LCD Co.,Lcd

Shenzhen Samsung Kejian Mobile Telecom. Tech. Co., Ltd.

Samsung Semiconductor China R&D.,Ltd.

Samsung Electronics Hainan Fiberoptics Co., Ltd

Hangzhou Samsung Eastcom Network Technology Co., Ltd.

Samsung Gulf Electronics Co., Ltd.

Samsung Electronics South Africa (Pty) Ltd.

Samsung Electronics Latin America Panama (Zona Libre) S.A.

Samsung Electronica Da Amazonia LTDA.

Samsung Electronics Argentina S.A.

Samsung Electronics Chile Limitada(Ltda)

Samsung-Crosna Joint Stock Company

Samsung Electronics RUS Co.

Samsung Russia Service Center

Samsung SDI Brasil Ltda.

SEMES America,Inc.(Former, KDNSA)

SCOMMTECH JAPAN CO.LTD

Samsung Telecommunications Australia Pty Ltd.

Samsung Electronics Huizhou Co., Ltd.

Samsung Receivables Corporation

Samsung Semiconductor Inc.

Samsung Information Systems America Inc.

Samsung International Inc.

Samsung Telecommunications America Limited Liability Company

Samsung Austin Semiconductor LLC.

Samsung Receivables Corporation

Samsung Semiconductor International.Inc.

Samsung Semiconductor Mexico, S.A.DE C.V.

Tasman Properties, Inc.

Samsung Austin Semiconductor LLC.

Samsung Mexicana S.A. De C.V.

Samsung Electronics Manufacturing (U.K.) Ltd.

Samsung Telecoms (UK) Ltd.

Samsung Semiconductor Europe Limited

Samsung Semiconductor Europe GmbH

Samsung Electronics GmbH

Samsung Semiconductor France S.A.R.L

Samsung Semiconductor Italia S.R.L

Samsung Semiconductor sweden AB

Samsung Electronics Slovakia s.r.o

Samsung Telecommunications Benelux

Samsung Electronics Rus

Samsung Electronics Ukraine

Samsung Electronics Kazakhstan

Tianjin Samsung Electronics Display Co., Ltd.

Samsung Electronics Display (M) SDN.OMD.(HSD)

Samsung Electronics Philippines Corporation (Former, SMC)

Samsung SDI (Malaysia) SDN. BHD.

Samsung Electro-Mechanics Thailand Co., Ltd.

eSamsung Asia (Holdings) Pte Ltd.

eSamsung Greater China Co., Ltd.

P.T. Samsung Telecommunications Indonesia

Batino Realty Corp.

Samsung Electronics ShenZhen Co.Ltd

eSamsung Asia (Holdings) Pte Ltd.

eSamsung Greater China Co., Ltd.

Souzhou Samsung Electronics Co., Ltd

SAMSUNG ELECTRONICS DIGITAL PRINTING

Samsung Electronics Huizhou Co., Ltd.

Tianjin Samsung Electronics Co., Ltd.

Tianjin Tongguang Samsung Electronics Co., Ltd.

Tianjin Samsung Electronics Display Co., Ltd.

Beijing Samsung Telecom. R&D Center.

Samsung Electronics Suzhou Computer Co.,Lcd

Samsung Electronics China R&D Center

Samsung Electronics Beijing Service Co., Ltd

Samsung Electronics Latino America Miami, Inc.

Samsung Electronica Columbia

Samsung Electronics Argentina S.A.

Samsung SDI America, Inc.

Samsung SDI Germany GmbH.

Samsung SDI Hungary Rt.

Samsung SDI (Malaysia) SDN. BHD.

Samsung SDI (Hong Kong) Ltd.

Samsung SDI Brasil Ltda.

SSH Limited. (Former, Shum Yip Tamy Ltd.)

Samsung SDI Mexico S.A. de C.V.

Samsung SDI Brasil Ltda.

Samsung SDIG Real Estate Gmbh

Samsung SDI (Hong Kong) Ltd.

Samsung SDI Brasil Ltda.

Samsung SDI (Hong Kong) Ltd.

