R2Korea Real Estate Investment Advisory Inc.R2Korea Real Estate Investment Advisory Inc.

R2Korea

Real Estate Investment Advisory Inc.

Company History

Dec. 1998 R114, Inc., Sister Company, Established

Dec. 1999 Real Estate Research Center, R114, Established

Nov. 2000 R2Korea Established

Jun. 2001 Web Site Opened

(http://www.R2Korea.co.kr)

Oct. 2001 Registered to MOCT as a Real Estate

Investment Advisory (License # 2001- 6)

Nov. 2001 Company Name Changed to

R2Korea Real Estate Investment Advisory Inc.

Sep. 2003 Designated as Advisory Organ of Korea Local Administration Officials' Mutual Fund

Nov. 2003 R2Korea Property Managers, Established

Aug. 2005 Designated as Deputy Advisory Organ of National Pension Corporation

Nov. 2006 Affiliated with IPD, British Index Company

Dec. 1998 R114, Inc., Sister Company, Established

Dec. 1999 Real Estate Research Center, R114, Established

Nov. 2000 R2Korea Established

Jun. 2001 Web Site Opened

(http://www.R2Korea.co.kr)

Oct. 2001 Registered to MOCT as a Real Estate

Investment Advisory (License # 2001- 6)

Nov. 2001 Company Name Changed to

R2Korea Real Estate Investment Advisory Inc.

Sep. 2003 Designated as Advisory Organ of Korea Local Administration Officials' Mutual Fund

Nov. 2003 R2Korea Property Managers, Established

Aug. 2005 Designated as Deputy Advisory Organ of National Pension Corporation

Nov. 2006 Affiliated with IPD, British Index Company

Company Profile

C.E.O - Lee, Hyun

Paid-in Capital - KRW 1,000,000,000

Employee - 18 persons

Date of Establishment - Nov. 2000

Major Business Line - DB-Based Market Research

- Development Consultancy Service

- Investment Analysis & Evaluation

- Corporate Service

- Education & Publication

Affiliated Company - R114, Inc.,

- R2 Property Managers, Inc.

C.E.O - Lee, Hyun

Paid-in Capital - KRW 1,000,000,000

Employee - 18 persons

Date of Establishment - Nov. 2000

Major Business Line - DB-Based Market Research

- Development Consultancy Service

- Investment Analysis & Evaluation

- Corporate Service

- Education & Publication

Affiliated Company - R114, Inc.,

- R2 Property Managers, Inc.

Management - Directors

C.E.O.

Directors

Hyun LeePh.D., Urban and Regional Planning, Univ. of Southern California, USA Housing Research Institute, Korea National Housing Corporation / Hyundai E&C

Certified Professional Appraiser, RE Broker Master of Real Estate, SungKyunKwan Univ. Korea Appraisal Board

Jong Hyun Hwang

June Sir Lee Financial Advisory DivisionMA, University of Missouri-ColumbiaReal Estate 114, Arthur Andersen, Dongsuh Securities Co.

Chung Youn Joo Certified Real Estate Broker MBA, Chonnam Univ. KITA

Jung Ryul Seo Ph. D., Urban Planning, Kyungwon Univ. Housing Research Institute

Management - Advisory Committee

▪ Kee Woong Park (Attorney at Law, Partner, Jeesan Law Firms)

▪ So Han Lee (Professor, Dong-kuk Univ, Ph.D., Finance, UWisconsin)

▪ Soo Beom Lee (CEO, Nemo Partners, MBA, Stanford Univ.)

