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unications Korea 2014 (Updated in April 2015)

Carbon filament incandescent lamp invented by Thomas Edison in 1879

About GE

GE in Korea

GE Meets Korea

24

Sustainable Management

38

Vision & StrategyOverview of Businesses in Korea

26

Commitmentfor Korea

40

30

GE Works

4

Key Initiatives

12

GE at a Glance

6

Leadership Development

18

Innovation

10

Citizenship

20

GE traces its beginnings to Thomas A. Edison, who established Edison Electric Light Company in 1878. In 1892, a merger of Edison General Electric Company and Thomson-Houston Electric Company created General Electric Company. GE is the only company listed in the Dow Jones Industrial Index today that was also included in the original index in 1896.

General Electric Company

“I find out what the world needs. Then I go ahead and try to invent it.”

- Thomas A. Edison

GE believes that better ideas by people can build a better world.

2 About GE 3

We look at what the

world needs

A beliefin a better

way

A relentlessdrive to invent

and build thingsthat matter

A worldthat works

better

The GE Works Equation

“GE is the world's most competitive infrastructure company committed to changing and further advancing global markets.”

- Jeff Immelt, Chairman and CEO

Building, powering, moving and curing the world.Not just imagining. Doing. GE works.

GE Enterprise Advantages

Technical leadership &

scale

Culture of simplification

: low cost + speed

Growth market capabilities

: breadth & depth

Services driving customer outcomes

through analytics

GE Portfolio Goals

We have made major investments to strengthen our infrastructure

portfolio, have substantially reduced our financial services businesses and

have sold non-core businesses that lacked competitive advantage.

Valuablespecialty finance

10%

90%Premierinfrastructure company

By 2018

4 About GE 5

GE Works GE works on things that matter.

Healthcare

GE Healthcare provides transformational

medical technologies and services that

are shaping a new age of patient care.

Broad expert ise in medical imaging

and information technologies, medical

diagnostics, patient monitoring systems,

drug d iscovery , b iopharmaceut ica l

manufacturing technologies, performance

improvement and performance solutions

services help our customers deliver better

care to more people around the world with

sustainable healthcare systems.

Appliances & Lighting

Since 1907, GE Appl iances has been

a cont inuous leader in innovat ion ,

introducing advanced home products

that enhance quality of customers' lives.

GE Lighting brings light to the world with

advanced technologies and products for

residential and commercial areas, leading

to greater efficiency and less environmental

impact than ever before.

Oil & Gas

GE Oil & Gas is a world leader in advanced

technology equipment and services for all

segments of the oil and gas industry, from

exploration and production to downstream.

Solutions range from drilling, offshore and

subsea, gas storage and pipeline, refinery

and petrochemicals to industrial power

generation.

Energy ManagementEnergy Management is GE's electrification

business, making energy safer and more

useful through abilities to transmit, distribute

and convert electricity. Energy Management's

electrical solutions in digital energy, power

conversion, and energy consulting allow

utilities and energy-intensive industries such

as oil & gas, marine, data centers, metals

and mining to efficiently manage electricity

from the point of generation to the point of

consumption.

Capital

GE Capital is an extension of GE's rich

heritage of building and supporting growth.

GE Capital provides smarter financing

to help our customers' capital go further

and do more around the world. GE Capital

provides insight and knowledge in every

product , where businesses that finance

with GE Capital can benefit from the global

know-how and expertise of GE.

Power & WaterWith a broad array of power generation

a n d e n e rg y d e l i ve r y t e c h n o l o g i e s ,

GE Power & Water works in several

areas of the energy industry, including

renewable resources such as wind,

biogas and alternative fuels, and coal,

oil, natural gas, and nuclear energy.

Power & Water also develops advanced

technologies to help solve some of

the world's most complex challenges

related to water availability and quality.

Transportation

GE Transportation is a global technology

leader and supplier to the railroad, mining,

marine, stationary power, drilling and energy

storage industries, including freight and

passengers locomotives, railway signaling

and communications systems, information

technology solutions, motorized drive

systems for mining trucks and drills, marine

engines, and high-quality replacement parts

and value added services.