Samsung SDI Brasil Ltda.

Samsung Corning Malaysia SDN. BHD.

Tianjin Samsung SDI Mobile Display Co.,Ltd

Shenzhen Samsung SDI Co., Ltd.

Tianjin Samsung SDI Co., Ltd.

Dongguan Samsung SDI Co., Ltd.

Shanghai Samsung Vacuum Electronic Devices Co., Ltd

Tianjin Samsung SDI Mobile Display Co.,Ltd

Samsung SDI Brasil Ltda.

Samsung Electro-Mechanics America, Inc.

Samsung Electro-Mechanics Germany, GMBH

Samsung Electro-Mechanics Hungary Inc.

Samsung Electro-Mechanics Thailand Co., Ltd.

Samsung Electro-Mechanics Philippines, Corp.

Calamba Premier Realty Corporation.

Samsung Electro-Mechanics  Indonesia, pt

Samsung Electro-Mechanics Pte.,Ltd

Samsung Electro-Mechanics Hongkong Co., Ltd.

Samsung Electro-Mechanics Mexicana, S.A. De C.V.

Samsung Electro-Mechanics Philippines, Corp.

Samsung Vina Insurance Co. Ltd.

SAMSUNG HEAVY INDUSTRIES RONGCHENG Ltd, CO.

Samsung Sakhalin Limited Liability Company

Samsung Life Investment (America) Ltd.

Samsung Life Investment (U.K.) Limited.

Samsung Properties China, Limited.

Samsung Asset Management(Asia) Ltd.

Cheil America Inc.

Samsung Chemical (USA), INC.

Samsung Fashion S.r.L

Samsung Chemical Europe Gmbh

Associated Wool Exporters Pty., Ltd.

Tianjin Samsung Wool Textile Co., Ltd.

Samsung Chemical Material Trading(Shanghai)Co.Ltd.

Samsung Opto-Electronics America, Inc.

Samsung Opto-Electronics UK., Ltd.

Samsung Opto-Electronics GmbH

Samsung Opto-Electronics France

Unisecurity, Inc.

Samsung Secui America.

eSamsung Japan Corporation.

Opentide Japan Co., Ltd.

eSamsung Asia (Holdings) Pte Ltd.

Opentide Asia Pte Ltd.

eSamsung Greater China Co., Ltd.

Opentide Greater China Co., Ltd.

Opentide Japan Co., Ltd.

Opentide Asia Pte Ltd.

Opentide Greater China Co., Ltd.

iMarket Asia Co., Ltd.

Opentide China Co., Ltd.

iMarket TianJin Co., Ltd.

Samsung Corning Deutschland GmbH.

Samsung Corning Malaysia SDN. BHD.

SSH Limited. ( Shum Yip Tamy Ltd.)

Samsung Securities (America), Inc.

Samsung Securities (Europe) Limited.

Samsung Securities (Asia) Limited.

Opentide Japan Co., Ltd.

Samsung SDS Infotech Pvt Ltd.

Opentide Asia Pte Ltd.

Opentide Greater China Co., Ltd.

Samsung SDS America, Inc.

Samsung SDS Europe Ltd.

Samsung SDS Asia Pacific Pte. Ltd.

Samsung Networks America, Inc.

SAMSUNG NETWORKS BEIJING Co. Ltd

Unisecurity, Inc.

Samsung SDS Brazil,Ltd.

Samsung SDS Mexico, S.A. DE C.V.

Samsung Engineering Magyarorszag Kft

Samsung Engineering (Malaysia) SDN. BHD.

PT Samsung Engineering Indonesia Co., Ltd.

Samsung Engineering (Thailand) Co., Ltd.

Samsung Engineering Philippines, Inc.

SETIS CO., LTD

Samsung Engineering India Private Ltd.

SAMSUNG ENGINEERING CONSULTING(SHANGHAI)CO.,LTD

Samsung Engineering Construction(Shanghai) Co., Ltd

Samsung Saudi Arabia Ltd.

Samsung INGENIERIA MEXICO S.A DE C.V.

