it’s global dongwon - dong won fisheries co.,ltd. · 12 dongwon fisheries | 13 it's global...

DONGWONDONGWON FISHERIES CO., LTD.

dongwonIt’s GLOBAL

dongwon

04 C.E.O TELLS

06 SUCCESS HISTORY

08 INTRODUCTION

10 DEEP-SEA FISHING

14 BUSAN FACTORY

18 YOU WANG CO., LTD.

22 WEIHAI DONG WON FOOD CO., LTD.

26 SAN WON / WEI DONG FERRY CO., LTD.

28 YK FOOD SERVICE CO., LTD.

30 LOCATION of FISHING VESSELS

C O N T E N T S

It’s GLOBAL

Greetings from the CEO

In 1970, Dong Won Fisheries Co., Ltd started as a fishing company operating a trawler and tuna long liner, and has grown into a diversified seafood company, operating 18 deep sea fishing vessels, 3 local subsidiaries and 4 overseas companies including a seafood processing plant in China and cold storage facilities in New Zealand. with annual revenue of USD 150 million.

Our growth has been largely contributed to our spirit of challenge. We have always explored new areas in

the business field and fishing areas. These efforts have contributed to the development of Korea’s

fisheries industry and in becoming a leader in the world fisheries industry.

In the early 1970s, Dong Won’s efforts to secure a bridgehead in West African Sea with it’s Las Palmas

branch brought successful results, which helped pave the way for fishing operations for another 100

Korean vessels. The area was unexplored world to Korean companies in those days. During this process,

Dong Won contributed to development of new diplomatic relationship with Republic of Guinea Bissau

and Korean government honored Dong Won by awarding the Mok-Ryeon Jang, National medal.

In 1990 when Korea had not established diplomatic relationship with China yet, Dong Won took a leading

role in the establishment of Weidong Ferry Co., Ltd. which operates car-ferries between Korea and China.

It has grown into a company with over USD 100 million in annual revenue and USD 12 million in net profit.

Dong Won is concentrating on further expanding its business to the world by using Weihai Dong Won

Food, a speciailized seafood processing company established in Weihai China, and Sanwon, located in

Timarua, New Zealand, as overseas bridges into Japan, U.S.A., E.U. and other countries.

With the principle of customer satisfaction, Dong Won promises that we will not spare any efforts to

provide high quality service and contribute to the improvement of our customers’ health by increasing our

capacity and specialization in maritime, food and distribution areas based on our long experience in deep

water fisheries and seafoods distribution.

President Ki Choul WangDong Won Fisheries Co., Ltd.

Dear shareholders, partners and customers

Dongwonvision for you!

C.E.O tells

Dongwon Fisheries | 0504

1995. 11. 02 Established Weihai Dong Won Food Co., Ltd.

an foreign invested company food company in China

Plant No. 1: 2,500M/T

Plant No. 2: 3,000M/T

Processing capacity: 41M/T daily

1995~Weihai Dong Won Food Co., Ltd. was established in Weihai, China with total

capital USD 5 million, which reached USD 7.2 million in 2004 resulting from successfully attracting foreign investments, including New Zealand. In 1998, Plant No. 1 was built with conveyor belt systems set up at all of the plant's processing lines for automatic manufacturing processes. In particular, the cold storage and water purification system were equipped with state-of-the art sanitation facilities. Construction of Plant 2 was completed on June, 2005. Processing around 5,000 MT of products per year.

2004. 04. 20 Established You Wang Co., Ltd. in Busan a sashimi grade tuna processing company Processing capacity: 3,500M/T2004. 07. 15 Merged with Dong Hwa Food Co., Ltd. with wholly-owned2005. 07. 02 Completed 2nd Factory of Weihai Dong Won Food Co., Ltd.

2004~Dong Won established You Wang Co., Ltd. a company specializing in processing

and selling tuna for sashimi with an emphasis on producing high quality tuna products. Seeking business diversity and management rationalization, Dong Won merged with Dong Hwa Food Co., Ltd, a producer of bread crumb goods and wholly-owned company of Dong Won. the annual turnover is USD 36 million.

