As one of the leading companies in the natural resources business in Korea, Daeshin has been importing mainly coal, industrial minerals, electric water heaters, etc. and supplying them to the major domestic customers for more than 15 years. Most of directors in our company have long term experience and excellent expertise in coal & mineral business through their careers in the big renowned companies such as Samsung, Hyundai and Daesung. In coal business area, we have secured stable supplying sources through strategic cooperation with the named companies in Vietnam, China, Indonesia, Russia, etc. and through four domestic offices and stock yards at Pohang, Incheon, Ulsan and Donghae, we have been able to guarantee the most reliable and competitive coal supply for the customers.
In addition, we are supplying Vietnamese coal to the world first class Korean and Chinese steel makers on the long term contract basis. In the electric water heater business area, we are importing state-of-the-art models from Italy and Norway and resell them to the customers through nationwide network and sales agencies. Recently we have launched our own brand "Kaiser" on a Chinese OEM basis. ITC Global, a subsidiary company of Daeshin, is undertaking overseas business and long term contract business with big customers.
From 2004, Daeshin has been operating Hanoi representative office in Vietnam to develop new mineral business and investment opportunities. We are planning to expand our investment in China and Vietnam in order to secure stable supplying sources and we are also aiming to diversify our business area by developing various industrial minerals. In the near future, by entering into the environmental and transportation business area, we hope to grow as a professional integrated natural resources company welcomed in the market. We believe our vision must come true, if we devote our every effort to the market with faithfulness and credibility.
