Contents. 1. Introduction of IIW. 2. Introduction of KWJS. 3. The 1 st International KWJS Welding Show. 4. Information of Welding Show

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2 Contents 1. Introduction of IIW 2. Introduction of KWJS 3. The 1 st International KWJS Welding Show 4. Information of Welding Show 5. Application Form, Terms & Conditions

3 1. Introduction of IIW International Institute of Welding

4 IIW(International Institute of Welding) Location Paris, France Foundation In 1948 by the welding institutes or societies in 13 countries Result over the past 40 years From the start the IIW set up international groups of specialists to study collectively the scientific. The scientific phenomena associated with welding and allied processes, their more efficient industrial application and the means of communicating information about them. Who runs IIW The policies of IIW are decided by the General Assembly on which are represented all the national member societies. The General Assembly elects the President of IIW and the members of the Board of Directors which directs the affairs of the IIW. The Board of Directors comprises twelve Directors among whom are elected the President, three Vice-Presidents and the Treasurer.

5 IIW(International Institute of Welding) Main Goals To identify, create, develop and transfer the best practices for sustainable development in a sustainable environment. To identify, develop and implement the IIW Education, Training, Qualification & Certification Programmes on a global basis. To promote the IIW and its Member Societies and services in various regions of the world for the common benefit of all. Standardization Objectives To organize the exchange of scientific and technical information, to encourage excellence in the field and to provide for the transfer of knowledge related to these techniques. To prepare recommendations, state-of-the-art reports and guidelines related to the technical field. To promote by all appropriate means the establishment of national welding institutes or associations in countries where these do not exist. To organize Annual Assemblies, International Conferences and International Congresses. To define guidelines for the education, training, qualification and certification of personnel involved in welding and to outline the rules for their application. To prepare and assist in the formulation of international standards, in collaboration with the International Organization for Standardization (ISO). To promote and encourage the development of a sustainable environment through welding activities.

6 Structure of IIW

7 Business Plan of IIW TMB (Technical Management Board) To identify, create, develop and transfer global best practices - Best practice development - Standardization - Network development - Health, safety and environment IAB, Com XIV (International Authorization Board, Commission XIV) To identify, develop and implement the IIW Education, Training, Qualification and Certification systems on a global basis - Administration and marketing of the IIW programmes - Standardization - ETQC programmes - Teaching methods and resources WG RA (Working Group Regional Activities) To promote IIW and its Member Societies and services in various regions of the world to the mutual benefit of all - IIW international events - Promote IIW worldwide - IIW WeldCare programme - Co-operation with other organisations

8 Business Plan of IIW WG COM (Working Group Communications & Marketing) To implement the IIW s outcomes - Agree the IIW publication of outcomes - Marketing and communications plan - IIW website - Marketing tools WG STAND (Working Group Standardization) To assist in the formulation and preparation of International Standardization documents - Develop standards - Promote the use of IIW Standards - Solve regional/international conflicts in standardization - Maintain good collaboration with ISO IIW Secretariat To provide quality services to IIW, IIW Member Societies and other organisations - Finances - Publications - IIW membership development - IIW Secretariat staff activities

9 IIW Members 56 Countries Europe 28 Asia, Oceania 18 America 5 Africa 5 Greece, Netherlands, Norway, Denmark, Germany, Romania, Russian Federation, Europe Belgium, Bulgaria, Lithuania, Serbia, Spain, Sweden, Switzerland, France, Italy, Africa Nigeria, South Africa, Egypt, (28 Countries) Slovenia, Austria, Ukraine, United Kingdom, Finland, Slovakia, Poland, Portugal, (5 Countries) Tunisia, Morocco Croatia, Czech Republic, Hungary, Macedonia Asia, Oceania (18 Countries) New Zealand, Libya, Lebanon, Vietnam, Malaysia, Singapore, Iran, Israel, India, Indonesia, Republic Of Korea, Japan, People's Republic Of China, Pakistan, Australia, Turkey, Thailand, Kazakhstan America (5 Countries) Brazil, United States, Mexico, Canada, Peru

10 Past Presidents of IIW Year Name Country Year Name Country B. Raj INDIA U. Girardi ITALY U. Dilthey GERMANY B. Jakobsson SWEDEN C. Smallbone AUSTRALIA H. G. Geerlings NETHERLANDS B. Pekkari SWEDEN W. Soete BELGIUM B. Braithwaite U.K F. L. Plummer USA Y. Fujita JAPAN K. Rühl GERMANY R. Timmerman ARGENTINA W. Edström SWEDEN N. F. Eaton CANADA U. Guerrera ITALY R. V. Salkin BELGIUM H. Biers USA F. Wallner AUSTRIA H. E. Jaeger NETHERLANDS J. F. Skriniar CZECHOSLOVAKIA P. Goldschmidt- Clermont BELGIUM

