04 Evergreen Hansol

06 Hansol’s Management Philosophy

08 Hansol’s New Principles of Management

10 History of Hansol

12 CEO Message

14 Hansol Group

32 Hansol Paper

36 Hansol Homedeco

38 Hansol Chemical

40 Hansol LCD

42 Hansol CSN

44 Hansol Construction

46 Hansol Development

48 Hansol EME

50 Human Resources

51 Research & Development

52 Social Contributions

54 Networkwww.hansol.co.kr

Evergreen Hansol“Evergreen Hansol” reflects the Hansol spirit of being ever ready for any challenge, meeting each one with a youthful,creative turn of mind that is bringing greater value into the world. As we move forward into the 21st century, an age ofseemingly unsurmountable competitiveness, Evergreen Hansol is taking a position of leadership with a firm but openstance and an open mind that says, “Let us create a new history.” Just as our beloved pines are ever green, so is Hansolever ready to help lead the world across new frontiers.

Evergreen Hansol is

the spirit of youthThe strength to meet endless challenges and create a new world-

that is the spirit of youth that characterizes Hansol.

The will and courage to overcome all limitations break through every frontier.

The strength to create for our society a new and better world-

that is the spirit of youth.

The power to create a new history through a future-oriented, enterprising attitude-

that is the spirit of youth.

And it’s thanks to that spirit of youth that Hansol can call itself “evergreen.”

Hansol will always work with a youthfulness that knows no limits and an ambition

that is willing to face whatever the future may bring.

Evergreen Hansol is

the spirit of creativityThe motivation and will to change the world-

that is the spirit of creativity that characterizes Hansol.

The courage to cast off the old and actively, creatively pursue the unknown-

that is the spirit of creativity.

Heart and head filled with passion for a new world, a new order, new hopes-

that is the spirit of creativity.

And it’s thanks to that spirit of creativity that Hansol is “evergreen.”

And with its creative spirit, always pursuing the new and relishing the 21st-century

age of challenge and expectation, Hansol will become a true leader that helps

humanity realize its hopes and dreams.

Evergreen Hansol is

the spirit of cleannessFrom its beginnings to today, always working under the corporate concept that a

business must be run responsibly, showing respect for the environment-

that is the spirit of cleanness that characterizes Hansol.

A moral mindset that places ethical operations first, always nurturing a clean

corporate culture-

that is the spirit of cleanness.

And it is thanks to this spirit of cleanness that Hansol can call itself “evergreen.”

Externally always positioning itself at the forefront of environmental protection and

internally always keeping its corporate culture ethical, Hansol will always be a

corporation that earns the true respect of our society.

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human resourcesHansol is people, and Hansol has grown by making the best of its people.Hansol finds talented people and nurtures them, and they in turn make Hansol into a top-class corporation.

Hansol regards the value of people as the primary element of corporate management.

Hansol has from its very beginnings right up to today always placed its human resources first and will continue to

work to make the very best of its people.

Hansol creates the highest in value through respect for nature, the creation of culture, and the realization of happiness for humankind.

technologyHansol is technology.It takes world-class technology to make world-class products.Hansol recognized the importance of technology early on and today is doing everything

it can to secure and develop the world’s best technology.

Through unrelenting technological innovation Hansol is producing true value.

In order to create the high level of technology needed to take us into the future,

Hansol is devoting itself to inrelenting research and development.

the futureHansol is the future.And hope for the future belongs to Hansol.Hansol knows that only those enterprises with the foresight to prepare themselves

for the future can lead us into that future.

Hansol stands for a tomorrow that is better than today.

As a star of the future that will lead us through the 21st-century,

Hansol is nurturing its core management resources and maximizing its competitiveness.

Hansol’s Management PhilosophyBy bringing together nature, culture, and humanity, Hansol will help make life better.

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value managementFor Hansol becoming the world’s foremost corporation means becoming the world’s number-one creator of value.Value management thinks of true substance and competitive power rather than external appearances, and Hansol thinks and

acts across the board in accordance with the principles value management. Hansol is always reinventing its composition and

systems in line with those principles.

With its basic principles of value management, responsibility management, and transparent management,Hansol is progressing step by step toward its goal ofbecoming the world’s greatest creator of value.

transparent managementFor Hansol, the best kind of business is one that’s run transparently.All decisions by the directors are handled transparently and the stockholders have a clear, full view of

everything that goes on. Through the sharing of management information and through rational operational

processes, Hansol is doing its utmost to become the kind of corporation that managers, employees, and

stockholders appreciate the most.

responsibility managementHansol looks to its member companies to take it upon themselves to operate in accordance with the group’s principles.Responsibility management respects the self-motivated creative capabilities of each member company and

each business division. Hansol is working to make this kind of thoroughly self-functioning management a

reality in all its affiliates, thereby maximizing the group’s synergy.

Hansol’s New Principles of ManagementWe will become a corporation that creates unsurpassed value.

� The late Byung-Chull Lee, who always possessed a sense of mission that led

him to make great contributions toward the reconstruction of the Korean economy

and the revitalization of Korean culture, entered the paper-manufacturing business

in 1965 with the acquisition of the Saehan Paper Manufacturing Industries Co.,

Ltd., which was renamed the Jeonju Paper Manufacturing Co., Ltd. At that time

Korea suffered from a lack of just about all types of goods, and there was a

particularly acute need for an adequate supply of paper for the publication of

cultural and educational materials that would be used to train and foster the human

resources necessary for the country’s economic development.

� Jeonju Paper did indeed contribute greatly to the nation’s economic

progress and grew to become Korea’s largest paper manufacturer. It not only

reduced the country’s dependence on imports but also added paper products to

Korea’s growing list of exports and was the driving force in bringing the domestic

paper industry up to a top-class level.