Samsung Ingenieria Minatitlan, S.A. De C.V.

Triko Engineering Co., Ltd.

Samsung Engineering (Thailand) Co., Ltd.

Cheil Communications America, Inc.

CHEIL COMMUNICATIONS EUROPE LTD.

Cheil Communications Germany GmbH

Cheil Communications India Pvt. Ltd.

Cheil Communications (Thailand) Ltd

CHEIL COMMUNICATIONS SINGAPORE PTE. LTD

Samsung Advertising (Beijing) Inc

CHEIL COMMUNICATIONS MEA FZ-LLC

Cheil Communications do Brasil S/C Ltda.

Cheil Communications Mexico Inc.

Cheil Communications Rus Limited Liability Company

Samsung Hospitality America

New Jersey Int'l M.C.Inc.

Cheil Communications India Pvt. Ltd.

 

 

Sales by Region (Activity & Markets)

 

Sales/ Unit :Mil KRW

2006

2005

2004

Export

1,471,535

1,319,318

1,216,962

Domestic

1,372,268

1,310,488

1,261,910

Total

2,843,803

2,629,806

2,478,872

 

The Subject imports the raw materials for Electronics from Japan, and imports wools and cotton from Australia.

 

 

Court Action

 

Case No.

Court

Plaintiff(s)/ Creditor(s)/ Applicant(s)

Defendant(s)/ Debtor(s)/ Respondent(s)

Cause

Amount (KRW)

Status

 

 

Kum In-Soon and others(3,524)

The Subject Company, Saehan and SK

Claim for Damages

436,000,000

2nd Round Proceeding

 

 

Jung Taik-Kyo

The Subject Company and Samsung Corporation

Claim for Compensation

193,000,000

The Subject won

 

 

Intercia

The Subject Company

Cancelation on Brand Registration

-

Proceeding

 

 

Burberry Limited

The Subject Company

Claim for nullifying registration

 

Proceeding

 

 

Yoon Chul-Joo and others(2)

Lotte Shopping, The Subject Company and Lee Ok-Yon

Claim for Damages

36,000,000

Proceeding

 

At 09/1999, All Samsung Affiliated companies has signed the agreement on the settlement of Samsung Motor Co., Ltd with the creditors of Samsung Motor Co., Ltd. As of 12/29/2005, regarding this agreement, the creditors of Samsung Motor Co., Ltd had filed on this case against the Group Chairman, Lee Gun-Hee, and other Samsung Affiliated companies including the Subject Company.

 

 

News Clipping

 

Price Bubbles in Men’s Suits to be Deflated

 

Maeil Newspaper :07/04/2007

Given public criticisms on excessively priced male suits, five clothing brands: Cheil Industries, LG Fashion, Kolon Fashion, Cambridge Members and Mido Company, recently agreed to lower prices of their business suits by 20 percent on average as from next year spring. The five clothiers also decided to cut half the number of days, during which men’s suits are sold at discounted prices in department stores.

 

Executives of department stores and the five fashion companies that account for over 75 percent of the domestic men’s business suit market recently met to promote price rationalization and concluded on such a plan.

 

The discount range of the regular prices is to be between 10 to 30 percent depending on the brand and the average discount range is expected to be over 20 percent for the five suit makers.

 

For example, a suit with a 1 million won price tag can be purchased for only 800,000 won spring next year.

 

Along with price normalization, the five male suit sellers also decided to adjust the number of discount days according to sales seasons. They intend to rationalize the unreasonably long discount period by reducing the current 230 days a year to 130 days.

 

Men’s business suit business has caused it fair share of trouble in the market: they had been sold at discount prices for over 200 days a year and suits had been discounted immediately after new ones are introduced, which violated the fair trade regulation.

 

[Dong-eun Lee / KHS] [ Maeil Business Newspaper & mk.co.kr, All rights reserved]

 

 

As women rise up the ladder their clothes send a message

JoongangIlbo & Joins.com: 02/20/2007

 

omen in pants are coming.

 

Being able to chose between pants or skirts is a privilege granted only to women ― except for Scottish lads in kilts.