11 Past Annual Assemblies of IIW Essen, Germany 2013 Denver, United States 2012 * Annual Assembly Participants Istanbul, Turkey delegates 737 delegates 840 delegates

12 Past/Future Annual Assemblies of IIW Year Venue Date Annual Assembly Participants Int'l Conference 2004 Osaka, Japan 7.11~ Graz, Austria Singapore Istanbul, Turkey Chennai, India Denver, United States Essen, Germany Seoul, Republic Of Korea ,000 Estimated Participants 2015 Helsinki, Finland Melbourne/Brisbane, Australia Shanghai, People's Republic Of China - - -

13 2. Introduction of KWJS The Korean Welding and Joining Society

14 KWJS(The Korean Welding and Joining Society) Organizing Committee of KWJS(2013~2014) Position Name Affiliation Position Name Affiliation President Changhee Lee Hanyang University, Professor Nam Hyun Kang Pusan National University, Professor Hee-Seok Chang Myongji University, Professor Bong-Yong Kang Korea Institute of Industrial Technology, Director/Principal Researcher Jong-Won Yoon Dongeui University, Professor Business Director Hee-Seon Bang Chosun University, Professor Jeong-Han Kim Korea Institute of Industrial Technology, Executive Director Kyong-Ho Chang Chung-Ang University, Professor Vice President Sang-Rok Kim Hyundai Welding Company, President Kwang Choi RIST, Principal Research Dae-Soon Kim Hyundai Heavy Industries Co,Ltd. Executive Director ill-soo Kim Mokpo National University, Professor Jong-Sub Lee POSCO, Research Fellow Cheolhee Kim Korea Institute of Industrial Technology, Principal Research Woong-Seong Chang RIST/MOTIE, Program Director Research Director Young-Whan Park Pukyong National University, Professor Sehun Rhee Hanyang University, Professor Ju-Yong Park Korea Maritime and Ocean University, Professor Auditor Jin-Soo Jeon Korea Institute of Materials Science, Principal Researcher Ha-Taek Chung Daewoo Shipbuilding & Marine Engineering Co., Ltd., Research Fellow Director of General Affairs Yeong-Do Park Dong-Eui University, Professor Jaewoong Kim Yeungnam University, Professor Finance Director Editor in Chief Hyun-Uk Hong Seung-Boo Jung Changwon National University, Professor SungKyunKwan University, Professor Technology Director Joong-Do Kim Ki-Young Park Samsung Techwin Co., Ltd. Research Fellow Institute for Advanced Engineering, Principal Engineer Vice editor in Chief Jae-Pil Jung University of Seoul, Professor Dong-Soo Oh Korea Polytechnic Ⅶ College, Professor Myung-Hyun Kim Pusan National University, Professor Taewon Jang Samsung Heavy Industries Institute, Senior Manager Hae-Woo Lee Dong-A University, Professor Sang-Gi Ko Hyundai-Steel, Director Editor il-wook Han Won-Sik Hong POSCO, Group Leader Korea Electronics Technology Institute, Director Director Jong-Do Kim In-Sung Chang Korea Maritime and Ocean University, Professor Hyundai Motor Company, Director