� In 1991 the company was spun off from the Samsung Group and renamed

Hansol Paper in a rebirth that led to diversification and the creation of Hansol’s

own group of affiliates. Today Hansol is strongly positioned as one of Korea’s most

promising conglomerates.

� Hansol successfully weathered the Asian financial crisis of 1997 through

careful restructuring. Then, in 2002, Chairman Dong-Kil Cho instituted new

management policies emphasizing value, responsibility, and transparency. This

along with the strengthening of Hansol’s innovativeness and competitiveness has

brought not only Hansol Paper but also all its seven affiliates, Hansol Homedeco,

Hansol Chemical, Hansol LCD, Hansol CSN, Hansol Construction, Hansol

Development, and Hansol EME, to outstanding new levels of achievement.

� Hansol’s next step will be to advance from the domestic arena onto the

world stage as a leader of a new age.

Forty years of Hansol: broadening horizons, progressing toward a new age

Founder, the late Chairman Byung-Chull Lee

In-Hi Lee adviser to the Hansol Group Dong-Kil Cho chairman of the Hansol Group

Hansol: evergreen for everyone

� Only a person with the right kind of dreams for the future can live and

work meaningfully and effectively in the present, and the same goes for businesses. A

business has to be based on a proper vision for the future if it is to create true value

for itself and for society. And as a society develops and progresses, its businesses,

which are an indispensable part of it, share the fruits of that progress.

� Hansol is like a living entity that thinks and acts, and it knows deep in its

heart that its ability to contribute to society depends on its system of values and its

actions.

� If we look at the development of human civilization, we see that it was led

by people who were never satisfied with the status quo but always pushed forward,

accepting and winning out over the challenges of meeting an unknown future. We

are what we are today and where we are today thanks to the efforts of those who

dedicated themselves to overcoming the disadvantages and limitations of their age to

create something new.

� Today Hansol is leading the way toward a better tomorrow. Never settling

for self-satisfaction with things as they are, Hansol is ever pushing forward in

thought and deed, approaching each new challenge with a fresh turn of mind,

which is reflected in the group’s motto, Evergreen Hansol.

� Now Hansol has begun to make a second leap forward, with a view to

becoming one of the world’s leading business enterprises. Together with the Korean

people, we intend to apply ourselves with even greater dedication and passion to

writing a new chapter in corporate history in the 21st century.

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Hansol is there to help create a higher level of culture in a world where the imagination knows no limits.

Life is better with interiors made with people and nature in mind.

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hansolhomedeco

Bringing a healthier, happier life closer to realization by meeting the endless challenges of the future.

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hansolchemical

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We always place the customer’s convenience and satisfaction first.Out to the world, into the future.Customer-centered logistics- We're always there for you.

hansol CSN

A warm happiness permeates places where leisure can be spent amid a sense of abundance, where people are cared for and nature treasured.

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hansoldevelop-

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Hansol EME’s plant solutions will help us realize our dreams for the future.

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hansol EME

Dreaming happy dreams of bequeathing to our posterity technologically advanced, beautifully designed cities.

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hansolconstruction

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Taking a step forward toward a future information age that no one has yet dared imagine.

hansol LCD

MANUFAC-TURING

PAPER

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Jincheon Mill

Jeonju Mill

Ulsan M

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Life Sciences Research Institute

Oak Valley

Janghang Mill

Daejeon Mill

Cheongju Mill

Cheonan Mill

Sangju Mill

SCP

Paper Technology Research Institute

The Member Companies of the Hansol Group

One by one the trees grow to become a forest, and although each tree is unique, it shares the forest’s unity of purpose.

The member companies of the Hansol Group grow like that, each carrying out its own tasks, working toward its own special goals, but at the same based on the Evergreen Hansol spirit.

hansol paper

www.hansolpaper.co.kr

• Leader in paper recycling through

the company’s Green Plan

• Increasing energy efficiency and reduction of

water use and wastage (EPA-97, 96)

• Environmental management system

(ISO 14000 designation as an environmentally friendly corporation)

• Environmental Research Institute

(waste recycling, development of water-treatment technology)

Hansol Paper | Hansol Paper is the flagship company of the Hansol Group and is central to the paper-

manufacturing industry in Korea. Since its beginnings in 1965, during a period when Korea suffered from a lack of almost all basic

materials, Hansol Paper has contributed greatly to the advancement of Korean culture and economy through the production of paper,

the fundamental material for preserving and exchanging information. With a strong sense of mission and with deep pride in its work,

Hansol Paper is opening a new chapter in the history of the paper industry.

Today Hansol Paper is experiencing a renascence as a world-class corporate creator of value. The company’s mills boast state-of-the-art facilities and are continually increasing their level of internationalcompetitiveness. These plants are the Janghang Mill, specializing in printing paper; the Daejeon Mill andCheongju Mill, specializing in industrial papers; the Cheonan Mill and Sangju Mill, which turn out special-purpose papers; and South China Paper in Hong Kong, the company’s beachhead in China, which produceswhite duplex board. The company is also constantly conducting programs of research and development andstrengthening its customer services.

Today the whole world is Hansol Paper’s stage. Hansol Paper was the first company in its field in Korea to introduce an enterprise resource planning (ERP)system and through the use of that system has achieved the most advanced levels of efficiency and productivity.The quality of Hansol Paper products has gained recognition in markets worldwide, and the company isattaining world-class status as a paper manufacturer on the basis of its technological strengths.

