MIRA INFORM REPORT

Report Date :

26.08.2013

IDENTIFICATION DETAILS

Name :	LG HOUSEHOLD & HEALTH CARE
Registered Office :	LG Gwanghwamun Bldg. , 92, Sinmunno 2-Ga, Jongno-Gu Seoul, 110783
Country :	South Korea
Financials (as on) :	31.12.2012
Date of Incorporation :	03.04.2001
Legal Form :	Public Subsidiary
Line of Business :	Manufacture of soap and detergents, cleaning and polishing preparations, perfumes and toilet preparations
No. of Employees :	3,681

RATING & COMMENTS

MIRA’s Rating :

A

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
South Korea	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

SOUTH KOREA - ECONOMIC OVERVIEW

South Korea over the past four decades has demonstrated incredible growth and global integration to become a high-tech industrialized economy. In the 1960s, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies, and is currently the world's 12th largest economy. Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible. The government promoted the import of raw materials and technology at the expense of consumer goods, and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea's development model including high debt/equity ratios and massive short-term foreign borrowing. GDP plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. Korea adopted numerous economic reforms following the crisis, including greater openness to foreign investment and imports. Growth moderated to about 4% annually between 2003 and 2007. Korea''s export focused economy was hit hard by the 2008 global economic downturn, but quickly rebounded in subsequent years, reaching 6.3% growth in 2010. The US-South Korea Free Trade Agreement was ratified by both governments in 2011 and went into effect in March 2012. Throughout 2012 the economy experienced sluggish growth because of market slowdowns in the United States, China, and the Eurozone. The incoming administration in 2013, following the December 2012 presidential election, is likely to face the challenges of balancing heavy reliance on exports with developing domestic-oriented sectors, such as services. The South Korean economy''s long term challenges include a rapidly aging population, inflexible labor market, and heavy reliance on exports - which comprise half of GDP.

Source : CIA

Company name and address

Top of Form

LG Household & Health Care

LG Gwanghwamun Bldg.
, 92, Sinmunno 2-Ga, Jongno-Gu
Seoul, 110783
Korea, Republic of
Tel:	82-2-37731114
Fax:	82-2-37737934
www.lgcare.com

Employees:

3,681

Company Type:

Public Subsidiary

Corporate Family:

216 Companies

Ultimate Parent:

LG Corp

Traded:

Korea Stock Exchange:

051900

Incorporation Date:

03-Apr-2001

Auditor:

KPMG LLP

Financials in:	USD (mil)
Fiscal Year End:	31-Dec-2012
Reporting Currency:	South Korean Won
Annual Sales:	3,457.6 ^1
Net Income:	269.7
Total Assets:	2,592.0 ^2
Market Value:	8,280.3
	(09-Aug-2013)

Business Description

LG Household & Healthcare Ltd. is a Korea-based company engaged in the manufacture of household goods, cosmetics and beverages. Its household goods include oral care products, skin care products, hair care products, laundry products, home care products and paper products under the brand names of Perioe, SAY, Elastine, TECH, Saffron and others. Its cosmetics include skin, lotion, essence, lipsticks, eye creams and others under the brand names of OHUI, Whoo, ISA KNOX and SOORYEHAN. Its beverage products include juice, tea, coffee and bottle water products. On January 25, 2013, it acquired a 100% stake in Everlife Co.,Ltd., a Japan-based company, which mainly engaged in inner beauty business. For the three months ended 31 March 2013, LG Household & Health Care revenues increased 10% to W1.072T. Net income applicable to common stockholders increased 13% to W88.67B. Revenues reflect Cosmetics segment increase of 11% to W432.68B, Household Product Segment increase of 11% to W375.87B, Drink segment increase of 8% to W263.78B, Asia segment increase of 86% to W98.99B, South Korea segment increase of 3% to W910.58B.

Industry

Industry	Miscellaneous Chemical Manufacturing
ANZSIC 2006:	1852 - Cosmetic and Toiletry Preparation Manufacturing
ISIC Rev 4:	2023 - Manufacture of soap and detergents, cleaning and polishing preparations, perfumes and toilet preparations
NACE Rev 2:	2042 - Manufacture of perfumes and toilet preparations
NAICS 2012:	32562 - Toilet Preparation Manufacturing
UK SIC 2007:	2042 - Manufacture of perfumes and toilet preparations
US SIC 1987:	2844 - Perfumes, Cosmetics, and Other Toilet Preparations

Key Executives

Name	Title
Suk Y. Cha	Chairman of the Board, Chief Executive Officer
Keon Oh Kim	Chief Financial Officer, Vice President, Director
Cheon Koo Lee	Chief Technology Officer, Managing Director
Heung Sik Kim	Chief Human Resource Officer, Assistant Managing Director
Cheon Koo Lee	Chief Technology Officer

Significant Developments

Topic	#*	Most Recent Headline	Date
Mergers & Acquisitions	2	LG Household & Health Care Co., Ltd. to Acquire Everlife Co.,Ltd.	17-Dec-2012
Negative Earnings Pre-Announcement	1	LG Household & Health Care Co., Ltd. Issues FY 2013 Outlook Below Analysts' Estimates	22-Jan-2013
Equity Investments	1	LG Household & Health Care Co., Ltd. Announces Changes in Shareholding Structure	3-Jul-2013
Dividends	1	LG Household & Health Care Co., Ltd. Declares Annual Cash Dividend for FY 2012	22-Jan-2013

Financial Summary

As of 31-Mar-2013

Key Ratios	Company	Industry
Current Ratio (MRQ)	0.86	1.40
Quick Ratio (MRQ)	0.59	0.80
Debt to Equity (MRQ)	0.97	0.91
Sales 5 Year Growth	17.93	6.30
Net Profit Margin (TTM) %	8.09	16.38
Return on Assets (TTM) %	10.17	10.81
Return on Equity (TTM) %	24.80	28.10

Stock Snapshot

Traded: Korea Stock Exchange: 051900

As of 9-Aug-2013

   Financials in: KRW

Recent Price	559,000.00	EPS	18,056.95
52 Week High	697,000.00	Price/Sales	2.36
52 Week Low	517,000.00	Dividend Rate	3,750.00
Avg. Volume (mil)	0.03	Price/Earnings	32.72
Market Value (mil)	9,212,453.00	Price/Book	6.88
		Beta	0.49

	Price % Change	Rel S&P 500%
4 Week	0.54%	-0.03%
13 Week	-9.25%	-6.16%
52 Week	-5.25%	-2.23%
Year to Date	-14.92%	-9.65%

1 - Profit & Loss Item Exchange Rate: USD 1 = KRW 1126.849
2 - Balance Sheet Item Exchange Rate: USD 1 = KRW 1066.4

Corporate Overview

Location
LG Gwanghwamun Bldg.
, 92, Sinmunno 2-Ga, Jongno-Gu
Seoul, 110783
Korea, Republic of

Tel:	82-2-37731114
Fax:	82-2-37737934

www.lgcare.com

Quote Symbol - Exchange
051900 - Korea Stock Exchange
Sales KRW(mil):	3,896,218.0
Assets KRW(mil):	2,764,135.5
Employees:	3,681
Fiscal Year End:	31-Dec-2012

Industry:

Personal and Household Products

Incorporation Date:	03-Apr-2001
Company Type:	Public Subsidiary
Quoted Status:	Quoted

Chairman of the Board, Chief Executive Officer:

Suk Y. Cha

Industry Codes

ANZSIC 2006 Codes:
1852	-	Cosmetic and Toiletry Preparation Manufacturing
1211	-	Soft Drink, Cordial and Syrup Manufacturing
1851	-	Cleaning Compound Manufacturing

ISIC Rev 4 Codes:
2023	-	Manufacture of soap and detergents, cleaning and polishing preparations, perfumes and toilet preparations
1104	-	Manufacture of soft drinks; production of mineral waters and other bottled waters

NACE Rev 2 Codes:
2042	-	Manufacture of perfumes and toilet preparations
2041	-	Manufacture of soap and detergents, cleaning and polishing preparations
1107	-	Manufacture of soft drinks; production of mineral waters and other bottled waters

NAICS 2012 Codes:
32562	-	Toilet Preparation Manufacturing
325613	-	Surface Active Agent Manufacturing
325611	-	Soap and Other Detergent Manufacturing
312111	-	Soft Drink Manufacturing

US SIC 1987:
2844	-	Perfumes, Cosmetics, and Other Toilet Preparations
2086	-	Bottled and Canned Soft Drinks and Carbonated Waters
2843	-	Surface Active Agents, Finishing Agents, Sulfonated Oils, and Assistants
2841	-	Soap and Other Detergents, Except Specialty Cleaners

UK SIC 2007:
2042	-	Manufacture of perfumes and toilet preparations
20411	-	Manufacture of soap and detergents
2041	-	Manufacture of soap and detergents, cleaning and polishing preparations
1107	-	Manufacture of soft drinks; production of mineral waters and other bottled waters

Business Description

LG Household & Healthcare Ltd. is a Korea-based company engaged in the manufacture of household goods, cosmetics and beverages. Its household goods include oral care products, skin care products, hair care products, laundry products, home care products and paper products under the brand names of Perioe, SAY, Elastine, TECH, Saffron and others. Its cosmetics include skin, lotion, essence, lipsticks, eye creams and others under the brand names of OHUI, Whoo, ISA KNOX and SOORYEHAN. Its beverage products include juice, tea, coffee and bottle water products. On January 25, 2013, it acquired a 100% stake in Everlife Co.,Ltd., a Japan-based company, which mainly engaged in inner beauty business. For the three months ended 31 March 2013, LG Household & Health Care revenues increased 10% to W1.072T. Net income applicable to common stockholders increased 13% to W88.67B. Revenues reflect Cosmetics segment increase of 11% to W432.68B, Household Product Segment increase of 11% to W375.87B, Drink segment increase of 8% to W263.78B, Asia segment increase of 86% to W98.99B, South Korea segment increase of 3% to W910.58B.

More Business Descriptions

Manufacture of healthcare and household products including shampoos, toothpaste and cosmetics

Household & Health Care Products Mfr

LG Household & Health Care Ltd. (LG H&H) is a household goods manufacturing company. The company produces oral care products, skin care products, cosmetics, laundry products, hair care products, home care products and raw materials such as stearin and glycerin among others. It produces, sells and distributes carbonated and non-carbonated beverages. The company's operates its business through three reportable segments such as Household products segment, Cosmetics segment and Beverage segment. Its Household products segment offers assortment of products including oral care products such as toothpastes and toothbrushes, skin care products such as soaps and body cleansers, hair care products such as shampoos, conditioners and hair styling products, laundry products such as detergents and fabric softeners, home care products such as kitchen and bathroom cleansers, and paper products including disposable diapers and wet tissues among others. The company markets its products under the brand names Elastine, Tech, Perioe, Saffron, and Bodyfit. LG H&H’s major customers include departmental stores, Nonghyup, discount stores and others. For the fiscal year ended December 2012, the segment’s sales was reported as won 1,266bn, representing an increase of 6.8% over the previous year. The segment accounted 32.49% of the company’s total sales. LG H&H through its Cosmetics segment offers cosmetics ranging from basic cosmetics to coloring cosmetics and functional cosmetics. The segment offers products such as pressed powders, eye creams, facial moisturizers, foam cleansers, eye shadows, foundations, lipsticks, essence, lotions and packs. It sells the products under the brands that include O HUI, Whoo, Isa Knox, Sooryehan, Vonin and others. The company sells its products to Department stores, discount stores, cosmetic stores and others. LG H&H has acquired THEFACESHOP, a cosmetic brand shop, to increase the product portfolio. The company also has a number of multi-brand cosmetics shop through the brand Beautiplex. For the fiscal year ended December 2012, the segment’s sales was reported as won 1,479bn, representing an increase of 20.5% over the previous year. The segment accounted 37.96% of the company’s total sales. The company’s Beverages segment produces sells and distributes carbonated and non-carbonated beverages through Coca-Cola Beverages Co. Ltd. It offers carbonated and non-carbonated drinks such as cool drinks, fruit juices, packaged water and coffee. LG H&H’s carbonated drinks are sold through the brands Coca Cola, Sprite, Fanta, Fanta Shaker, DK; non-carbonated drinks are sold through the brands Powerade, Minute Maid, GlaceauVitamin Water; packaged water are sold through the brands VioJejuV Water, VioDiamond Water; and coffee through illyCoffee and Georgia Coffee. For the fiscal year ended December 2012, the segment’s sales was reported as won 1,151bn, representing an increase of 10.3% over the previous year. The segment accounted 29.54% of the company’s total sales. Its production facilities are located in Naju, Cheongju, Ulsan and Onsan. The company’s Cheongju factory manufactures household goods and cosmetics such as toothpastes, toothbrushes, shampoos, conditioners, powder detergents, detergents for the house and kitchen, hair products, and basic and color cosmetics such as LacVert, Isaknox etc. Its Ulsan factory produces household products such as laundry detergent, skin care products and industrial additives. The Onsan factory produces anion surface active agent such as LAS, SLES. LG H&H’s Naju factory produces tooth brushes, food packaging materials and wraps film. The company operates through subsidiaries including Coca-Cola Beverage Co. Ltd; TheFaceShop Co., Ltd.; DIAMOND PURE WATER CO., LTD.; Hankook Beverage Co., Ltd.; LG Household & Health Care International Trading (Shanghai) Co., Ltd.; Beijing LG Household Chemical Co., Ltd.; Hangzhou LG Cosmetics Co., Ltd.; LG Vina Cosmetics Co., Ltd; LG Household & Health Care America Inc.; LG Household & Health Care (Taiwan), Ltd.; and THEFACESHOP North America Inc. Geographically, the company has operations in the US, China, Taiwan and Vietnam.

LG Household & Health Care Ltd. (LG H&H) is a manufacturer of household goods. The company produces oral care products, skin care products, cosmetics, laundry products, hair care products, home care products and raw materials such as stearin and glycerin. It conducts its business through three reportable segments such as Household products segment, Cosmetics segment and Beverage segment. LG H&H’s Household products segment offers assortment of products including oral care products, skin care products, hair care products, conditioners and hair styling products, laundry products, home care products and paper products. The company’s Cosmetics segment offers cosmetics ranging from basic cosmetics to coloring cosmetics and functional cosmetics. Its Beverages segment produces sells and distributes carbonated and non-carbonated beverages through Coca-Cola Beverages Co. Ltd. The company markets its products under the brand names Elastine, O HUI, Whoo, Isa Knox, Sooryehan, Vonin, Tech, Perioe, Saffron, Coca Cola, Sprite, Fanta, and Bodyfit. LG Household & Health Care is headquartered in Seoul, Gyeonggi-do, Korea.The company reported revenues of (Won) KRW 3,896,218.10 million during the fiscal year ended December 2012, an increase of 12.74% over 2011. The operating profit of the company was KRW 445,531.11 million during the fiscal year 2012, an increase of 20.35% over 2011. The net profit of the company was KRW 303,935.57 million during the fiscal year 2012, an increase of 14.81% over 2011.