AviationFrom America's first jet engine, turbosuper

charger to the world's most powerful

commercial jet engine, GE's history of

powering the world's aircraft features more

than 90 years of innovation. GE Aviation

is a world-leading provider of jet and

turboprop engines, components and

integrated systems for commercial, military,

business and general aviation aircraft, and

ship propulsion applications with a global

service network to support these offerings.

6 About GE 7

GE At a Glance GE finds solutions in energy, health and home, transportation and finance withthe best people and the best technologies taking on the toughest challenges.

Organization Chart

OperatingEarnings

305,000305,000 employeesworldwide

(As of 2014)

Operating in175 countries

175

Capital$42.7 Billion (29%)

Transportation$5.7 Billion (4%)

Appliances & Lighting $8.4 Billion (6%)

Healthcare$18.3 Billion (12%)

Energy Management$7.3 Billion (5%)

Oil & Gas$18.7 Billion (13%)

Power & Water$27.6 Billion (19%)

Aviation$24.0 Billion (16%)

$15.2 Billion$16.7 Billion

Cash Flowfrom Operating Activities

Jeffrey R. ImmeltChairman and CEO

Board of DirectorsShareowners Corporate Executive Office

Consolidated Revenues

$148.6 Billion

ITFinanceHuman ResourcesGlobal ResearchLegalCommercial,Public Relations

Capital Appliances& Lighting

GlobalGrowth

Organization

Oil& GasAviation Energy

ManagementHealthcare Power& WaterTransportation

Business

Corporate Staff

World's Most Admired CompaniesFortune

World's Most Ethical CompaniesEthisphere Magazine

Top Global Innovators Thomson Reuters

Best Companies for LeadershipHay Group

The World’s Top Company for LeadersAon Hewitt

Global 100 Most Sustainable Corporations Corporate Knights

Top Equality Index Rating of Fortune 1,000 CompaniesHuman Rights Campaign

2004-2015

2007-2015

2013-2014

2012-2014

2014

2010-2015

2013-2015

8 About GE 9

GE has been acknowledged in the fields of ethical management, sustainability, innovation and leadership.

Facts & Figures

2004

GE launches LMS 100™, the new high-efficiency simplecycle gas turbine.

LMS 100™ gas turbine

2007

GE introduces the world's f irst 24-cylinder gas engine producing energy more efficiently and providing cleaner on-site power generation.

World's first 24-cylinder gas engine

1970

Dynamic Positioning (DP) system allows a vessel to automatically maintain its position enroute to its destination.

Dynamic Positioning system for marine vessels

Carbon fiber filamentincandescent lamp

Thomas Edison invents the first carbon filament incandescent lamp.

1879

In less than one year, GE builds America's first jet engine - I-A.

America's first jet engine – I-A

1942

GE Voluson provides physicians more information and better image quality.

World's first 4D Ultrasound System - GE Voluson

2002

GE builds the world's largest electric locomotives (90 tons) and transformers (800 kW).

World's largest electric locomotive

1895

GE starts production of the first hermetically sealed home refrigerators.

First hermetically sealed home refrigerators

1917

GE Global Research is one of the world's most diversified industrial research organizations, providing innovativetechnology for all of GE's businesses. Global Research has been the cornerstone of GE technology for more than100 years, and is now focused on developing breakthrough innovations in areas such as molecular medicine,alternative energy, nanotechnology, advanced propulsion and power conversion technologies.

GE Global Research is headquartered in Niskayuna, New York and has facilities in San Ramon, California; Bangalore, India; Shanghai, China; Munich, Germany; and Rio de Janeiro, Brazil. Every day, more than 3,600 researchers push technology to its limits to drive growth for the GE businesses and take on the world's toughest challenges.

We know GE Works because, since our founding, we've imagined and built an astonishing array of innovations once considered futuristic. And because the people of GE Global Research have a relentless passion for finding solutions that will improve our lives and make the world a better place.

Portable X-ray machine

1920

GE develops an X-ray machine, weighing only 20 pounds, suitable for dental and portable use.

First commercial use ofradar for vessels

1945

GE demonstrates the first commercial use of radar, allowing vessels to navigate safely.

GE engine to power the US President's aircraft, Air Force One

1974

GE became the market leader of engines for wide-body aircraft including the engines for US Air Force One.

GE Vscan, a handheld ultrasound device

2009

GE introduces Vscan, a handheld, pocket-size ultrasound device that helps doctors extend the reach of healthcare.

