Woung Hyung Rhee

Vard Holdings Ltd. is an investment company, which engages in the provision of design and shipbuilding of offshore and specialized vessels. It operates through the following geographical segments: Norway, Romania, Singapore, Vietnam, Brazil, Canada, USA, Italy, and Other Countries. It also offers ship repair and conversion, accommodation, piping systems and installations, trading, electrical products and services, SeaQ control solutions, and Vard Academy. The company was founded on June 11, 2010 and is headquartered in Singapore.

STX Heavy Industries Co. Ltd. manufactures diesel engines, shipbuilding materials, and deck houses in South Korea. It also engages in pre-treatment of steel materials, the marine and offshore works, and engineering, procurement, and construction of thermal power. The company was founded in February 2004 and is headquartered in Changwon, South Korea.

STX Resort Corp. constructs apartment houses. The private company is based in Mungyeong, South Korea. and has subsidiaries in South Korea. STX Resort was founded in 2007.

STX Construction Co., Ltd. constructs apartment buildings. Its projects include offshore plant, harbor construction, office building, hospital and educational institutions. The company was founded in 2005 and is headquartered in Seoul, South Korea.

ForceTEC constructs general information technology systems, providing e-business and value creation strategies for its customers. The company also manages design, car rental, and travel businesses

STX Norway AS provides short term financing services to the shipping industry. The company was founded in 2007 and is headquartered in Oslo, Norway.

STX Energy Co., Ltd. provides power plant supplying energy to industrial complexes. It offers combined power plant management, resource development, overseas power plant management, renewable energy business, oil product storage and sales and ESCO business services. The company has offices in Canada and South Korea. STX Energy was founded in August 1990 and is headquartered in Seoul, South Korea.

K Shipbuilding Co., Ltd. engages in manufacturing ships and marine vessels such as chemical tankers, container ships, bulk carriers and ferries. The company's main business activity is building liquefied natural gas (LNG) and liquefied petroleum gas (LPG) ships, product carriers, bulk carriers, container ships, car carriers, and special ships. It is also involved in engineering, procurement and installation services for offshore facilities. The company was founded on April 10, 1967 and is headquartered in Changwon, South Korea.