December 1, 2016

KOREA Daily Focus

No English report summaries today. Major Indices Close Chg Chg (%) KOSPI 1,983.75 0.27 0.01 KOSPI 200 254.48 0.22 0.09 KOSDAQ 593.85 -2.26 -0.38

Turnover ('000 shares, Wbn) Volume Value KOSPI 214,227 3,888 KOSPI 200 58,115 3,064 KOSDAQ 627,418 2,619

Market Cap (Wbn) Value KOSPI 1,277,144 KOSDAQ 188,522

KOSPI Turnover (Wbn) Buy Sell Net Foreign 1,476 1,445 31 Institutional 859 911 -53 Retail 1,526 1,505 21

KOSDAQ Turnover (Wbn) Buy Sell Net Foreign 137 161 -23 Institutional 72 92 -20 Retail 2,411 2,366 45

Program Buy / Sell (Wbn) Buy Sell Net KOSPI 1,000 1,018 -19 KOSDAQ 49 58 -8

Advances & Declines Advances Declines Unchanged KOSPI 337 479 70 KOSDAQ 420 668 92

KOSPI Top 5 Most Active Stocks by Value (Wbn) Price (W) Chg (W) Value Electronics 1,749,000 3,000 458 Hynix 44,200 1,300 151 144,500 -9,500 124 KODEX LEVERAGE 10,650 10 117 KEPCO 44,500 -2,000 115

KOSDAQ Top 5 Most Active Stocks by Value (Wbn) Price (W) Chg (W) Value TPLEX 2,745 240 73 Golden Century 7,740 160 63 Englewood Lab(Reg.S) 13,550 600 62 Bosung Power Tec 5,950 450 61 KODI-M 3,480 540 61 Note: As of December 1, 2016

Mirae Asset Daewoo Research

This document is a summary of a report prepared by Daewoo Securities Co., Ltd. (“Daewoo”) and published on our website. Please review the compliance notices contained in the original report. Information and opinions contained herein have been compiled in good faith from sources deemed to be reliable. However, the information has not been independently verified. Daewoo makes no guarantee, representation or warranty, express or implied, as to the fairness, accuracy or completeness of the information and opinions contained in this document. Daewoo accepts no responsibility or liability whatsoever for any loss arising from the use of this document or its contents or otherwise arising in connection therewith. Information and opinions contained herein are subject to change without notice. This document is for informational purposes only. It is not and should not be construed as an offer or solicitation of an offer to purchase or sell any securities or other financial instruments. This document may not be reproduced, further distributed or published in whole or in part for any purpose.

Mirae Asset Daewoo Research Key Universe Valuations December 1, 2016

※All data as of close November 30, 2016, unless otherwise noted.