Toilet Preparation Manufacturing

Brand/Trade Names
Elastine Perioe Saffron Say	Tech LacVert Isa Knox Vonin

Financial Data

Financials in:	KRW(mil)
Revenue:	3,896,218.0
Net Income:	303,935.6
Assets:	2,764,135.5
Long Term Debt:	311,775.4
Total Liabilities:	1,562,584.6
Working Capital:	-148.0
Date of Financial Data:	31-Dec-2012

1 Year Growth

12.7%

14.8%

16.7%

Market Data

Quote Symbol:	051900
Exchange:	Korea Stock Exchange
Currency:	KRW
Stock Price:	559,000.0
Stock Price Date:	08-09-2013
52 Week Price Change %:	-5.3
Market Value (mil):	9,212,452,864.0
SEDOL:	6344456
ISIN:	KR7051900009
Equity and Dept Distribution:
All financials are Consolidated. FY'01 is Co's first accounting fiscal year. Spin-off on 3/28/2002. FY'02 & '03 are reclassfied. FY'04 is restated. FY'06 financial is RES. FY'09 financial is CLA.

Shareholders

Major Shareholders

LG Corporation (34%)

Key Corporate Relationships

Auditor:	KPMG LLP
Auditor:	KPMG LLP

Corporate Structure News

LG Household & Health Care
Total Corporate Family Members: 216

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
LG Corp	Parent	Seoul	Korea, Republic of	Audio and Video Equipment Manufacturing	8,720.9	101
LG Electronics Inc.	Affiliates	Seoul	Korea, Republic of	Audio and Video Equipment Manufacturing	45,223.4	38,472
LG Display Co Ltd	Affiliates	Seoul	Korea, Republic of	Semiconductor and Other Electronic Component Manufacturing	26,116.8	34,714
Lg Display (Nanjing) Co., Ltd.	Subsidiary	Nanjing, Jiangsu	China	Semiconductor and Other Electronic Component Manufacturing	410.1	10,000
Suzhou Raken Technology Co., Ltd.	Subsidiary	Suzhou, Jiangsu	China	Semiconductor and Other Electronic Component Manufacturing	1,529.8	3,800
L&T Display Technology (Xiamen) Ltd.	Subsidiary	Xiamen, Fujian	China	Semiconductor and Other Electronic Component Manufacturing	546.0	2,000
Lg Display Poland Sp Z O O	Subsidiary	Biskupice Podgorne	Poland	Semiconductor and Other Electronic Component Manufacturing	87.8	2,000
Lg Display (Shanghai) Co., Ltd.	Subsidiary	Shanghai, Shanghai	China	Electronics Wholesale		85
Lg Display Singapore Pte. Ltd.	Subsidiary	Singapore	Singapore	Electronics Wholesale	1,381.3	28
LG Display Taiwan Co., Ltd.	Subsidiary	Taipei	Taiwan	Electronics Wholesale
LG Display Shenzhen Co., Ltd	Subsidiary	Shenzhen	China	Professional and Commercial Equipment Wholesale
LG Display Japan Co., Ltd	Subsidiary	Tokyo	Japan	Semiconductor and Other Electronic Component Manufacturing
LG Display Shanghai Co., Ltd.	Subsidiary	Shanghai	China	Professional and Commercial Equipment Wholesale
LG Display Yantai Co., Ltd.	Subsidiary	Yantai	China	Electrical Equipment and Appliances Manufacturing
LG Innotek Co., Ltd.	Subsidiary	Seoul	Korea, Republic of	Semiconductor and Other Electronic Component Manufacturing	4,717.5	9,426
Lg Innotek Indonesia, Pt	Subsidiary	Bekasi, West Java	Indonesia	Semiconductor and Other Electronic Component Manufacturing	170.0	2,700
Lg Innotek (Fuzhou) Co., Ltd.	Subsidiary	Fuzhou, Fujian	China	Semiconductor and Other Electronic Component Manufacturing	33.6	600
Lg Innotek Poland Sp Z O O	Subsidiary	Biskupice Podgorne	Poland	Non-Metallic Mineral Product Manufacturing	49.5	500
Lg Innotek (Taiwan) Co., Ltd.	Subsidiary	Taipei City, Taipei	Taiwan	Electronics Wholesale		16
Lg Innotek Co. Ltd.	Branch	Frankfurt Am Main, Hessen	Germany	Research and Development Services		3
Lg Innotek Co., Ltd.	Branch	Minato-Ku, Tokyo	Japan	Electronics Wholesale
Lg Innotek Co., Ltd., Lg Innotek Co., Ltd._Ansan R&D Center	Branch	Ansan, Kyonggi-Do	Korea, Republic of	Nonclassifiable Establishments
LG Uplus Corp	Subsidiary	Seoul	Korea, Republic of	Wireless Telecommunications Carriers	9,677.1	6,560
Medialog Corp.	Subsidiary	Seoul, Seoul	Korea, Republic of	Internet and Web Services	53.5	167
Dacom Crossing Corporation	Subsidiary	Seoul, Seoul	Korea, Republic of	Wireless Telecommunications Carriers	14.7
Partes De Televisión De Reynosa, S.A. De C.V.	Subsidiary	Reynosa, Tamaulipas	Mexico	Audio and Video Equipment Manufacturing		5,000
Taizhou Lg Electronics Refrigeration Co., Ltd.	Subsidiary	Taizhou, Jiangsu	China	Electrical Equipment and Appliances Manufacturing	622.3	3,500
LG Electronics India Pvt. Ltd	Subsidiary	Noida, Uttar Pradesh	India	Electrical Equipment and Appliances Manufacturing		3,000
Lg Electronics India Private Limited	Subsidiary	New Delhi,	India	Nonclassifiable Establishments
LG Electronics Mlawa Sp. z.o.o.	Subsidiary	Mlawa	Poland	Audio and Video Equipment Manufacturing	1,330.2	2,497
LG Electronics da Amazonia Ltda.	Subsidiary	São Paulo, SP	Brazil	Audio and Video Equipment Manufacturing	2,197.1	2,280
Hiplaza Co., Ltd.	Subsidiary	Seoul	Korea, Republic of	Electronics and Appliances Stores	1,004.6	2,130
LG Electronics Thailand Co Ltd	Subsidiary	Bangkok	Thailand	Audio and Video Equipment Manufacturing	781.7	2,000
LG Electronics Wroclaw Sp. z.o.o.	Subsidiary	Kobierzyce	Poland	Electrical Equipment and Appliances Manufacturing	1,504.4	1,593
Qingdao Lg Inspur Digital Communication Co., Ltd.	Subsidiary	Qingdao, Shandong	China	Communications Equipment Manufacturing	995.8	1,500
Lg Electronics (Shenyang) Inc.	Subsidiary	Shenyang, Liaoning	China	Audio and Video Equipment Manufacturing	258.2	650
Hi-M Solutek Co., Ltd.	Subsidiary	Seoul, Seoul	Korea, Republic of	Consumer Electronics Repair and Maintenance		557
Lg Electronics Egypt Sae	Subsidiary	Cairo	Egypt	Semiconductor and Other Electronic Component Manufacturing		500
Lg Electronics España Sa	Subsidiary	Las Rozas De Madrid, Madrid	Spain	Electronics Wholesale	827.7	467
LG Electronics Pty Limited	Subsidiary	Eastern Creek, NSW	Australia	Electronics Wholesale	758.4	435
Hi Business Logistics Co., Ltd.	Subsidiary	Seoul	Korea, Republic of	Trucking	296.3	425
Hi Logistics Europe B.V.	Subsidiary	Oosterhout Nb, Noord-Brabant	Netherlands	Data Processing	55.9	319
LG Electronics (Hangzhou) Recording Media Co., Ltd	Subsidiary	Hangzhou	China	Electrical Equipment and Appliances Manufacturing		400
Lg Electronics Wales Ltd	Subsidiary	Cardiff	United Kingdom	Electrical Equipment and Appliances Manufacturing		395
LG Electronics Phillipines, Inc	Subsidiary	Pasig	Philippines	Industrial Machinery Repair and Maintenance		300
LG Mitr Electronics Co., Ltd.	Subsidiary	Bangkok, Chachangsao	Thailand	Audio and Video Equipment Manufacturing		300
Lg Electronics U.K. Ltd	Subsidiary	Slough	United Kingdom	Miscellaneous Wholesale	610.9	293
Lg Electronics U.K. Limited	Subsidiary	Rathcoole	Ireland	Electronics Wholesale	1,076.1	267
LG Electronics U.S.A., Inc.	Subsidiary	Englewood Cliffs, NJ	United States	Computer, Office Equipment and Software Merchant Wholesalers	212.0	200
Lg Electronics Reynosa, S.A. De C.V.	Subsidiary	Reynosa, Tamaulipas	Mexico	Communications Equipment Manufacturing	2,402.8	1,800
LG InfoComm U.S.A., Inc.	Subsidiary	San Diego, CA	United States	Electronics Wholesale		500
LG Electronics Alabama, Inc.	Subsidiary	Huntsville, AL	United States	Audio and Video Equipment Manufacturing	224.0	400
Lg Electronics Mobile Communication USA	Subsidiary	San Diego, CA	United States	Semiconductor and Other Electronic Component Manufacturing		230
Lg Electronics Mobile Communication USA	Branch	Shawnee Mission, KS	United States	Semiconductor and Other Electronic Component Manufacturing	6.6	19
Lg Electronics Mobile Communication USA	Branch	Bellevue, WA	United States	Semiconductor and Other Electronic Component Manufacturing	4.3	13
LG Electronics	Branch	Houston, TX	United States	Semiconductor and Other Electronic Component Manufacturing	10.7	20
LG Electronics	Branch	Troy, MI	United States	Semiconductor and Other Electronic Component Manufacturing	6.5	20
LG Electronics	Branch	Hoffman Estates, IL	United States	Semiconductor and Other Electronic Component Manufacturing	6.2	20
LG Electronics	Branch	Alpharetta, GA	United States	Semiconductor and Other Electronic Component Manufacturing	5.6	20
LG Electronics	Branch	Dakota Dunes, SD	United States	Semiconductor and Other Electronic Component Manufacturing	5.1	20
LG Electronics	Branch	Miami, FL	United States	Semiconductor and Other Electronic Component Manufacturing	4.7	20
LG Electronics	Branch	Doral, FL	United States	Semiconductor and Other Electronic Component Manufacturing	3.3	14
LG Electronics	Branch	Romeoville, IL	United States	Semiconductor and Other Electronic Component Manufacturing	3.4	11
LG Electronics	Branch	Englewood Cliffs, NJ	United States	Semiconductor and Other Electronic Component Manufacturing	3.3	11
LG Electronics	Branch	Morristown, NJ	United States	Semiconductor and Other Electronic Component Manufacturing	3.3	11
LG Electronics	Branch	Rancho Cucamonga, CA	United States	Semiconductor and Other Electronic Component Manufacturing	3.0	11
LG Electronics	Branch	Pagosa Springs, CO	United States	Semiconductor and Other Electronic Component Manufacturing	3.0	11
LG Electronics	Branch	Rogers, AR	United States	Semiconductor and Other Electronic Component Manufacturing	2.9	11
LG Electronics	Branch	Minneapolis, MN	United States	Semiconductor and Other Electronic Component Manufacturing	2.8	11
LG Electronics	Branch	Doral, FL	United States	Semiconductor and Other Electronic Component Manufacturing	2.6	11
LG Electronics	Branch	San Jose, CA	United States	Semiconductor and Other Electronic Component Manufacturing	2.2	8
LG Electronics	Branch	Atlanta, GA	United States	Semiconductor and Other Electronic Component Manufacturing	1.7	6
LG Electronics	Branch	Lutz, FL	United States	Semiconductor and Other Electronic Component Manufacturing	1.4	6
LG Electronics	Branch	Englewood Cliffs, NJ	United States	Semiconductor and Other Electronic Component Manufacturing	0.6	2
LG Electronics	Branch	Mission, TX	United States	Semiconductor and Other Electronic Component Manufacturing	0.5	1
Lg Electronics Mexicali, S.A. De C.V.	Subsidiary	Mexicali, Baja California	Mexico	Computer and Peripheral Equipment Manufacturing	21.1
Lg Electronics (China) Research & Development Center Co., Ltd.	Subsidiary	Beijing, Beijing	China	Research and Development Services	10.0	200
Hientech Co., Ltd.	Subsidiary	Buchon, Kyonggi-Do	Korea, Republic of	Miscellaneous Store Retailers		190
LG Electronics Canada, Inc.	Subsidiary	Mississauga, ON	Canada	Commercial and Industrial Rental	395.0	180
LG Electronics (M) Sdn Bhd	Subsidiary	Petaling Jaya, Selangor	Malaysia	Electronics Wholesale	150.5	180
LG Electronics Nordic AB	Subsidiary	Kista	Sweden	Electronics Wholesale	316.4	177
Zenith Electronics Corp.	Subsidiary	Lincolnshire, IL	United States	Audio and Video Equipment Manufacturing	195.6	160
LG Electronics, Panama S.A.	Subsidiary	Panama	Panama	Industrial Machinery Repair and Maintenance		158
LG Electronics Magyar Kereskedelmi Kft	Subsidiary	Budapest	Hungary	Electronics Wholesale	269.0	128
LG Electronics Morocco SARL	Subsidiary	Casablanca	Morocco	Electronics Wholesale		120
LG Electronics Gulf FZE	Subsidiary	Dubai	United Arab Emirates	Electronics Wholesale		100
LG Electronics CZ, s.r.o.	Subsidiary	Prague	Czech Republic	Electronics Wholesale		100
LG Electronics Mobilecomm France SAS	Subsidiary	Villepinte	France	Computer Programming	9.5	74
LG Electronics Latvia, LLC	Subsidiary	Riga	Latvia	Electrical Equipment and Appliances Manufacturing		70
LG Electronics, Inc. Poland	Subsidiary	Warsaw	Poland	Industrial Machinery Repair and Maintenance		70
LG Electronics Japan	Subsidiary	Tokyo	Japan	Audio and Video Equipment Manufacturing		67
LG Electronics Venezuela S.A.	Subsidiary	Caracas	Venezuela	Electrical Equipment and Appliances Manufacturing		60
Ace R&D Co., Ltd.	Subsidiary	Hwasong, Kyonggi-Do	Korea, Republic of	Motor Vehicle Parts Manufacturing		36
LG Electronics HK Ltd.	Subsidiary	North Point	Hong Kong	Electronics Wholesale		30
Lb Investment Inc.	Subsidiary	Seoul, Seoul	Korea, Republic of	Securities	15.6	27
Lg Electronics Africa Logistics Fze	Subsidiary	Dubai	United Arab Emirates	Electronics Wholesale		16
Lg Electronics Norway AS	Subsidiary	Oslo, Oslo	Norway	Miscellaneous Wholesale	7.4	7
