Taewha Textile Co., Ltd.

Highlights of our Business Operations (Investments, allurements, awards received, etc). The corporation was established in 1985 and exclusively produced silk until 1995, at which time we converted to producing hemp, for traditional Korean attire, and yarn dyeing neckties. During the Asian financial crisis of 1997, instead of taking a defensive stance, we aggressively pursued investments in production facilities and as a result the quality of our yarn is second-to-none and widely renowned. In October, 2004, we received honors in acknowledgement of the improvement in our neckties from the Korea Federation of Textile Industries.