Segye Tour Co., Ltd. (South Korea)

Though, sales in the existing signboard biz have not been generated, firm's year-on-year biz revenue sharply rose, because of penetration into travel biz. Firm's red balance size rose, because of loss on valuation of short-term securities, while firm's operating deficit continues, owing to high selling and administrative ratio. Firm maintains relatively stable financial structure, due to good cash flows from operating activities and liquidity and repayment of borrowings. Though sales increase is projected, because of various travel package products release, firm's sales increase is likely to be limited, owing to poor demand in LED and station automation system. Firm's performance improvement is forecast, due to travelers' base expansion and high profit products development according to income level improvement. Firm penetrated into federation system wholesale biz Web 2.0 Tour-Biz Spider system, Travel Global Network and Travel Card biz.