▪ Yong Man Lee (Professor, Han-sung Univ. Ph.D., Economics, Yonsei

U)

▪ Jae Won Lee (Professor, Pu-Kyung National Univ. Ph.D., PA, SNU)

▪ Wan Ik Chang (Attorney at Law, Partner, Haemaru Law Firms)

▪ Young Hak Chung (CPA, Partner, Fine Accounting)

▪ Eui Chul Chung (Professor, Kun-Kook Univ. Ph.D., Economics, OSU)

▪ Chang Moo Lee (Professor, Seoul City Univ. Ph.D., Planning UPenn)

▪ Tae Ho Lee (CPA, Partner, Samil PWC)

▪ Hyun Suk Lee (Professor, Kun-Kuk Univ, Ph.D., Real Estate Cornell U)

▪ Jae Man Lim (Valuer, Professor, Dae-gu Univ. Ph.D. Economics, Yonse

i)

▪ Young Il Jang (CEO, Young-Jo Const. Ph.D., Urban Planning, SNU)▪ Eui Joon Kim Professor, Seoul National Univ. Ph.D., Regional Science Cornell Univ., USA)

Organization

Commercial Development Team

Financial Advisory Team

Market Analysis Team

Research Team

ConsultingDivision

ResearchDivision

Planning & Admin.Division

Managing Director

CEOTotal: 16 Professionals

InformationInformation ResearchResearch TechnologyTechnology NetworkNetwork

Market Research & Database

Know-How

People

Analysis Model

Knowledge

Minimization of

the Investment

Risk

A Total Solution for Your Real Estate Business

DB-based Market Research and Development Consultancy ServiceDB-based Market Research and

Development Consultancy ServiceResidential and Commercial Development Project Feasibility

Study

Real Estate Valuation Model and Solutions

Residential and Commercial Development Project Feasibility

Study

Real Estate Valuation Model and Solutions

Investment Analysis and Evaluation

Investment Analysis and Evaluation

Profitability Analysis

Real Estate Fund Pricing

Valuation and Pricing for Newly Developed Projects

Profitability Analysis

Real Estate Fund Pricing

Valuation and Pricing for Newly Developed Projects

Real Estate Data-Base Service

Real Estate Data-Base Service

Commercial Banks, Institutional Investors, Construction

Companies

Property Management Companies

Research Institutes

Commercial Banks, Institutional Investors, Construction

Companies

Property Management Companies

Research Institutes

Tenants RepLandlord Service(on and off Line)

Tenants RepLandlord Service(on and off Line)

Leasing and Transaction Services

Internet Service : Linked to R114.co.kr, the best real estate

portal in Korea

Leasing and Transaction Services

Internet Service : Linked to R114.co.kr, the best real estate

portal in Korea

A Total Solution for Your Real Estate Business

Education & PublicationEducation & PublicationContinuing education for professionals

R2Market Report (Monthly)

Office Market Report (Quarterly)

Continuing education for professionals

R2Market Report (Monthly)

Office Market Report (Quarterly)

Core Competence

Scientific Real Estate Information

Scientific Real Estate Information

Weekly, Monthly and Quarterly Survey of Properties

Market and Investment Indices of Residential and Office

Buildings

Weekly, Monthly and Quarterly Survey of Properties

Market and Investment Indices of Residential and Office

Buildings

Analysis Models & SolutionsAnalysis Models & SolutionsReal Estate Evaluation Model

Forecasting Model of Residential Market

Asset Management Solutions

Real Estate Evaluation Model

Forecasting Model of Residential Market

Asset Management Solutions

Network &

Strategic Alliances

Network &

Strategic Alliances

Samil PWC

Samsung Life Insurance, Inc. , Daewoo Securities, KB B

ank, Hana Bank

Samsung Corporation Housing & Development Group

CERIK, KAPA, KMCC ratings

Samil PWC

Samsung Life Insurance, Inc. , Daewoo Securities, KB B

ank, Hana Bank

Samsung Corporation Housing & Development Group

CERIK, KAPA, KMCC ratings

Real Estate Policy & Strategy Consulting

Researches for Policies and Strategies for Public Institutes

Researches for the Business Strategy of Real Estate Industry

Researches for Policies and Strategies for Public Institutes

Researches for the Business Strategy of Real Estate Industry

-Ministry Construction & Transportation, Improvement Method of Remodeling system-Kyobo Insurance Co. Research on the Tenant Satisfaction-Samsung Co., Strategy for New Town Development -Samsung Co., Market Penetration Strategy for Rental Housing Business-Daewoo Construction, Strategic Planning for Entering the AMC Market & Real Estate Fund Management

