Webcash Company Overview

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Aubrey Ferguson
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1 Webcash Company Overview [ 1 ]

2 Company Profile WEBCASH is the pioneer and recognized leader of e-finance and has the leading market share. WEBCASH is the first in Korea to provide services combining corporate financial management and banking system and aims to become a global leader in e-banking based financial management. Company Overview Release of New Products Yun, Wan Soo 2016 Virtual Financial Assistant JANGBUJANG CEO of Webcash Co. Ltd Board Member of People&Community KB Kookmin Bank Dongnam Bank OPEN API PLATFORM in Finance RCMS for Government Agencies 2009 e-expenditure for Local Governments Name Webcash Co. Ltd 2008 IN-HOUSE BANK for Public Institutions CEO Yun, Wan Soo Established July 9 th, 1999 Capital KRW 3 bn Employees BRANCH as a Cash Management System for Large & Medium Sized Corporations SERP as a Cash Management System for Small Sized Corporations Business IT Services for Banking/Finance 2002 Korea s 1 st Corporate Internet Banking (KB) Head Office Seoul, Korea 2001 Korea s 1 st Virtual Account Service Website Korea s 1 st ATM Service in Convenience Stores [ 2 ]

3 Company History From Korea s 1 st corporate internet banking systems and corporate management systems to open platform in financial services in 2015, WEBCASH has been a frontier for Korea s financial innovation. Revenue (KRW bn) 140 Internet Banking CMS FinTech Finance through Internet Finance within Companies Finance in Everyday Life 120 Korea s 1 st convenience store ATM Korea s 1 st virtual account service Korea s 1 st corporate CMS Korea s 1 st CMS for public institutions Open platform for financial services B2C, B2B FinTech apps Korea s 1 st corporate internet banking Korea s 1 st e-expenditure for local government 100 Korea s 1 st research fund management system [ 3 ]

4 History of Korean IT Services for Banking & Finance WEBCASH s Competitiveness 1980s 1990s 2000s 2010s Computers Internet Smartphones In-store Devices Internet Banking Mobile Banking Firm Banking FinTech Open Platform Corporate CMS B2C/B2B FinTech VAN(Offline Payment) ATM PG(Online Payment) Convenience Store ATM Mobile Payment/ Digital Wallet Transportation Cards P2P/Crowd Funding Security/Identification/Data [ 4 ]

5 Financials Revenue Others 21 bn.(23%) e-finance 25 bn.(27%) KRW 89 bn. (USD 79 mil.) KRW 92 bn. (USD 82 mil.) SOHO 0.3 bn.(0.3%) Small Corp. 21 bn.(23%) Portfolio Public Institutions 14 bn.(15%) Large & Medium Corp. 10 bn.(11%) [ 5 ]

6 Market Potentials B2B Market Share 1.3% (2017) 4,000 (11%) Large Corp. 35,000 B2B 웹케시 Market 3,500, 만 44,000 (1.3%) SMEs 350,000 32,000 (9%) 2,000 (0.2%) SOHO 10,000 [ 6 ]

Organization and Business Areas Business e-finance System Business Public CMS Business Large Corp. CMS Business Small & Medium Corp.

Income/Expenditure Management R&D Expense Management Corporate Card Expense Management Standard SMBU Cash Management Service Income &

Service Accounting Management 19 Domestic Banks 4 Global Banks (Citi, HSBC, BNP Paribas, JPMorgan Chase) 151 Public Institutions 360

) 2,000 Companies R&D Center Customer Service Department Business Management Department Affiliate Companies Webcash Fit Webcash Networks

7 Organization and Business Areas Business e-finance System Business Public CMS Business Large Corp. CMS Business Small & Medium Corp. CMS Business SOHO 1) CMS Business Internet Banking Smartphone Banking Firm Banking Corporate Banking Budget Management Tax Income/Expenditure Management R&D Expense Management Corporate Card Expense Management Standard SMBU Cash Management Service Income & Expense Management Multi Account Management Sales Management Service Accounting Management HR and Payroll Management Sales Management Service Accounting Management 19 Domestic Banks 4 Global Banks (Citi, HSBC, BNP Paribas, JPMorgan Chase) 151 Public Institutions 360 Local Governments 30 Large Corporates 4,500 Medium Corporates 30,000 Companies Provide services to 9 Banks (IBK, KB, NH, KEB Hana, etc.) 2,000 Companies R&D Center Customer Service Department Business Management Department Affiliate Companies Webcash Fit Webcash Networks COOCON Bizplay Webcash Vector KOSIGN (Cambodia) MWI 2) (Japan) 1) Small Office Home Office: businesses in type of sole proprietorship 2) Miroku-Webcash International [ 7 ]

