June 2007

2

Business SummaryBusiness Summary

C-HRD

(Corporate)

e-LearningService

LMSDevelopment

ContentDevelopment

e-Learning

Consulting

U-HRD

(University)

N-HRD

(Nation)

G-HRD

(Global)

HR Consulting

e-Learning Service

Financial Certification

iMBA

CREsys-U

Teacher Training

M-Kiss

Specialized Industry

China, Japan, Europe

International Corp.

Blended

Learning

m-Learning

u-Learning

Language

Business

Publishing

Knowledge

HRO

“Credu provides comprehensive learning solutions through its instructionally effective courseware, technologically superior platform, and reliable consulting service.”

3

Overview

Feb. 2007 Signed partnership agreement on OPIc with SDA

Nov. 2006 Received “A” grade on the Internet Training Agency Evaluation for the 4th consecutive year

Nov. 2006 Listed on KOSDAQ

Jul. 2006 Started OPIc business

Name : Credu CEO : Young Soon Kim

Location : Seoul, Korea Employees : 207(as of April 30th)

Capital : 2,814 million KRW Affiliation : Samsung Group

2000 ~ 2002 2003 ~ 2004 2005 ~ 2007

Nov. 2002 Began offering online courses for the Samsung Business Leadership Program (SLP)

Feb. 2002 Provided e-learning services to Matsushita and Sanyo in Japan

May, 2000 Establishment of Credu Corporation

Apr. 2004 Started providing online courses for the Samsung Value Program (SVP)

Oct. 2003 Began offering SL BL courses Ⅱ for the first time in Korea

Mar. 2003 Commenced the iMBA program

Feb. 2007 Signed partnership agreement on OPIc with SDA

Nov. 2006 Listed on KOSDAQ

Jul. 2006 Started OPIc business

Sep. 2005 Started publishing business

StartStart GrowthGrowth JumpJump

4

Business Domains

Core Business Applied Business New

Business• e-Learning Service • Blended Learning • HR Consulting • Tailored Content Development

• Customized LMS Development

• iMBA

• Financial Certification Course

• Global Business

• M-Kiss

• Teacher Training

• Specialized Job Training

(doctor, nurse, prosecutor, etc.)

• OPIc

• Comprehensive e-learning

solution for Universities

• m-Learning

• HRO

• Publishing

• Knowledge Business

Comprehensive Learning Solution Provider

Specialized in e-Learning

5

Core Business

Credu offers over 1,000 ready-to-use, top-quality e-learning courses such as business administration, business soft skills, financial certification, job skills, IT, and foreign languages.

e-Learning Servicee-Learning Service

● Examples

<Leadership Revolution of Genghis Khan>

6

Core Business

<Leadership Revolution of Genghis Khan>

● Examples

7

Core Business

Integrating face-to-face training and online learning, BL programs focus on developing core human talent through courses in leadership, executive management, corporate value, and so on.

Blended LearningBlended Learning

Pre-online

1day offline

Post-online

Understanding

Exercise

Application & Reflection

General concept & theory Online 360˚ pre-diagnosis & feed-back

Pre-online review & diagnosis result sharing Consulting, discussion and team activities Action plan

Training result sharing by each experience Case study by drama Online discussion & etc.

● Blended Learning Model

8

Core Business

Credu’s reliable consulting service helps clients establish training systems and develop various subjects and training management processes, thereby maximizing course effectiveness.

HR ConsultingHR Consulting

● Performance

1. Establishment of Education System for CJ Development

2. Establishment of Education System for Samsung Corning Precision Glass

3. Innovation in Education for the Public Prosecutor’s Office

4. Tailored Contents Development for ETRI

5. Course Development for Civil Defense Training Center

6. Leadership Development Program for iMarketKorea

7. Participation in SME HR Consulting business of the Ministry of Labor

...

9

Core Business

Credu’s content is instructionally effective and rich in multimedia. Credu has successfully developed custom content for its clients, such as auto repair course for Renault Samsung Motors.