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Samples of Hansol Paper products

1. An interior view of Hansol Paper’s Janghang Mill2. Testing the quality of Hansol Paper products

Making paper-the foundation for culture and information exchange

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Janghang MillThe Janghang Mill has the capacity to produce more than 650,000 tons ofuncoated wood-free paper and coated paper per year. Its vast automated facilitiesand pleasant working environment are of international scale and quality, as arethe products it turns out. The plant has state-of-the-art equipment, includingthree paper machines and two cutting machines as well as a large-scale super-calender and a sheet cutter.

Daejeon MillThis plant produces mainly top-class white duplex paper for product packagingand is capable of turning out 550,000 tons per year. Unlike other domesticproducers of white duplex board, this mill has its finishing facilities off-machine,and the completely automated warehouse is capable of handling the largest rolls.

Cheongju MillThe main products of the Cheongju Mill are white duplex paper for productpackaging and industrial packaging, paper used in the manufacture of dry wall,and carrier tape used to transport semiconductors. The mill’s capacity is 70,000tons per year. As a plant specializing in making small quantities products in highadded value, this mill is on the forefront of new product development.

Ongoing technological development and a relentless emphasis on quality have opened up the whole worldto Hansol Paper’s products.Through its marketing strongholds overseas and its total marketing system, which integrates domestic andoverseas production, distribution, and sales, Hansol Paper exports more that 50 percent of its turnout to morethan 50 countries around the world, including such advanced markets as the United States and Japan. Thequality of these products is recognized worldwide, too, thanks to a quality-control system which covers everystage of the company’s work from manufacturing to delivery and which has received ISO 14001 certification.

Hansol Paper operates plants in Korea at Janghang, Daejeon, Cheongju, Cheonan, and Sangju, and also ownsand operates South China Paper Ltd., Hong Kong’s only producer of white duplex board. These sixmanufacturing plants turn out 1.5 million tons of paper each year.

1. Paper passing through a coating machine2. Paper rolls being automatically transported to the next production procedure3. An aerial view of the Janghang Mill,

where top-quality printing paper is produced

Cheonan and Sangju MillsWith an annual capacity of 120,000 tons, the Cheonan Mill is Korea’s largestproducer of specialty papers, papers for information processing, and fancypapers. The Sangju Mill turns out such products of high added value as speciallycoated thermal papers, memo paper with adhesive backing, and ink-jet printerpaper for printing photos. It is a focus of technological development of specialtypaper products for the 21st-century information age.

South China Paper, Hansol’s foothold into the Chinese marketIn July 1999 Hansol Paper acquired Concordia Paper, Hong Kong’s onlymanufacturer of white duplex board, as a strategically located foothold into theChinese market. The company, renamed South China Paper, is improving thequality of its products and reducing costs on the basis of Hansol’s technology.Through product diversification and fast service, the company is strengtheningHansol’s business base in this important market.

4. Inspecting finished paper products5. SCP, Hong Kong’s only manufacturer of white duplex board

The automated warehouse at the Daejeon Mill

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Hansol Homedeco knows the value of wood and knows how to make the best of it.As a company with very large-scale production lines for the manufacture of medium-density fiberboard andparticle board, Hansol Homedeco has been able to expand its range of operations into businesses producinghigher added value, such as lumber, flooring, and interior design. Through greater technological innovationand by increasing its brand recognition, Hansol Homedeco has established a competitive advantage as a leaderin its field in Korea.

Hansol Homedeco leads the market by continuing development of new products that reflect the company'sdedication to superior quality and high-class design. Furthermore, Hansol Homedeco has prepared itself forthe future through strategic partnerships with overseas advanced companies and through exclusive goodsoutsourcing. Hansol Homedeco is pursuing its goal of providing total solutions for architectural interiors.

High-grade wooden flooring and interior materialsHansol Homedeco helps create a wonderful variety of high-class interiors andbeautiful living spaces through the supply of flooring that preserves the naturalcharacteristics of wood as well as molding, system walls, doors, light-fixtureboxes, and art wall.

Furniture materialsAt its Iksan and Asan factories, which boast the latest automated manufacturinglines, Hansol Homedeco produces and supplies top-quality medium-densityfiberboard and particle board for furniture and architectural exteriors andinteriors. These factories have the technology to produce environmentally soundproducts rated Super-E0 and a full range of such functional products as fire-resistant and water-resistant board.

Overseas plantationBeginning in 1993, Hansol Homedeco began overseas forestation projects on ascale never before attempted by a Korean company. The company has nowafforested 16,000 hectares in Australia and 10,000 hectares in New Zealand with atotal of 30 million trees. In 2004 the company completed construction of a wood-chip mill capable of turning out 500,000 tons a year in the Australian harbor townof Bunbury, which is not far from the Hansol Homedeco afforestation project. Thewood chips produced here are brought home to Korea, reducing the need forother imports and increasing the company’s profitability.

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1. MDF production at Hansol Homedeco2. An interior decorated with materials manufactured by Hansol Homedeco

Korea’s first company to carry out afforestation projects overseas

ISO 9002 Certification

KOSHA 18001 Certification

Hansol Homedeco | Consideration of the environment enhances the quality of life, helping.

Hansol Homedeco create spaces for happier, more abundant living. The company manufactures wooden materials for more beautiful

interiors.

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Creating environmentally friendly spaces of high value

www.hansolhomedeco.com

At its factories in Jeonju and Ulsan, Hansol Chemical produces hydrogen peroxide and other purechemicals used in paper manufacturing, the textile industry, and the semiconductor industry. The company’s products for paper making include SB-latex and fixing agents, and for environmental uses,polyacrylamide and organic coagulants. Hansol Chemical product extend even to such functional chemicals asbenzoyl peroxide and urea-formaldehyde resin as well as materials for electronic and information technology,such as dye sublimation ribbon.