LG Electronics Rus	Subsidiary	Ruzskiy Rayon, Moskovskaya Oblast	Russian Federation	Computer and Peripheral Equipment Manufacturing	2,270.6
Lg Electronics Rus Ooo	Subsidiary	Dorokhovo Pos.	Russian Federation	Electrical Equipment and Appliances Manufacturing	2,270.6
Lg Electronics Rus Ooo	Branch	Moscow	Russian Federation	Electrical Equipment and Appliances Manufacturing
LG Electronics de São Paulo Ltda.	Subsidiary	São Paulo, SP	Brazil	Audio and Video Equipment Manufacturing	1,413.0
LG Electronics Colombia Ltda	Subsidiary	Cota, Cundinamarca	Colombia	Electronics Wholesale	615.7
LG Electronics Singapore Pte Ltd	Subsidiary	Singapore	Singapore	Electronics Wholesale	220.0
Lg Hitachi Ltd.	Joint Venture	Seoul, Seoul	Korea, Republic of	Electronics and Appliances Stores	62.2
Lg Electronics European Holding B.V.	Subsidiary	Amstelveen, Noord-Holland	Netherlands	Computer, Office Equipment and Software Merchant Wholesalers
LG Electronics Deutschland GmbH	Subsidiary	Ratingen, Nordrhein-Westfalen	Germany	Electronics and Appliances Stores	1,059.5	320
LG Electronics France SARL	Subsidiary	Roissy CDG	France	Electronics Wholesale	1,056.5	374
LG Electronics Italia S.p.A	Subsidiary	San Donato Milanese, Milan	Italy	Electronics Wholesale	448.3	250
LG Electronics Portugal SA	Subsidiary	Paço de Arcos, Lisboa	Portugal	Electronics Wholesale	175.2	116
Lg Electronics Romania Srl	Subsidiary	Bucuresti	Romania	Electronics Wholesale	45.8	59
LG Soft India Private Limited	Subsidiary	Bangalore, Karnataka	India	Computer Programming
Lg Soft India Private Ltd.	Subsidiary
LG Electronics Taiwan Taipei Co., Ltd	Subsidiary	Taipei	Taiwan	Electronics Wholesale
P.T. LG Electronics Indonesia	Subsidiary	Jakarta	Indonesia	Electronics Wholesale
Lg Electronics Inc. Chile Limitada	Subsidiary	Santiago, Santiago	Chile	Electronics Wholesale
LG Electronics Egypt S.A.E.	Subsidiary	Cairo	Egypt	Electrical Equipment and Appliances Manufacturing
LG Electronics SA (Pty) Ltd	Subsidiary	Elandsfontein	South Africa	Electronics Wholesale
LG Electronics Peru S.A.	Subsidiary	Lima	Peru	Electronics Wholesale
LG Electronics Ukraine Inc	Subsidiary	Kiev	Ukraine	Electrical Equipment and Appliances Manufacturing
Inspur Lg Digital Mobile Communications Co., Ltd.	Subsidiary	Yantai, Shandong	China	Communications Equipment Manufacturing
LG Electronics (Kunshan) Computer Co., Ltd	Subsidiary	Kunshan, Jiangsu	China	Electrical Equipment and Appliances Manufacturing
LG Electronics Qinhuangdao Inc	Subsidiary	Qinhuangdao	China	Electrical Equipment and Appliances Manufacturing
LG Electronics Hellas S.A.	Subsidiary	Athens	Greece	Electrical Equipment and Appliances Manufacturing
LG Electronics Monterrey Mexico S.A. de C.V.	Subsidiary	Apodaca, Nuevo Leon	Mexico	Electrical Equipment and Appliances Manufacturing
LG Electronics JIT Europe B.V	Subsidiary	Almere	Netherlands	Consulting Services
Lg Electronics Chile	Subsidiary	Las Condes, Santiago	Chile	Software
LG Micron (Fujian) Electronics Co., Ltd	Subsidiary	Fuzhou	China	Semiconductor and Other Electronic Component Manufacturing
LG Electronics Ticaret A.S.	Subsidiary	Istanbul	Turkey	Electrical Equipment and Appliances Manufacturing
LG Electronics European Logistics & Services B.V.	Subsidiary	Almere	Netherlands	Consulting Services
LG Electronics Peru S.A.	Subsidiary	Lima	Peru	Electrical Equipment and Appliances Manufacturing
LG Electronics Vietnam Co., Ltd	Subsidiary	Nhu Quynh, Hung Yen	Viet Nam	Electronics Wholesale
LG Electronics S.A. (Pty) Ltd.	Subsidiary	Germiston	South Africa	Electronics Wholesale
LG Electronics Benelux Sales BV	Subsidiary	Amstelveen	Netherlands	Electronics Wholesale
LG CNS Co Ltd	Subsidiary	Seoul	Korea, Republic of	Computer System Design Services	2,076.2	10,000
LG N-Sys, Inc.	Subsidiary	Seoul	Korea, Republic of	Computer, Office Equipment and Software Merchant Wholesalers	622.7	715
V-ENS Co. Ltd	Subsidiary	Incheon	Korea, Republic of	Architecture and Engineering	560.0	550
LG CNS MIDDLE EAST	Subsidiary	Dubai	United Arab Emirates	Consulting Services		300
Bne Partners Inc.	Subsidiary	Seoul, Seoul	Korea, Republic of	Computer Programming		208
LG CNS India Pvt., Ltd.	Subsidiary	Bengaluru	India	Computer System Design Services		150
Korea Eleccom Co., Ltd.	Subsidiary	Yongin-Gun	Korea, Republic of	Electromedical and Control Instruments Manufacturing		53
Entrue Brasil Servicos de T.I. Ltda.	Subsidiary	Sao Paulo	Brazil	Computer System Design Services		40
LG CNS Europe B.V.	Subsidiary	Almere	Netherlands	Electronics Wholesale	24.0	39
Lg Cns UK Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services	0.3	1
LG CNS China Co., Ltd.	Subsidiary	Beijing	China	Electrical Equipment and Appliances Manufacturing
Ucess Partners Co., Ltd.	Subsidiary	Seoul	Korea, Republic of	Miscellaneous Professional Services
Pt. LG CNS Indonesia	Subsidiary	Jakarta	Indonesia	Electrical Equipment and Appliances Manufacturing
LG CNS Japan Co., Ltd.	Subsidiary	Tokyo	Japan	Electrical Equipment and Appliances Manufacturing
LG N-Sys China Inc.	Subsidiary	Beijing	China	Computer System Design Services
LG CNS India U.K.	Subsidiary	London	United Kingdom	Electrical Equipment and Appliances Manufacturing
LG Household & Health Care	Affiliates	Seoul	Korea, Republic of	Miscellaneous Chemical Manufacturing	3,457.6	3,681
Coca-Cola Beverage Company	Subsidiary	Yangsan-si, Gyeongsangnam-do	Korea, Republic of	Beverage Manufacturing	755.2	2,120
The Faceshop Co., Ltd.	Subsidiary	Seoul	Korea, Republic of	Miscellaneous Chemical Manufacturing	248.8	300
Tfs Singapore Private Limited	Subsidiary	Singapore	Singapore	Health and Personal Care Wholesale		37
LG Household & Health Care America Inc.	Subsidiary	Cerritos, CA	United States	Health and Personal Care Wholesale		12
Future Co., Ltd.	Subsidiary	Chonan, Chungchongnam-Do	Korea, Republic of	Nonclassifiable Establishments	0.8	8
Everlife Agency Co.,Ltd.	Subsidiary	Fukuoka, Fukuoka	Japan	Advertising Services	52.4	4
Haitai Beverage Co., Ltd.	Subsidiary	Seoul, Seoul	Korea, Republic of	Beverage Manufacturing	214.2
Hangzhou Lg Cosmetics Co., Ltd.	Subsidiary	Hangzhou, Zhejiang	China	Miscellaneous Chemical Manufacturing	7.1
Diamond Pure Water Co., Ltd.	Subsidiary	Seoul, Seoul	Korea, Republic of	Beverage Manufacturing
LG Household & Health Care (Taiwan), Ltd.	Subsidiary	Taipei	Taiwan	Miscellaneous Chemical Manufacturing
LG Household & Health Care Trading (Shanghai) Co., Ltd	Subsidiary	Shanghai	China	Electronics Wholesale
Serveone Co Ltd	Subsidiary	Seoul	Korea, Republic of	Computer System Design Services	3,438.8	2,763
Serveone (Nanjing) Co., Ltd.	Subsidiary	Nanjing, Jiangsu	China	Miscellaneous Professional Services
SERVEONE Co.	Subsidiary	Seoul, Yeongdeungpo-gu	Korea, Republic of	Residential and Commercial Building Construction		2,000
Serveone Construction (NanJing) Co., Ltd	Subsidiary	Nanjing	China	Architecture and Engineering
LG Life Sciences, Ltd	Affiliates	Seoul	Korea, Republic of	Pharmaceutical Manufacturing	360.3	1,444
Lg Life Sciences Uk Ltd.	Subsidiary	London	United Kingdom	Pharmaceutical Manufacturing
LG Life Sciences India Pvt., Ltd.	Subsidiary	New Delhi	India	Research and Development Services
LG Life Sciences Poland SP. z. o. o	Subsidiary	Warsaw	Poland	Pharmaceutical Manufacturing
LG Life Sciences (Beijing) Co, Ltd.	Subsidiary	Beijing	China	Pharmaceutical Manufacturing
Lusem Co., Ltd.	Subsidiary	Kumi, Kyongsangbuk-Do	Korea, Republic of	Semiconductor and Other Electronic Component Manufacturing	343.1	827
LG International Corp	Subsidiary	Seoul	Korea, Republic of	Electronics Wholesale	11,353.6	659
Lg International Corporation. Dubai Office	Subsidiary	Deira	United Arab Emirates	Electronics Wholesale		1,360
Pixdix Co., Ltd.	Subsidiary	Seoul, Seoul	Korea, Republic of	Professional and Commercial Equipment Wholesale	101.7	116
Korea Commercial Vehicle Co., Ltd.	Subsidiary	Kwangju, Kwangju	Korea, Republic of	Motor Vehicle Wholesale		45
LG International (America), Inc.	Subsidiary	Cerritos, CA	United States	Electronics Wholesale		40
LG International Corp.	Branch	Sydney, NSW	Australia	Architecture and Engineering		4
Lg International (America) Inc.	Branch	Ciudad De Buenos Aires	Argentina	Electronics Wholesale		2
LG International Corp.	Branch	Tehran	Iran	Architecture and Engineering
LG International Corp.	Branch	Santiago	Chile	Industrial Machinery Repair and Maintenance
Lg International (S'Pore) Pte., Ltd	Subsidiary	Singapore	Singapore	Electronics Wholesale	1,035.6	34
Twinwine Corp.	Subsidiary	Seoul, Seoul	Korea, Republic of	Alcoholic Beverage Wholesale	4.5	22
LG International (Deutschland) GmbH	Subsidiary	Frankfurt Am Main, Hessen	Germany	Machinery Wholesale	525.0	10
Lg International Corp. Bangkok Office	Subsidiary	Bangkok, Bangkok	Thailand	Miscellaneous Professional Services		10
LG International Corp. Ho Chi Minh City Office	Subsidiary	Ho Chi Minh City	Viet Nam	Audio and Video Equipment Manufacturing		6
Lg International Corp.	Branch	Pasig	Philippines	Electronics Wholesale		6
Lg International (Hk) Limited	Subsidiary	Quarry Bay, Hong Kong	Hong Kong	Electronics Wholesale	2,100.0
Lg International (Hk) Limited Taipei Branch.	Subsidiary	Taipei City, Taipei	Taiwan	Metals and Minerals Wholesale		8
Lg International Saudi Llc	Subsidiary	Jeddah	Saudi Arabia	Nonclassifiable Establishments
Lg International Corporation, Amman Office	Subsidiary	Amman	Jordan	Electronics Wholesale
LG International Japan Ltd.	Subsidiary	Osaka	Japan	Electrical Equipment and Appliances Manufacturing
LG International DO Brazil Ltda	Subsidiary	Sao Paulo	Brazil	Electrical Equipment and Appliances Manufacturing
LG International (China) Corp.	Subsidiary	Shanghai	China	Electrical Equipment and Appliances Manufacturing
Lg International (Australia) Pty Limited	Subsidiary
LUSEM Co Ltd	Subsidiary	Gumi-si, Gyeongsangbuk-do	Korea, Republic of	Electrical Equipment and Appliances Manufacturing	304.4	577
LG Soft India Private Limited	Subsidiary	Bengaluru	India	Computer Programming		500
LG Chem Michigan Inc.	Subsidiary	Holland, MI	United States	Miscellaneous Chemical Manufacturing		200
LG Electronics Argentina S.A.	Subsidiary	Buenos Aires, Puerto Madero	Argentina	Consulting Services	144.5	180
LG Economic Research Institute	Subsidiary	Seoul	Korea, Republic of	Consulting Services		107
LG Chem (Taiwan), Ltd.	Subsidiary	Taipei	Taiwan	Electrical Equipment and Appliances Manufacturing		100
LG Sports	Subsidiary	Seoul	Korea, Republic of	Miscellaneous Professional Services		50
Lg Management Development Institute Co., Ltd.	Subsidiary	Seoul, Seoul	Korea, Republic of	Consulting Services	31.1
LG Innotek Huizhou Inc.	Subsidiary	Huizhou, Guangdong	China	Semiconductor and Other Electronic Component Manufacturing
LG Electronics Mexico S.A. DE C.V	Subsidiary	Tlalnepantla	Mexico	Electronics Wholesale
LG Innotek Yantai Co., Ltd.	Subsidiary	Yantai, Shandong	China	Semiconductor and Other Electronic Component Manufacturing
LG Alina Electronics	Subsidiary	Moscow	Russian Federation	Electrical Equipment and Appliances Manufacturing
Pixdix Co., Ltd.	Subsidiary	Seoul	Korea, Republic of	Electrical Equipment and Appliances Manufacturing
HILOGITICS EUROPE B.V.	Subsidiary	Oosterhout	Netherlands	Consulting Services
LG Chem China Investment Co., Ltd.	Subsidiary	Shenzhen	China	Investment Services
Tianjin LG New Building Materials Co., Ltd.	Subsidiary	Tianjin	China	Petroleum Product Manufacturing
Kunshan LGMSK Computer Co., Ltd.	Subsidiary	Kunshan, Jiangsu	China	Electrical Equipment and Appliances Manufacturing
LG Chem Brasil, Ltd.	Subsidiary	Sao Paulo	Brazil	Miscellaneous Chemical Manufacturing
LG Chemical (Guangzhou) Engineering Plastics Co., Ltd.	Subsidiary	Guangzhou	China	Rubber and Plastic Product Manufacturing
LG SILTRON - France	Subsidiary	Paris	France	Semiconductor and Other Electronic Component Manufacturing
LG Chemical India Private Ltd.	Subsidiary	Gurgaon, Haryana	India	Miscellaneous Chemical Manufacturing
LG Electronics European Shared Service Center B.V.	Subsidiary	Almere	Netherlands	Electrical Equipment and Appliances Manufacturing

