HYUNDAI CEMENT CO.,LTD is a Korea-based company engaged in the manufacture of cements. Its cement products include Portland cements, early-strength Portland cements, sulfate resisting cements, blast furnace slag cements and masonry cements, which are used for various construction areas, such as roads, bridges, dams, retaining walls, industrial plants and others. In 2011, it also engaged in the leisure business, which operated condos, ski resorts, golf courses and others. On December 27, 2011, the Company completed the transmission of leisure business to three Korea-based companies. As of December 31, 2011, the Company had three subsidiaries.