1996. 05. 31 Awarded Silver Tower Industry Medal on the First Ocean's Day1996. 11. 22 Listed in KSE1996. 11. 26 Established San Won Ltd. a foreign invested company, in New Zealand1997. 11. 30 Awarded USD 50 million Export Tower on the Day of Trading1998. 04. 16 Completed Freezing Warehouse San Won Ltd., in New Zealand1998. 05. 26 Completed Weihai Dong Won Food Co., Ltd. a foreign invested company in China

1996~Dong Won was listed on the Korea Stock Excahnge and witnessed an

increase in its capital to USD 10 million and awarded with Silver Tower Industry Medal on the First Ocean's Day. In 1999, it successfully issued and converted overseas CB of USD 5 million. The company also established San Won Co., Ltd. an overseas corporation in New Zealand equipped with a cold storage warehouse with capacity to store 5,000 tons of products. In 2002, the capacity of the warehouse was increased to 10,000 tons.

2010. 04. 02 Increased it's capital (allotment to the third party)2010. 05. 10 Established foreign investment corporation Weihai Yoon Kook Trading Co., Ltd. in China2010. 10. 01 Developed food business division2011. 06. 20 Acquired HACCP certificate2011. 10. 07 Established Yoon Kook Food Co., Inc.2012. 01. 05 Established YK Food Service, a joint venture company, with Plenus Co., Ltd. a Japanese company2012. 06. 28 Opened the 1st HottoMotto lunchbox shop in Apagujeong-dong2012. 09. 10 Open the 2nd HottoMotto luchbox shop in Kuro-dong

Dong Won added Food business division for development of new products with consumer trend, reinforcing the capability in rapidly changing circumstances, boosting e lect ron ic commerce . a lso i t 's Busan p lant have Certification of HACCP. Also Dong Won established YK Food Service, a joint-venture company with Plenus of Japan to introduce HottoMotto lunchbox into Korea market. It has a plan to open 5 direct management shops by the end of 2012.

2010~2012

World challenge, towards the wild whirlwindDongwon Korea is a history of the fishing industry.

1970. 05. 05 Established Dong Won Fisheries Co.,Ltd.1971. 08. 08 Established a local branch in Las Palmas, Spain1984. 02. 10 Received Export Industry Award

1990. 09. 12 Established Wei-Dong Ferry Co., Ltd. a foreign invested company in China

- New Golden Bridge Ⅱ 27,000G/T - New Golden Bridge Ⅴ 30,000G/T1990. 12. 06 Established Dong Hwa Food Co., Ltd. by the induction of foreign capital

1985. 07. 01 Established overseas branch office in Timaru

1970~ Dong Won Fisheries Co., Inc. (Dong Won) was established on May 5, 1970

with total capital of USD 64,516 to conduct various businesses: deep-sea fishing: marine product processing: freezing and cold storage: and other relevant businesses. The company's capital now stands at USD 14 million and records an annual sale of USD 150 million.

1985~A overseas branch was set up in Timaru, New Zealand for trawl fishery. We and

Sanford who has the largest fishing quota, maintain a strong cooperative relationship. We are currently operating three vessels catching about 20,000 MT per year, catching mainly squid, hoki, and hake.

1987~Frozen food processing plant and cold storage factilities were established in

Busan. Dong Won is making its utmost efforts to utilize environment friendly raw materials, with an aim of supplying products satisfying customer needs.

1990~Before the establishment of the Korea- China diplomatic relations, Dong Won

jointly founded Wei Dong Ferry Co., Ltd. to operate ships with containers as well as passengers between Incheon and Weihai and between Incheon and Qingdao, Which helped boost bilateral trade between Korea and China.

1987. 11. 28 Completed the Factory No. 1 in Busan1987. 11. 30 Awarded USD 20 million Export Tower trophy on the Day of Export1989. 12. 06 Completed the Factory No. 2 in Busan

dongwon Sucess story; Since 1970

Dongwon historyDongwon Fisheries | 0706


D o n g w o n I n t r o d u c t i o n

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Dongwon Introduction

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It's Global DongwonDONGWONDONGWON FISHERIES CO., LTD.

WEIHAI DONG WONFOOD CO.,LTD.