17F Earnings growth Mkt Cap Price P/E (x) P/B (x) ROE (%) Ticker Company Div Yield OP EPS (Wbn) (W) (%) 17F 18F 17F 18F 17F 18F 17F 18F 17F 18F 005380 Hyundai Motor 29,076 132,000 3.0 5.5 13.9 1.6 12.4 6.5 5.8 0.5 0.5 8.4 8.8 015760 KEPCO 28,567 44,500 3.4 -12.1 19.3 -15.5 25.0 4.2 3.4 0.4 0.3 9.1 10.5 035420 NAVER 25,183 764,000 0.2 39.0 21.1 33.1 25.4 23.1 18.5 5.0 4.0 31.7 29.6 012330 24,725 254,000 1.5 11.6 6.0 12.5 8.4 6.8 6.3 0.8 0.7 12.2 11.8 032830 Samsung Life 23,200 116,000 - - - - 0.0 0.0 055550 20,817 43,900 - - - - 0.0 0.0 090430 AmorePacific 18,648 319,000 0.7 27.5 17.6 27.8 17.6 25.5 21.6 4.7 4.0 20.1 19.9 017670 SK Telecom 18,127 224,500 4.5 0.9 1.5 -14.4 1.8 14.6 14.3 1.0 0.9 7.8 7.6 105560 KB Financial Group 17,498 41,850 - - - - 0.0 0.0 034730 SK Holdings 16,324 232,000 1.5 9.2 1533.5 41.8 1866.3 9.8 0.5 1.0 0.3 11.8 105.3 051910 LG Chem 15,209 229,500 2.0 12.6 8.0 25.0 8.4 10.0 9.2 1.1 1.0 11.5 11.4 000270 Motors 15,059 37,150 3.2 6.0 6.6 -2.4 4.6 5.0 4.8 0.5 0.5 10.8 10.3 096770 SK Innovation 14,193 153,500 2.6 -9.3 11.4 6.6 12.5 6.9 6.1 0.8 0.7 11.5 11.7 033780 KT&G 14,072 102,500 3.5 -0.8 3.2 4.8 5.2 13.0 12.4 1.8 1.7 15.1 14.5 000810 Samsung F&M 13,644 288,000 - - - - 0.0 0.0 051900 LG Household & Health Care 12,495 800,000 0.9 12.9 12.4 8.8 11.0 21.6 19.4 4.4 3.7 22.7 20.9 011170 Lotte Chemical 11,654 340,000 0.7 7.4 2.0 10.7 2.5 6.3 6.1 1.1 0.9 18.6 16.2 009540 11,400 150,000 -15.4 -5.0 -16.7 -5.7 13.6 14.4 0.7 0.7 5.5 4.9 018260 Samsung SDS 10,291 133,000 0.4 6.1 1249.6 6.6 1147.3 20.3 1.6 1.9 0.9 9.7 73.3 002790 AmoreG 10,173 127,500 0.3 15.2 13.4 20.0 13.3 25.7 22.7 3.3 2.9 14.4 14.3 034220 LG Display 10,162 28,400 1.8 52.2 - 84.9 - 10.0 0.8 8.0 0.0 003550 LG Corp. 9,732 56,400 2.3 1.2 0.0 1.8 -0.2 8.2 8.2 0.7 0.6 8.4 7.9 010950 S-Oil 9,682 86,000 4.2 -1.1 5.6 -9.3 5.6 8.2 7.8 1.3 1.2 17.5 16.3 086790 9,561 32,300 - - - - 0.0 0.0 035250 7,873 36,800 3.3 7.6 5.5 9.3 7.7 14.5 13.5 2.1 1.9 15.7 15.4 030200 KT 7,794 29,850 3.0 1.0 -1.5 5.5 0.8 10.5 10.4 0.6 0.6 6.3 6.1 066570 LG Electronics 7,569 46,250 1.7 14.0 34.9 60.0 51.8 13.9 9.2 0.7 0.6 5.0 7.2 024110 7,392 13,200 - - - - 0.0 0.0 161390 6,801 54,900 0.9 4.2 5.9 -0.5 7.0 7.9 7.4 1.0 0.9 13.8 13.0 023530 Lotte Shopping 6,723 213,500 0.9 13.7 - 16.3 - 12.6 0.4 3.2 0.0 021240 Coway 6,523 85,400 3.5 50.2 8.1 58.5 8.5 18.3 16.9 4.1 3.7 26.2 25.0 047810 Korea Aerospace Industries 6,394 65,600 0.6 15.2 14.6 20.8 20.6 20.4 16.9 3.8 3.2 20.5 20.6 006400 Samsung SDI 6,313 91,800 1.1 - - 56.3 - 15.8 0.6 3.7 0.0 088350 Hanwha Life 5,880 6,770 - - - - 0.0 0.0 086280 5,625 150,000 2.0 9.7 2.4 -5.0 15.8 10.1 8.7 1.4 1.2 14.8 15.2 139480 Emart 5,394 193,500 0.8 12.4 10.3 18.2 14.1 13.1 11.5 0.7 0.6 5.3 5.7 036570 NCSOFT 5,373 245,000 2.2 75.1 22.9 60.7 22.4 12.8 10.5 2.3 2.0 19.6 20.5 035720 5,185 76,700 0.2 83.3 19.9 163.4 17.6 34.3 29.2 1.5 1.4 4.4 5.0 005830 Dongbu Insurance 5,154 72,800 - - - - 0.0 0.0 032640 LG Uplus 5,130 11,750 2.8 3.3 1.5 4.7 2.5 10.8 10.6 1.0 0.9 9.5 9.2 097950 CJ CheilJedang 5,107 388,000 0.7 13.7 9.2 6.7 20.5 16.6 13.8 1.5 1.3 9.5 10.4 078930 GS Holdings 5,082 54,700 2.7 9.8 5.4 10.0 6.2 7.1 6.7 0.7 0.6 10.3 10.1 036460 KOGAS 4,136 44,800 0.4 12.9 15.6 44.6 34.6 10.2 7.6 0.4 0.4 3.9 5.0 000120 CJ Korea Express 4,061 178,000 20.1 7.7 108.9 -0.2 23.6 23.7 1.3 1.3 6.9 6.5 001800 Orion 3,984 663,000 0.9 9.0 9.7 5.2 11.7 18.7 16.8 2.3 2.0 13.2 13.2 009830 Hanwha Chemical 3,964 24,050 0.6 -16.6 13.1 -10.4 9.3 5.6 5.1 0.7 0.6 12.5 12.1 007070 GS Retail 3,658 47,500 1.8 15.6 22.4 -25.9 18.9 18.2 15.3 1.7 1.6 9.7 10.8 012750 S1 3,545 93,300 1.4 4.2 876.4 7.0 950.5 23.2 2.2 2.6 1.2 13.3 80.7 009150 Samsung Electro-Mechanics 3,492 46,750 1.4 162.5 31.2 65.6 59.0 53.0 33.4 0.8 0.8 1.6 2.5 010140 3,428 8,790 - -8.5 687.2 -10.2 42.2 47.0 0.7 0.7 2.1 1.9 Source: Mirae Asset Daewoo Research

