HUMAX Co., Ltd. is a Korea-based company engaged in the manufacture and marketing of set-top boxes (STBs). The Company manufactures digital STBs used as broadcasting receivers, including high-definition (HD) satellite STBs, personal video recorder (PVR) STBs, cable HD PVRs and satellite HD PVRs. The company provides its products under the brand name of HUMAX. The Company distributes its products within domestic market and to overseas markets, including Asia, America, Europe, the Middle East, Latin America and others. As of December 31, 2011, the Company had 14 affiliated companies. On May 23, 2012, the Company acquired a 50% stake in DAEWOO IS CORPORATION CO., LTD., mainly engaged in the manufacture of car audios, audio and video (A/V) systems and navigation systems.