e-finance System Business Market Product 23 Banks Major Banks IBK, NH, Woori KEB-Hana, KB, Shinhan Local Banks KDB, NHDPF, SC Citi, DGB, Busan, BNK JB, KFCC, National Credit Union, Korea Exim,

e-finance One source, Multi platform support Multi language support Corporate internet banking B2B settlement system Mass data handling (2million trx.

8 e-finance System Business Market Product 23 Banks Major Banks IBK, NH, Woori KEB-Hana, KB, Shinhan Local Banks KDB, NHDPF, SC Citi, DGB, Busan, BNK JB, KFCC, National Credit Union, Korea Exim, Suhyup, KJB, Jeju Global Banks JPMorgan Chase, BNP Paribas, HSBC Retail internet banking Smartphone banking e-finance CMS J2EE based integrated framework (JEX Framework) JEX Framework specialized for e-finance One source, Multi platform support Multi language support Corporate internet banking B2B settlement system Mass data handling (2million trx./day), security Customer 12 Banks Revenue (2016) KRW 24.9 bn. (USD 22.3 mil.) 2017 Strategy YG Jung CEO of Webcash FIT IBK, KEB-Hana, KB, Woori KDB, NHDPF, Citi, DGB, JB BNK, National Credit Union, JPMorgan Chase Next Generation System Integration (KDB, KB, Woori) [ 8 ]

Public CMS Business Market 2,000 Institutions Product Solution for Public Agencies R&D Budget Subsidy R&D Project Labor Cost KH Noh Executive Director 1,200 Public Institutions Government agencies,

9 Public CMS Business Market 2,000 Institutions Product Solution for Public Agencies R&D Budget Subsidy R&D Project Labor Cost KH Noh Executive Director 1,200 Public Institutions Government agencies, Public enterprises 362 Local Governments Metropolitan governments, Primary local governments e-income & Expense SAN-ERP Budget e-tax Invoice To expand USD 340 billion of all government budget/fund management Local Government Solution Customer 400 Institutions Revenue (2016) National Health Insurance Service, KEPCO, Local Governments, Gyeonggido Office of Education 17 Offices of Education 400 Colleges and Universities e-expenditure Local Gov t Budget Treasury System e-income Local Tax Collection Corporate Card Monitoring Expansion and management of USD 210 billion of local government KRW 13.9 bn. (USD 12.4 mil.) 2017 Strategy e-expenditure for Office of Education [ 9 ]

Large Corporation CMS Business Market Product GY Koh Large Corporations Small and Medium Corporations ERP Cyber Branch Cash Income and Expense Revenue Bank Executive Director

27,000 Large corporate Financial Assets Expenditure Corporate Card Financial Reports ERP Interface Specialized CMS i-tms Framework Utilize financial agencies marketing channel

10 Large Corporation CMS Business Market Product GY Koh Large Corporations Small and Medium Corporations ERP Cyber Branch Cash Income and Expense Revenue Bank Executive Director Sole Proprietorship 35,000 Corporations # of Corporations with Revenue over KRW 1 tril. 400 KRW 500 bn. 300 KRW 100 bn. 7,000 KRW 10 bn. 27,000 Large corporate Financial Assets Expenditure Corporate Card Financial Reports ERP Interface Specialized CMS i-tms Framework Utilize financial agencies marketing channel Card Related Agency Conversion of contents platform based service according to segmented customer Customer 4,000 Corporations (11% M/S, 2016) Revenue (2016) KRW 10.4 bn. (USD 9.3 mil.) 2017 Strategy Cloud BRANCH [ 10 ]

Small & Medium Corporation CMS Business Market Product YI Jeon Large Corporations Small and Medium Corporations Product Service Finance and Accounting Sales and

/Payroll Card Customer 32,000 Corporations (9% M/S, 2016) Corporations Corporations with Revenue under KRW 10 bn.