Competitors Report

CompanyName	Location	Employees	Ownership
General Mills, Inc.	Minneapolis, Minnesota, United States	41,000	Public
PIGEON CORPORATION	Chuo-Ku, Japan	3,304	Public
Reckitt Benckiser Group Plc	Slough, United Kingdom	35,900	Public
Unilever plc	London, United Kingdom	172,000	Public

Executives Report

Board of Directors

Name	Title	Function
Suk Y. Cha	Chairman of the Board, Chief Executive Officer	Chairman
Biography: Suk Y. Cha is Chairman of the Board and Chief Executive Officer of LG Household & Health Care Ltd. Currently, Cha is also serving as Chief Executive Officer at Coca-Cola Beverage and TheFaceShop, as well as Director of HAITAI BEVERAGE CO.,LTD. Previously, Cha served as President of the Company, Chief Executive Officer of Haitai Confectionery and Foods Co., Ltd and President of Procter & Gamble Korea. Cha also spent 15 years with The Procter & Gamble Company (P&G), where Cha served in numerous vertical and horizontal leadership positions. Cha received a Bachelor's degree in Accounting from State University of New York (SUNY) at Binghamton, the United States, and a Master's degree in Marketing and Finance from Cornell University, the United States. Cha also attended Indiana University Law School, the United States, and received an Advanced Management Program at Seoul National University, Korea. Age: 59 Education: Cornell University, M State University of New York, B (Accounting)
Sang Rin Han	Non-Executive Independent Director	Director/Board Member
Biography: Han Sang Rin has been Non-Executive Independent Director of LG Household & Health Care Ltd since March 15, 2013. Han is also a professor in Hanyang University, Korea. Han holds a Doctorate's degree in Business Administration from Pennsylvania State University, the United States. Age: 53 Education: Pennsylvania State University, PHD (Business Administration)
Sung Tae Hong	Board Member	Director/Board Member
Yi Seok Hwang	Non-Executive Independent Director	Director/Board Member
Biography: Hwang Yi Seok has been Non-Executive Independent Director of LG Household & Health Care Ltd since March 15, 2013. Hwang is also a professor in Seoul National University, Korea. Hwang used to be Independent Director in Pulmuone Holdings Co., Ltd. Hwang holds a Doctorate's degree in Business Administration from New York University, the United States. Age: 52 Education: New York University, PHD (Business Administration) Yonsei University, M (Business Administration) Yonsei University, B (Business Administration)
Woon Oh Jung	Non-Executive Independent Director	Director/Board Member
Biography: Woon Oh Jung has been Non-Executive Independent Director of LG Household & Health Care Ltd since 2011. Currently, Jung is also serving as Professor at Department of Business Administration in Seoul National University. Jung received a Doctorate's degree in Business Administration from University of California, Los Angeles (UCLA), the United States. Age: 58 Education: University of California, Los Angeles, DS (Business Administration)
Keon Oh Kim	Chief Financial Officer, Vice President, Director	Director/Board Member
Biography: Mr. Keon Oh Kim has been Chief Financial Officer and Vice President of LG Household & Health Care Ltd since 2011. Previously, Mr. Kim served as Assistant Managing Director at LG Electronics. He received a Master's degree in Technology Management from State of University of New York (SUNY), the United States. Age: 54 Education: University of New York, M
Joo-Hyung Kim	Director	Director/Board Member
Biography: Joo-Hyung Kim has been Director of LG Household & Health Care Ltd. since December 31, 2006. Kim holds a Bachelor's degree in Economics from Seoul National University, Korea, and a Doctorate's degree in Economics from University of Wisconsin, the United States. Age: 57 Education: University of Wisconsin, PHD (Economics) Seoul National University, B (Economics)
Young Hye Lee	Board Member	Director/Board Member
Yong Seok Yoon	Non-Executive Independent Director	Director/Board Member
Biography: Yong Suk Yoon has been Non-Executive Independent Director of LG Household & Health Care Ltd since 2011. Currently, Yoon is a lawyer. Yoon received a Master's degree in Law (LL.M) from Washington State University, the United States. Age: 58 Education: University of Washington, M (Law)
Yong-Suk Yoon	Board Member	Director/Board Member

Executives

Name	Title	Function
Suk Y. Cha	Chairman of the Board, Chief Executive Officer	Chief Executive Officer
Biography: Suk Y. Cha is Chairman of the Board and Chief Executive Officer of LG Household & Health Care Ltd. Currently, Cha is also serving as Chief Executive Officer at Coca-Cola Beverage and TheFaceShop, as well as Director of HAITAI BEVERAGE CO.,LTD. Previously, Cha served as President of the Company, Chief Executive Officer of Haitai Confectionery and Foods Co., Ltd and President of Procter & Gamble Korea. Cha also spent 15 years with The Procter & Gamble Company (P&G), where Cha served in numerous vertical and horizontal leadership positions. Cha received a Bachelor's degree in Accounting from State University of New York (SUNY) at Binghamton, the United States, and a Master's degree in Marketing and Finance from Cornell University, the United States. Cha also attended Indiana University Law School, the United States, and received an Advanced Management Program at Seoul National University, Korea. Age: 59 Education: Cornell University, M State University of New York, B (Accounting)
Sang Wu Ban	Assistant Managing Director	Managing Director
Age: 52 Education: Sungkyunkwan University, B (German)
Hyeok Gyeong Gwon	Assistant Managing Director	Managing Director
Education: Kyungpook National University, B (Business Administration)
Seung Hwa Jeong	Assistant Managing Director	Managing Director
Biography: Seung Hwa Jeong has been Assistant Managing Director of LG Household & Health Care Ltd. Jeong was Vice President in the Company. Jeong received a Bachelor's degree in Business Administration from Kookmin University, Korea. Age: 54 Education: Kookmin University, B (Business Administration)
Byeong Yeol Kim	Assistant Managing Director	Managing Director
Age: 44 Education: Kyungpook National University, B (Business Administration)
Chul-Ha Kim	Assistant Managing Director	Managing Director
Biography: Chul-Ha Kim has been Assistant Managing Director of LG Household & Health Care Ltd. Kim was Vice President in the Company. Kim received a Bachelor's degree in Chemical Engineering from Dongguk University, Korea. Age: 54 Education: Dongguk University, B (Chemical Engineering)
Chun Gu Kim	Managing Director	Managing Director
Biography: Chun Gu Kim has been Managing Director of LG Household & Health Care Ltd. Currently, Kim is also serving as Head of Cosmetics Business Division at the Company. Previously, Kim served as Head of Household Goods Business Division and Senior Vice President of the Company. Kim received a Bachelor's degree in Chemical Engineering from Ajou University, Korea. Age: 53 Education: Ajou University, B (Chemical Engineering)
Se Hun Lee	Assistant Managing Director	Managing Director
Age: 50 Education: Cornell University, B (Business Administration)
Yil Gap Lee	Assistant Managing Director	Managing Director
Age: 52 Education: Kookmin University, B (Public Administration)
Jae Myeong Lee	Assistant Managing Director	Managing Director
Biography: Jae Myeong Lee has been Assistant Managing Director of LG Household & Health Care Ltd. Lee was Vice President in the Company. Lee received a Bachelor's degree in Accounting from Pusan National University, Korea. Age: 48 Education: Pusan National University, B (Accounting)
Jin Soo Lee	Assistant Managing Director	Managing Director
Biography: Jin Soo Lee has been Assistant Managing Director of LG Household & Health Care Ltd since 2010. Lee received a Bachelor's degree in Chemical Engineering from Yonsei University, Korea. Age: 49 Education: Yonsei University, B (Chemical Engineering)
Heung Ki Lee	Assistant Managing Director	Managing Director
Biography: Heung Ki Lee has been Assistant Managing Director of LG Household & Health Care Ltd. Lee was Vice President in the Company. Lee received a Bachelor of Law from Yonsei University, Korea. Age: 49 Education: Yonsei University, LLB
Jung Ae Lee	Managing Director	Managing Director
Biography: Jung Ae Lee has been Managing Director of LG Household & Health Care Ltd. Currently, Lee is also serving as Head of Household Goods Business Division at the Company. Lee was Vice President in the Company. received a Bachelor's degree in Economics from Ewha Womans University, Korea. Age: 49 Education: Ewha Womans University, B (Economics)
Sang Min Lee	Assistant Managing Director	Managing Director
Age: 47 Education: Chung-Ang University, B (Chemistry)
Cheon Koo Lee	Chief Technology Officer, Managing Director	Managing Director
Biography: Cheon Koo Lee has been Chief Technology Officer and Managing Director of LG Household & Health Care Ltd. Currently, Lee is also serving as Head of R&D Center (CTO)in the Company. Previously, Lee served as Head of Cosmetics Business Division. Lee received a Doctorate's degree in Pharmacy from Kyushu University, Japan. Age: 53 Education: Kyusyu University, PHD (Pharmacy)
Seong Joo Lim	Assistant Managing Director	Managing Director
Biography: Seong Joo (Sam) Lim has been Assistant Managing Director of LG Household & Health Care Ltd. Lim was Vice President of the Company. Lim received a Master of Business Administration (MBA) from New York University (NYU), the United States. Age: 48 Education: New York University, MBA
Yoo Jeong Na	Assistant Managing Director	Managing Director
Biography: Yoo Jeong Na has been Assistant Managing Director of LG Household & Health Care Ltd. Na was Vice President in the Company. Na received a Bachelor's degree in French Language and Literature from Korea University, Korea, and a Bachelor's degree in Business Administration from University of Helsinki, the Republic of Finland. Age: 47 Education: Korea University, B University of Helsinki, B (Business Administration)
Sang Pum Rhee	Assistant Managing Director	Managing Director
Biography: Sang Pum Rhee has been Assistant Managing Director of LG Household & Health Care Ltd. Rhee was Vice President in the Company. Rhee received a Bachelor's degree in Chemical Engineering from Hongik University, Korea. Age: 54 Education: Hongik University, B (Chemical Engineering)
Sang Sik Roh	Assistant Managing Director	Managing Director
Biography: Sang Sik Roh has been Assistant Managing Director of LG Household & Health Care Ltd. Roh received a Bachelor's degree in Horticulture from Seoul National University, Korea. Age: 52 Education: Seoul National University, B (Horticulture)
Jae Min Ryu	Assistant Managing Director	Managing Director
Biography: Jae Min Ryu has been Assistant Managing Director of LG Household & Health Care Ltd. Ryu was Vice President in the Company. Ryu received a Bachelor's degree in Mechanical Engineering from Chungbuk National University, Korea. Age: 50 Education: Chungbuk National University, B (Mechanical Engineering)
Keon Oh Kim	Chief Financial Officer, Vice President, Director	Finance Executive
Biography: Mr. Keon Oh Kim has been Chief Financial Officer and Vice President of LG Household & Health Care Ltd since 2011. Previously, Mr. Kim served as Assistant Managing Director at LG Electronics. He received a Master's degree in Technology Management from State of University of New York (SUNY), the United States. Age: 54 Education: University of New York, M
Heung Sik Kim	Chief Human Resource Officer, Assistant Managing Director	Human Resources Executive
Biography: Heung Sik Kim has been Chief Human Resource Officer and Assistant Managing Director of LG Household & Health Care Ltd. Kim received a Master of Business Administration (MBA) from University of Washington, the United States. Age: 48 Education: University of Washington, MBA
Cheon Koo Lee	Chief Technology Officer	Engineering/Technical Executive
Leeseok Hwang	Director	Other

Significant Developments

LG Household & Health Care Co., Ltd. Announces Changes in Shareholding Structure

Jul 03, 2013

LG Household & Health Care Co., Ltd. announced that T. Rowe Price Hong Kong Limited and 43 related parties have purchased 781,591 shares of the Company, representing a 5.00% stake.

LG Household & Health Care Co., Ltd. Issues FY 2013 Outlook Below Analysts' Estimates

Jan 22, 2013

LG Household & Health Care Co., Ltd. announced that it expects its fiscal year 2013 revenue and operating profit to record KRW 4,550 billion and KRW 535 billion, respectively. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenue of KRW 3,961.95 billion for the fiscal year 2013.

LG Household & Health Care Co., Ltd. Declares Annual Cash Dividend for FY 2012

Jan 22, 2013

LG Household & Health Care Co., Ltd. announced that its Board of Directors has declared an annual cash dividend of KRW 3,750 per share of common stock and KRW 3,800 per share of preferred stock for the fiscal year 2012 to shareholders of record on December 31, 2012. The dividend rates of market prices are 0.6% (common shares) and 2.1% (preferred shares), respectively. The total cash dividend amount is KRW 62,939,996,750.

LG Household & Health Care Co., Ltd. to Acquire Everlife Co.,Ltd.

Dec 17, 2012

LG Household & Health Care Co., Ltd. announced that it will acquire 165,485 shares or 100% of Everlife Co.,Ltd., a Japan-based company, which mainly engaged in inner beauty business, for KRW 329,447,940,000, to promote cosmetics business in Japan. The expected transaction settlement date is January 25, 2013.

LG Household & Health Care Co., Ltd. to Acquire Korea-based Company

Oct 24, 2012

LG Household & Health Care Co., Ltd. announced that it will acquire 4,342,114 shares or 100% of a Korea-based company, which is mainly engaged in the real estimate investments, for KRW 49,250 million, to secure space for its growth in future. The expected transaction settlement date is December 24, 2012.