2013

GE's software platform for the Industrial Internet connecting machines, data and people.

Durathon Battery

2012

GE's innovative Durathon Battery can function in extreme temperatures with its reduced volume and weight.

1. SAN RAMON, USA

3. VAN BUREN, USA

4. NISKAYUNA, USA

2. OKLAHOMA CITY, USA

5. RIO DE JANEIRO, BRAZIL

7. TIRAT CARMEL, ISRAEL

6. MUNICH, GERMANY

8. BANGALORE, INDIA

9. SHANGHAI, CHINA

1 23 4

5

6

8

7 9

Edison Electric Light Company Birth of GE

1878 1892

Thomas Edison forms the Edison Electric Light Company.

General Electric Company is formed by merging the Edison General Electric Company and the Thomson-Houston Company.

GE launches Predix

10 About GE 11

InnovationAcceleration for Innovative Technology

Global Research Center's Global Network

GE: Innovative Technologies that Changed the World

Healthymagination is working toward better health for more people. GE is committed to continuously developing and investing in innovations that deliver high-quality, more affordable healthcare to more people around the world.

GE's Healthymagination products, having been validated by international monitoring and analytics companies, are spearheading innovation in the healthcare industry. GE also ensures to improve well-being of GE employees and their families through its 'HealthAhead' program, a company-wide initiative to promote healthier living and working environment by exercising and managing nutrition balance and stress.

Healthymagination Progress

GE Sustainability Report: 2014 Healthymagination Progress http://www.gesustainability.com/2014-performance/healthymagination/

Ecomagination Progress

GE Sustainability Report: 2014 Ecomagination Progress http://www.gesustainability.com/2014-performance/ecomagination/

Healthymaginationvalidated products

100HealthAhead

sites

500Lives touched

+1.5 Billion Invested in R&D

toward the original$6 Billion goal

$4.7 Billion 70% of global GE employee

population impacted positivelyby HealthAhead

213,500 R&D

Invested $15 Billion since launch

Greenhouse Gas Emissions

Reduced by 32% since its 2004

baseline

+$200 Billionsince launch

Ecomagination Revenue

Fresh Water Use

Reduced by 45% from its 2006

baseline

Saved+$300 Million

Energy Cost

Ecomagination is GE's commitment to technology solutions that save money and reduce environmental impact for its customers and GE's own operations. Since its 2005 launch, Ecomagination has been driving fundamental changes in corporate perception towards the environment and energy.

GE is fully engaged in R&D for innovative products geared to increase energy efficiency and economic growth. GE endeavors to minimize environmental impact and maximize energy cost reductions in various fields of industries such as power, aviation and transportation, by utilizing unconventional resources including wind power, photovoltaics, fuel cell and natural gas.

12 About GE 13

Ecomagination Healthymagination

Key Initiatives

3D printing

Over 20 years, GE has been conducting research activities in relation to additive manufacturing including 3D printing. GE is committed to develop 3D printing applications applicable to all areas of GE's business realms, ranging from healthcare to energy.

More than 300 3D printers are under operation today. Our additive manufacturing technology has saved production time and cost by 25% and 30%, respectively.

GE's Industrial Internet solutions are bringing about a new world of innovation and changes for its customers. Industrial Internet connects machines to machines to increase productivity and efficiency across industries. GE has invested more than $1 Billion in Industrial Internet and provided more diversified services to its customers, allowing them to save cost and enhance productivity.

GE's 'RailConnect 360 Monitoring & Diagnostics' provides locomotive status and performance information, while enabling advance planning of resources and materials, informed decision-making in regards to allocating, running androuting locomotive assets, predictive maintenanceas well as accurate and measurable repairs at the shop.

Parts production process for wind turbine through 3D printing Miniature of GEnx jet engine produced through 3D printing

GE continues to innovate with advanced technologies and materials to enhance speed and efficiency, digitalizing manufacturing processes and systems.

Future of Industry

Advanced Manufacturing

- New Tools & Technology- Agile Manufacturing & Systems- Open Interfaces & New Communities

Industrial Internet

- Brilliant Machines- Predictive Analytics

- People at Work

1514 About GE

Advanced Manufacturing Industrial Internet

Simplification means quicker execution and closer collaboration with customers.It's a focus on efficiency, speed and market impact. With fewer layers and more field empowerment , we're putting accountability where it matters. We are increasing customer intensity throughout the company, so that all of us are aligned with market success.