To ensure that it can supply products that are always of stable, reliably outstanding quality, the companyoperates under a standardized system of quality management. The company is growing to become a world-class chemical manufacturer as it moves into the 21st century with more creative technological and productdevelopment, state-of-the-art information networks, and greater diversification of its business.

Main ProductsHydrogen peroxide for paper production, pulp treatment, waste paper bleaching and

flotation for the deinking process bleaching fiber, cleaning semiconductors, and

waste-water treatment

Latex for printing paper, white duplex board coating, adhesive for carpeting and

wooden materials, mixing with concrete

Urea resins adhesives for processing wooden materials for MDF and PB

Chemicals for paper manufacture production and supply of various chemicals for

such paper-manufacturing processes as deinking and base paper making

Types of products: fixing agent, wet strength agent, retention aid, alkaline sizing

agent, chelating agent, micro-capsules, etc.

Environmental chemicals production and supply of chemicals used in industrial

waste-water treatment and water purification

Types of products: polyacrylamide, organic coagulants

Dye sublimation ribbon color ribbon and photoprint paper for digital photos, photo

stickers, and ID cards

Sodium hydrosulfite for deoxidizing agents and bleaching in the processes of treating

textile and manufacturing paper

Benzoyl peroxide for initiator for the polymerization used in expended polystyrene

processes and for plant hardening agents

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1. Facilities at the Hansol Chemical Jeonju Plant2. The production line for dye sublimation ribbon

Hansol Chemical | At Hansol Chemical, top technology ensures stable product quality, and stable

product quality forms the basis for beneficial technological innovation. The company’s environmentally friendly management and

emphasis on technological achievement enable Hansol Chemical to maximize its value and progress toward a more abundant future.

ISO 9001 Certification

ISO 14001 Certification

Received Korea Environment Certification as a designated Environmentally Friendly Corporation

KOSHA 2000 Certification

KOSHA 2000 Certification (Korea Safety Certification)

Bulk Good Manufacturing Practice Permit

Received the Bulk Good Manufacturing Practice Award from the Korea Food & Drug Administration

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Pure speciality chemicals through innovative management and innovativetechnology

www.hansolchemical.com

Hansol LCD’s expertise in the manufacture of Back Light Units, which are a main component of TFT-LCDdisplays, has led the company to develop other components and modules for LCDs, and through these efforts the company isgrowing to become a leader in its field.In response to the explosive increase in demand for LCD-TVs, Hansol LCD has increased the capacity of itsTV-BLU mass-production lines, which has led to strong growth and greater profitability. Now the company isalso developing multifunctional inverters using advanced circuit technology and is working to open up newmarkets for these products both at home and abroad.

Hansol LCD will continue to work toward more advanced technological development, to create innovativeproduction solutions, and to dedicate itself to high quality as it grows to become a world leader in the LCDindustry.

Back Light UnitsWith the demand for BLUs for television sets expected to rise 20 percent or moreper annum in the foreseeable future, Hansol LCD continues to diversify the rangeof models it produces and is strengthening its developmental capabilities in thefield of optics, which is basic to the technology of BLU design. The company willalso improve its cost competitiveness through the internalization of theproduction of BLU parts and through TPS and, to maintain the highest level ofquality, is investing in quality-control infrastructure for training and productdevelopment.

InvertersBecause of the rapid growth of the LCD-TV market, the demand for inverters hasalso increased rapidly, and this product category has been selected as onupcoming source of profitability for the company. Hansol LCD is now producingmore models to apply to its own BLUs and is also working on deals to supply suchoverseas makers as Sony, AU Optronics, and Chi Mei Optoelectronics. Thecompany is also concentrating efforts on developing integrated inverter thatincorporate intelligent automatic contror functions.

LCD Parts Research CenterOn the basis of advanced optical, 3D, and prism-sheet light-guiding platetechnology, the LCD Parts Research Center is concentrating on the developmentof next-generation LCD parts, including BLUs and inverters. The center willcontinue to focus its efforts on responding to ever-changing customer needs withsolutions that are right on target.

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1. Precision quality-control testing of Back Light Units2. The manufacturing line for Back Light Units, Hansol’s main LCD product

- Hansol Back Light Units rated number one by Samsung SRR

- Hansol receives the top ranking among companies supplying Back Light Units to

Samsung Electronics

Hansol LCD | To be a leader that initiates change, a company has to be flexible and future-oriented, and it’s

those companies that are willing to position themselves right in the middle of the vortex of change that are capable of creating new

value. Hansol LCD is just such an enterprise, and thanks to its response to change, it has grown rapidly as it masters ever new

technology. The company specializes in liquid-crystal display (LCD) devices and their modules and components and is a leading

producer of Back Light Units (BLUs).

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Winning with product quality

Hansol CSN began as a provider of comprehensive logistic services to Hansol Group affiliates and to the paper-manufacturing industry in Korea and nowperforms third-party logistics (TPL) that support global supply-chain management (SCM) for client corporations.Expanding on the basis of its experience in the paper industry, the company now also provides specializedservice for the automotive parts industry, wholesale and retail sales networks, and the chemical industry.

Hansol CSN’s one-stop service covers every aspect and every stage of supply-chain management, therebysupporting higher levels added value and competitiveness for client companies.

Hansol CSN is also developing overseas logistics business and has established some strategic technical-assistance partnerships with logistics providers in advanced countries.

Domestic Logistics ServiceHansol CSN operates logistics centers in major cities around the countryincluding Seoul, Incheon, Gunsan, Jeonju, and Busan providing comprehensivetransport, warehousing, and stevedoring service and customer-oriented third-party logistics.