Trawl fishing vessel

Cold Storage & Processing Factory in Busan, Korea

2

1Weihai Dong Won Food Co., Ltd. (China)

San Won Ltd. (New Zealand)

Tuna long liner fishing vessel 5

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Trawl Fishing


Fishing vessels

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• Entered New Zealand waters early 1980. (Currently operating 3 trawl vessels)• New Zealand pure sea area is well-recognized as one of the best managed fishing areas in the

world and is expected to remain unchanged in future.• Vessel operation is based in Timaru, located in the South Island, New Zealand has dedicated better

efficiency in fishing operation including loading/unloading, distribution, storage, etc.

Deep-Sea Fishing

Trawler, Dong Won No. 701

Main catching species: Squid, Hoki, Hake, Barrcouta, Jack mackerel, Ling, Silver Warehou, etc.

Name of Vessel Tonnage G/T Fishing Ground

DONGWON NO. 519 665

New Zealand Economic ZoneDONGWON NO. 530 815

DONGWON NO. 701 1,900

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D e e p - S e a F i s h i n g

Catching fishes


It's Global Dongwon

Main catching fishes: High quality sashimi grade tuna such as southern blue fin, yellow fin, big eye and albacore.

Name of Vessel Tonnage G/T Fishing GroundDong Won No. 617 414 Pacific Ocean

Dong Won No. 618 417 Pacific Ocean

Dong Won No. 619 417 South Indian Ocean



Dong Won No. 622 424 South Indian Ocean










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Tuna long line vessel, Dong Won No. 620

Catching fishes


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Tuna Long Line Fishing• Main fishing Area: The Pacific, The Atlantic, Indian Ocean.• Freeze the tuna ultra cold storage (under –60°C) without any delay after catch to guarantee the quality and freshness. • Annual Catch: approximately 5,000MT.• Majority of high quality tuna is processed in You Wang Co., Ltd, a subsidiary of Dong Won. • Main exporting country: Japan, Europe etc.

Frozen Seafoods Business


Cold Storage Business

Capacity

Classification

Space (㎡) Capacity (M/T)Temp (℃)

1 Factory 2 Factory Total 1 Factory 2 Factory TotalCold 10,077.60 2,227.94 12,305.54 9,913 2,032 11,945 -21~-25

Ultra-Cold 1,244.97 1,075.21 2,320.18 515 560 1,075 -55

Total 11,322.57 3,303.15 14,625.72 10,428 2,592 13,020 -

• Construct advanced facilities to guarantee to provide the best service in cold storage business to our customers.

• Develop new technology to store seafoods during the limited catching season and it would be able to guarantees sustainable supply of seafood to customers.

• Continue the best effort to link supply and consumption of seafoods in efficient way and maximize consumer satisfaction.




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com • Location: Shinpyung-Dong, Busan

• Bread crumbs production• Tuna Processing• Freezer and refrigerator Business• Frozen seafood processing• Acquired HACCP certificate

• Apply high and strict standard to product quality and hygienic condition of suppliers’ processing factories.• Use raw materials caught by Dong Won vessels in uncontaminated deep sea.• Use quick freezing and distribute products under -18°C in order to guarantee taste, freshness, and nutrients. • Deliver real taste of seafood to consumers. • Main Products: Breaded Hoki, processed seafood for food service, frozen ready to cook products.

Busan Factory

Classification Contents

Completion Date1st Factory: 1987. 11. 282nd Factory: 1989. 12. 06

Plottage Area 9,310㎡

Building Area 7,117.17㎡

Total Area 29,505.99㎡

Scale B1 to 7F

Production capacity Bread crumbs: 1.8MT/Hour

Cold, refrigeration capacity 12,000MT

Processing Ability 15Ton/Day

Ultracold capacity 3,200MT

Refrigerant Freon Gas

Production Bread Crumbs Products, Fisheries frozen foods

B u s a n F a c t o r y

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Bread Crumbs Processing Business





• Domestic catch: Fisheries products caught in local seas. • Imported products: Fisheries products in China, U.S.A., Las Palmas, New Zealand, Oman, Pakistan

and Indonesia fishing area.