15 KWJS(The Korean Welding and Joining Society) History of Annual Conference Spring Conference Autumn Conference Year Date Location Venue Date Location Venue Daegu EXCO Busan BEXCO IWJC-2012(Jeju) Ramada Plaza Jeju Hotel Changwon CECO Changwon CECO Gwangju KIMDAEJUNG Convention Center Seoul Seoul National Univ. of Science & Technology Daejeon DCC Changwon CECO Jeju ICC Jeju Daejeon DCC Incheon Songdoconvensia COEX IWJC-2007(Seoul) Jeonju Chonbuk National Univ Samcheok Kanwon National Univ. of Samcheok Campus Busan Marriott Hotel Seoul COEX Sancheong Samsung Sancheong Corp Jeju Jeju National Univ Cheonan Korea Univ. of Technology & Education Busan Busan national Univ Pohang RIST Daejeon Chungnam National Univ Seoul COEX Seoul COEX Ulsan Ulsan Univ Cheonan Cheonan national junior technical college Busan Korea Maritime & Ocean Univ Seoul Hanyang Univ Daejeon Daejeon Institute of Technology Geoje Samsung Heavy Industries Co., Ltd Jeonju Chonbuk National Univ Seoul COEX Daejeon KIMM Gwangju Chosun Univ Changwon Hankuk Heavy Industries Co Kyeongju Chosun Hotel Seoul COEX Geoje DSME Pohang POSTECH Ulsan Hyundai Heavy Industries Seoul COEX Jeonju Chonbuk National Univ Seoul COEX Busan Busan National Institute of Technology Changwon KIMM Changwon Changwon City Facilities Management Corp Seoul Korea Federation of SMEs Seoul Korea Federation of SMEs Daejeon Chungnam National Univ Busan Youth Hotel Seoul COEX Kyeongju Kolon Hotel Seoul KEPCO/COEX Changwon Korea Polytechnic, Changwon Campus Busan Busan Vocational Training Center Busan Korea Shipbuilding & Engineering Corp Pohang POSCO Kyeongju Chosun Hotel Geoje DSME Changwon HanKuk Heavy Industries. Co Ulsan Hyundai Heavy Industries 1982 The inaugural meeting of the KWJS Daejeon Korea Institute of machinery & materials

16 KWJS(The Korean Welding and Joining Society) History of International Conference Year Title Date Venue Host/Organize The 67 th Annual Assembly & International Conference of the International Institute of Welding International Welding & Joining Conference-Korea 2012 (IWJC-Korea 2012) The 5 th KWJS-JWS Joint Symposium of Young Researchers 7.13~18 Sheraton Grand Walkerhill, Seoul The Korean Welding and Joining Society 5.8~11 Ramada Plaza Jeju Hotel, Jeju Island The Korean Welding and Joining Society Jeju Convention Center, Jeju Island The Korean Welding and Joining Society 2009 The 4 th Korea-China Welding Forum Jeju Convention Center, Jeju Island The Korean Welding and Joining Society Korea-Japan Int'l Joint Symposium of Welding Metallurgy Jeju Convention Center, Jeju Island 2008 KWJS Asian Symposium 7.28 Pusan University, Busan International Welding & Joining Conference-Korea 2007 (IWJC-Korea 2007) The Korean Welding and Joining Society, Welding Metallurgy Committee The Korean Welding and Joining Society, Welding Strength Committee 5.10~12 COEX, Seoul The Korean Welding and Joining Society 2007 The 2 nd Korea-China Welding Forum 5.10 COEX, Seoul The Korean Welding and Joining Society The 3 rd KWJS-JWS Joint Symposium of Young Researchers Joint Symposium of Korea/Japan Welding Metallurgy Committee Korea-Japan Joint Symposium on Microjoining Technology The 1 st KWS-JWS Joint Symposium of Young Researchers International Welding & Joining Conference-Korea 2002(IWJC-Korea 2002) The 1 st Korea/Japan Joint Workshop on Joining Technology 5.10 COEX, Seoul The Korean Welding and Joining Society Marriott Hotel, Busan 8.29 Korea Maritime and Ocean University, Busan The Korean Welding and Joining Society, Welding Metallurgy Committee The Korean Welding and Joining Society, Micro-Joining and Packing Committee 6.24 COEX, Seoul The Korean Welding and Joining Society 10.28~30 Hilton Hotel, Gyeongju The Korean Welding and Joining Society Seoul National University, Seoul The Korean Welding and Joining Society, Micro-Joining and Packing Committee

17 KWJS(The Korean Welding and Joining Society) KWJS Members: 71 Companies Special Members _ Special Class No. Company Name 1 POSCO 2 Hyundai Heavy Industries 3 HYUNDAI WELDING CO., LTD 4 HYUNDAI STEEL Special Members _1 st Class No. Company Name No. Company Name 1 Hanjin Heavy Industries & Construction Co., LTD. 9 Sungdong Shipbuilding & Marine Engineering Co., Ltd. 2 Samsung Heavy Industries Co., Ltd. 10 Miyachi Korea Corp. 3 DSME(Daewoo Shipbuilding & Marine Eng.) Co., Ltd. 11 Kepco Plant Service & Engineering Co., Ltd. 4 HYUNDAI MOTOR CO.,LTD 12 Korea Hydro & Nuclear Power Co., Ltd. 5 ESAB SeAH Corp. 13 Korea South-East Power Co., Ltd. 6 Doosan Heavy Industries & Construction Co., Ltd. 14 Korea Westernpower Co., Ltd. 7 STX Offshore & Shipbuilding Co., Ltd. 15 Gunjang energy Co., Ltd. 8 Daehan Shipbuilding Co., Ltd. 16 Abicor Binzel Korea Ltd.

