1. Overseas Business Trip Regulations

Article 1 Purpose
These regulations provide basic principles and procedures concerning overseas travel by an employee while on company business.

1.1. Article 2 Definition
Overseas business trip means that an employee makes a trip (up to one month long) overseas for company business. This one month means that the employee stays at the same location during the travel period. Short-term or long-term agreements will apply for other cases.

1.2. Article 3 Permission to Travel
Every overseas business trip of an employee requires advance permission from the head of department (HD) or the officer in charge if HD is not available, and the related CEO. Upon receiving permission for each trip, the employee shall be required to fill out and sign the business travel ledgers of his/her department, which have to be kept in the office.
Article 4 Application Form
All employees who are scheduled to go on an overseas business trip must complete the “Overseas Business Trip Application” form and receive prior approval according to the permission procedures. Upon final approval from the related CEO, the application form must be passed to the personnel office for verification and necessary arrangement for tickets and insurance, etc.

Article 5 Overseas Business Trip Expenses
Overseas business trip expenses are divided into four (4) items.
A. Transportation
B. Lodging
C. Meals
D. Miscellaneous

Article 6. Transportation Expenses
Transportation expenses are paid according to the following classification.

Position Airplane Local transportation
Bujang and above Business Class Public/Private transportation
Others Economy Class Public transportation

(1) Economy class is required for all positions for trips of less than 8 hours.
(2) Transportation should take the most economical route. The means of transportation should be used in a way that the most efficient and economic result is ensured.

1.3. Article 7. Lodging Expenses
(1) The choice of hotel has to be made in consideration of avoiding excessive expense. In doubtful cases the HD, or officer in charge if HD is not available, will provide guidance.
(2) The actual hotel charges are paid in accordance with the number of nights stayed for business.
(3) If the employee is staying at a facility provided by the company, there will be no lodging expenses, but local transportation, meal allowances and sundry/incidental expenses are paid.
(4) If accompanying a superior, lodging is assumed to be in the same hotel.
(5) If lodging is provided by an acquaintance, the company will pay a lodging charge (without receipts):
- For only one night: EUR10 or the equivalent amount in KRW.
- For two nights or more: EUR10 for first night and thereafter EUR60 per night or the equivalent amount in KRW.
* The above figures provide that the travel is assumed for Germany and other locations in its vicinity.

Article 8. Meal Allowances
(1) Meal allowances shall be paid according to the number of meals required on the business trip schedule. The actual cost of each meal shall be paid with receipts as verification, up to the following maximum amount.
Maximum amount per day: EUR 30
* This amount applies also for national holidays and non-working weekend days.
(2) In actual payment of the allowance, the following cases shall be considered.
1) Time on the airplane is not considered applicable for the meal allowance. For the time before/after the flight hours, the number of meals required shall be individually reimbursed.
2) For non-working days, the allowance will be paid according to the rates specified in the parentheses.
3) For an overseas business trip of longer than one week, the transportation allowance regularly paid for domestic activities will be deducted by the number of days traveled. The rate for each day will be calculated based on 20 days in a month.

Article 9. Miscellaneous Expenses
Miscellaneous expenses are paid in a moderate amount for charges for phone calls home and laundry costs etc. for trips longer than one week. Reasonable sundry expenses will also be paid reimbursed with receipts.

Article 10. Incidental Expenses
(1) Passport fees, visa fees, vaccines, medical checks, required tax payments, currency exchange fees, personal effects charges, etc.; the actual incidental expenses that are needed to travel overseas will be reimbursed with receipts.
(2) Communication expenses, meeting expenses etc., as far as reasonable for the purpose, will be paid upon approval from HD, or the officer in charge if HD is not available.

Article 11. Accident Insurance
The employee on a business trip overseas is insured against travel incidents including lost baggage during the trip. The insurance costs will be borne by the company. A moderate travel insurance package is arranged according to the nature and length of the trip.

Article 12. Report
A travel report must be submitted to the HD or the officer in charge if HD is not available, within a week after the employee returns from the trip. The application form in Article 4 and the Expenses Claim Form in Article 13 shall be included with the travel report.

Article 13. Settlement of Expenses
Travel expenses must be settled with the applicable receipts within a week after returning from the trip, after the Expense Claim Report Form is submitted. It must be signed by the respective HD and countersigned by the related CEO in accordance with the authorization signature regulation. For overseas trips accompanying a superior or customer, transportation expenses and meal allowances can be paid after approval from the HD.

Article 14. Advance Payment
The employee may receive an advance payment for overseas business trips if necessary before departure. The procedures in Company guidelines shall be followed.

Article 15. Working Hours and Travel on Weekends/Holidays
During the business trip, the employee shall be considered to have carried out his/her normal duties and overtime shall not be considered in principle. The holiday schedule of the nation in which the 00Korea staff is traveling on business will be observed.
However, for a business trip scheduled on weekends or holiday(s) for business reasons, the flight hours (over 8 hours) spent on such weekend or holiday(s) will be compensated with one day off on another date or paying overtime for the flight hours traveled. Employees at Assistant Section Manager and lower shall be eligible for overtime payments. In any case, the final decision on time off or payment will be made by the HD in charge.
Article 16. Overseas Training
Matters concerning trips for overseas training will be governed by separate regulations.

Article 17. Exceptions
Any exception to the regulation should have prior approval from the CEO in charge of that department.

Article 18. Other Items
(1) Other exceptions and corrections which are not stipulated in these regulations shall be determined by the CEO.
2. (2) The Company reserves the right to cancel or correct these regulations as necessary.