International Logistics ServiceHansol CSN has a global network of 60 partner companies operating 63 countriesand 100 major cities. Through this network the company provides comprehensivelogistics service for import and export, including transport by sea and air.

Consultation ServiceHansol CSN provides consultation services for clients to help them decide on thelogistics model that is most suited to their needs. This includes SCM consulting andreal-time data monitoring through the company’s Visibility and Monitoring Service.

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1. Hansol CSN’s logistics service is fast and accurate.2. Sorting deliveries at the Seongbuk Distribution Center3. Stevedoring shipping containers, an important part of our import-export logistics service

Dec 1999

Received the Ministry of Construction's Logistics Award for Industrial Packaging

Sep 1998

Received the National Railway's Iron Trophy for Industrial Merit

Hansol CSN | Hansol CSN is the innovative leader in supply-chain logistics, applying Internet-based

solutions to purchasing, transport, warehousing, and all other aspects of logistics.

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Internet-based, customer-oriented supply-chain logistics

www.hansolcsn.co.kr

Hansol Sol Park (Apartments) / Hansol Roygent Condo Complex / Ganghwa Choji DaegyoAT center for agricultural and marine productsHansol Group headquarters / The Gwangju Second Ring Road (116-1630)The 5th section of construction of the Suwon-Cheonan / Four-Track Electric Railway (116-1683)Construction of water-treatment facilities for the Wonju Municipal Waterworks (Stage 1)Second-stage development of housing lots in area 2-1 of the Yangsan-Mulgeum housing projectRoad-widening and paving project between Angseong and SancheokConstruction of KTF's Busan breeding facility

1. Hansol Group headquarters2. Hansol Richville3. Hansol Oak Valley Village Center

Hansol Construction’s services include architecture, civil engineering, and plant construction.The company has drawn considerable attention as the fastest-growing company in the history of the Koreanconstruction industry. Some of the projects that show off the company’s outstanding work are the Oak ValleyResort, The Hansol Group headquarters (which is a state-of-the-art intelligent building), The AT Center, ChojiDaegyo (connecting Ganghwa Island to the mainland), and Hansol Sol Park.

Hansol Construction truly places safety first and boasts an excellent record for safe construction. Thecompany’s capabilities and efficiency are greatly enhanced by its system of construction management, whichintegrates all aspects of its construction projects from the initial taking of orders, through planning, building,and maintenance.

Hansol Construction aims to become a leader in its field company that provides services of high added value.Focusing on people and quality of life, the company works hard to ensure that its projects are environmentallyfriendly.

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1998 Received the Korean Architectural Culture Award

1998 Received the Republic of Korea Environmental Culture Award

1999 Received certification for construction site safety

2001 Received the Korean Housing Culture Award for Outstanding Accomplishment

1999, 2004 Received the Presidential Commendation for Industrial Safety

Hansol Construction | Hansol Construction regards its work not as simply building things

but as the creation of a construction culture that places people and nature first. We are proud of our record of reliability.

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www.hansolcon.co.kr

Building for a better life

Hansol Development’s Oak Valley is a tourist resort that is renowned for its beauty and prestigious status. It is unique as Korea’s first eco-tourism resort complex that offer surroundings and leisure activities for allseasons and that appeal to all generations. The resort covers a vast 11.22 million square meters of land.

Attention to environmental detail and broadband Internet access in the Oak Valley condominium truly makethis the resort of the future.

Oak Valley-where leisure is abundantThis world-class resort boasts a European-style condominium designed by therenowned architectural firm of Wimberly Allison Tong & Goo (WATG) and a golfcourse designed by the legendary Robert Trent Jones, Jr., who is known forhaving created over 100 of the world’s most outstanding links. The golf village hastop-class restaurant and banquet facilities, a Mediterranean-style swimming poolthat blends the indoors with the outdoors, a health club, bowling lanes, a sauna,and an additional, public golf course.

Living up to its claim of being an all-season resort, Oak Valley will completeconstruction of its ski facilities. The ski village will include nine slopes ofinternational standard, a condominium with 240 rooms, and an 18-holemembership-only golf course.

In the resort’s Sculpture Garden visitors can enjoy the works of such renownedartists as Henry Moore, and the walking courses through the wooded areas offerthe pleasant sight of wild flowers and plants at all seasons of the year. Theexotically beautiful Oak Valley Church is another sight that is not to be missed.

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1. The guest rooms at Oak Valley are known for their high quality and comfort.2. The Mediterranean-style swimming pool blends the interior with exterior.3. An overview of the ski resort, scheduled for completion in 2006.

1998 Received the Grand Prize in the Korea Construction Culture Awards

2003 Ranked among the top ten Korean golf courses

(The Seoul Economic Daily Golf Magazine and Golf Digest)

Selected as a Republic of Korea Brand Star (in the resort category)

2004 For the fourth consecutive year, received a AAA rating for

quality service from the Korea Management Association

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Hansol Development | Hansol Development’s beautiful Oak Valley Resort brings together

nature, culture, and sports to take the enjoyment of leisure to a new dimension. Here’s a tourist resort with an emphasis on ecology

and quality of life.

www.oakvalley.co.kr

Rest&recreationwith elegance and prestige

With strong core capabilities based on experience in the engineering of environmentally sound paper mills for Hansol Paper, Hansol EME has broadening its horizons to provide engineeringservices not only for the paper-manufacturing industry but also forthe environmental industry, which is an area of promising growth.Hansol EME performs all aspects of engineering work including design, construction, operation, research anddevelopment, maintenance, and follow-up diagnosis, answering clients’ needs at every stage of their projectsand always striving to give full satisfacton.