 

So a girl chooses either a skirt suit or a pantsuit.

 

The upper piece of the pantsuit is called a tailored jacket because of its resemblance to a man’s suit jacket.Women in pants were the dominant life form on the streets of America in the 1980’s.

 

This reflected women’s social status at the time.

 

Since then, however, formal attire has given way to more casual clothing.

 

Jeans became almost acceptable as business wear and so women’s pantsuits rarely had an opportunity to get out of the wardrobe.

 

Now, after some twenty years, pantsuits are back.The popular television series “Sex and the City” featured four women, each with a distinctive sense of style.

 

The short-haired, big shot lawyer Miranda sometimes wore pantsuits, which differentiated her from the other three girls.

 

Carrie, the sex columnist, was in love with extravagant shoes and dresses.

 

PR executive Samantha was the bold one who showed lots of skin, while Charlotte preferred reserved but elegant styles.

 

Although a career woman, Miranda only wore pantsuits sometimes.

 

She did not insist on it.

 

As a matter of fact, the four New Yorkers were overwhelmingly in favor of skirts.

 

Since they were the style icons for trendy and fashionable people worldwide, skirts were pretty much the in thing, at least between 1998 and 2004 when the show was in production.The revival of tailored jackets began with last year’s 2007 spring-summer collections.

 

Designer Yohji Yamamoto showed off a tuxedo-like jacket as his No.

 

1 choice for his Paris Collection.

 

Ann Demeulemeester and Stella McCartney came to Paris at the same time with masculine women’s suits and long dress jackets that cover the thighs.The fashion industry is definitely turning towards a more masculine line.

 

Even the very feminine French designer Sonia Rykiel, whose shows are usually full of flowers and lace, unveiled pantsuits that emphasized shoulders and minimized hips.

 

Theory, a brand imported and retailed by Cheil Industries, also focused on women’s pantsuits for this spring.More affordable brands have also joined this flow.

 

Hirst, originally a casual brand, launched a pantsuit line this spring, as did Codes Combine, YK038 and Jessi New York.Some fashion experts say the return of the pantsuit is all about career women making a statement about their right to be fashionableThe fashion journalist Toby Fischer-Mirkin observed in his book “Dress Code” that woman in suits and ties without any feminine accessories send the message, “I can compete with any man.”Photos by Kim Seong-ryongThe resurgence of the tailored jacket is not irrelevant to this analysis, and the increasing number of women with professional jobs probably strengthens the trend.

 

Recent research by the National Statistical Office showed that 70 percent of newly created professional job openings were filled by women last year.Fun Wear International’s marketing manager Seo Yeon-jeong comments, “It would be going too far to say that the virility in women’s clothing this season is ‘women challenging men,’ but it certainly is a reflection of changes in gender status in society.”The fashion industry now concentrates on the consumer power of women.

 

A survey of 100 distribution industry experts conducted by the Korea Chamber of Commerce in 2005 showed that 92.3 percent believed women to be the more influential consumer group, compared to men (7.7 percent).

 

As for age groups, women in their 30s (61.5 percent) were thought to be far more significant than the women in their 20s (26.2 percent).

 

With pantsuits, the fashion industry has given women in their 30s exactly what they want.A pantsuit does not have to be stale and stereotyped.

 

A simple touch can lighten up a dull suit, and this season’s pantsuits are doing just that.Jacket sleeves or necklines detailed with lace and ruffles give a feminine polish to the rigid pantsuit.

 

Moon Keun-young’s simple jacket with a ruffle-neck inner blouse in the movie “Love Me Not” is the perfect example.A balanced combination of fancy and plain is also important.

 

To a flower patterned pantsuit, try matching a low v-neck knit.

 

This will give the outfit an adequate mixture of masculinity and femininity.Layering is another good way of softening down.

 

An above-the-waist black jacket over a shirt that covers the hips with jeans will be a fashionable application of the tailored jacket.By Ghang Seung-min Staff Writer [estyle@joongang.co.kr]

 

- Copyrights : JoongangIlbo & Joins.com, All rights reserved. -

 


 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions