Hanwha Timeworld Co., Ltd. is a Korea-based company principally engaged in the operation of department stores. Through operates department stores, the Company is engaged in the sale of products, including luxury goods, clothing, accessories, leather goods, food, household appliances and others. In addition, the Company engages in the operation of sports centers, such as swimming pools, gyms, squash courts and aerobics, as well as cultural centers, such as theaters, galleries and multiplex cinemas. It also involves in the real estate leasing business. As of December 31, 2011, the Company belonged to Hanwha Group Co., Ltd. affiliated company, which had 54 domestic subsidiaries and associated companies and 78 overseas subsidiaries and associated companies.
(Source: ARS)