Hansol EME’s total plant solutions faithfully fulfill the clients’ requisites for size, type, and environmentalstandards and are already garnering the company international recognition.

Environmental DivisionHansol EME began working with fluidized-bed incinerator technology with theinstallation of a fluidized-bed incinerator at Hansol Paper’s Daejeon Mill andsince then has built other such incinerators at Guri, Ansan, Seonam, Nanji, and inTaiwan, gaining wide recognition for its outstanding mastery of the constructionand management of incinerators for sludge and municipal waste. Now thecompany is expanding its environmental busiess to include livestock-manure,water-treatment plants, and other waste-treatment facilities.

MainTech DivisionHanol EME’s MainTech Division deals in maintenance technology for facilitydiagnosis and paper-mill maintenance. The company excels in the maintenanceof paper-manufacturing facilities thanks to the technology and skills accumulatedduring 30 years of work with Hansol Paper and has fully integrated these servicesinto this specialized division.

Plant DivisionHansol’s advance into plant engineering began in 1977 with the construction ofthe third newsprint plant at the Jeonju Mill of Hansol Paper (then known as PanAsia Paper Korea). Since then the company has acquired abundant experienceand in the design and construction of paper-making plants of various types andsizes, including the Janghang Paper Mill, the Daejeon White Duplex Board Mill,the Cheonan Special Paper Mill of Hansol PaTech, the Shanghai Newsprint Mill(coupled with a deinking system), the Egypt White Duplex Plant, and the VietnamDuplex Board Plant.

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1. Inspecting equipment with vibration-measuring equipment2. The Nanji Incineration Facility of Hansol EME, known as a leader

in the environment industry

2003 Received the Grand Prize in the Korea Awards for Competitiveness through Product Quality

(in the Environmental Project Technology Category)

2004 Received the Grand Prize in the Outstanding Innovative Enterprises Awards

(Technological Innovation Category)

2004 Received the Korea Management Association’s Grand Prize for Conservation Management

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Meeting technological challenges with total engineering solutions

Hansol EME | Hansol EME offers total engineering solutions covering environmental engineering,

maintenance, and plant engineering. Technical strength, the love of meeting worthwhile challenges, and creativity characterize Hansol

EME as an engineering business partner.

www.hansoleme.com

Nurturing human talent-another way Hansol creates valueThe Hansol spirit has served as the basis for personnel management that valuesand nurtures human talent in hiring practices, training, and evaluation. After theyjoin Hansol, employees take part in various educational programs of generaltraining, training specific to various themes, and training in internationalization.The company also provides support for appropriate educational pursuits thatemployess take up on their own.

Hansol Human Resources Hansol people are there for the client.Hansol people direct their efforts toward customer-satisfaction, always stayingaware of who the client is and what the client demands. They are able to placethemselves in the client’s shoes, gaining a full understanding of the client’sposition, which they are then able to apply to their role in the company’smanagement and operations.

Hansol people are highly creative specialists.Hansol people boast abundant creativity, which enables them to bring effectivenew approaches to bear on the work of becoming leaders of the information ageof the future. They have the individualistic character and openmindedness neededto meet the challenges and explore the possibilities that are opening up to us.

Hansol people are citizens of the world.Hansol people are internationally oriented, with a broad understanding of othercultures and the adapability needed to meet standards and expectations thatprevail internationally. Their goal is nothing less than to be the very best that theworld has to offer.

Hansol people are team workers.Hansol people aim to achieve both their personal goals and those of theorganization of which they are a part. They value and respect the ideas of othersand know the effectiveness of cooperation and coordination in moving their teamforward quickly toward shared objectives.

The lights are on 24 hours a day at Hansol’s research facilitiesEnterprises with inadequate programs of technological development cannot survive long inour increasingly globalized world. Hansol never settles for the status quo, relentlesslyconducting research and developing its own technologies. Hansol knows only too well thattechnological advancement is the key to a successful future.

Paper Research InstituteHansol established Korea’s very first institute dedicated wholly to research on paper andpaper-making at its Jeonju Mill in 1979. The institute conducts in-depth research in all aspectsof materials and processes used in paper manufacture and has led Hansol’s and the country’sdevelopment in these areas.

More specifically, the institute’s research efforts are directed toward such fundamentalaspects of paper-making as solving quality-control and manufacturing process problems,increasing productivity, and improving production processes. The institute is also conductingconcentrated research on printing technology, and is expanding into other areas that willcontribute to increased competitiveness in this age of globalization. The institute’s facilitiesinclude the country’s only pilot coater and the best printing and analysis equipment in Korea.

Chemical Research InstituteEstablished in 1986, the Chemical Research Institute is the source of technologies that aregiving Hansol Chemical its competitive power, working on the development of new businesslines for the company and raising the level of technology in its existing lines of business. Areasof focus include materials for data-processing (for which the institute developed Korea’s firstdye sublimation color ribbon), latex, and chemicals for paper-making and for environmentalpurposes. The outstanding level of the institute’s technology is reflected in its receipt of theJang Young Sil Award in 1994 and the KT Mark for new technology in 1996.

The institute will continue to contribute to increased sales and profitability for HansolChemical by developing technologies that increase the competitiveness of the company’schemical products and diversify its lines through work in the three primary areas of securingtechnology, developing environmentally friendly products, and improving materials forinformation processing.

Biological Sciences Research InstituteHansol Chemical’s Biological Sciences Research Institute was established in 2000 with a viewto developing new business areas for the company on the basis of the technology it alreadypossessed in the field of the synthesis of organic chemicals. In the early stages the instituteacquired some outstanding new technology through investments in domestic and overseasventures involved in bio-sciences and through strategic technical-assistance partnershipswith them. Now the institute is able to combine its original strengths with those acquiredthrough cooperative agreements to realize the development of its own unique technologies.The institute is working to become a leading outsourcing partner in the field ofpharmaceutical fine chemicals.