Annual Income Statement

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2012	Reclassified Normal 31-Dec-2012	Updated Normal 31-Dec-2010	Restated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2009
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1126.848795	1107.891393	1156.281981	1276.385219	1100.562842
Auditor	KPMG LLP	KPMG LLP	KPMG Peat Marwick LLP	KPMG Peat Marwick LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified
Net Sales	3,437.2	3,106.0	2,444.5	1,736.5	1,764.8
Revenue	3,437.2	3,106.0	2,444.5	1,736.5	1,764.8
Other Revenue	20.5	13.5	-	-	23.1
Other Revenue, Total	20.5	13.5	-	-	23.1
Total Revenue	3,457.6	3,119.5	2,444.5	1,736.5	1,787.9
Cost of Revenue	1,689.0	1,567.2	1,153.5	851.9	833.9
Cost of Revenue, Total	1,689.0	1,567.2	1,153.5	851.9	833.9
Gross Profit	1,748.2	1,538.8	1,291.0	884.6	931.0
Selling/General/Administrative Expense	713.0	637.4	518.5	335.7	390.8
Labor & Related Expense	345.1	314.1	259.9	191.4	209.9
Advertising Expense	241.7	205.6	175.7	127.2	141.7
Total Selling/General/Administrative Expenses	1,299.9	1,157.2	954.1	654.3	742.3
Research & Development	9.5	7.4	7.1	4.9	0.5
Depreciation	57.1	49.2	40.7	32.3	32.5
Amortization of Intangibles	7.3	5.6	5.8	3.4	12.8
Depreciation/Amortization	64.4	54.8	46.6	35.7	45.3
Investment Income - Operating	-	-	0.6	1.1	-
Interest/Investment Income - Operating	-	-	0.6	1.1	-
Interest Expense (Income) - Net Operating Total	-	-	0.6	1.1	-
Impairment-Assets Held for Use	-	-	1.7	-	-
Loss (Gain) on Sale of Assets - Operating	-	-	-1.5	0.8	-
Unusual Expense (Income)	-	-	0.2	0.8	-
Other Operating Expense	-	-	2.6	10.7	-
Other, Net	-0.4	-1.1	-20.1	-1.7	-
Other Operating Expenses, Total	-0.4	-1.1	-17.5	9.1	-
Total Operating Expense	3,062.2	2,785.4	2,144.5	1,557.8	1,621.9
Operating Income	395.4	334.1	299.9	178.7	166.0
Interest Expense - Non-Operating	-29.3	-26.9	-25.7	-13.6	-21.6
Interest Expense, Net Non-Operating	-29.3	-26.9	-25.7	-13.6	-21.6
Interest Income - Non-Operating	3.0	1.8	1.3	0.8	2.5
Investment Income - Non-Operating	14.2	2.9	4.2	2.8	2.7
Interest/Investment Income - Non-Operating	17.2	4.7	5.5	3.6	5.2
Interest Income (Expense) - Net Non-Operating	0.0	0.0	-	-	-
Interest Income (Expense) - Net Non-Operating Total	-12.0	-22.1	-20.3	-10.0	-16.4
Gain (Loss) on Sale of Assets	1.2	7.8	-	-	-0.3
Other Non-Operating Income (Expense)	-2.7	16.0	-4.1	-2.0	-1.7
Other, Net	-2.7	16.0	-4.1	-2.0	-1.7
Income Before Tax	381.9	335.9	275.5	166.7	147.5
Total Income Tax	105.0	90.8	70.6	43.0	35.5
Income After Tax	276.9	245.1	204.9	123.8	112.0
Minority Interest	-7.1	-6.1	-5.5	-3.6	-3.6
Net Income Before Extraord Items	269.7	238.9	199.4	120.2	108.4
Net Income	269.7	238.9	199.4	120.2	108.4
Preferred Dividends	-33.9	-30.1	-25.2	-15.2	-3.9
Total Adjustments to Net Income	-33.9	-30.1	-25.2	-15.2	-3.9
Income Available to Common Excl Extraord Items	235.8	208.9	174.2	105.0	104.5
Income Available to Common Incl Extraord Items	235.8	208.9	174.2	105.0	104.5
Basic/Primary Weighted Average Shares	14.7	14.7	14.7	14.7	14.7
Basic EPS Excl Extraord Items	16.09	14.25	11.89	7.16	7.13
Basic/Primary EPS Incl Extraord Items	16.09	14.25	11.89	7.16	7.13
Dilution Adjustment	0.0	0.0	-	-	0.0
Diluted Net Income	235.8	208.9	174.2	105.0	104.5
Diluted Weighted Average Shares	14.7	14.7	14.7	14.7	14.7
Diluted EPS Excl Extraord Items	16.09	14.25	11.89	7.16	7.13
Diluted EPS Incl Extraord Items	16.09	14.25	11.89	7.16	7.13
Dividends per Share - Common Stock Primary Issue	3.33	3.16	2.16	1.96	1.82
Gross Dividends - Common Stock	48.8	46.3	31.7	28.7	26.6
Interest Expense, Supplemental	29.3	26.9	25.7	13.6	21.6
Depreciation, Supplemental	88.7	78.0	63.1	52.6	57.4
Total Special Items	-1.2	-7.8	0.2	0.8	1.2
Normalized Income Before Tax	380.6	328.0	275.7	167.5	148.7
Effect of Special Items on Income Taxes	-0.3	-2.1	0.0	0.2	0.1
Inc Tax Ex Impact of Sp Items	104.6	88.7	70.7	43.2	35.6
Normalized Income After Tax	276.0	239.4	205.1	124.4	113.1
Normalized Inc. Avail to Com.	234.9	203.2	174.4	105.6	105.6
Basic Normalized EPS	16.02	13.86	11.90	7.20	7.21
Diluted Normalized EPS	16.02	13.86	11.90	7.20	7.21
Amort of Acquisition Costs, Supplemental	-	-	0.0	0.0	0.9
Amort of Intangibles, Supplemental	7.4	5.7	5.9	3.4	12.0
Rental Expenses	36.0	30.9	27.2	17.3	18.8
Advertising Expense, Supplemental	241.7	205.6	175.7	127.2	141.7
Research & Development Exp, Supplemental	15.1	14.3	11.9	4.9	0.5
Normalized EBIT	395.4	334.1	300.7	180.6	166.0
Normalized EBITDA	491.5	417.8	369.8	236.6	236.3

Annual Balance Sheet

Financials in: USD (mil)

Financial Glossary

	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
UpdateType/Date	Updated Normal 31-Dec-2012	Updated Normal 31-Dec-2011	Updated Normal 31-Dec-2010	Restated Normal 31-Dec-2010	Updated Normal 31-Dec-2008
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate	1066.400024	1152	1134.9	1164.475	1259.55
Auditor	KPMG LLP	KPMG LLP	KPMG Peat Marwick LLP	KPMG Peat Marwick LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified
Cash & Equivalents	61.1	79.7	39.1	29.3	30.0
Cash and Short Term Investments	61.1	79.7	39.1	29.3	30.0
Accounts Receivable - Trade, Gross	353.0	288.6	238.3	194.0	162.6
Provision for Doubtful Accounts	-5.8	-4.9	-4.2	-4.5	-2.1
Trade Accounts Receivable - Net	347.4	283.7	234.1	189.5	160.5
Other Receivables	15.1	18.6	16.6	11.4	17.7
Total Receivables, Net	362.5	302.4	250.6	200.9	178.3
Inventories - Finished Goods	194.6	174.4	136.2	87.5	80.2
Inventories - Work In Progress	16.6	13.7	12.3	10.1	9.0
Inventories - Raw Materials	54.2	47.1	35.2	29.9	30.4
Inventories - Other	33.8	36.3	22.9	11.3	11.1
Total Inventory	299.2	271.5	206.7	138.8	130.8
Prepaid Expenses	8.2	8.5	10.8	6.8	8.6
Deferred Income Tax - Current Asset	-	-	-	-	7.1
Other Current Assets	11.6	3.3	3.0	0.3	0.5
Other Current Assets, Total	11.6	3.3	3.0	0.3	7.6
Total Current Assets	742.6	665.4	510.2	376.1	355.3
Buildings	354.8	286.4	221.4	181.3	167.3
Land/Improvements	404.2	280.4	190.3	148.3	168.9
Machinery/Equipment	949.9	797.3	673.6	589.0	476.6
Construction in Progress	7.9	19.8	14.5	28.6	5.4
Other Property/Plant/Equipment	0.0	0.0	0.0	0.0	-
Property/Plant/Equipment - Gross	1,716.8	1,383.9	1,099.8	947.2	818.2
Accumulated Depreciation	-796.1	-681.1	-583.0	-518.3	-406.6
Property/Plant/Equipment - Net	920.7	702.8	516.9	428.9	411.6
Goodwill, Net	333.8	240.0	243.6	24.7	22.7
Intangibles, Net	454.5	336.1	341.8	169.5	145.0
LT Investment - Affiliate Companies	32.7	24.6	19.9	15.9	12.7
LT Investments - Other	24.0	21.5	23.4	50.8	5.3
Long Term Investments	56.6	46.1	43.3	66.7	18.1
Note Receivable - Long Term	1.8	3.3	3.3	3.2	1.6
Deferred Income Tax - Long Term Asset	0.8	0.6	0.5	1.7	-
Other Long Term Assets	81.3	62.0	54.2	44.4	43.9
Other Long Term Assets, Total	82.1	62.6	54.8	46.2	43.9
Total Assets	2,592.0	2,056.3	1,713.8	1,115.3	998.2
Accounts Payable	157.3	200.2	284.6	214.6	94.0
Accrued Expenses	75.3	74.9	60.4	44.2	28.8
Notes Payable/Short Term Debt	108.6	115.4	136.8	61.2	107.7
Current Portion - Long Term Debt/Capital Leases	281.3	43.5	0.3	103.2	63.4
Dividends Payable	0.0	0.0	0.0	0.0	-
Customer Advances	16.5	15.0	14.6	18.4	2.6
Security Deposits	0.1	-	-	-	-
Income Taxes Payable	49.5	36.2	35.0	11.5	35.0
Other Payables	168.9	130.9	-	-	69.7
Other Current Liabilities	24.0	18.3	12.3	10.5	20.2
Other Current liabilities, Total	258.9	200.4	62.0	40.4	127.5
Total Current Liabilities	881.3	634.4	544.1	463.7	421.3
Long Term Debt	292.3	331.4	307.7	43.9	95.8
Capital Lease Obligations	0.0	-	-	-	-
Total Long Term Debt	292.4	331.4	307.7	43.9	95.8
Total Debt	682.2	490.2	444.8	208.4	266.9
Deferred Income Tax - LT Liability	142.4	87.4	52.8	3.7	24.5
Deferred Income Tax	142.4	87.4	52.8	3.7	24.5
Minority Interest	65.7	54.8	49.8	43.8	33.7
Reserves	24.5	-	-	-	-
Pension Benefits - Underfunded	46.5	70.3	47.1	33.9	36.1
Other Long Term Liabilities	12.6	12.3	17.9	8.2	3.1
Other Liabilities, Total	83.5	82.6	65.0	42.1	39.2
Total Liabilities	1,465.3	1,190.5	1,019.4	597.2	614.5
Preferred Stock - Non Redeemable	9.8	9.1	9.3	9.0	8.3
Preferred Stock - Non Redeemable, Net	9.8	9.1	9.3	9.0	8.3
Common Stock	73.2	67.8	68.8	67.1	62.0
Common Stock	73.2	67.8	68.8	67.1	62.0
Additional Paid-In Capital	91.3	84.5	85.8	83.6	76.8
Retained Earnings (Accumulated Deficit)	1,050.7	767.2	595.1	421.7	287.7
Treasury Stock - Common	-66.5	-61.5	-62.5	-60.9	-56.3
Unrealized Gain (Loss)	-0.2	-0.2	-0.5	-0.6	-0.3
Translation Adjustment	-29.7	0.1	-0.6	-0.9	5.8
Other Equity	-1.9	-1.2	-0.9	-0.9	-0.4
Other Comprehensive Income	0.0	0.0	0.0	0.0	-
Other Equity, Total	-31.6	-1.1	-1.5	-1.8	5.4
Total Equity	1,126.7	865.8	694.5	518.1	383.7
Total Liabilities & Shareholders’ Equity	2,592.0	2,056.3	1,713.8	1,115.3	998.2
Shares Outstanding - Common Stock Primary Issue	14.7	14.7	14.7	14.7	14.7
Total Common Shares Outstanding	14.7	14.7	14.7	14.7	14.7
Treasury Shares - Common Stock Primary Issue	1.0	1.0	1.0	1.0	1.0
Shares Outstanding - Preferred Stock Primary Issue	2.1	2.1	2.1	2.1	2.1
Total Preferred Stock Outstanding	2.1	2.1	2.1	2.1	2.1
Treasury Shares - Preferred Primary Issue	0.0	0.0	0.0	0.0	0.0
Employees	-	3,372	3,131	2,893	2,745
Number of Common Shareholders	-	-	9,999	8,535	7,988
Deferred Revenue - Current	16.5	15.0	3.6	2.7	2.6
Total Long Term Debt, Supplemental	0.6	375.5	308.8	147.4	159.6
Long Term Debt Maturing within 1 Year	0.3	43.6	0.3	103.4	63.5
Long Term Debt Maturing in Year 2	0.1	260.4	44.2	22.0	95.7
Long Term Debt Maturing in Year 3	0.2	71.6	264.3	22.0	0.3
Long Term Debt Maturing in Year 4	-	-	-	-	0.1
Long Term Debt Maturing in 2-3 Years	0.3	332.0	308.5	44.1	96.0
Long Term Debt Maturing in 4-5 Years	-	-	-	-	0.1
Long Term Debt Matur. in Year 6 & Beyond	0.0	0.0	0.0	0.0	0.0
Total Capital Leases, Supplemental	0.0	-	-	-	-
Capital Lease Payments Due in Year 1	0.0	-	-	-	-
Capital Lease Payments Due in Year 2	0.0	-	-	-	-
Capital Lease Payments Due in Year 3	0.0	-	-	-	-
Capital Lease Payments Due in Year 4	0.0	-	-	-	-
Capital Lease Payments Due in Year 5	0.0	-	-	-	-
Capital Lease Payments Due in 2-3 Years	0.0	-	-	-	-
Capital Lease Payments Due in 4-5 Years	0.0	-	-	-	-
Total Operating Leases, Supplemental	40.8	34.6	31.9	28.2	7.5
Operating Lease Payments Due in Year 1	32.0	27.2	23.5	22.0	3.7
Operating Lease Payments Due in Year 2	2.2	1.9	2.1	1.5	3.7
Operating Lease Payments Due in Year 3	2.2	1.9	2.1	1.5	-
Operating Lease Payments Due in Year 4	2.2	1.9	2.1	1.5	-
Operating Lease Payments Due in Year 5	2.2	1.9	2.1	1.5	-
Operating Lease Pymts. Due in 2-3 Years	4.4	3.7	4.2	3.1	3.7
Operating Lease Pymts. Due in 4-5 Years	4.4	3.7	4.2	3.1	-
Oper. Lse. Pymts. Due in Year 6 & Beyond	0.0	0.0	0.0	0.0	0.0

