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              The following statistical information has been obtained 
              from Biotechgate. Biotechgate is a global, 
              comprehensive, Life Sciences database encompassing the 
              Biotechnology,
              Pharmaceutical and Medical Device industries. 
              www.biotechgate.com
              Biotechgate is owned and operated by Venture Valuation 
              AG, a Zurich based company specializing in independent 
              assessment and valuation of technology-driven 
              companies in high growth industries, such as the Life 
              Sciences (Biotech, Pharma, Medtech), ICT, high-tech, 
              Nanotech, Cleantech and Renewable energy.  
              www.venturevaluation.com 
                           Status of the Sector 7
                    South Korea                     2013 Statistics        2014 Statistics
          Total Biotech Companies                        221                     196
          Biotech - Therapeutics                          60                      41
          Biotech - R&D Services                          66                      65
          Biotech - Other                                 95                      90
          Percentage of SME's                            92%                     78%
          Percentage of Publicly Owned                   11%                     13%
          Companies
          Financing/Capital Raised                   USD  19,810             USD  84,922
                                                     (31.12.2013)             (31.10.2014)
          Licensing Opportunities                         99                     103
                     Key Activities of Biotechnology 
                                                  Companies
                                                      Historical Data
        Subsector                                                                             2013             2014
        AgroBio                                                                                5%                4%
        Environment                                                                            6%                5%
        Contract Research & Manufacturing                                                      5%                6%
        Diagnostics and Analytical Services                                                   11%               11%
        Food & Nutraceuticals                                                                 12%               14%
        Other Services and Suppliers                                                          22%               21%
        Therapeutics                                                                          13%               11%
        Bioinformatics and Bioelectronics                                                      2%                3%
        Cosmetics                                                                              6%                9%
        Drug Delivery                                                                          3%                3%
        Gemomics and Proeomics                                                                 7%                7%
        Industrial Biotechnology                                                               3%                3%
        Veterinary                                                                             5%                4%
                             Company Ownership
                                    Subsidiary; 5.63%
                                               Public; 13.62%
                    Private / independent; 
                    80.75%
                                                                       Historical Data
                                2014 Data                   Subsector              2013   2014
                                                            Private/ Independent    87%    81%
                                                            Public                  11%    13%
                                                            Subsidiary              2%     6%
                        Sources of Company Foundations
                                        Subsidiary; 4.59%
                             Spin-off from university;     Other; 4.59%
                             1.02%                       Undisclosed; 11.22%
                     Spin-off from public insti-
                     tution / NPO; 2.04%                                                                       Historical Data
                        Spin-off from company; 0.51%
                                                                                                 Company Foundation            2013     2014
                                                                                                 Undisclosed                    31%      11%
                                            Independent foundation; 
                                            76.02%                                               Independent                    56%      76%
                                                                                                 foundation
                                                                                                 Spin-off from company          3%        1%
                                                2014 Data                                        Spin-off from public           2%        2%
                                                                                                 institution / NPO
                                                                                                 Spin-off from                  1%        1%
                                                                                                 university
                                                                                                 Subsidiary                     2%        5%
                                                                                                 Other                          5%        5%