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1. Hansol Paper Research Institute in Daejeon2. A researcher conducts experiments at the Chemical Research Institute.3. Research workers at the Technological Research Institute.

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Hansol understands the value of people, the value ofculture, the value of societyActivities that contribute to society are nothing new to Hansol. Beginning as acompany that manufactures paper, Hansol immediately took up the task ofprotecting the environment and takes that task even more to heart today, in linewith the company’s new slogan for the 21st-century: Evergreen Hansol. Today,the dedication to making and keeping our society and our environment green is agroup-wide passion that makes all the Hansol companies contributors to a betterworld for all.

Social-Service ActivitiesHansol social-service activities include financial sponsorships and volunteerprograms conducted as part of sister relationships with various organizations.Volunteer work is regarded not as a duty but as a responsibility for bothemployees and management, who raise money for service programs throughsuch activities as charity bazaars and benefits. They see this work as one smallway of returning the affection that Hansol customers bestow on them.

Women employees of Hansol Paper formed the “Steppingstone Society” in1999. They make monthly visits to day-care centers, where they carry out a varietyof volunteer activities. At the Janghang Mill, the Daejeon Mill, and otherworkplaces, participants in the “Share One Percent of Your Love” program,providing support for the elderly who live alone and for families in which the headof the household is a minor.

Hansol Homedeco conducts annual campaigns for cleaning up our mountainsand streams, and the company has greatly increased employees blood donationsthrough its twice-yearly blood drives.

At Hansol Chemical volunteer groups provide daily necessities to thephysically handicapped, elderly patients, heads of broken families, and otherdisadvantaged members of society. They also participate in volunteer activities atfacilities for the handicapped and the elderly that are in the vicinity of thecompany’s workplaces.

Hansol LCD groups donate monthly supplies of food provisions through sisterrelationships with facilities for the physically handicapped. The company has alsoearned a name for itself as a good neighbor in the area of its Jincheon Plant,where it supports such regular events as its annual celebration of the traditionallunar-calendar First Full Moon, parties for senior citizens, and community meets.

Under Hansol Construction’s slogan of “Share the Love,” the entire companytakes part in social-service work, making monthly donations to “The Love Fund,”which is used to support facilities for the physically handicapped and homelessseniors. Also, all managers, staff, and other employees participate in weeklyvolunteer activities from March through December of every year.

Environmental Protection ActivitiesHansol, which has planted more trees than any other Korea corporation, began itsfirst reforestation project in 1966 in the Buan region and has continued carryingout such work ceaselessly to this day. Hansol Paper and other group companiesinvolved in businesses related to paper-manufacturing have for a long timeworked toward 100-percent clean operations through improved technology forwater-treatment and waste-recycling. The company’s nationwide mountain-and-stream campaigns are helping our nation protect the natural environment andclean up areas that have become environmentally degraded.

Hansol Paper’s high regard for nature and the environment is strongly reflected inits tree-planting efforts, which since 1966 have resulted in the planting of 43 milliontrees nationwide for an annual investment in the public interest of 110 billion won.

In 1993 Hansol Homedeco became Korea’s first company to conductafforestation projects overseas. The company has planted nearly 16,000 hectaresof eucalyptus trees in Western Australia and about 9,000 hectares of radiata pinesin New Zealand. This rates as a world-class effort in the history of afforestationand is recognized as a valuable step toward preventing further global warming, inline with international agreements on climate change.

Support for Culture and the ArtsA main part of Hansol’s overall commitment to society is a variety of activitiescontributing to the development of culture and the arts. The Hansol CulturalFoundation, which was established in March 1995 in accordance with the HansolGroup’s concept of “creating a better life through the coming together of nature,culture, and humanity,” is leading the group’ efforts to promote a better quality ofcultural life for the people of Korea.

Preserving our ancient heritage for coming generations and further developingthe legacy of Korean tradition to contribute to the creation of a society in whicheveryone has access to a high level of cultural enjoyment are the foundation’smission. Among the project’s it has carried out is the Oak Valley Sculpture Park,where nature and art live and breathe together. The foundation also holds variouscultural events and provides financial support for promising young writers.

Sports ActivitiesJust about all human beings can relate to sports in one way or another. They area source of dreams and aspirations and field in which people of diversebackgrounds can come together as one. Hansol supports a broad range of sportsactivities and, with the introduction of the five-day work week, is contributing tohelping the people of Korea spend some of their new-found leisure time in sportsactivities that will increase their well-being.

Since 1999 Hansol has held the Hansol Ladies’ Open, showing the world theoutstanding level of development women’s golf has reached here. Every yearbright new talent shows up at this representative event. The Hansol Korea TennisOpen is the country’s first event on the Women’s Professional Tennis Associationtour and attracts world-class stars, contributing to the growth in popularity of thissport in Korea.