Tailored Content DevelopmentTailored Content Development

● Examples

<Auto Repair Course for Renault Samsung Motors>

10

Core Business

● Examples

<Auto Repair Course for Renault Samsung Motors>

11

Core Business

CREsys features include CREsys-University, CREsys-Portal, CREsys-Author, CREsys-Blog and CREsys-Report check. CREsys can always be customized to satisfy a client’s needs.

Customized LMS Development Customized LMS Development

LearnerLearner

Self Diagnosis Self Study-Check Managing Career Development Program Education

Portal SystemOver 1,000

High Quality Contents

CREsysCREsys

Tutor Group CS Representative

Self-Directed Learning

Value Added Information Community Promotion

12

Applied Business

The first on-line MBA authorized by the Korean government, Credu has been offering the iMBA program with SungKyunKwan University since 2003.

iMBA iMBA

13

Applied Business

Credu offers the blended learning preparation courses for international financial certification tests such as the CFP, AFPK and CFA. Credu’s student pass rates are the highest among its competitors.

Financial Certification Course Financial Certification Course

<Financial Planning Process for AFPK certificate>

14

Applied Business

● Examples

<Financial Planning Course for AFPK Certification>

15

Applied Business

Credu supplies e-learning content and LMS to Samsung affiliates abroad and Korean branches of international enterprises. Credu’s goal is to earn 10% of its total revenue from the global market by 2010.

Global Business Global Business

• Sanyo, Matsushita• Samsung Japan• Other Japanese Companies

• Samsung China• Global Korean Companies in China• Other Chinese Companies

• Samsung Europe

China Japan Europe

16

Applied Business

M-KISS is the e-learning service for military soldiers and their families.Credu’s course collection includes a business academy, certifications, foreign languages, and culture.

M-KISS M-KISS

LanguageCertificate

Culture

Wives

Business

Kids

17

Applied Business

Through teacher training and specialized job training such as training for doctors & nurses, Credu is able to facilitate lifelong education.

Teacher & Specialized Job Training Teacher & Specialized Job Training

<Teacher Training> <Training for Doctors>

18

Applied Business

<Teacher Training>

● Examples

19

New Business

Credu developed the OPIc based on the Oral Proficiency Interview, a test which is recognized internationally and has been in use for Over 25 years. Both tests are authorized by ACTFL.

OPIc OPIc

● Who adopted OPIc so far? ● OPIc Test Preparation Courses

20

New Business

<OPIc Preparation Course>

● Examples

21

New Business

Credu is targeting the university market with content and CREsys- University, a tailored Learning Management System (LMS). Credu will further expand its share of the university market with OPIc.

University Offerings University Offerings

● CREsys-University

CREsys-UCREsys-U

Various &

Specific

Contents

Learner

Oriented

NetworkbetweenSchool& Work

Quality

Control

System

Globalization

Total Solution for UniversitiesTotal Solution for UniversitiesTotal Solution for UniversitiesTotal Solution for Universities

ContentsMarketplace

ContentsMarketplace

Blog/e-Portfolio

Blog/e-Portfolio

Multi FunctionalLMS

Multi FunctionalLMS

e-Test &EngineeringCertificate

e-Test &EngineeringCertificate

ContentsDeveloping

Solution

ContentsDeveloping

Solution

InternationalCertificate

Service

InternationalCertificate

Service

22

New Business

Credu develops learning courses for mobile devices. Credu supplies contents to KT for WiBro devices in 2007. Credu’s m-learning makes learning possible anytime & anywhere.

m-Learning m-Learning

23

New Business

Credu offers comprehensive HRD outsourcing services and Credu will emphasize its HRO business in 2007. Since its establishment, Credu has accumulated extensive competencies in HRD outsourcing.

HRO HRO

HROBusiness

Total e-HRSolution

EducationPlanning

CourseDevelopmen

tLMS

LearningManagemen

t

24

New Business

Credu’s publishing activities gives the company access to quality e-learning content. The company also utilizes its weekly Knowledge Concert lecture program to expand its content library.

Publishing & Knowledge Business Publishing & Knowledge Business

● Credu’s Book Collection (2007)

Q & A