Annual Cash Flows

Financials in: USD (mil)

Financial Glossary

	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2012	Updated Normal 31-Dec-2011	Updated Normal 31-Dec-2010	Restated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2009
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1126.848795	1107.891393	1156.281981	1276.385219	1100.562842
Auditor	KPMG LLP	KPMG LLP	KPMG Peat Marwick LLP	KPMG Peat Marwick LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified
Net Income/Starting Line	276.9	245.1	204.9	123.8	112.0
Depreciation	88.9	78.2	63.1	52.6	57.4
Depreciation/Depletion	88.9	78.2	63.1	52.6	57.4
Amortization of Intangibles	7.4	5.7	5.9	3.4	12.9
Amortization	7.4	5.7	5.9	3.4	12.9
Deferred Taxes	-	-	-	-	-7.3
Unusual Items	-0.6	-6.1	0.5	2.2	-1.3
Equity in Net Earnings (Loss)	-4.4	-4.9	-4.2	-2.8	-1.0
Other Non-Cash Items	143.8	117.7	112.1	72.2	21.0
Non-Cash Items	138.9	106.7	108.4	71.6	18.7
Accounts Receivable	-20.9	-3.6	-32.6	-9.3	-29.3
Inventories	-6.2	-49.1	-48.9	1.7	-33.2
Prepaid Expenses	-	-	-	-	-13.7
Other Assets	-2.0	-1.7	1.3	-1.3	2.8
Accounts Payable	-97.2	-13.9	38.9	31.1	19.5
Accrued Expenses	-	-	-	-	10.1
Taxes Payable	-	-	-	-	15.6
Other Liabilities	-67.2	-20.7	-8.1	-12.0	-22.0
Other Operating Cash Flow	-107.4	-86.0	-56.7	-63.9	-
Changes in Working Capital	-300.9	-174.9	-106.1	-53.8	-50.2
Cash from Operating Activities	211.2	260.7	276.3	197.6	143.5
Purchase of Fixed Assets	-148.8	-139.6	-128.6	-86.3	-48.2
Purchase/Acquisition of Intangibles	-4.7	-3.2	-5.7	-1.1	-4.9
Capital Expenditures	-153.5	-142.8	-134.2	-87.4	-53.1
Acquisition of Business	-178.3	-	-351.1	-5.1	-
Sale of Business	0.0	2.1	-	-	-
Sale of Fixed Assets	2.9	15.7	4.2	1.7	21.1
Sale/Maturity of Investment	-	0.0	26.4	-	310.0
Purchase of Investments	-2.0	-	-	-	-309.6
Sale of Intangible Assets	0.0	4.5	1.8	0.0	0.0
Other Investing Cash Flow	2.8	-1.3	-4.6	-10.7	2.6
Other Investing Cash Flow Items, Total	-174.6	21.0	-323.2	-14.0	24.1
Cash from Investing Activities	-328.1	-121.8	-457.5	-101.4	-29.1
Other Financing Cash Flow	-3.7	0.5	0.5	-0.2	30.0
Financing Cash Flow Items	-3.7	0.5	0.5	-0.2	30.0
Total Cash Dividends Paid	-52.1	-40.3	-36.7	-26.7	-22.9
Repurchase/Retirement of Common	-	0.0	-	-	-
Common Stock, Net	-	0.0	-	-	-
Issuance (Retirement) of Stock, Net	-	0.0	-	-	-
Short Term Debt Issued	26.3	-	73.0	-	-
Short Term Debt Reduction	-42.7	-75.7	-	-51.3	-117.8
Short Term Debt, Net	-16.5	-75.7	73.0	-51.3	-117.8
Long Term Debt Issued	212.8	74.1	258.4	39.6	0.9
Long Term Debt Reduction	-46.9	-54.8	-105.1	-62.8	-
Long Term Debt, Net	165.9	19.3	153.3	-23.2	0.9
Issuance (Retirement) of Debt, Net	149.5	-56.4	226.3	-74.5	-116.9
Cash from Financing Activities	93.6	-96.3	190.1	-101.4	-109.8
Foreign Exchange Effects	-0.4	0.0	-0.1	-0.1	6.3
Net Change in Cash	-23.6	42.7	8.8	-5.2	10.9
Net Cash - Beginning Balance	81.4	40.1	29.6	32.0	23.5
Net Cash - Ending Balance	57.9	82.8	38.4	26.8	34.4
Cash Interest Paid	35.1	25.8	23.7	13.8	-
Cash Taxes Paid	75.0	61.6	34.9	51.2	-

Annual Income Statement

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2012	Reclassified Normal 31-Dec-2012	Updated Normal 31-Dec-2010	Restated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2009
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1126.848795	1107.891393	1156.281981	1276.385219	1100.562842
Auditor	KPMG LLP	KPMG LLP	KPMG Peat Marwick LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified
Finished Goods Revenues	2,397.1	2,314.4	-	-	1,430.7
Merchandise Sales	1,037.8	789.5	-	-	334.2
Other Revenue	20.4	13.5	-	-	23.1
Sales Revenue	-	-	2,444.5	1,736.5	-
Technology Income	0.6	0.7	-	-	-
Rental Revenue	1.6	1.5	-	-	-
Adj. for Revenues	0.0	0.0	-	-	-
Total Revenue	3,457.6	3,119.5	2,444.5	1,736.5	1,787.9
Costs of Goods & Services Sold	1,689.0	1,567.2	1,153.5	851.9	-
Cost of Finished Gd	-	-	-	-	660.5
Merchandise Cost	-	-	-	-	167.3
Cost of Other Sales	-	-	-	-	6.0
Salaries & Wages	271.6	248.0	204.9	150.2	166.3
Retirement Allowance	20.7	17.4	13.8	10.2	14.9
Employee Benefits	52.7	48.8	41.2	31.0	28.7
Commission Paid	449.0	400.2	369.5	229.3	212.1
Travel Expense	13.6	12.0	9.4	7.4	7.8
Utility Expense	7.4	6.8	4.7	3.4	3.6
Communication Expense	6.1	4.9	4.0	3.1	3.4
Rental Expense	36.0	30.9	27.2	17.3	18.8
Usage Fee	-	-	-	-	12.0
Insurance Expenses	2.9	2.7	2.2	2.3	2.7
Entertainment Expense	-	-	3.5	2.9	-
Sample Expense	10.8	9.6	13.6	5.7	44.3
Packaging Expense	-	-	-	-	3.7
Shipping & Handling Expense	77.3	68.8	49.7	34.2	39.9
Consumable Expense	7.2	6.6	4.1	2.9	3.1
Repair Expense	6.2	5.7	4.9	3.8	9.3
Vehicle Maintenance Expense	15.8	14.7	9.3	7.2	-
Publication Expense	3.2	3.0	2.9	2.3	2.2
Vehicles Maintenance Expense	-	-	-	-	9.0
Education & Training Expense	5.3	5.5	4.4	3.6	3.3
Research & Development Expense	-	-	-	-	5.3
Advertising Expense	241.7	205.6	175.7	127.2	141.7
Research Expense	0.9	0.7	0.6	0.3	0.5
Depreciation	57.1	49.2	40.7	32.3	32.5
Amort. of Intangibless	7.3	5.6	5.8	3.4	12.8
Development Costs	8.6	6.7	6.5	4.6	-
Expense of Allow. for DA	0.5	0.6	0.1	2.9	0.1
Taxes & Dues	9.7	11.2	2.9	2.5	5.5
Outsourcing Service Expense	52.6	43.1	-	-	-
Other Selling & Administrative Expense	9.5	10.9	6.1	4.9	4.7
Adj. for Selling & Administrative Exp.	0.0	0.0	0.0	0.0	-
Reversal of Allow. for DA	-0.4	-1.1	-0.7	-	-
Rental Income	-	-	-0.3	-0.2	-
Gain on Foreign Currency Transaction	-	-	-2.7	-3.1	-
Gain on Foreign Currency Translation	-	-	-0.3	-0.4	-
Gain on Disposal of PPT	-	-	-0.9	-0.9	-
Gain on Disposal of Intangibless	-	-	-1.8	-	-
Loss on Foreign Currency Transaction	-	-	3.3	3.4	-
Loss on Foreign Currency Translation	-	-	0.3	1.2	-
Loss on Disposal of PPT	-	-	0.9	1.5	-
Loss on Disposal of Intangibless	-	-	0.2	0.2	-
Other Operating Expense	-	-	2.6	10.7	-
Other Operating Income	-	-	-19.1	-1.4	-
Impmt Loss on Assets	-	-	1.7	-	-
Total Operating Expense	3,062.2	2,785.4	2,144.5	1,557.8	1,621.9
Interest Income	3.0	1.8	1.3	0.8	2.5
Dividend Income	0.0	0.0	0.0	0.0	0.0
Rental Income	-	-	-	-	0.4
Gain on Disposal of PPE	2.7	4.4	-	-	1.8
Gain on Disposal of Intangibless	-	4.3	-	-	0.0
Recovery-Invest. Sec. Reduction Loss	-	-	-	-	0.7
Recovery-Tangible Assets Reduction Loss	-	-	-	-	0.5
Gain-FC Transaction-Financing	0.0	-	-	-	-
Gain on FC Translation-Finance	12.4	-	-	-	-
Gain on FC Transaction-Other	1.4	2.6	-	-	-
Gain on FC Translation-Other	0.1	0.1	-	-	-
Gain/Loss on Bargain Purchase	-	19.0	-	-	-
Gain-Foreign Exchange Transaction	-	-	-	-	6.7
Gain-Foreign Currency Translation	-	-	-	-	1.1
Miscellaneous Non-Operating Income	12.8	4.1	-	-	3.0
Interest Expense	-29.3	-26.9	-25.7	-13.6	-21.6
L-Trade Receivable Disposal	-	-	-	-	-0.2
Loss-Disposal of F.A. Avail. for Sale	-	0.0	-	-	-
Loss on Disposal of PPE	-1.4	-0.7	-	-	-1.9
Loss on Disposal of Intangibless	-0.1	-0.2	-	-	0.0
L-Foreign Currency Translation	-	-	-	-	-4.4
Loss-Reduction of Intangible Assets	-	-	-	-	-0.1
Impmt Loss-Fincl Instrm Avail. for Sale	-0.6	-1.4	-	-	-
Loss-Foreign Currency Translation	-	-	-	-	-1.2
Loss on Disposal of Investment in Subisi	0.0	-	-	-	-
Impairment Loss on Assets	-	0.0	-	-	-
Loss-FC Transaction-Financing	-1.0	-	-	-	-
Loss-FC Translation, Financing	0.0	-	-	-	-
Loss on FC Translation-Other	-0.5	-0.2	-	-	-
Loss on FC Transaction-Other	-1.9	-3.2	-	-	-
Loss-Currency Forwards Transaction	-	-	-	-	0.0
Loss-Scrapping of inventory	-	-	-	-	-0.3
Other Allow. for DA	0.0	-0.1	-	-	-
Miscellaneous Non-Operating Expense	-	-	-	-	-2.0
Donations Paid	-11.7	-4.3	-	-	-1.7
Other Non-Operating Expense	-3.9	-2.7	-	-	-2.7
Gain/Loss under Equity Method	4.4	4.9	4.2	2.8	1.0
Other Non-Operating Income/Loss	-	-	-4.1	-2.0	-
Adjustment	-	-	0.0	0.0	-
Adj. for Finance Income	0.0	0.0	-	-	-
Adj. for Finance Expense	0.0	0.0	-	-	-
Adj for Other Non-Operating Income	0.0	0.0	-	-	-
Adj for Other Non-Operating Expense	0.0	0.0	-	-	-
Net Income Before Taxes	381.9	335.9	275.5	166.7	147.5
Prov. for Income Taxes	105.0	90.8	70.6	43.0	35.5
Net Income After Taxes	276.9	245.1	204.9	123.8	112.0
Minority Interest	-7.1	-6.1	-5.5	-3.6	-3.6
Net Income Before Extra. Items	269.7	238.9	199.4	120.2	108.4
Net Income	269.7	238.9	199.4	120.2	108.4
Preferred Dividends	-7.1	-6.7	-4.9	-4.2	-3.9
Participated Preferred Dividend	-26.8	-23.3	-20.3	-11.0	-
Income Available to Com Excl ExtraOrd	235.8	208.9	174.2	105.0	104.5
Income Available to Com Incl ExtraOrd	235.8	208.9	174.2	105.0	104.5
Basic Weighted Average Shares	14.7	14.7	14.7	14.7	14.7
Basic EPS Excluding ExtraOrdinary Items	16.09	14.25	11.89	7.16	7.13
Basic EPS Including ExtraOrdinary Items	16.09	14.25	11.89	7.16	7.13
Dilution Adjustment	0.0	0.0	-	-	0.0
Diluted Net Income	235.8	208.9	174.2	105.0	104.5
Diluted Weighted Average Shares	14.7	14.7	14.7	14.7	14.7
Diluted EPS Excluding ExtraOrd Items	16.09	14.25	11.89	7.16	7.13
Diluted EPS Including ExtraOrd Items	16.09	14.25	11.89	7.16	7.13
DPS-Common Stock	3.33	3.16	2.16	1.96	1.82
Gross Dividends - Common Stock	48.8	46.3	31.7	28.7	26.6
Normalized Income Before Taxes	380.6	328.0	275.7	167.5	148.7
Inc Tax Ex Impact of Sp Items	104.6	88.7	70.7	43.2	35.6
Normalized Income After Taxes	276.0	239.4	205.1	124.4	113.1
Normalized Inc. Avail to Com.	234.9	203.2	174.4	105.6	105.6
Basic Normalized EPS	16.02	13.86	11.90	7.20	7.21
Diluted Normalized EPS	16.02	13.86	11.90	7.20	7.21
R&D Expense, Supplemental	15.1	14.3	11.9	4.9	0.5
Advertising Expense, Supplemental	241.7	205.6	175.7	127.2	141.7
Rental Expense, Supplemental	36.0	30.9	27.2	17.3	18.8
Interest Expense, Supplemental	29.3	26.9	25.7	13.6	21.6
Depreciation, Supplemental	88.7	78.0	63.1	52.6	57.4
Amort of Intangibles, Supplemental	7.4	5.7	5.9	3.4	12.0
Amortization of Costs, Supplemental	-	-	0.0	0.0	0.9

Annual Balance Sheet

Financials in: USD (mil)

