HANJIN SHIPPING

Subsidiary companies				Relations with HJS
Name of company	Rigistered	Euity	major business	HJS's share (%)	Business with HJS
Keoyang Shipping CO.,LTD.	Korea	KRW 85,000,000,000	Shipping	96.91	Chartering
Hanjin SM Co., Ltd.	Korea	KRW 1,000,000,000	Ship Management	100.00	Ship Management
Hanjin Pacific Co., Ltd.	Korea	KRW 458,335,000	Terminal Management	60.00	Terminal Management
SENATOR LINES GmbH	Germany	EUR 125,266,511	Shipping	80.00	Joint operation
HANJIN SHIPPING (SINGAPORE) PTE., LTD.	Singapore	SID 1,000,000	Shipping agency	100.00	Sales agency
HANJIN SHIPPING (CHINA) CO., LTD.	China	USD 10,360,000	Shipping agency	100.00	Sales agency
Shandong Hajin Logistics Co., Ltd.	China	USD 2,200,000	Warehouseing	60.00	Management ODCY
HANJIN/SENATOR LINES DO BRASIL LTDA	Brazil	USD 200,000	Shipping agency	100.00	Sales agency
HANJIN LOGISTICS INC.	U.S.A.	USD 50,000	Inland transportation	100.00	Transportation
HANJIN AMERICA INC.	U.S.A.	USD 1,000,000	Terminal operation	100.00	Management terminal
HANJIN SHIPPING LINE MALAYSIA SDN. BHD.	Malaysia	RGT 14,140,000	Shipping agency	100.00	Sales agency
Hanjin Overseas Bulk Limited	U.K.	USD 1,000,000	Shipping agency	100.00	Sales agency
HANJIN SPAIN S.A.	Spain	EUR 200,000	Shipping agency	51.00	Sales agency
HANJIN SHIPPING POLAND CO., LTD.	Poland	PLZ 268,500	Shipping agency	100.00	Sales agency
HANJIN SHIPPING HUNGARY CO., LTD	Hungary	HUF 3,000,000	Shipping agency	100.00	Sales agency
HANJIN SHIPPING AUSTRALIA PTY. LIMITED	Australia	AUD 1,000,000	Shipping agency	100.00	Sales agency
HANJIN SHIPPING INDIA PRIVATE LIMITED	India	INR 42,000,000	Shipping agency	100.00	Sales agency