Innerex Co., Ltd. ( 2011 ) Overview Head Office 5F, Jeongjin Building, 936-9 Bangbae-dong, Seocho-gu, Seoul, Korea Tel: +82-2-521-3450 Fax :+82- 2-521-3234 Plant 451-42,Hangmok-ri,Shinchang-myeon,Asan-city,Chungcheongnam-do, Korea Tel: +82-(0)43-546-4040 Fax : +-82-(0)43-546-5040 Web Site: www.innerex.co.kr E-mail : [email protected] Number of employees: 110 Parent Company : Bio Smart Co., Ltd. Organization CEO Executive Director Perso. Center Management Sales & Marketing C . I Card Production (Chip, Magstripe) Planning Team Production support General Affairs Team Sales Dep’t 1 Issuance Team Design Team Printing Team Sales Dep’t 2 Financial Team Card Mang.Team Manufacturing Team Sales Management Q. C Team Smart Card Team Main Business Card Manufacturing Visa, MasterCard, JCB, AMEX Magnetic stripe Card Contact / Contacless / Hybrid / Combi card PET Card : Magnetism coated Card USIM card Chip / Mag Stripe Card Personalization Chip initialization / personalization Magstripe personalization Highway prepaid card ID Card(PHOTO Card) / Membership Card Equipment & Maintenance Toll Collection System PVC Card Printing system PET Card personalization system Hologram Inspection system History 1989. • Kocoma established Pyeong-chang FACTORY established 1991. • Installed Magnetic Card production line • Designated as official supplier for Korea Telecommunication Card • Installed the Public Telephone IC Card production line 1992. • Participated in the EXPO Entrance Project with Samsung Electronics - Received a medal of Suk –Tap industry - Received a medal from the Ministry of Chamber of Commerce • Increased Capital to 2 billion won • Developed PET Card Reader / Writer ( F9001, F5001) 1994. • Established new plant • Installed PET Card production line 1995. • Exclusive supply contract of the Highway cards with Korea Highway Corporation • Certified as the MasterCard manufacturer by MasterCard International 1996. • Developed and supplied PCM equipment to Korea Highway Corporation History 1998. • Developed and installed hologram counterfeit – proof systems for Korea Highway Corporation • Launched Research & Development Institute 2000. • Changed company name to Korea Multi System Co., Ltd. • Certified as K – Cash smart card manufacturer 2001. • Certified as Visa card manufacturer by Visa International 2002. • Certified as the Visa, MasterCard chip Embedder 2003. • ISO 9001 Certification 2004. • Certified as Visa and MasterCard chip Card initialization/personalization vendor • Registered as Multos Bureau (JSS,GKMA) 2005. • Certified as American Express card manufacturer 2007. • Certified as JCB card manufacturer, embedder, and chip personalizer • Certified as AMEX Centurion Line card manufacturer 2010. • Corporate name changed to Innerex Co., Ltd. Customers Issuers Shinhan Card(VISA, MasterCard, JCB, and AMEX card issuer) -16,000,000 cards were issued in 2010 -Innerex supplied approximately 33%. Kookmin Card (VISA, MasterCard, and JCB card issuer) -13,000,000 cards were issued in 2010 -Innerex has contracted to supply 50% for the year 2011 Samsung Card (VISA, MasterCard, AMEX and JCB card issuer) -8,000,000 cards were issued in 2010 -Innerex supplied approximately 33%. BC Card(VISA, MasterCard, and JCB card issuer) -10,000,000 cards were issued in 2010 -Innerex supplied approximately 25%. NH Card(VISA, MasterCard, and JCB card issuer) -6,000,000 cards were issued in 2010 -Innerex supplied approximately 60%. Customers Issuers Woori Bank(VISA, MasterCard, JCB, and AMEX card issuer) -5,000,000 cards were issued in 2010 -Innerex supplied approximately 20%. HanaSK Card(VISA, MasterCard, JCB, and AMEX card issuer) -4,000,000 cards were issued in 2010 -Innerex supplied approximately 33%. Lotte Card(VISA, MasterCard, JCB, and AMEX card issuer) -8,000,000 cards were issued in 2010 -Innerex supplied approximately 20%. Korea Exchange Bank (VISA, MasterCard, JCB, and AMEX card issuer) -5,000,000 cards were issued in 2010 -Innerex supplied approximately 50%. Customers Government-owned companies Korea Expressway Corporation (www.ex.co.kr) -Established in 1969 -The only company managing the whole expressway and roads in Korea -Innerex supplied :300,000,000 pre-paid PET cards from 1995 to 2009 :5,000 sets of toll fee calculation machines :5,000,000 dual interface cards for toll collection system Korea Railroad Corporation (www.korail.go.kr) Korea Minting & Security Printing Corporation (www.komsco.com) -Established with full investment from the National Treasure in 1951 -The sole currency manufacturer in Korea -Innerex is supplying public officials’ ID cards (dual interface cards) The Korea Chamber of Commerce and Industry (www.korcham.net) -The largest private economic organization in Korea -Administers government–approved qualification exams and issue plastic card type certificates -Innerex has been providing manufacturing, personalization, and mailing services since 2007. (Average number of cards delivered per year: 300,000) Sales Achievement in 2010 -IC card(IC chip embedded): 15,000,000 -RF card (contactless function for transportation): 3,000,000 -Hybrid card: 2,500,000 -Combi card(dual interface): 10,000,000 -Magstripe card: 15,000,000 -(U)SIM card(for SK telecom and Korea Telecom): 7,000,000 -Dual interface cards for public officials to KOMSCO -Pre-paid PET cards (from 1995 to 2009): 300,000,000 -Toll fee calculation machines: 5,000 sets -Dual interface cards for toll collection system: 5,000,000 Certifications * AMEX Manufacturing(Blue Box Line) Manufacturing(Centurion Line) Chip embedding * JCB Manufacturing Chip embedding Chip personalization * MasterCard Manufacturing Chip embedding Mag stripe personalization Chip personalization * Visa Manufacturing Chip embedding Mag stripe personalization Chip initialization .