Fresh bread crumbs(Japanese style tonkatsu)

20m/m Color 7m/m

Fresh bread crumbs(General)

Color 7m/m

Dry bread crumbs

Fresh bread crumbs Products coated with our Fresh bread crumbs

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• Produce bread crumb with technical support of Japanese bread crumb company. • The bread crumb is used as an ingredients of frozen food. • Produce functional bread crumbs based on many years experience and know-how.• Develop a hygienic control system focusing on hazard in food processing. • Main Exporting Countries: India, Hong kong, Canada.


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Production capacityDaily production capacity 22tons (1,800kgs/hour)

Monthly production capacity 600tons (raw bread crumb)

Main facilitiesType Capacity Type Capacity Type Capacity

Air Shifter 100㎏/M Mixing machine 1,600㎏/H Measuring room 16.55㎡

Lifter - Dividing machine 1,600㎏/H Molding machine 1,600㎏/H

Fermentation room 49.65㎡ Electronic oven 1,200㎏/H Cooling room 99.30㎡

Grinder 2,400㎏/H Metal detector 2set Drying machine 400㎏/H

Storage room 66.20㎡Automatic weighing

machine6cycle/M - -


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Business Items

BluefinTuna

You Wang's Business

It's Global Dongwon


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• Established for sashimi grade tuna processing and sales.• Acquired HACCP certification with up-to-date processing facilities.• Vertically integrated, where Dong Won supplies sustainable raw material and provide tuna products through its domestic and overseas sale channels in timely manner.• Use high quality raw materials with quick freezer (under –60°C) in order to preserve fresh taste and nutrients of tuna.• Provides various sashimi tuna products processed upon on customers’ request. They are sold in domestic market and exported to Japan.

You Wang Co., Ltd.

Tuna Processing

Second quadrisection Removal of skin

Metal detection Finished products

Bringing of tuna raw material

Trimming of surface

Information

Facilities

Processing space: 1,100㎡

Ultra cold storage and other facilities: 2,800㎡

Offices: 180㎡

Processing CapacityMax Processing : 20MT/Day (6,000MT/Year)

Ultra cold storage capacity: 3,159MT MAX

Corporate History

2004. 04 Established You Wang Co., Ltd.

2004. 07 Completed processing facilities and office

2004. 08 Started processing and business

2004. 08 Shipped first processed product

2004. 09 Contracted domestic distribution agencies (4companies)

2004. 12 Recorded the black-ink balance in its first year

2007. 03 Made first dividend payments with surplus

2009. 09 Acquired HACCP Certification

Main Corporate History

Y o u W a n g C o . , L t d .

Names and Features of Tuna Parts


It's Global Dongwon

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Tuna

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Akami medium quality

Otoro (High grade quality Toro) Chutoro (Medium

grade quality Toro)

Akami lower-grade

Akami high qualityAkami lower-grade

Blood point

Setore

Otoro

Chutoro

Akami

Belly

Back

• Different parts of tuna have different tastes and flavors as well as different nutritional factors.

• Tuna sashimi is made of tuna that is ‘super frozen’ at -60℃ immediately after being caught in deep, contamination-free waters. This flash-freezing process ensures the fresh color, taste and texture of tuna remain intact.


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Tuna Products

Weihai Dong Won Food’s Business


It's Global Dongwon

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• Located in the Weihai economic and technical development zone designed by the state council of China.

• It’s proximity to the ports of Qingdao, Yantai and Weihai allows for quick and efficient import of raw material and export of finished products to our customers.

• It is a joint venture company with Sanford, the largest fishing company in New Zealand and Dong Won Co., Ltd.

• Main Products: Breaded Hoki, Breaded Squid, Squid Ring, Broiled fish, Skin-on Fillets, Skinless Boneless fillets, Kelp Noodle etc.

• Main export markets: Japan, USA, Oceania, Europe & Korea.

Weihai Dong Won Food Co., Ltd.



