Minimum Collection Co., Ltd. (South Korea)

Firm's year-on-year sales rose, due to stable growth in the garment biz sector along with export increase in the bag biz sector. Despite biz revenue expansion, firm's operating loss was expanded, because of burden of selling and administrative expenses, and firm's net loss rose, owing to loss on valuation of investments using the equity method. Firm added liquor selling biz, tourist resorts (duty free shop, casino included) construction and operation in its biz purpose in March 2008. Growth in the garment biz sector is forecast difficult, due to consumption sentiment shrinkage, and order competition is fierce in the bag sector, due to slowed down world economy; firm's growth is likely limited. Firm expects to create synergy effect thru combination of cultural contents, such as entertainment Mgt, music records, music sources and animation with existing fashion biz sector. Firm plans to enter into world fashion distribution market and conduct prestige goods distribution biz in full swing thru signing an agreement for joint biz with Wizwid, along with signing MOU for prestige goods logistics biz with Keypower.