18 KWJS(The Korean Welding and Joining Society) KWJS Members: 71 Companies Special Members_ 2 nd Class No. Company Name 1 DONGKUK S&C 2 Steel Flower Co., Ltd. 3 HYOSUNG Special Members _3 rd Class No. Company Name No. Company Name 1 KOREA GAS CORPORATION 7 Germani Celloid 2 KOBE welding of KOREA 8 Hyundai Mipo Dockyard Co., Ltd. 3 Chosun Welding Co., Ltd. 9 Weltech Co., Ltd. 4 KISWEL Co., Ltd. 10 Posco Plantec 5 Korean Register 11 BEST F. A Co., Ltd. 6 Hyundai Heavy Industries Co., Ltd. 12 Taeyoung

19 KWJS(The Korean Welding and Joining Society) KWJS Members: 71 Companies Special Members_ 5 th Class No. Company Name No. Company Name 1 Korea Welding Industry Corporative 19 Dsec 2 I.W.S Co., Ltd. 20 IS-Korea 3 Trumpkorea Co., Ltd. 21 Eurovision 4 SeAH Steel Corp. 22 Gyeongbuk Hybrid Technology Institute 5 Sungwoo Hitech 23 Sejong Industrial Co., Ltd. 6 Sewoncellontech Corp. 24 Dweltech Co., Ltd. 7 Myung San Co., Ltd. 25 Shinhan Diamond Industrial Co., Ltd. 8 Dongyang Steel Pipe Co., Ltd. 26 Mee Tech 9 Sejung Corp. 27 Leaspi 10 Powwel Co., Ltd. 28 Korea Optical Metrology Industry 11 SK Brazing Co., Ltd. 29 Kyungdong 12 IPG Korea Co., Ltd. 30 DY Weltec Co., Ltd. 13 Daeshin Gangup Co., Ltd. 31 Samsung Total Petrochemicals Co., Ltd. 14 Monitech Co., Ltd. 32 SEJIN S&T 15 Ajin Industrial Co., Ltd. 33 DONGIL Ceramics 16 Seoul Machinery Co., Ltd. 34 SSaul Bestech Co., Ltd. 17 Laserline Korea Co., Ltd. 35 Cloos Korea 18 Lloyd s Register 36 Center for Education of Welding Engineer

20 3. The 1 st International KWJS Welding Show

21 Outstanding Features of This Welding Show History of Various Welding Shows hosted in Korea No (substantial) International Welding Exhibition during last 30 years The 1 st International Welding Show organized by Korean Welding and Joining Society For the first time, KWJS hosts the 67 th IIW Annual Assembly from July 13 th to 18 th, KWJS organizes the 1 st International Welding Show as a concurrent event with IIW Annual Assembly. Provide Unprecedented Business Networking in Korea Exchange state-of- the-art technology in Welding and Joining Intensive Business Meeting during Welding Show with Korean Major Shipbuilding/Steel/Auto Corporations (DSME: 6 booths & HYOSUNG: 9 booths and much more to join) Notable strategies of this welding show Extended Operating Hours Extend operating hours from 9:00~17:00 to 09:00~20:00, Provide time to visit welding show after IIW Meetings Easy Access to Welding Show(Exhibition) from IIW 2014 Venue ( ALL IN ONE SPOT) The Venue has all the facilities of Annual Assembly, Conference, Welding Show and Accommodation

22 Expectation of Welding Show Status of IIW Concurrent Welding Show with IIW Annual Assembly - IIW Annual Assembly has been held for 66 years. - IIW has 56 member countries all over the world. - Over 1,000 participants will visit the 1 st International KWJS Welding Show. Maximize Effectiveness of Promotion Targeting and Intensive PR to IIW 2014 Attendees(Potential Customer: International Welding specialists) - Statistics of 4,068 Attendees for 5 years and 813 Attendees for annual - Estimated 1,000 Attendees in IIW 2014(900 Attendees in IIW 2013) Chance for positioning your company to Korean Market - The level of Korean steel consumption is 5 th rank in the world. - Big Customers such as DSME, HYOSUNG, Doosan etc. will participate in Welding Show 2014.