Weihai dong won foodMain Corporate History

Information

Location China Weihai city, Shandong province economic and technical development zone, Hainan road 15

Plottage Area 20,501㎡

Floor Space First Factory: 10,599.72㎡ / Second Factory: 7,330.48㎡

Production capacity 41MT/Day (8hour)

Cold, refrigeration capacity First Factory 2,500M/T, Second Factory 3,000M/T

Processing Products First Factory: Fillets Product (Alfonsino, Dory, Etc) / Second Factory: Breaded Hoki Products

Main FacilitiesFreezing and cold storage facilities:

Tunnel freezer, high power freezer, steel belt freezer, spiral freezer, plate freezer

Corporate History

1995. 11 Established with the approval of the Weihai Industry and Commerce Bank of China

(Capital: US $ 2,500,000)

1998. 05 Began processing in Factory No. 1

2004. 08 Attracted foreign capital from Sanford Ltd of New Zealand

2005. 07 Built Factory No. 2

2005. 12 Acquired BRC (British Retail Consortium) certification

2006. 06 Acquired MSC (Marine Stewardship Council) CoC (Chain of Custody) certification

2007. 03 Approved by USDC Seafood Inspection Program

2009. 04 Incresed Sanford's shares up to 50% with Sanford Ltd (Gross capital US $ 2,500,000)

W e i h a i D o n g W o n F o o d C o . , L t d .

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It's Global Dongwon



• Breaded Hoki, Bite Size • Bread Squid • Breaded Hoki with seasoning

• Breaded squid rings • Squid rings • Starched Hoki, bite size

• Skinless fillets • Skinless, boneless fillets • Skin-on filletsww

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Plant #2

Processing Room 18 3,665

Spiral freezer 2 Mesh Belt Freezer 1

Plate Freezers 2TOTAL 41 7,888 -

Manufacturing capability and equipment by processing room

Plant #1

Processing Area Production Capacity (Ton/8hrs) Dimension(㎡) Special Equipment

Processing Room #1 5 1,024 Mesh Belt Freezer 1, Steel Belt Freezer 1

Processing Room #2 1 304 Cabinet Freezers 2

Processing Room #3 3 836 Mesh Belt Freezer 1, Cabinet Freezers 2

Bread Crumb Factory 5 790 Breadcrumb manufacturing equipment

Grilled and Steamed Fish Processing Room 1 271 Automatic Grilling machine

Processing Room #4 5 522 Mesh Belt Freezer 1

Processing Room #5 3 476 Mesh Belt Freezer 1

SUB TOTAL 23 4,223 -


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Products

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NEW ZEALAND

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San Won Ltd. New Zealand

View of San Won Ltd.

New Zealand

• In 1998, established San Won Ltd in Timaru, New Zealand with Sanford Ltd, the largest fishering company in New Zealand.

• Cold storage with 5,000 MT capacity with investment of NZ $ 4 million.• Expanded storage capacity to 10,000MT in 2002 to store fishes species for exporting.

Main corporate history

Wei Dong Ferry Co., Ltd.

Car ferry of Wei Dong Ferry Co., Ltd.

Information

Corporate History

1990. 07 Both countries made agreement regarding with a Korean-Chinese joint ferry venture

1990. 08 Established Wei Dong Ferry Co.Ltd, a Korean-Chinese joint venture

1990. 09 Set up the first sea route for car ferry between Incheon and Weihai

1993. 08 Set up a new car ferry route between Incheon and Qingdao

2000. 01 Introduced NEW GOLDEN BRIDGE Ⅱ(27,000G/T) (3times/week)

2004. 01 Introduced NEW GOLDEN BRIDGE V (30,000G/T) (3times/week)

2007. 06 Opened joint container ship service (Pyung-taek, Qingdao, Shidao)

• Dong Won and Weihai City Shipping Association Co., Ltd took a leading role in establishing car ferry business between Korea and China in 1990.

• Dong Won and 6 other Korean investors hold a 50% share and 2 Chinese investors hold the other 50%.

• The name Wei Dong Ferry, is a combination of “Wei” of Weihai City, and Dong from Dong Won.

• The ferry business began with the New Golden Bridge II (2), a luxury car ferry vessel (27,000TON). The ship has shuttled back and forth between Inchoen and Weihai, 3 times per week.

• The Golden Bridge V (5), a new ferry, was introduced in May 1995 and has shuttled back and forth between Incheon and Qingdao 3 times per week.