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1. Management and employees actively participate in the company’s Share One Percent movement.2. Milling trees on Arbor Day3. Chairman Dong-Kil Cho presents the winner’s trophy at the Hansol Korea Tennis Open.4. Paper-craft dolls in the collection of the Hansol Cultural Foundation 1 2 3 4

HANSOL PAPERHeadquarters21st Floor, Hansol Bldg., 736-1Yeoksam-dong, Gangnam-gu, Seoul

Janghang Mill481-8 Hwacheon-ri, Janghang-eup,Seocheon-gun, Chungcheongnam-do

Daejeon Mill1674-2 Sinil-dong, Daedeok-gu,Daejeon

Cheongju MillSan 1 Sagok-ri, Gangnae-myeon,Cheongweon-gun, Chungcheongbuk-do

Cheonan Mill40-1 Haengjeong-ri, Gwangdeok-myeon, Cheonan, Chungcheongnam-do

Sangju Mill67-12 Oedap-dong, Sangju,Gyeongsangbuk-do

Technological Research Institute1674-2 Sinil-dong, Daedeok-gu,Daejeon

HANSOL HOMEDECOHeadquarters7th Floor, Hansol Bldg. , 736-1Yeoksam-dong, Gangnam-gu, Seoul

Asan Mill186-3 Munbang-ri, Inju-myeon, Asan,Chungcheongnam-do

Iksan Mill887 Palbong-dong, Iksan, Jeollabuk-do

HANSOL CHEMICALHeadquarters18th Floor, Hansol Bldg., 736-1Yeoksam-dong, Gangnam-gu, Seoul

Jeonju Mill816 Yongam-ri, Wanju-gun, Jeollabuk-do

Ulsan Mill231 Yeocheon-dong, Nam-gu, Ulsan

Life Sciences Research Institute413 Geumgang Hi-Tech Valley, 133-1Sangdaewon 1-dong, Jungwon-gu,Seongnam, Gyeonggi-do

HANSOL LCDHeadquarters4th Floor, E-Place Bldg., 719-24Yeoksam-dong, Gangnam-gu, Seoul

Jincheon Mill27-29 Hancheon-ri, Deoksan-myeon,Jincheon-gun, Chungcheongbuk-do

HANSOL CSNHeadquarters15th Floor, Hansol Bldg., 736-1Yeoksam-dong, Gangnam-gu, Seoul

Seongbuk Center124-2 Wolgye 3-dong, Nowon-gu,Seoul

Jeonju Center180 Palbok-dong 2-ga, Deokjin-gu,Jeonju

Gunsan Branch1582-37 Soryong-dong, Gunsan

HANSOL CONSTRUCTIONHeadquarters5th Floor, Hansol Bldg., 736-1Yeoksam-dong, Gangnam-gu, Seoul

HANSOL DEVELOPMENTOak Valley1016 Wolsong-ri, Jijeong-myeon,Wonju, Gangwon-do

Seoul Office1st Floor, Hansol Bldg., 736-1Yeoksam-dong, Gangnam-gu, Seoul

Imsil Office1-7 Dae-ri, Sinpyeong-myeon, Imsil-gun, Jeollabuk-do

HANSOL EMEHeadquarters8th Floor, Daejeon Ilbo, 274-7 Galma-dong, Seo-gu, Daejeon

Janghang Business Team481-8 Hwacheon-ri, Janghang-eup,Seocheon-gun, Chungcheongnam-do

Daejeon Business Team1674-2 Sinil-dong, Daedeok-gu,Daejeon

Cheongju Business TeamSan 1 Sagok-ri, Gangnae-myeon,Cheongwon-gun, Chungcheongbuk-do

Cheonan Business Team40-1 Haengjeong-ri, Gwangdeok-myeon, Cheonan, Chungcheongnam-do

HANSOL CULTURAL FOUNDATIONAdministrative Offices23rd Floor, Hansol Bldg., 736-1Yeoksam-dong, Gangnam-gu, Seoul

domestic network

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Global Fibres Inc. NY

Global Fibres Inc. LAHansol Shanghai Office

Hansol Australia Pty Ltd.

Hansol Guangzhou Office

Hansol Electronics Thailand (HET)

Hansol Shenzhen Office

Hansol New Zealand Ltd.

Hansol Europe GmbH (HEG)

Hansol Hongkong Ltd.

South China Paper Ltd.(SCP)

C.K.Fibres

Global Fibres Inc. NY

2 Executive Drive, Suite 750, Fort Lee,

NJ 07024 U.S.A

tel 1-201-461-7546

Global Fibres Inc. LA

17785 Center Court Drive, Suite 290,

Cerritos, CA 90703, U.S.A.

tel 1-562-809-3488

C.K.Fibres

3971 Boundary Road, Richmond,

B.C., Canada

tel 604-524-4627

Hansol Shanghai Office

RM 2410 New Town Centre No.83

Shanghai, China

tel 86-21-6209-4858

Hansol Guangzhou Office

RM 1609, South Tower, World Trade

Center, 371-375 Huanshidong Road,

Guanhzhou 510095, China

tel 86-20-8778-2013

Hansol Shenzhen Office

RM 709 Diwang Commercial BLDG.

Shennan Rd. Shenzhen China

tel 0755-246-1219

Hansol Hongkong Ltd.

25/F., Bank of Communications

Tower, 233 Gloucester, Wanchai,

Hongkong

tel 852-2803-4388

South China Paper Ltd. (SCP)

Nos 67-73 Fuk hi Street, Yuen Long

Industrial Estate, Yuen Long, N.T.,

Hong Kong

tel 852-2486-6100

Hansol Australia Pty Ltd.

Suite 3,136 Stirling Highway Nedlands,

Western Australia 6009

tel 61-8-9389-9366

Hansol New Zealand Ltd.

Level 20, ASB Bank Centre,135 Albert

Street, Auckland, New Zealand

tel 64-9-357-5053

Hansol Europe GmbH (HEG)

Ober Der Roeth 4, D-65824,

Schwallbach, Germany

tel 49-6196-927570

fax 49-6196-9275757

Hansol Electronics Thailand (HET)

168 Moo 1,Tambon Banbung Amphoe

Banbung, Chonburi Province 20170

Thailand

tel 66-38-444-101~4

fax 66-38-444-106

international network