	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
UpdateType/Date	Updated Normal 31-Dec-2012	Updated Normal 31-Dec-2011	Updated Normal 31-Dec-2010	Restated Normal 31-Dec-2010	Updated Normal 31-Dec-2008
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate	1066.400024	1152	1134.9	1164.475	1259.55
Auditor	KPMG LLP	KPMG LLP	KPMG Peat Marwick LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified
Cash & Cash Equivalents	61.1	79.7	39.1	29.3	30.0
Current Fincl Deposits	11.3	2.9	2.6	-	-
Trade Receivable, Gross	353.0	288.6	238.3	194.0	162.6
Allow. for DA for Trade Receivable	-5.8	-4.9	-4.2	-4.5	-2.1
Account Receivable	13.6	17.3	14.5	9.8	16.2
Allow. for DA for Account Receivable	-0.3	-0.3	-	-	-
Other Loan & Trade Receivable	1.8	1.6	2.1	1.7	-
Adj. for Trade Receivable	0.0	0.0	0.0	0.0	-
Adj. for Other Receivable	0.0	0.0	-	-	-
Advance Payments	2.2	5.9	1.4	0.4	0.9
Prepaid Expense	8.2	7.9	10.7	6.4	8.6
Prepaid Value Added Taxes	0.0	0.5	0.0	0.0	-
Prepaid Income Taxes	0.0	0.1	0.0	0.3	-
ST Guarantee Dep	-	-	-	-	0.3
ST Loan, Net	-	-	-	-	1.5
Accrued Income	0.1	0.1	0.0	0.0	0.0
Other Current Assets	0.3	0.5	0.3	0.3	0.2
Adj. for Other Current Assets	0.0	0.0	0.0	0.0	-
Deferred Taxes	-	-	-	-	7.1
Merchandises	65.2	48.0	35.1	16.6	16.1
Finished Goods	129.4	126.4	101.2	70.9	64.1
Work in Progress	16.6	13.7	12.3	10.1	9.0
Raw Materials	54.2	47.1	35.2	29.9	30.4
Supplies	8.2	6.6	5.6	4.8	4.4
Goods in Transit	23.4	23.8	16.0	6.1	5.8
Adj. for Inventories	0.0	0.0	0.0	0.0	-
Total Current Assets	742.6	665.4	510.2	376.1	355.3
Non-Current Fincl Deposits	0.0	0.0	0.0	0.0	-
LT Finl Assets	-	-	-	-	0.0
Available for Sale Financial Assets	1.3	1.6	3.1	2.9	-
Held to Maturity Financial Assets	-	-	-	0.0	-
Investment Securities	-	-	-	-	5.3
Invmt in Affiliates	32.7	24.6	19.9	15.9	12.7
Invmt in Properties	22.6	19.8	20.3	47.8	-
LT Prepaid Expense	-	-	-	-	5.5
Non-Current Guarantee Deposits	50.1	38.6	32.5	20.4	9.9
Non-Current Loans	3.7	3.7	3.3	3.2	1.6
Allow. for DA for LT Loans & Other Recv.	-1.8	-	-	-	-
PV Disc. for LT Loans & Other Receivable	-0.1	-0.4	-	-	-
Adj. for Other Non-Current Receivable	0.0	0.0	0.0	0.0	-
Non-Current Deferred Income Taxes Assets	0.8	0.6	0.5	1.7	-
LT Advanced Payment	-	-	-	2.4	-
Other in Other Non-Current Assets	0.1	0.1	0.1	0.1	-
Non-Current Prepaid Expense	7.4	4.1	4.1	4.8	-
Adj. for Other Non-Current Assets	0.0	0.0	0.0	0.0	-
Lands	404.2	280.4	190.3	148.3	168.9
Buildings	314.5	252.5	202.5	164.8	153.5
Buildings-Depreciation	-80.7	-68.6	-55.1	-49.4	-43.2
Structures	40.5	33.8	18.9	16.5	13.8
Structures-Depreciation	-16.4	-13.8	-8.2	-7.4	-6.2
Structures-Reduction	-0.2	-	-	-	-
Tools & Equipments	85.8	76.7	70.8	64.0	55.1
Tools & Equipments-Depreciation	-69.6	-64.3	-59.1	-53.1	-36.7
Machineries & Equipments	411.0	351.5	295.3	268.2	236.0
Machineries & Equipments-Depreciation	-292.3	-255.9	-219.9	-200.4	-174.6
Machineries & Equipments-Reduction	-0.1	-0.1	-0.3	0.0	-0.1
Vehicles	51.4	47.0	34.8	31.4	27.9
Vehicles-Depreciation	-34.9	-32.2	-23.8	-21.7	-19.1
Fixtures	405.4	325.9	277.4	230.0	162.5
Fixtures-Depreciation	-287.6	-233.6	-204.4	-172.8	-114.5
Fixtures-Reduction	-3.6	-3.7	-4.3	-4.5	-4.8
Other Property Plant & Equipment	23.7	19.3	17.6	16.7	15.3
Other Tangibles-Depreciation	-14.7	-12.7	-12.5	-13.4	-12.2
Construction in Progress	7.9	19.8	14.5	28.6	5.4
Adj. for Property, Plant & Equipment	0.0	0.0	0.0	0.0	-
Industrial Property Rights	10.2	8.3	8.1	4.3	3.7
Other Intangibless	415.6	307.1	312.6	145.0	135.9
Software	10.7	4.3	4.5	5.5	-
Facilities Usage Rights	18.0	16.4	16.5	14.7	0.5
Adj. for Intangibless	0.0	0.0	0.0	0.0	-
Other Invmt Assets	-	-	-	-	13.1
Development Cost	-	-	-	-	4.9
Goodwill	333.8	240.0	243.6	24.7	22.7
Total Assets	2,592.0	2,056.3	1,713.8	1,115.3	998.2
Trade Payable&Other Payable	-	-	284.6	214.6	-
Current Trade Payable	157.3	200.2	-	-	94.0
Other Current Payable	168.9	130.9	-	-	69.7
Guarantee Deposits for Containers	4.8	4.2	-	-	-
Guarantee Deposit Withheld	0.1	-	-	-	-
Adj. for Other Payable	0.0	0.0	-	-	-
Dividend Payable	0.0	0.0	0.0	0.0	-
Income Taxes Payable	49.5	36.2	35.0	11.5	35.0
Accrued Expense	59.5	60.2	49.6	33.8	28.8
Value Added Taxes Withheld	15.8	14.7	10.8	10.5	-
Advance from Customers, Current	3.3	3.2	3.2	2.2	2.2
Unearned Income	0.3	0.3	0.4	0.5	0.4
Deferred Income	12.8	11.5	11.0	15.7	-
Withheld	11.4	6.8	8.2	7.5	12.2
Reserve-Mileage Program	-	-	-	-	0.6
Current Borrowings	108.6	115.4	136.8	61.2	107.7
Other Current Liabilities	0.1	0.0	0.0	0.0	3.7
Prov.for Return of Goods	7.8	7.3	4.2	3.0	3.7
Current Portion of Long-Term Borrowings	-	0.1	0.3	0.3	63.4
Adj. for Other Current Liabilities	0.0	0.0	0.0	0.0	-
Current Portion of Bonds	281.3	43.3	-	102.9	-
Total Current Liabilities	881.3	634.4	544.1	463.7	421.3
Bonds	215.1	329.3	307.5	42.7	95.0
Non-Current Borrowings	77.2	2.1	0.1	1.1	0.8
Capital Leased Liabilities, LD	0.0	-	-	-	-
Total Long Term Debt	292.4	331.4	307.7	43.9	95.8
Guarantee Deposits Withheld, Non-Current	12.6	12.3	10.3	2.6	3.1
Deferred Income Taxes, LT Liabilities	142.4	87.4	52.8	3.7	24.5
Reserve-Severance and Retirement Benefit	33.2	58.5	47.1	33.9	36.1
LT Employee Benefits Liabilities	13.2	11.7	-	-	-
Other Non-Current Prov.s	24.5	-	-	-	-
Adj. for Other Non-current Liabilities	0.0	0.0	-	-	-
Minority Interests	65.7	54.8	49.8	43.8	33.7
Other Non-Current Liabilities	-	-	7.6	5.6	-
Total Liabilities	1,465.3	1,190.5	1,019.4	597.2	614.5
Common Stock	73.2	67.8	68.8	67.1	62.0
Preferred Stock	9.8	9.1	9.3	9.0	8.3
Adj. for Capital Stock	0.0	0.0	0.0	0.0	-
Other Capital Surplus	-	-	37.5	36.5	33.3
Paid-in Capital in Excess of Par	-	-	48.3	47.1	43.5
Adj. for Capital Surplus	-	-	0.0	0.0	-
Capital Surplus	91.3	84.5	-	-	-
Legal Reserve	-	-	19.5	15.4	11.5
Voluntary Reserve	-	-	383.7	267.5	180.9
Retained Earnings	1,050.7	767.2	191.9	138.8	95.2
Reserve, Adjustment	-	-	0.0	0.0	-
Overseas Bus. Translation Debit/Credit	-29.7	0.1	-0.6	-0.9	-0.3
Overseas Business Translation Credit	-	-	-	-	6.1
Capital Adjustment/Equity Method	-	-	-	-	-0.4
Capital Change, Equity Method(1)	-	-	-	-	0.0
Capital Change, Equity Method	-0.2	0.0	-0.4	-0.4	-
G-Sec for Sale Valuation	-	-0.2	-0.1	-0.2	-0.3
Adj.-Accum. Other Comprehensive Income	0.0	0.0	0.0	0.0	-
Treasury Stock	-66.5	-61.5	-62.5	-60.9	-56.3
Adj. for Other Capital Items	0.0	0.0	0.0	0.0	-
Other Capital Items	-1.9	-1.2	-0.9	-0.9	-
Total Equity	1,126.7	865.8	694.5	518.1	383.7
Total Liabilities & Shareholders' Equity	2,592.0	2,056.3	1,713.8	1,115.3	998.2
S/O-Common Stock	14.7	14.7	14.7	14.7	14.7
Total Common Shares Outstanding	14.7	14.7	14.7	14.7	14.7
T/S-Common Stock	1.0	1.0	1.0	1.0	1.0
S/O-Preferred Stock	2.1	2.1	2.1	2.1	2.1
Total Preferred Shares Outstanding	2.1	2.1	2.1	2.1	2.1
T/S-Preferred Stock	0.0	0.0	0.0	0.0	0.0
Deferred Revenue, Current	16.5	15.0	3.6	2.7	2.6
Full-Time Employees	-	3,372	3,131	2,893	2,745
Number of Common Shareholders	-	-	9,999	8,535	7,988
Long Term Debt Maturing within 1 Year	0.3	43.6	0.3	103.4	63.5
Long Term Debt Maturing in Year 2	0.1	260.4	44.2	-	95.7
Long Term Debt Maturing in Year 3	0.2	71.6	264.3	44.1	0.3
Long Term Debt Maturing in Year 4	-	-	-	-	0.1
Total Long Term Debt, Supplemental	0.6	375.5	308.8	147.4	159.6
Capital Lease Payments Due within 1 Year	0.0	-	-	-	-
Capital Lease Payments Due in Year 5	0.0	-	-	-	-
Total Capital Leases, Supplemental	0.0	-	-	-	-
Operating Lease Maturing within 1 Year	32.0	27.2	23.5	22.0	3.7
Operating Lease Maturing within 2 Years	-	-	-	-	3.7
Operating Lease Payments Due in Year 5	8.8	7.4	8.4	6.2	-
Total Operating Leases, Supplemental	40.8	34.6	31.9	28.2	7.5

Annual Cash Flows

Financials in: USD (mil)