Mirae Asset Daewoo Research Market Data December 1, 2016

※All data as of close December 1, 2016, unless otherwise noted.

Other Major Indices Economic Indicators Close Net Chg 1D (%) YTD (%) Close 1D ago 1M ago 1Y ago MSCI Korea* 383.56 2.65 0.69 7.74 USD/KRW 1,168.00 1,168.50 1,144.60 1,157.70 KOSPI 1,983.75 0.27 0.01 3.39 JPY100/KRW 1,020.76 1,038.81 1,091.71 939.88 KOSDAQ 593.85 -2.26 -0.38 -12.38 EUR/KRW 1,237.67 1,244.34 1,255.80 1,223.40 Dow Jones* 19,123.58 1.98 0.01 9.75 3Y Treasury 1.73 1.71 1.45 1.77 S&P 500* 2,198.81 -5.85 -0.27 9.25 3Y Corporate 2.18 2.15 1.87 2.16 NASDAQ* 5,323.68 -56.24 -1.05 8.58 DDR2 1Gb* 1.18 1.17 1.13 1.10 Philadelphia Semicon* 879.47 -5.78 -0.65 34.01 NAND 16Gb* 1.85 1.85 1.78 1.48 FTSE 100* 6,783.79 11.79 0.17 11.33 Oil (Dubai)* 44.12 44.65 48.40 39.87 Nikkei 225 18,513.12 204.64 1.12 0.34 Gold* 1,170.80 1,187.90 1,276.80 1,065.80 Hang Seng* 22,789.77 52.70 0.23 6.86 Customer deposits (Wbn)* 21,608 21,991 22,620 20,765 Taiwan (Weighted) 9,263.53 22.82 0.25 14.16 Equity type BC (Wbn)(Nov. 29) 74,296 74,002 72,886 80,515 Note: * as of November 30, 2016 Source: KSDA, Wisefn, DRAMeXchange, MSCI