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ESSan Won’s Business Wei Dong Ferry’s Business

It's Global Dongwon


YK Food Service Co., Ltd

YK Food Service Co., Ltd

WWW,ykfood.com

WWW,ykfood.com

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• 2011. 12. 07 Signing ceremony to establsih YK Food Service, a joint venture company by Dong Won and Plenus. to operate new lunch box franchise business in Korea.

• 2012. 01. 05 Established YK Food Service (Head Office: Seoul).• YK Food Service is planning to open 1,000 franchise stores within 5 years. • Plenus is top level franchise company in Japan. It has the biggest market share and know-how to

operate lunch box and dinning business industry in Japan market. • Plenus sells about 300,000,000 lunch box every year. it is a top record not only in Japan but also in the world. • Dong Won has 20 years experience in production and sales of food products for lunch box, which

enable to provide high quality food product at highly competitive price. HottoMotto brand in Korea which will be contributed by both companies is expected to take a leading role in Korea lunch box industry.

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YK Food Service Co., Ltd.

Signed a joint venture with HottoMotto

Y K F o o d S e r v i c e C o . , L t d .

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YK Food Service’s Business Main Menu Photos

DONG WON FISHERIES CO., LTD.ADD : DongJoo Bldg, 824-24, Yeoksam-Dong,

Gangnam-Gu, Seoul, Korea

TE L : 82-2-528-8000

FAX : 82-2-564-1300, 564-1301

Home Page : http://www.dongwonfish.co.kr

BUSAN OFFICE AND FACTORYADD : 569-34, Shinpyung-Dong, Saha-Gu, Busan, Korea

TE L : 82-51-201-1212, 201-0055

FAX : 82-51-202-1215, 206-2715

NEW ZEALAND BRANCHADD : Hall Street, North Mole, Timaru, New Zealand

TE L : 64-3-688-3172~3

FAX : 64-3-688-9086

YOU WANG CO., LTD.ADD : 569-34, Shinpyung-Dong, Saha-Gu, Busan, Korea

TE L : 82-51-202-6622

FAX : 82-51-202-6612

WEIHAI DONG WON FOOD CO., LTD.ADD : Hainan-Lu 15, Economic and Technical

Development Zone, Weihai, Shandong, China

Weihai Dong Won Food Co., Ltd.

TE L : 86-631-592-8402~3

FAX : 86-631-592-8404

WEI DONG FERRY CO., LTD.ADD : #1005, Sung Ji Bldg, 538, Dohwa-Dong,

Mapo-Gu, Seoul, Korea

TE L : 82-2-3271-6710 / FAX : 82-2-3271-6770

Affiliates Contact Point

Locations of Fishing Vessels

CHINAWEIHAI FACTORY

YOU WANG CO.,LTD.

WEI DONG FERRY CO.,LTD.

BUSAN OFFICE AND FACTORYEurope

Asia

Africa

Middle East

Oceania

North America

South America

Pacific Ocean

Southern Ocean

Atlantic Ocean

Arctic Ocean

Indian Ocean

SEOUL KOREAHEAD OFFICE

NEW ZEALANDTIMARU OFFICE

SAN WON LIMITED.ADD : PO Box 553, 90 Ritchie Street, No.1 Wharf,

Timaru, NewZealand

TE L : 64-3-688-6670

FAX : 64-3-688-5580

YK FOOD SERVICE CO., LTD.ADD : DongJoo Bldg, 824-24, Yeoksam-Dong,

Gangnam-Gu, Seoul, Korea

TE L : 82-2-528-8250 / FAX : 82-2-528-8251

Home Page : http://www.hottomotto.co.kr

STERN TRAWLER

TUNA LONG LINER

Dongjoo Bldg, 824-24, Yeoksam-Dong, Gangnam-Gu, Seoul, Korea

Tel : 82-2-528-8000 | Fax : 82-2-564-1300~1 | http://www.dongwonfish.co.krDONGWONDONGWON FISHERIES CO., LTD.

It’s GLOBALD0NGWON

it’s global dongwon - dong won fisheries co.,ltd. · 12 dongwon fisheries | 13 it's global...

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