Simplification Drivers

FastWorks is a set of tools, principles and behaviors that will help us get better outcomes for our customers quickly, especially in an increasingly ambiguous and constantly changing world. FastWorks is one of the ways GE is delivering on Simplification.

Key elements of FastWorks include simplified procedures and continuous communication with customers; throughout the process of new product introduction (NPI), we constantly seek customer feedback and reflect them to increase customer satisfaction and chances of success.

FastWorks is driving impact in business processes at GE ranging from Aviation, Healthcare, and Lighting to Transportation, working to improve customer experience & outcome and reduce time to implement internal systems.

Speed& Competitiveness

Faster & more collaborative approach for new product introductionsReduce cycles and improve on time performance

LeanManagement

Simplified organization with regional empowerment Fewer layers and P&L

IT Foundation Fewer ERPs and more reliabilityEnable speed, innovation, and compliance through digital capability

CustomerIntensity

Empower local decision-makingBetter commercial operations and engagement

16 About GE 17

Simplification'Simplification' is a cultural revolutionthat will change the way of working at GE.

GE is one of the world's leading companies committed to nurturing great leaders with its culture of leadership development. At Crotonville, GE's global leadership institute, we seek to define the state of the art leadership, connecting with the most influential thinkers in academia and business, and creating transformative learning experiences to inspire, connect, and develop the GE leaders of today and tomorrow.

2,100 course offerings were made across 200 locations in 2014, where 44,200 employees and customers participated in a Crotonville experience.

Each year, GE invests more than $1 Billion in employee development worldwide, reflecting our fundamental commitment to our people, our customers, and all we serve.

The leaders we serve at Crotonville are diverse. They represent a variety of geographies, cultures, backgrounds, and career stages. To serve their needs, we ensure that every Crotonville experience – our main campus in New York, our Global Learning Centers in Germany (Munich), Brazil (Rio de Janeiro), India (Bangalore), UAE (Abu Dhabi), and China (Shanghai), GE sites or anywhere in the world – helps participants take giant steps forward on their leadership journeys.

“At GE, we view leadership development as integral to our culture and our future.”

- Jeff Immelt, Chairman and CEO

1918 About GE

Leadership Development GE Crotonville We all rise

People Economy Planet

We seek long-term partnerships between customers, employees, shareowners and regional communities.We continue to contribute to the advancement and progress of society through various activities such as talent development, healthcare support, and volunteer activities.

We establish infrastructure facilities rooted in our innovative solutions in the fields of energy, water resources, healthcare and transportation, as well as creating jobs to achieve sustainable economic growth and participating in public policies proactively.

We not only focus on the major environmental issues including water, energy and climate but also on the management of other resources GE uses. This is how GE achieves environmental results and maintains sustainability.

As a Worldwide Olympic Partner, GE is the exclusive provider of a wide range of innovative products and services that areintegral to staging a successful Olympic and Paralympic Games.

GE works closely with host countries, cities and organizing committees to provide infrastructure solutions for Olympic Games venues including power, water treatment , and transportation, and to supply hospitals with ultrasound and MRI equipment to help doctors treat athletes. As a part of GE's commitment to local communities, GE contributes its Olympic Games legacy gift such as innovative healthcare products or infrastructure build to the hosting region for benefits both during the Olympic Games and for many years to come.

GE's Olympic Games partnership was launched in January 2005 and continues through 2020 Summer Games, including the Games of the 2016 Olympiad in Rio, the 2018 Winter Games in Pyeongchang, South Korea and the 2020 Summer Games in Tokyo, Japan.

Tower Bridge, one of the world's most recognizable landmarks,transformed with GE's world-class lighting system

in time to mark the 2012 London Olympic and Paralympic Games

GE is looking forward to the Pyeongchang 2018 Winter Olympic Games by working closely with the organizing committee and governments to provide products and technologies for the infrastructure build.

“Citizenship is our promise to help build the communities where we operate. At GE, we align our business strategy to meet societal needs, while minimizing environmental impact and advancing social development around the world.” - Jeff Immelt, Chairman and CEO

20 About GE 21

Worldwide Olympic PartnerCitizenshipAs a 130-year-old technology company, sustainability is embedded in our culture and our business strategy. Working to solve some of the world's biggest challenges inspires our thinking and drives our actions. We are committed to finding sustainable solutions to benefit the planet, its people and the economy.