11 Small & Medium Corporation CMS Business Market Product YI Jeon Large Corporations Small and Medium Corporations Product Service Finance and Accounting Sales and Logistics Bank Executive Director Sole Proprietorship 350,000 serp Enterprise Production and Inventory HR Mgmt./Payroll Card Customer 32,000 Corporations (9% M/S, 2016) Corporations Corporations with Revenue under KRW 10 bn. Value-added Products Banking/Budget Related Agency Expand Finance Management and Accounting Services with automation of financial transactions and documentary evidence Contents Breakdown by Customer Group Revenue (2016) KRW 21.3 bn. (USD 19 mil.) 2017 Strategy Smart CMS, Briefing [ 11 ]

SOHO 1) CMS Business Market Product BH Jang Large Corporations Daily Reports Voice Interface Executive Director Small and Medium Corporations

withdrawals, balances of all credit/debit cards and savings/checking accounts A voice user interface using natural language user interface KRW 0.

12 SOHO 1) CMS Business Market Product BH Jang Large Corporations Daily Reports Voice Interface Executive Director Small and Medium Corporations Sole Proprietorship 3,000,000 Companies Customer 2,000 Companies Revenue (2016) Daily report of total sales, total card payments, deposits, withdrawals, balances of all credit/debit cards and savings/checking accounts A voice user interface using natural language user interface KRW 0.3 bn. (USD 0.3 mil.) 2017 Strategy Jangbujang, the Virtual Financial Assistant 1) Small Office Home Office: businesses in type of sole proprietorship [ 12 ]

13 R&D Center WJ Kang Executive Director of Webcash Infrastructure Framework Technology Virtual Financial Assistant Information Security Design Platform JEX F/W Virtual Financial Assistant Information Security UI/UX Design Platform Mobile Banking Finance, Accounting Open API Platform in Financial Services Smart Billing System [ 13 ]

14 Customer Service Department: Webcash Networks GN Kim CEO of Webcash Networks 12 Regional Offices Infrastructure Customer Service Center Regional Offices 50 Professional Consultants 70 Professional Service Personnel Consultation Service - Inbound - Outbound Door to Door Service -Marketing -Installation and Education [ 14 ]

Affiliates: Bizplay The Number One Cost Expenditure Management Solution in Korea Chang Kyu Seok CEO of

Real-time Cost Expenditure Management Service for All Domestic Credit Cards on PC and Mobile First Cost

Medium Sized Corporations in Use since its Opening in August 2016 (3 corporations in every one hour in

15 Affiliates: Bizplay The Number One Cost Expenditure Management Solution in Korea Chang Kyu Seok CEO of Bizplay Former CEO of Webcash BP Corporate Credit Card BP Personal Credit Card BP Global Credit Card Real-time Cost Expenditure Management Service for All Domestic Credit Cards on PC and Mobile First Cost Expenditure Management Service in Korea for Personal Credit Cards & Global Credit Cards 7,000 Large & Medium Sized Corporations in Use since its Opening in August 2016 (3 corporations in every one hour in request for application) Since Aug Since Nov Since 1H Partnership with VISA, MASTER, AMEX in Progress [ 15 ]

Affiliates: COOCON Global Number One Business Information Provider with Exceptional Information Networking Technology We collect, connect and control COOCON Global Financial Security 50,000 types of

global financial institutions with a security center Major Patents HISTORY 2017 COOCON Integrated Control Center opened 2016 COOCON 2.

16 Affiliates: COOCON Global Number One Business Information Provider with Exceptional Information Networking Technology We collect, connect and control COOCON Global Financial Security 50,000 types of information Information API Business COOCON Service Cloud Business from 500 institutions 500 local institutions 23 countries Provide public/private cloud in the form of APIs 50,000+ businesses 1,500 global financial institutions with a security center Major Patents HISTORY 2017 COOCON Integrated Control Center opened 2016 COOCON 2.0 Information API Portal launched 2015 Scrapping Center in Japan established 2014 Joint establishment of Japanese scrapping company MWI with MJS(Japan) 2013 Scrapping Center in Cambodia established 2013 Server-based Scrapping Solution launched 2012 Scrapping Center in Australia established 2012 Real-time Global Account Inquiry Service launched Scrapping Application Technology 2004 Multi Scrapping 2006 Data Scrapping Scrapping Center in China established 2010 Exclusive network established for all local credit card companies & credit card VAN companies 2007 Exclusive network established for all local stock companies(20) 2006 COOCON Inc. established [ 16 ]

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