	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
Period Length	12 Months	12 Months	12 Months	12 Months	12 Months
UpdateType/Date	Updated Normal 31-Dec-2012	Updated Normal 31-Dec-2011	Updated Normal 31-Dec-2010	Restated Normal 31-Dec-2010	Reclassified Normal 31-Dec-2009
Filed Currency	KRW	KRW	KRW	KRW	KRW
Exchange Rate (Period Average)	1126.848795	1107.891393	1156.281981	1276.385219	1100.562842
Auditor	KPMG LLP	KPMG LLP	KPMG Peat Marwick LLP	KPMG LLP	KPMG LLP
Auditor Opinion	Unqualified with Explanation	Unqualified with Explanation	Unqualified	Unqualified	Unqualified
Net Income or Loss	276.9	245.1	204.9	123.8	112.0
Depreciation	88.9	78.2	63.1	52.6	57.4
Amort. of Intangibless	7.4	5.7	5.9	3.4	12.9
Payment for Retirement Allow., ONCI	26.1	21.8	17.1	13.8	19.1
Expense of Allow. for DA	0.5	0.7	0.1	2.9	0.1
Interest Expenses	29.3	26.9	25.7	13.6	0.3
Corporate Taxes Expense	105.0	90.8	70.6	43.0	-
Loss on Scraping of Inventory	-	0.3	0.3	1.3	0.3
Expenses of Allow. for Other DA	0.0	-	-	-	-
Losses on Foreign Currency Translation	0.6	0.2	0.3	1.2	1.1
Loss-Currency Forwards Transaction	-	-	-	-	0.0
L-Tangible Asst Disp	1.4	0.7	0.9	1.5	1.9
Loss on Disposal of Financial Assets Ava	-	0.0	-	-	-
Impmt Loss-Fincl Asset Avail.-for-Sale	0.7	1.4	-	-	-
L-Intangible Assets Disposal	0.1	0.2	0.2	0.2	0.0
Loss-Reduction of Intangible Assets	-	-	-	-	0.1
L-Trade Receivable Disposal	-	-	-	-	0.2
Impmt Loss on Assets	-	0.0	1.7	-	-
Interest Income(1)	-3.0	-1.8	-1.3	-0.8	-
Dividend Income	0.0	0.0	0.0	0.0	-
Rec. of Allow. for DA	-0.4	-1.1	-0.7	-	-
Dividend Income under Equity Method	-	-	-	-	0.7
Loss on Sale of Invmt in Subsidiaries	0.0	-	-	-	-
Gain/Loss under Equity Method	-4.4	-4.9	-4.2	-2.8	-1.0
G-Tangible Asst Disp	-2.7	-4.4	-0.9	-0.9	-1.8
G-Intangibles Disp.	0.0	-4.3	-1.8	-	0.0
Gains on Foreign Currency Translation	-12.5	-0.1	-0.3	-0.4	-0.6
Recovery-Loss Reduct of Invest Security	-	-	-	-	-0.7
G-Disposal of Other Fixed Assets	-	-	-	-	-1.5
Recovery-Tangible Assets Reduction Loss	-	-	-	-	-0.5
Gain on Purchase at Bargain Price	-	-19.0	-	-	-
Trade Receivables	-25.5	-1.0	-32.6	-9.3	-21.3
Inventory	-6.2	-49.1	-48.9	1.7	-33.1
Other Current Assets	0.8	-1.3	-1.2	4.7	2.8
Decrease in Other Non-Current Assets	-2.7	-0.4	2.4	-6.0	-
Other Receivables	4.7	-2.6	-	-	-8.2
Accrued Income	-	-	-	-	0.1
Advance Payments	-	-	-	-	-0.1
Prepaid Expenses	-	-	-	-	5.7
Deferred Taxes-Current Assets	-	-	-	-	2.0
LT Prepaid Expenses	-	-	-	-	-19.4
Trade Payable	-59.2	-26.1	38.9	31.1	18.4
Other Payable	-38.0	12.2	-	-	1.1
Advances Received	-	-	-	-	-0.9
Deposit Withheld	-	-	-	-	0.2
Other Current Liabilities	-2.9	11.6	11.5	3.0	-0.4
Accrued Expense	-	-	-	-	10.1
Guarantee Deposit Withholdings	-0.1	0.3	-1.4	-0.5	-
Accrued Income Taxes	-	-	-	-	15.6
Unearned Income	-	-	-	-	-0.1
Deferred Income Tax Credit, A/L	-	-	-	-	-9.3
Reserve-Mileage Program	-	-	-	-	0.4
Deferred Income	0.4	0.4	-6.7	3.1	-
Prov.for Returned Goods	-1.6	-0.6	0.5	-0.9	0.7
Other Non-Current Liabilities	0.5	2.0	1.8	0.2	-
Payment for Retirement Allow.	-21.1	-21.4	-11.2	-12.5	-
Retm&Sevr Benf Liability	-	-	0.0	-0.3	0.7
Nation Pension Fnd	-	-	-	-	0.1
Increase-Restructuring Reserve Liability	-	-	-	-	-2.2
Payment-Retirement Bonus	-	-	-	-	-19.9
Prov. for Retirement Allow.	0.3	0.3	-	-	0.4
Plan Assets	-44.3	-13.9	-2.2	-5.1	-
Cash-Interest Received	2.7	1.1	0.7	0.8	-
Cash-Dividend Income	0.0	0.3	1.2	0.3	-
Cash-Tax Refunded	0.0	0.0	0.1	-	-
Cash-Interest Paid	-35.1	-25.8	-23.7	-13.8	-
Cash-Tax Paid	-75.0	-61.6	-34.9	-51.2	-
Cash from Operating Activities	211.2	260.7	276.3	197.6	143.5
Disposal of Current Financial Deposits	0.0	0.0	0.1	-	-
Sale of Current Fincl Deposit	0.3	-	-	-	-
Decrease-Other Loan&Receivable	16.5	0.0	0.5	0.2	-
Decs in Other Non-Current Receivables	8.4	9.6	1.4	10.0	1.4
Dec-LT Financial Assets	-	-	-	-	310.0
Disposal of Securities Available-for-Sal	-	0.0	-	-	-
Disp-Land	-	-	-	-	19.8
Disposal of Building	-	-	-	-	0.0
Disposal of Structures	-	-	-	-	0.0
Disp-Machinery	-	-	-	-	0.1
Disposal-Tools & Supplies	-	-	-	-	0.0
Disp-Vehicles	-	-	-	-	0.7
Disp-Fixtures	-	-	-	-	0.1
Disposal-Other Tangible Assets	-	-	-	-	0.3
Proceeds from Sale of Property,Plant and	2.9	15.7	4.2	1.7	-
Disposal-Intangible Assets	0.0	4.5	1.8	0.0	0.0
Decrease-Other LT Assets	-	-	-	-	2.5
Dec-Guarantee Dep.	-	-	6.9	1.2	6.8
Purchase of Current Fincl Deposit	-8.0	-0.3	-	-	0.3
Increase-ST Loans	-	-	-	-	-1.8
Proceeds from Sale of Investment Propert	-	-	26.4	-	-
Disposal-Held to Maturity Financial Asse	-	-	0.0	-	-
Disposal of Subsidiares	0.0	2.1	-	-	-
Increase-Investment Securities	-	-	-	-	-4.2
Increase-ST Financial Assets	-	-	-	-	-304.6
Incs in Non-Current Fincl Deposit	0.0	0.0	-	-	-
Inc-Guarantee Dep	-	-	-10.8	-12.3	-6.5
Increase-Other LT Assets	-	-	-	-	-0.8
Currency Forwards Transaction	-	-	-	-	0.0
Purchase of Invmt in Afflt&Joint Contral	-2.0	-	-	-	-
Acquistion of Subsidiaries	-178.3	-	-	-	-
Cash Flow from Subsidiaries	-	-	-351.1	-5.1	-
Purchase of Other Loan & Other Recv.	0.0	-	-0.6	-0.1	-
Incs in Other Non-Current Receivables	-14.4	-10.7	-2.1	-9.6	-
Purchase of Tangibles	-148.8	-139.6	-128.6	-86.3	-
Acq-Buildings	-	-	-	-	-1.0
Increase-Structure	-	-	-	-	-0.5
Acq-Machinery	-	-	-	-	-4.9
Acq-Vehicles	-	-	-	-	-3.5
Acq-Tools/Equipmt	-	-	-	-	-0.8
Acq-Fixtures	-	-	-	-	-6.7
Acq-Constructn Prog	-	-	-	-	-29.3
Increase-Other Tangible Assets	-	-	-	-	-1.6
Purchase of Intangibless	-4.7	-3.2	-5.7	-1.1	-
Increase-Goodwill	-	-	-	-	-3.4
Acq-Industr.Patent	-	-	-	-	-1.3
Acq-Other Intangible	-	-	-	-	-0.2
Cash from Investing Activities	-328.1	-121.8	-457.5	-101.4	-29.1
Increase in Current Borrowings	26.3	-	73.0	-	-
Increase in Non-Current Borrowings	80.2	2.2	-	0.6	0.9
Inc-Security Depo.	-	-	-	-	0.5
Increase in Bonds	132.6	71.9	258.4	39.0	-
Decrease in Current Borrowings	-42.7	-75.7	-	-51.3	-117.8
Decrease in Non-Current Borrowings	-	-	-1.0	-	-
Decs in Current Portion of LT Borrowings	-2.5	-54.8	-0.3	-0.1	-
Decrease in Current Portion of Bonds	-44.4	-	-103.8	-62.7	-
Decrease in Other Non-Current Payable	-	-0.5	-	-	-0.3
Dividend Paid to Minority Interest	-	-0.2	-0.4	-0.4	-
Dividend Paid	-52.1	-40.2	-36.3	-26.3	-22.9
Increase in Treasury Stocks	-	0.0	-	-	-
Dividend Payment-Affiliates	-	-	-	-	-0.3
Foreign Currency Translation Effect	-2.9	1.3	0.4	-1.3	-
Change in Minority Interest	-0.8	-	-	-	-
Increase in Minority Interest	-	-	0.1	1.1	30.1
Subsidiaries's Stock Issuance Cost	0.0	-0.4	-	-	-
Cash from Financing Activities	93.6	-96.3	190.1	-101.4	-109.8
Foreign Exchange Effects	-0.4	0.0	-0.1	-0.1	6.3
Incs or Decs in Cash & Cash Equivalents	-23.6	42.7	8.8	-5.2	10.9
Cash and Cash Equivalents at Beginning	81.4	40.1	29.6	32.0	23.5
Cash and Cash Equivalents at End	57.9	82.8	38.4	26.8	34.4
Cash Interest Paid	35.1	25.8	23.7	13.8	-
Cash Taxes Paid	75.0	61.6	34.9	51.2	-

Financial Health

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Key Indicators USD (mil)
Â	Quarter Ending 31-Mar-2013	Quarter Ending Yr Ago	Annual Year End 31-Dec-2012	1 Year Growth	3 Year Growth	5 Year Growth
Total Revenue1 (?)	988.7	10.35%	3,457.6	12.74%	20.69%	17.93%
Research & Development1 (?)	-	-	9.5	30.00%	19.34%	92.63%
Operating Income1 (?)	134.5	12.28%	395.4	20.35%	24.99%	30.55%
Income Available to Common Excl Extraord Items1 (?)	81.8	13.08%	235.8	14.82%	25.64%	30.49%
Basic EPS Excl Extraord Items1 (?)	5.58	13.08%	16.09	14.82%	25.64%	30.49%
Capital Expenditures2 (?)	32.8	-26.48%	153.5	9.31%	15.74%	53.19%
Cash from Operating Activities2 (?)	141.4	14.00%	211.2	-17.60%	-1.91%	21.02%
Free Cash Flow (?)	105.9	36.72%	61.0	-50.19%	-22.65%	-1.78%
Total Assets3 (?)	3,191.3	26.25%	2,592.0	16.68%	28.63%	18.20%
Total Liabilities3 (?)	2,084.8	29.07%	1,465.3	13.93%	30.98%	13.87%
Total Long Term Debt3 (?)	656.8	215.00%	292.4	-18.32%	82.72%	9.36%
Employees3 (?)	-	-	-	-	-	-
Total Common Shares Outstanding3 (?)	14.7	0.00%	14.7	0.00%	0.00%	0.00%
1-ExchangeRate: KRW to USD Average for Period	1084.553644	Â	1126.848795	Â	Â	Â
2-ExchangeRate: KRW to USD Average for Period	1084.553644	Â	1126.848795	Â	Â	Â
3-ExchangeRate: KRW to USD Period End Date	1112.840072	Â	1066.400024	Â	Â	Â

Key Ratios
Â	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
Profitability
Gross Margin (?)	50.86%	49.54%	52.81%	50.94%	52.75%
Operating Margin (?)	11.44%	10.71%	12.27%	10.29%	9.28%
Pretax Margin (?)	11.04%	10.77%	11.27%	9.60%	8.25%
Net Profit Margin (?)	6.82%	6.70%	7.13%	6.04%	5.85%
Financial Strength
Current Ratio (?)	0.84	1.05	0.94	0.81	0.84
Long Term Debt/Equity (?)	0.26	0.38	0.44	0.08	0.25
Total Debt/Equity (?)	0.61	0.57	0.64	0.40	0.70
Management Effectiveness
Return on Assets (?)	12.16%	12.59%	14.61%	12.36%	10.04%
Return on Equity (?)	24.40%	26.23%	29.40%	25.15%	27.25%
Efficiency
Receivables Turnover (?)	10.60	10.92	10.90	9.67	9.48
Inventory Turnover (?)	6.02	6.34	6.73	6.66	6.26
Asset Turnover (?)	1.52	1.60	1.74	1.73	1.60

Market Valuation USD (mil)
P/E (TTM) (?)	29.69	.	Enterprise Value2 (?)	9,253.6
Price/Sales (TTM) (?)	2.30	.	Enterprise Value/Revenue (TTM) (?)	2.58
Price/Book (MRQ) (?)	6.71	.	Enterprise Value/EBITDA (TTM) (?)	17.97
Market Cap as of 09-Aug-20131 (?)	8,280.3	.
1-ExchangeRate: KRW to USD on 9-Aug-2013	1112.580157
2-ExchangeRate: KRW to USD on 31-Mar-2013	1112.840072

Annual Ratios

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
Financial Strength
Current Ratio (?)	0.84	1.05	0.94	0.81	0.84
Quick/Acid Test Ratio (?)	0.48	0.60	0.53	0.50	0.49
Working Capital1 (?)	-138.8	31.0	-33.9	-87.6	-66.0
Long Term Debt/Equity (?)	0.26	0.38	0.44	0.08	0.25
Total Debt/Equity (?)	0.61	0.57	0.64	0.40	0.70
Long Term Debt/Total Capital (?)	0.16	0.24	0.27	0.06	0.15
Total Debt/Total Capital (?)	0.38	0.36	0.39	0.29	0.41
Payout Ratio (?)	20.69%	22.17%	18.19%	27.35%	25.49%
Effective Tax Rate (?)	27.49%	27.03%	25.63%	25.77%	24.08%
Total Capital1 (?)	1,809.0	1,356.1	1,139.2	726.5	650.6
Efficiency
Asset Turnover (?)	1.52	1.60	1.74	1.73	1.60
Inventory Turnover (?)	6.02	6.34	6.73	6.66	6.26
Days In Inventory (?)	60.59	57.53	54.21	54.78	58.34
Receivables Turnover (?)	10.60	10.92	10.90	9.67	9.48
Days Receivables Outstanding (?)	34.42	33.41	33.47	37.75	38.51
Revenue/Employee2 (?)	-	889,698	795,437	657,934	569,115
Operating Income/Employee2 (?)	-	95,299	97,602	67,722	52,837
EBITDA/Employee2 (?)	-	119,161	120,060	88,940	74,932
Profitability
Gross Margin (?)	50.86%	49.54%	52.81%	50.94%	52.75%
Operating Margin (?)	11.44%	10.71%	12.27%	10.29%	9.28%
EBITDA Margin (?)	14.22%	13.39%	15.09%	13.52%	13.17%
EBIT Margin (?)	11.44%	10.71%	12.27%	10.29%	9.28%
Pretax Margin (?)	11.04%	10.77%	11.27%	9.60%	8.25%
Net Profit Margin (?)	6.82%	6.70%	7.13%	6.04%	5.85%
R&D Expense/Revenue (?)	0.27%	0.24%	0.29%	0.28%	0.03%
COGS/Revenue (?)	48.85%	50.24%	47.19%	49.06%	46.64%
SG&A Expense/Revenue (?)	37.59%	37.09%	39.03%	37.68%	41.52%
Management Effectiveness
Return on Assets (?)	12.16%	12.59%	14.61%	12.36%	10.04%
Return on Equity (?)	24.40%	26.23%	29.40%	25.15%	27.25%
Valuation
Free Cash Flow/Share2 (?)	4.16	7.74	9.87	8.24	5.38
Operating Cash Flow/Share 2 (?)	15.23	17.10	19.20	14.77	8.55
1-ExchangeRate: KRW to USD Period End Date	1066.400024	1152	1134.9	1164.475	1259.55
2-ExchangeRate: KRW to USD Average for Period	1066.400024	1152	1134.9	1164.475	1259.55

Current Market Multiples
Market Cap/Earnings (TTM) (?)	33.38
Market Cap/Equity (MRQ) (?)	7.48
Market Cap/Revenue (TTM) (?)	2.30
Market Cap/EBIT (TTM) (?)	19.98
Market Cap/EBITDA (TTM) (?)	16.07
Enterprise Value/Earnings (TTM) (?)	37.31
Enterprise Value/Equity (MRQ) (?)	8.36
Enterprise Value/Revenue (TTM) (?)	2.58
Enterprise Value/EBIT (TTM) (?)	22.34
Enterprise Value/EBITDA (TTM) (?)	17.97

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.64.69
UK Pound	1	Rs.100.79
Euro	1	Rs.86.30

INFORMATION DETAILS

Report Prepared by :

PRL

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	Capability to overcome financial difficulties seems comparatively below average.	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
--	NB	New Business	--

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.