GE is committed to supportingthe sustainable growth and transformation of

the Korean economy with advancedinfrastructure technologies and services.

22 GE in Korea 23

24 GE in Korea 25

On the evening of March 6,1887, a small light flickered at

Geoncheon Palace in the Gyeongbok Palace. The first light in the

country brightened the area.

"Wow!" - everyone gathered near the light gasped in surprise.

It was the first electric light ever to be lit in Korea.

An electric light engineer from the Edison Electric Light Company,

named William McKay, assembled and installed electric generators

and the light.

Around that time, Thomas Edison wrote in his journal as below:

"The light bulb that I invented lit in a mysterious royal palace

in Asia… I feel like dreaming!!"

SourceKorea Electric Power Corporation (KEPCO) and Thomas Edison's Journal

Illustrated by Denote Creative

It was a historical moment where the first electric light shined in the country at Gyeongbok Palace.

GE Meets KoreaThe first electric lamp at Gyeongbok Palace embarkedGE's long-term relationship with Korea.

Oil & Gas

• Turbomachinery

• Measurement & Control

• Dresser Korea

• Inspection Technology

• Subsea Systems & Drilling

031-620-6459

031-620-6000

031-620-6612, 3

031-620-6308

051-710-9210

GE has been supplying advanced products and technologies for

Korea's EPC (Engineering·Procurement·Construction) and marine

industries to win domestic and global projects together over 20 years.

We provide solutions and services for the entire energy value chain

ranging from drilling, transportation, storage, refining and power

generation. By offering measurement & control solutions to major

power and refinery plants in Korea, GE is contributing to improving

the overall productivity, reliability and precision of the facilities.

Appliances & Lighting

• GE Lighting

• GE Appliances Customer Service

(General Services Corp.)

• GE Appliance's Advanced

Electronics Team

02-6201-4300

1644-7214

031-620-6700

GE Lighting specializes in providing a comprehensive suite of

lighting solutions including eco-friendly LED lighting products, as

well as an integrated lighting design/energy consulting services

and lighting control system. Our solutions range from lightings

for stadiums and indoor sports centers to road/security lighting,

construction lighting, automotive lighting, and lighting solutions

for industrial and home use. GE Appliances' Advanced Electronics

team in Korea researches and develops technologies that will be

applied to smart home appliances.

Power & Water

• Thermal Power Generation Products

• Global EPC

• Distributed Power

• Power Generation Services

• Water (Ulsan)

031-620-6112

031-620-6113, 6505

031-620-6508

031-620-6126, 6533

052-223-5300

Over 40 years, GE has been supporting the growth of Korea's

power industry by providing advanced power plants and services

including gas turbines, coal gasification combined cycle, steam

turbines and renewable energy plants. We also offer facility

repairs, maintenance, performance upgrade and real-time

monitoring services. For pure and clean water in the country,

GE provides chemicals for water treatment, pre-conditioning

processes based on innovative filtering/separation technology,

pure manufacturing, water reuse, seawater desalination and

wastewater treatment for various facilities.

Aviation

• GE Aviation

• GE OWS (On Wing Support)

02-6201-4550

031-961-1730

GE Aviation has been providing high-performance engines to key

areas of Korea's national defense including the F-15K, T-50, KUH

Surion utility helicopter, and KDX-III Aegis Destroyer over 40 years.

GE Aviation also contributes through various types of technology

transfer and investments for the growth of Korea's aviation

industry. By providing high-efficient and eco-friendly engines to

airlines such as the Korean Air and Asiana Airlines, GE Aviation

supports to improve their profitability while reducing carbon

emissions and offering a pleasant travel experience for passengers.