23 Significance of participating in Welding Show Necessity of participating in Welding Show Positioning your Name Value to IIW Annual Assembly participants Effective promotion on IIW 2014 attendees & the 1 st International KWJS Welding Show Shipbuilding Motors 8% 24% 31% 21% 16% Semiconduct or & Electronic component Construction Etc Demands on Welding industries Korean steel consumption is 5 th rank in the world. < IIW 2013 General Assembly data book >

24 4. Information of Welding Show The 1 st International KWJS Welding Show

25 Overview Title: The 1 st International KWJS Welding Show Date: 15 th (Tue)~ 17 th (Thu) July, 2014(for 3 days) Venue: B2 Vista Hall, W Seoul Walkerhill Hotel Hosted by: The Korean Welding and Joining Society(KWJS) Participants: Welding Specialist & Attendees in IIW Annual Assembly Scale: B2(1,732 m2 ) + B3(1,224 m2 )=2,956 m2 (161 booths) Item: Welding, Cutting, Auxiliary equipment & Tools, Environmental improvement & Safety supplies and etc.

26 Lay-Out W Seoul Walkerhill Hotel B2 Vista Hall B3

27 Lay-Out Booth lay-out(tentative) _ B2 Vista Hall Scale: 1,732 m2 / 96 booths [ 22 m ] [ 77 m ]

28 Lay-Out Booth lay-out(tentative) _ B3 Scale: 1,224 m2 / 65 booths [ 18 m ] [ 68 m ]

29 Application Flow & Method Application Fee & Flow Application Submit Application From & Business license Deposit payment Deposit 50% of total cost Payment within 1 week after applying Balance Payment Until 16 th June, 2014 Additional facility application & payment Open Welding Show Bringing-in goods & Receive Nametag Submit Application Form - Documents: Application form 1, Business license 1 - Method: Fax( ) or (exhibition@iiw2014.com) Period: First come, first served Payment - Deposit: Deposit 50% of total cost within 1 week of submitting application - Balance: Until 16 th June, 2014(incl. 10% VAT) Bank Account - Name of Bank: WOORI BANK / Account Number: / Account Holder: The Korean Welding and Joining Society( 대한용접접합학회 ) / Swift Code: HVBKKRSE / Bank Address: 1F #823, Yeoksam-dong, Gangnam-gu, Seou, Korea Sender s name must be the Company Name Cost of Participation * 1 booth 9 m2 (3m x 3m) / Excl. 10% VAT Booth Type Early Bird(~28 th Feb, 2014) Cost(KRW) Regular Remarks Shell Scheme KRW 4,500,000 KRW 5,000,000 Space + Equipment Space Only KRW 3,150,000 KRW 3,500,000 Space Only, Min. 2 booths Deposit 50% of Total Cost(Inclusive 10% VAT)

30 Booth Type & Provides Booth Type & Provides Space Only - Provides Only Space: Exhibitor must select a constructor to self-build stand with no additional services - Submit documents for self-build stand to IIW 2014 Secretariat Shell Scheme - Provides Space, Walls and Equipment - Equipment: Booth Walls, Company Name Sign, Carpet, Desk & Chair 1 set, Lights, Consent 2 hole 1, Electricity 1kw Sample of Exhibition Booth(3m x 3m)

31 5. Application Form, Terms & Conditions The 1 st International KWJS Welding Show

32 Application Form of Welding Show 1. Company Information Company CEO Website Deposit of 50% of total cost within 1 week of submitting entry application and complete the application according to payment date. Address Name Department/ Position / Balance Payment : Until 16 th June, 2014 Bank Account Manager Exhibit goods Phone (Office) (Mobile) Fax Name of Bank: WOORI BANK Account Number: Account Holder: The Korean Welding and Joining Society( 대한용접접합학회 ) Swift Code: HVBKKRSE Bank Address: 1F #823, Yeoksam-dong, Gangnam-gu, Seou, Korea Sender s name must be the Company Name 2. Cost of Participation(Excl. 10% VAT) We accept the entry regulations and agreement conditions (recorded on Category Cost (KRW) No. of Booth Total Cost (Incl. 10% VAT) Remarks reverse side) and agree to execute the application and agreement to participate in The 1 st International KWJS Welding Show. Shell Scheme Space Only KRW 5,000,000(3mx3m) KRW 4,500,000 (Early Bird) KRW 3,500,000(3mx3m) KRW 3,150,000 (Early Bird) booth booth KRW KRW Space + Equipment Provides only floor space Attachment: Business license 1 Copy, Deposit bank remittance receipt 1 Copy Date Company : Deposit 50% of Total Cost(Inclusive 10% VAT) CEO : (sign) Secretariat of IIW 2014 Tel : Fax : exhibition@iiw2014.com IIW 2014 Organizing Committee