-R114, Strategic Planning for Franchise Business of Realtors-Kyonggi Research Institute, Research on the Strategy for Re-development & Re-construction in Kyonggi -Seoul Metropolitan City, Research on the Low-Density Housing in Seoul -Seoul Metropolitan City, Estimate for Optimum Rent for Public Rental Housing

-Daedeok Techno Valley Co., Marketing Strategy of the Commercial-Lot in DTV-R114, Research on the Strategy for the Tenant Management Business

-Samsung Co, Building for Biz Model of Private rental Housing Construction -Korea Land Corp., E-Biz Strategy of Real Estate Industry

2001

2002

2003

2004

2005

Real Estate Policy & Strategy Consulting

-Daedeok Techno Valley Co., Strategic Planning for the Ball Park in DTV’s Athletics Lot

-Serveone Co., Research on the Tenant Satisfaction

2001

2002

2003

-CERIK, Seminar on the Prospect of the Construction & Real Estate Industry

-Koreits, Office Market Analysis and Forecast in Seoul

-CERIK, Prospect for Construction Economy in 2002

-Financial News, Survey on Professional Opinion on the Real Estate Market

-CERIK, Seminar on Impacts of Tax Reform on the Real Estate Market

-Samsung Life Insurance Co., Seoul Office Market Analysis & Reits in Korea-Financial News, Survey on the Professional Opinions for the Real Estate Market-Seoul Development Institute, Research on the Demand and Supply of the Office Building in Seoul,

-POSCO, Analysis of the Real Estate Market Trend

-GE Real Estate Korea, Office Market Analysis in Seoul

Providing the Market Analysis Information on Residential and Office Sector

Holding Conferences and Seminars

Conducting the Professionals Opinion Survey on Real Estate Market Forecast

Providing the Market Analysis Information on Residential and Office Sector

Holding Conferences and Seminars

Conducting the Professionals Opinion Survey on Real Estate Market Forecast

Market Analysis & Forecast

Market Analysis & Forecast

2004

2005

-R114, Apartment Market Forecast Model

-Lotte Engineering & Construction, Analysis of the Real Estate Market Trend

2006 -Hibrand, Office Market Analysis

Development Consulting

Residential / Commercial Real Estate Development Projects

Remodeling & Redevelopment

Market Survey for Development Projects

Residential / Commercial Real Estate Development Projects

Remodeling & Redevelopment

Market Survey for Development Projects

2001 -Kolon Construction, Feasibility Study on the Remodeling of K Hotel

-Youngjo Housing Co, Feasibility Study on the Rental Apartment in Daegu

-Kyobo Insurance Co, Research of the Tenant Satisfaction

-Seoul Bank, Profitability of the Kangnam Town- II & Feasibility Study of

the Flat Type Factory

-Naewae Architect & Engineering, Feasibility Study on the Reconstruction of the

Yeido H-Building

-Hyundai Engineering & Construction, Market Research for Development of the Suwon

Convention City 21

Development Consulting

2002 -Hana Bank, Feasibility Study on the Residential Development Plans in Haewondae &

Bujeon-dong, Busan

-World Construction. Feasibility Study on the Remodeling of S-Tower in Budang

-Cho-Hung Bank, Feasibility Study on the Parking-Structure in Jongro-Gu, Seoul

-Samoo Architect & Engineering, Demand Analysis on the HQ Building of the Kyowon

in Daejon

-Hyundai Industrial Development Co., A Study on the Best Use of Hyundai Department

in Incheon

-Samsung Co., Feasibility Study on the Reconstruction of Jugong Apartment in Incheon

-Kwang-Duk Co., Feasibility Study of the No-eun Countess Villa in Daejon

-Benecity Co., Feasibility Study of the Commercial-Residential Mixed Development in Seoul

