MAY 27   Establishment of company for making injection molds and tools
                 for die casting under the name of Dukheung Engineering

APR.   Construction of new tool shop site and introduction of state of art
            mold making machinery
JUN.   Factory registration
OCT.   Technical tie-up with Japanese injection mold makers Shinjo Mold.

FEB.   Dispatchment of some of the staff members for technical training                       to Japan
MAR. Obtaining trade licence
APR.   Mold making and export of first injection molds to Japan
JUL.   Dead angle area mirror injection mold development

NOV.   Selection by the Industrial Bank of Korea to the "Promising
            SMI Business" title

JUL.   Joining the Korea Die and Mold Industry Cooperative
OCT.   Registration as vendor for injection mold making services by Daewoo              Motors
NOV.   Technical tie-up with Branson Korea Co., Ltd for development of
            injection molds for vibration welded parts.

JUN.   ISO 9001 certification of tool making procedure for
            automotive part molds (International Standards Certifications Pty.)

JUL.   QS 9000 Certification (International Standards Certifications
            Pty. Ltd.)
NOV.   Citation for 'contribution to injection mold making technology
            development and employees welfare' (Minister of Industry
            of the Republic of Korea)