33 Terms & Conditions of Welding Show Article 1 (Definition of Terms) -"Exhibitor" refers to an exhibition exhibitor, such as an individual, company, institution or group, which has submit ted the stipulated participation contract for participating in this Exhibition. - Welding Show" refers to The 1 st International KWJS Welding Show. - "Host Organization" refers to IIW 2014 Organizing Committee '. Article 2 (Application for participation and Contract) - An individual or entity that wishes to participate in this Welding Show shall prepare and submit to the Host Organi zation the participation contract and pay 50% of participation fee for the execution of the contract for participating i n the Welding Show. However, in the event that it is considered that there is no space to display or the item for We lding Show is not adequate for the Welding Show, the Host Organization may refuse to accept the application for p articipation. Article 3 (Assignment of Booth Location) - The Host Organization will assign the exhibition location according to the order of application and payment of part icipation fee and the nature of exhibit. The Host Organization may change the assigned exhibition location, if it considers that such change is necessary f or overall operation of exhibition hall, considering space balance, view efficiency, exhibition effect, etc. Such chang e will be made at sole discretion of the Host Organization, and the Exhibitor may not claim compensation for the re sult of change. Article 4 (Management of Exhibition Hall) - In the event that the Exhibitor exhibits any items different from the exhibits specified in the application form or any items that are not adequate to the nature of exhibition, or attempts to directly sell any items without approval of the Host Organization, the Host Organization may order immediate suspension, evacuation or removal of the exhibit it ems. In such case, the participation fee shall not be refunded and the Exhibitor may not claim for damage. - The Exhibitor shall not assign nor transfer the assigned exhibition area to any third party, in whole or in part, without the written consent from the Host Organization. Article 5 (Payment Terms) - The Exhibitor shall make payment of the contract deposit equivalent to 50% of the participation fee within seven (7) days from the submission of the contract and then make full payment of the remaining amount no later than Ju ne 16 (Monday), In the event that the Exhibitor fails to make payment within the specified date, the Host Organization may termina te the participation contract and shall not claim for refund of any paid participation fee. - In the event that non-payment of Exhibitor, the Host Organization may able to seize Exhibitor's exhibits. Article 6 (Termination) - In the event that the Exhibitor refuses to use the assigned exhibit booth in whole or in part or fails to make payment of the participation fee within the specified period, the Host Organization, at its sole discretion, may terminate the participation contract and, in such case, shall not refund any paid participation fee. Any renunciation of participation by the Exhibitor without the approval of the Host Organization shall not be entitled to have refund of the participation fee. - In the event that the Exhibitor cancels its participation after submission of the application form, the Exhibitor shall pay a cancellation fee specified in the following; provided, however, that any paid participation fee shall be deducted as a cancellation fee and any shortage shall be additionally paid or any surplus shall be returned. - In the event of abandonment or rejection of all allocated space, the organizer has the right to cancel the exhibitor s application. In this case, the participation fee already paid will not be refunded, unless abandonment or rejection of allocated space as a result of force majeure. Article 7 (Cancellation or change of Welding Show) - In the event that the Host Organization cancels the Welding Show, it shall refund the paid participation fees to the Exhibitor. However, in the event that the Welding Show is cancelled or its schedule is changed or reduced due to special circumstances not attributable to the Host Organization, such as Force Majeure, the participation fee shall not be refunded. In such case, the Exhibitor shall not claim for damage against the Host Organization. Article 8 (Taking-out of Equipment of Welding Show) - The Exhibitor shall not take out the exhibits before the end of exhibition. - The Exhibitor shall take out all exhibits and equipments within the specified period. In case of any delay in taking-out, the Exhibitor shall pay to the Host Organization any and all costs and expenses borne by the Host Organization. Article 9 (Security, risk bearing and insurance) - The Host Organization shall take necessary security measures for the Exhibitors and visitor. - The Exhibitor shall be liable for damage and loss of the equipments and exhibits placed within the assigned area that may occur during the period of exhibition or delivery / installation / removal of the exhibits. Article 10 (Dispute Resolution) - Any dispute arising out between the Host Organization and the Exhibitor with respect to the interpretation of the Rules on Participation in Welding Show or any dispute in connection with the rights and obligations of both parties shall be governed by the arbitration of the Korean Commercial Arbitration Center, and the decision of arbitration shall be final and non-actionable to a court.