DAEWOONG CO., LTD. is a Korea-based holding company engaged in the management of its subsidiaries. As of December 31, 2011, the Company had 14 subsidiaries, including Daewoong pharmaceutical Co., Ltd and R&P Korea Co., Ltd, which are engaged in the manufacture of pharmaceuticals; Daewoong Life Science Co., Ltd., which is engaged in the food processing business; Daewoong Management Development Institute, which provides enterprise education solutions; IDS&TRUST Co., Ltd., which is engaged in the information technology (IT) solutions business; Deawoong Bio Co., Ltd., which offers pharmaceutical raw materials, and Daewoong International Corp., which is specialized in importing and exporting medical equipment, among others. On March 28, 2011, the Company sold its entire 70% stake in Best System Co., Ltd., engaged in the development and sale of software. On July 18, 2011, it sold entire stake in a Korea-based company.
(Source: ARS)