KOSPI Top 10 Foreign Net Buy / Net Sell (Wbn) KOSPI Top 10 Institutional Net Buy / Net Sell (Wbn) Net Buy Net Sell Net Buy Net Sell 48.95 NCsoft 22.83 Hynix 20.55 Samsung Electronics 49.51 Hynix 19.05 SAMSUNG BIOLOGICS 22.12 KODEX 200 15.63 KEPCO 19.88 Honam Petrochemical 13.56 NHN 18.01 Hyundai Motor 15.51 Amore Pacific 16.37 10.29 SK Energy 15.52 KODEX LEVERAGE 13.17 Glovis 15.47 LG Electronics 9.88 KEPCO 14.25 TIGER200 12.33 SAMSUNG BIOLOGICS 12.51 Woori Bank 9.39 KODEX 200 12.78 Honam Petrochemical 11.26 Samsung Techwin 9.40 AmorePacific 7.97 Hyundai Motor 12.57 Hyundai Eng. & Cosnt. 10.51 AmorePacific 9.13 LG Household & Health Care 7.82 TIGER200 11.75 Samsung Heavy Ind. 9.44 NHN 6.87 BGF Retail 6.69 KB Financial Group 7.93 LG Display 6.10 Kia Motors 5.97 S-Oil 5.50 Samsung F&M Insurance 6.40 Korea Gas Corp. 6.07 TIGER 200 Futures Inverse 2X 5.48 Source: KSDA, Wisefn

KOSDAQ Top 10 Foreign Net Buy / Net Sell (Wbn) KOSDAQ Top 10 Institutional Net Buy / Net Sell (Wbn) Net Buy Net Sell Net Buy Net Sell Semiconductor 1.71 3.05 ViroMed 1.78 Futurechem 5.59 Systems Technology 1.22 CJ E&M 2.66 Amotech 1.49 CJ E&M 5.23 NUTRIBIOTECH 1.02 WONIK IPS 2.66 WONIK IPS 1.34 OCEANBRIDGE 4.98 Minwise 0.96 SMC 2.43 JET TECH 1.30 Celltrion 4.74 Binex 0.83 Hugel 1.85 BH,LTD. 1.04 Daum Communications 2.86 Komipharm 0.83 OCEANBRIDGE 1.50 Medy-tox 0.97 GLPT 1.54 Modetour Network 0.81 OSSTEM IMPLANT 1.29 SM 0.91 WIMCO 1.40 SM 0.70 Homecast 1.08 Hugel 0.85 NUTRIBIOTECH 1.22 HLB 0.65 Crystal Genomics 1.05 Jinsung T.E.C. 0.82 YONWOO 0.99 VITCELL 0.64 CJ O Shopping 1.02 Paradise 0.75 BoKwang Industry 0.88 Source: KSDA, Wisefn

KOSPI Top 10 by Market Cap (Wbn) KOSDAQ Top 10 by Market Cap (Wbn) Close (W) Chg (W) Mkt Cap Close (W) Chg (W) Mkt Cap Samsung Electronics 1,749,000 3,000 246,048 Celltrion 101,400 -1,000 11,823 Hynix 44,200 1,300 32,178 Daum Communications 76,700 -1,000 5,185 Hyundai Motor 132,000 -1,000 29,076 CJ E&M 55,400 -1,000 2,146 KEPCO 44,500 -2,000 28,567 Komipharm 35,500 500 1,942 Samsung Electronics (P) 1,361,000 5,000 27,919 Medy-tox 333,700 5,500 1,888 NHN 764,000 -34,000 25,183 LOEN 74,400 0 1,882 Hyundai Mobis 254,000 5,000 24,725 ViroMed 106,400 1,400 1,698 SAMSUNG C&T 128,000 0 24,280 SK Materials 154,900 1,900 1,634 116,000 2,000 23,200 Paradise 13,400 0 1,219 POSCO 251,000 1,500 21,884 GS Home Shopping 176,000 4,000 1,155 Source: