Qualification for membership

1. The members of the cooperative shall be persons and business cooperatives who are engaged in business areas set forth in
Sub-category 264 of Korea Standard Industrial Classes within the domain of SMB businesses as per Item 1, Aricle2(including
the SMBs in accordance with item 3 in the same article)of the FRAMEWORK ACT ON SMALL AND MEDIUM ENTERPRISES.

2. In order to facilitate its operation, the cooperative may admit SMBs of other business fields (Sub-category 265 under the Korea
Standard Industrial Classes) than those specified in item 1 above. In this case, the members from other domains shall not exceed
20 percent of the total membership.

3. Even in the case where a person who does not fall within the criteria in Article 2 of FRAMEWORK ACT ON SMALL AND
MEDIUM ENTERPRISES, if it is deemed necessary to admit such a person, who is engaged in the same industry, into the
membership and designated in item 1, Article 4 of the Execution Decree of the law, such a person may be granted membership
through a resolution by the board of directors after being recommended by at least 5 members.

4. If a person other than an SMB is admitted in accordance with item 3 above, such a fact shall be notified to the Korea Federation
of SMBs (hereinafter referred to as the federation).

5. The cooperative shall verify the qualification of each member in accordance with item 1 and 2 above in each fiscal year.

Membership Application Process

Required documents for a membership application

Membership application and capital investment consent form (Designated Form) 1 copy (Form NO. 1)

Statement of Pledges (designated form) 1 copy (Form No. 2)

Business registration certificate, Factory registration certificate (1 copy for each)

A certified copy of the corporate registe(Limited to corporations)

National and local tax payment certificate (1 copy for each,)

The latest financial statement (verified by a tax accountant) 1 copy, To be substituted by the business plan in the case of a newly established company

Tax withholding duty performance certificate (verified by a tax accountant) 1 copy (For checking employees)

Representative resume (with photo attached) and a map of the head office or factory

Other documents required by the cooperative “Persons other than small and medium-sized enterprises” in Article 9, Paragraph 3 of the Articles of Incorporation, submit three copies of each of the preceding documents with a letter of recommendation from 5 or more members (Form No. 3 of the attached table)

Cost for membership