-SK Global, A Study on Best Use of Gas Station Site in Daegu

-SK Engineering & Construction., Market Analysis of Eulji 2-5 Block for Urban

Redevelopment, Seoul

-Electronic Industries Association of Korea, Development Plan and Feasibility Study

for Construction of New Electronic Industry Center in DMC, Seoul

-LG Engineering & Construction., Development Plan for Mixed Development at

Kun-Kuk Univ. Site, Seoul

Development Consulting

2003 -Samoo Architect & Engineering, Development Planning for IT Complex at DMC, Seoul

-Samsung Co., Feasibility Study on the Re-development of the San-bon Apartment

-Kise Inc, Feasibility Study on Kise Shopping Mall in Sungnam

-Human & Future Inc., Feasibility Study on Beneheim in Chungdam-dong, Seoul

-Evacons Inc, Feasibility Study on Commercial-Residential Mixed Development

in Samsung-dong, Seoul

-Samil Accounting, Ltd., Feasibility Study of Daejoo Apartment, Gyunggi-Do

-Samsung Co., An Analysis of 6 Metropolises’ Local Real Estate Market

-Samil Accounting, Ltd., Feasibility Study on the Banker’s Tower, Seoul

-Samoo Architect & Engineering, Study on New Construction of the Small & Medium

Enterprise Center, Seoul-Daedeok Techno Valley Co., Development and Marketing Strategy for Exclusive Complex

for Foreign Invested Corporations

Development Consulting

-SI Vision, Feasibility Study on the Lawyer’s Tower in Seocho-gu, Seoul

-DTV, Development Plan for Toursim and Entertainment Site in DTV, Daejon

-GS Engineering & Construction Co,, Feasibility Study on the Dae-joo Apt.

in Yong-in, Gyunggi-do

-Samil Accounting, LTd., Feasibility Study on the Private Rental Housing Construction

in Hwasung, Dongtan, Gyunggi-do

-KINTEX, Development Plan for Retail Facilities of Convention Facility, Ilsan

-KC Industrial Development, Feasibility Study on the Multi-Complex in Yongin, Gyunggi-do

-DTV, Development Planning and Strategy for New Industrial Sites in Various Locations

-Tongyang Construction Co., Development Plan and Marketing Strategy for Bi-eung Port

and Hinterland, Gunsan

-Tongyang Construction Co., Development Plan for Light Railway Transit, Gwangju

-AMEC, Market Analysis for New Development Plan in IBC II, Yongjong Island

2004

2005 -KB Asset Management, An Analysis of the Sales Possibility on the Kids-mum center

in Pyeongchon

-Daedeok Techno Valley Co., Development Plan for the Ball Park in DTV Athletics Lot

-Daewoo Securities, Measurement of the Value on Commercial-Residential Mixed

Development in Cheongdam-gong, Seoul

-Lotte Engineering & Construction, Feasibility Study on the Apartment in Dongbu-Ri, Ulsan

-Dongyang Express& Construction Corporation, A Plan on the Development and Marketing

Strategy for Bi-eung Port in Gunsan

-Lotte Engineering & Construction, Feasibility Study on the Apartment in Chungnam

-Landmark Twins, Feasibility Study on the Apartment in Pohang

-Lotte Engineering & Construction, Feasibility Study on the Commercial-Residential

Mixed Development in Kileum, Seoul

-KB Bank, An Analysis of the Community Dwelling Houses Development in Gimhae

Development Consulting

Development Consulting

2005 -Shinsung Accounting, An Analysis of the Demanding Requirement on the Personal Investme

nt

and Reasonable Price for the Using Accommodation at Kyunghee University

-Samil Accounting, Feasibility Study on the Commercial-Residential Mixed Development

in Busan

-Lotte Engineering & Construction, Feasibility Study on the Villa in Jeonju

-Samil Accounting Ltd., Feasibility Study on the Complex Facilities Project in Thanhyun,

