Honam Petrochemical Corp.

Honam Petrochemical Corp. is a Korea-based producer of petrochemicals and related products. The Company produces synthetic resins, which include high-density polyethylene (HDPE), polypropylene (PP) and polyethylene terephthalate (PET) used for shopping bags, boxes, containers, fibers, electronic appliances and PET bottles; basic petrochemicals, including ethylene oxide, ethylene glycol, ethylene oxide adduct (EOA) and methyl methacrylate (MMA) used for polyester fibers, surfactants and antifreezing solutions, and basic chemicals, which include ethylene, propylene and benzene used for polyethylene, PP and others. The Company also manufactures synthetic paper. During the year ended December 31, 2007, sale of synthetic resins accounted for approximately 48% of total revenue.