Levski Industrial Zone Bulgaria 2007

Outline Korean Production Center for EU market Bulgaria – join as a member of EU since Jan.2007 ( Export with Duty free in all EU countries ) Korea & Bulgaria – Investment Security Agreement (Since May, 2006) FTA Negotiation between Korea & EU (Produced in Bulgaria → Made in EU )

Organization Government Authority Organizer : Choice Ltd Sofia (www.mrpark.biz ) - Established since 1990 - President : John Park( john@mrpark.biz ) Cooperation Organization : - WTM SEBA Co., Ltd Korea (www.wtmseba.co.kr ) - RPI-Consulting Bulgaria (www.rpi-consulting.com ) 3) Support Organization : - KCBMC Korea - Levski City of Bulgaria. - The ministry of Economics Bulgaria (Invest Bulgaria Agency) - KOTRA Sofia - Korean Embassy in Sofia

Levski Industrial Zone Purposes Organization for EU production base Levski Agricultural Farms - International school - NGO Organization Levski Industrial Zone Silver Village New business - Hospital -Resorts for retired -Educational works: Farming, Computer, English Foods Business Rice farm

Organization General Office for Industrial Zone - General administration & Management for Levski Industrial Zone - Arrangement/Help for Employment - One-Stop-Service for any Permits, Negotiation with Government 2) Member companies - Self Investment, Independent Management - Export products

Introduction of Bulgaria Contents Remarks Population around 8,500,000 Area 110,000 ㎢ Climate Mediterranean climate , four seasons (similar to Korea’s season) The average temperature for the year(10.5 C ), Average in summer( 30 C), Average in winter( -5C ) Nation composition Bulgarian (85%), Turkish (10%), Gypsy(5%) Religion Bugarian ortho-doxy(85%), Muslim(12%), Protestant (2%), others(1%) GNP U$ 3,100 Chinese level Currency Leva . Currency : 1Leva = 100 Stotinki. US 1$ = 1.55 Leva(Aug.2006) EURO 1 = 1.95583 Leva (Fixed) Fixed currency. Stable currency. Euro will be official currency in 2010, Economic growth ratio 2003 : 4.3% 2004 : 6.1% , 2005 :5.5% The highest growth ratio within eastern European countries Population mass ratio by city Consist of 27 cities. Sofia(Capital) : 1,200,000 ,Plovdiv : 370,000, Varna : 290,000, Bourgas : 200,000 EU Bulgaria will be a official member of EU Since 1st.Jan.2007 Customs duty free within EU countries Geographically important location that can export to Middle east, Western Europe, Central Asia, CIS Bordered countries : Turkey, Greece, Macedonia, Yugoslavia and Romania

Good location to East / West Europe, Middle East . Good location to East / West Europe, Middle East

Introduction of Levski Good Location : Just 200km from Sofia on the way to Romania 2. Good Transportation : - On the International road (E-81). - Near to Danube canal - 40 km - Cross International Railway & Local Rail way 3. Enough Labor resource : Population - 15,000 (within 30km → 100,000) 4. Low labor costs : U$ 150-200/month 5. Low and stable Power resources ; Cheap electricity, Water facilities, Cheap Gas – all prepared. 6. Tax & Duty Advantage, Supports Plan of Silver Village. - Japanese Silver village is near to Levski

LEVSKI Location From Sofia to Levski : 200Km

Industrial Complex Info Size : 300,000 m2 (Extension possible) Cheap & Stable Power resources - Cheap electricity, Water facilities, - Cheap Gas. Electro supply system : 380V, 50Hz (Available electricity by demand) Domestic electricity : 220V, 50Hz. Road Industrial complex

Scheme for Land usage

1 shareholder Responsibility . Registration of Company Contents Remarks One stockholder EOOD. 1 shareholder Responsibility . ① Operation speed is comparatively quick ② Suitable for small and medium sized enterprise ③ Definite responsibility ④ term : unlimited ⑤ Easy to change the contents of company registration and amendments. 1 shareholder Responsibility . More than two stockholders OOD. More than 2 shareholders Responsibility under agreement of more than two stockholders Corporation Tax ratio 10% VAT 20% Social insurance tax 36% Minimum Capital 2500 EURO ( 5000 Leva) The required period One month Lawyer fee + Public taxes around 500 EURO Lowest expense and easy registration In comparison with another countries in EU Necessary Documents Passport

Advantages To provide Special Tax benefits for business. Export : Customs duty free according to joining in EU 3. Expecting High increase of land prices after EU join(2007) 4. Quick to obtain some permissions by Government, Cheap & Stable labors (One-Stop-Service) Ex : Comparing with Czech, the cost is about 30%. (HYUNDAI Motor (Czech), SAMSUNG electronics (Hungary)

Sales Information 6. Sale, Long Term Rent, Investment : Possible. Sales Unit : Unit - 5000 m2. 2. The lowest price among EU countries - Expecting High increase of land prices after EU join(2007) 3. Purpose : Industrial facilities. 4. Building coverage : ≤ 80%, Floor area ratio : ≤ 350%. 5. Sales way : First come, first serve 6. Sale, Long Term Rent, Investment : Possible.    1 stage 2 stage 3 stage 4 stage Sales Contract Consultation Application Negotiation

Levski Levski

Investments in Levski Discount+ ESMOS ☞ IKEA . Sweden, DIY Furniture. Building Factory now. ☞ KIM’s Orchid Green House. Korea. Orchid Production Center for EU ☞ Gimel Group. Russia. Vegetable Green House. Production Center for EU (Size :120,000 sq.m ) Discount+ ☞ Tengelman Group. Germany. Outlet Store. ESMOS ☞ ESMOS Bulgaria. Production of MOLDs, Machineries.

☞ Contact info Choice Ltd Sofia Bulgaria. Tel : +359 2 8689470, 8687091 Fax : +359 2 9624962 Mobile : +359 888 808406 E-mail : john@mrpark.biz Homepage : www.mrpark.biz Attn : John Park /CEO (Korean Export Award )