Ilsan

-Lotte Construction, An Analysis of the Sales Possibility on the Officetel in

Munhyeon-dong, Busan

-Lotte Construction, Feasibility Study on the New Construction and Remodeling PJT

in Pyongchang-dong, Jongro-gu

-Shinwha D&C, Feasibility Study on the Cheonri Apartment in Yongin

-Yoonsuk Development Ltd., Feasibility Study on the Apartment in Suweol-Ri, Geoje

-Land Plus C&D Ltd., Feasibility Study on the Apartment in Jinju

-Daedeok Techno Valley Co., A Study on Best Use of the Land in Cheonan

-DOD Development Ltd., Feasibility Study on the Shopping Center in Madu-dong, Ilsan

Development Consulting

2005 -Korean National Pension Corporation, Feasibility Study on the Investment for OObuilding

-Lotte Engineering & Construction, Feasibility Study on the Apartment in Seocho, Seoul

-Lotte Engineering & Construction, Survey on the Reconstruction Apartment in

Hwamyung-dong, Busan

-Samil Accounting Ltd., Feasibility Study on the Commercial-Residential Mixed Development

in Chungryang-ri, Seoul

-Kumbo D&C, Survey of the Sales Possibility on the Developing Apartment in Gaksan-Dong,

Daegu

-Lasalle Asia OpportunityⅡSCA, Analysis of the Market Trend on Commercial-Residential

Apartment-houses and Officetels

-Hode Co. Ltd, Feasibility Study on the Best Use of the OO Lot

-Lotte Engineering & Constuction, Feasibility Study on the Developing Apartment

Myongji, Busan

-Mano E&C, Feasibility Study on the OOShopping Mall’s Blueprint in Namdaemoon

Development Consulting

2006 -Lotte Engineering & Construction, Sales Possibility Assessment for the Residential Units

of the Mixed Use Condominiums in Seocho

-Lotte Engineering & Construction, Feasibility Study on the Commercial Units of Mixed Us

e Condominiums in Seocho

-Lotte Engineering & Construction, Sales Possibility Assessment for the Commercial Units

of Mixed Use Condominiums in Seocho

-CERIK, Feasibility Study on the Urban Development Project in Dongchun 1 District of Inc

heon.

-Lotte Engineering & Construction, Sales Possibility Assessment for the Mixed Use Condo

miniums in Yeoksam District of Yongin

-Lotte Engineering & Construction, Sales Possibility Assessment for the Residential Units

of the Mixed Use Condominiums in Bujeon-dong of Busan

-Lotte Engineering & Construction, Sales Possibility Assessment for the Commercial Units

of the Mixed Use Condominiums in Bujeon-dong of Busan

Development Consulting

2006 -Consus Asset Management, Sales Price Assessment for Dongdaemun Shopping Center

-R114, Research for the Advance into U.S.A real estate market

-Lotte Engineering & Construction, Sales Possibility Assessment for the Commercial Units

in Seocho

-KC Industry Development, Sales Possibility Assessment for the Mixed Use Condominium

s in Iksan

-Lotte Engineering & Construction, Sales Possibility Assessment for the Mixed Use Condo

miniums in Seongnam

-Lotte Engineering & Construction, Sales Possibility Assessment for the Commercial Units

in Seongnam

-Yes U Development, Feasibility Study on Site in Yeongdeungpo

-NSC, Market Research on D20&21 Residential Project

-Injung Construction, Sales Possibility Assessment of the Mixed Use Condominiums in Gw

angjingu

Development Consulting

2006 -Zyzx Holdings, Sales Possibility Assessment for the Mixed Use Condominiums in Doksando

ng of Guemcheongu

-Danwoo, Study on the Optimum Development of Campus Street of Hongik Univ.

