Hansung Elcomtec Co., Ltd.

Competition, it occupies much of our lives.
Dear Clients, shareholders, executives and employe
es of Hansung. I hope this new year will be better than the last year in every aspect for you.

I think all our lives s
tays busy and tense everyday, seeing that we can learn every single accident happened somewhere far away in 24 hours. Farmers in the countryside strongly concern about the rice prices of China and the U.S. and natives in Amazon should fight for preventing its forest from exploiting to survive. And our employees of each company in Hansung fighting in the worldwide market battlefield also manage to live their everyday life, both work and home.

In 2005, we put our 3 companies founded in 2004 on th
e satisfactory conditions, and did all our efforts and best to make our business survive in the competition. During the period passed, there were successful projects of course, but non-fruitful projects, too. However, we should keep in mind that now we are in the period we can hardly win the summit even if we make efforts as twice as we did in the past unless we consider up-to-date subject matter of consideration.

The way of future-New concept for business.
In this time, how can be survive?
What kind of choices and strategies can we take? There are 5 necessary condition, I think we have to check each business with those conditions and set up new directions.

Transformation getting ahead of the market changes. Customized business st
rategies building.
Finding new engine for improvement. Open and aboveboard management and management by principle. It's all
up to the executives and employees' abilities and wills.

All the executives and employees!
I hope you will get be
tter in health and happiness is always with your family. Thank you.