-Gyeongsan Development, Sales Possibility Assessment for the Mixed Use Condominiums in

Eobang-dong of Gimhae

-Aum&Lee Architects Associates, Gwangju Insurance Hall Construction

-Samil PwC, Feasibility Study on the Mixed Use Condominium Development in TanHyeon of I

lsan

-National Pension Corporation, Feasibility Study

-Korea National Housing Corporation, Demand Creation Strategy for First Village of Hangbok

City

-National Pension Corporation, Consultation on appointment of Investment Management Age

ncy

Development Consulting

2006 -Samil PwC, Environment Analysis for Development of Jeju Hot-Spring Town and Price Asse

ssment for the Land Secured by the Authorities in Recompense of Development Outlay

-Hyundai Engineering & Construction, Development Planning of Guisan-dong, Changwon

-Daewoo Engineering & Construction, Project Financing Planning of Dohwa District

-National Pension Corporation, Investment Feasibility Study on OO Building

-Doosan Engineering & Construction, BTL for the construction of the railroad from Jinju to Su

ncheon

-National Pension Corporation, Optimum Development Strategy

-Daewoo Motor Sales, Consultation for the advance into Incheon Theme Park

-Consus Asset Management, Sales Price Assessment for Dondaemun Season Retail Shops

-Samil PwC, Sales Possibility Assessment for the Commercial Units of Ilsan M-City

-Sambo Engineering, BTL for the construction of the railroad from Iksan to Yeosu

-Interpark Tower, Feasibility Study on Condominiums in Beomcheon of Busan

-Daewoo Motor Sales, Feasibility Study on Site Development in Songdo

-Samil PwC, Geumcheongu S-Project

-Nakkyung Building, Seoul

-Samyeon Building, Seoul

-Seojin Building, Seoul

-63 Building, Seoul

-Hyechun Building, Seoul

-Tongyang Tower, Seoul

-Samil Builing, Seoul

-Jeil Bank HQ, Seoul

-Green Building, Seoul

-Hansol Building, Seoul

-Retail Facility, Bundang

-Youngpoong Building, Seoul

-LG Securities, Asset Management Consulting

Tenants Rep & Landlord Services

2001

2002

-TY World, Land Sales

-SBS Golf Channel, Landlord Service

-LG Engineering &Construction, and LG Mart, Lease Negotiation and Consulting

-Telson Electronics, Inc., Land and Building Sales

-Locus, Inc. Property and Leasing Management

-Other transactions, and Leasing Service (ongoing)

-Kyunghee University, Asset Management Application Consulting

-Information and Communication Financial Cooperative, Land Valuation of

the Local Building and Purchasing Service

-Allianz Life Insurance Co., Ltd, Leasing Service of the Office Building

-Kangnam LG Tower, Leasing Service

Tenants Rep & Landlord Services

2003

2004

2005

The Largest & Best Database of Office Buildings

Seoul 5,400, Provincial Cities 530 Building Regularly Surveyed Survey Items : Basic Information, Physical Data, Market Data Market Data : Surveyed since 1/4 Quarter 1999 through 4/4 Quarter on site research,

and R2Korea & R114 Network

Seoul 5,400, Provincial Cities 530 Building Regularly Surveyed Survey Items : Basic Information, Physical Data, Market Data Market Data : Surveyed since 1/4 Quarter 1999 through 4/4 Quarter on site research,

and R2Korea & R114 Network

-Koryeo Industrial Development Co., Office Market Analysis-Hyundai Engineering & Construction., Office Building Data Provision

-SK Engineering & Construction,. Research on Commercial Building & Developable Land around Subway Station in Seoul-Korea Venture Consulting Inc., Research of the Vacancy of Office Market, Seoul-GE Real Estate Korea, Office Market Analysis of Seoul

-Koramco Inc., Office Market Analysis of Seoul -GE Real Estate Korea, Office Market Analysis of Seoul -JLL, Office Market Analysis of Bundang

-GE Real Estate Korea, Office Market Analysis of Seoul

2001

2002

2003

2004

The Largest & Best Database of Office Buildings

2005 -Kyobo Real Co., Office Market Analysis of Seoul

-Seoul Development Institute, Office Building Data Provision

2006 - R114, Office Building Data Provision

Publications

R2Market Report - Monthly publication - Real estate market trend

Prospect of Real estate Market - Market prospect seminar - Professional survey

Publication - What’s REITs? (Asset Depreciation & Real estate Securitization)