2726 GE in Korea

Overview of Businessesin Korea

Energy Management

• Digital Energy

• Industrial Solutions

• Power Conversion (Busan)

• Power Conversion (Geoje)

• Intelligent Platforms

031-620-6135

031-620-6174

051-712-8000

055-681-9051

02-6201-4910

GE Energy Management provides leading technologies for power

supplies, management , conversion and optimization to our

customers in energy-intensive industries. GE not only provides

innovative energy network design and control solutions such as

smart grid but also a wide range of solutions and services covering

electrical power distribution and overall control system. Through

GE's Power Conversion business, we apply the science and systems

of power conversion to help drive the electric transformation of

the Korea's energy infrastructure. Designing and delivering advanced

motor, drive and control technologies that evolve today's industrial

processes for a cleaner, more productive future, it serves specialized

sectors such as energy, marine, industry and all related services.

Healthcare

• GE Healthcare

• Service Center

• GE Healthcare Ultrasound Korea (Seongnam)

• Detection & Guidance Solutions (DGS)

Business Unit

02-6201-3114

1544-6119

031-740-6112

031-740-6087

GE Healthcare entered Korea's healthcare industry in 1980s and

has been supporting growth and advancement of the industry.

Our expertise in medical imaging and information technologies,

medical diagnostics, patient monitoring systems, performance

improvement, drug discovery, and biopharmaceutical manufacturing

technologies is helping clinicians in Korea re-imagine new ways

to predict, diagnose, inform and treat disease, so their patients

can live their lives to the fullest . GE continues to work with

Korea's healthcare industry to provide better and more affordable

healthcare services through innovation and collaboration.

Transportation

02-6201-4221, 4• GE Transportation

GE Transportation provides transportation solutions and services

including eco-friendly and high-efficient diesel locomotives, railway

signaling and communications systems, engine and generator

sets for marine/land use, drill motors, maintenance services, safety

facilities and customer information transmission system.

Capital

• Hyundai Card

• Hyundai Capital

1577-6000

1588-2114

GE Capital has been a strategic partner with Hyundai Card and

Hyundai Capital for over 10 years. We provide auto finance,

housing finance and credit card services for individual customers,

while helping corporate clients to manage their assets and

promote growth through corporate loans and lease products .

28 GE in Korea 29

GE's LM2500 gas turbine equipped on Korean Navy's KDX-III Aegis Destroyers

“We aim to become a localized global company, making great contributions to the industrial advancement of Korea.”

- Chris Khang, President and CEO, GE Korea

GE promotes a mutual growth and joint development with Korean companies and government authorities by making a concerted effort to maximize our innovation capacity, while remaining committed to making long-term cooperation and efforts for localization.

GE works with customers, partners and government to mutually deliver long-term growth, leveraging Korea's strong capabilities and our strong global strengths; scale & expertise and network to deliver locally and globally together.

Actively help to solve the toughest challenges in Korea

Position as a companymost desired by Korea's

talents to work for

Grow together with customers and local

communities

Vision

Strategy

30 GE in Korea 31

Vision & Strategy

GE actively seeks shared growth with our customers by nurturing engineers and technicians who lead innovation in Korea. GE Ultrasound Korea, located in Seongnam, Gyeonggi Province, is GE's largest R&D and production site for ultrasound systems. GE Ultrasound Korea performs extensive R&D activities in the fields of radiography, general imaging, and women's health to foster innovation in Korea's healthcare industry.

GE Healthcare also develops mammography systems in Korea that reach women in global markets to provide greater access and the kind of quality personalized care only they can offer.

Leveraging Korea's excellence in IT and engineering capability, GE will contribute to advance innovation in Korea for mutual growth.

Korean engineers demonstrate remarkable performance in the field of applied technology and IT.Engineers at GE are committed to R&D activities across GE's businesses.

In order to further enhance our engineers' innovation and technological capacity, GE launched the Korea Engineering & Technology Council (KETC) where engineers are encouraged to actively collaborate with each other and learn new technologies. By offering mentoring and career development programs according to individual attributes and the area of expertise, we plan to support more engineers in Korea to go global and develop innovative technologies.

GE Ultrasound Korealocated in Seongnam

3332 GE in Korea

Innovation CapabilityWe maximize innovation capability to grow togetherwith our customers in and out of Korea.

We invest in strengthening capabilities of Korean engineers.

Dynamic Positioning system simulatorat GE Power Conversion Training Center located in Busan

GE is accelerating localization by establishing and expanding R&D facilities as well as manufacturing sites of its key products and engineering services.

GE provides various solutions across the value chain to Korean shipbuilders.

GE Power Conversion Training Center offers useful training and hands-on experiences to our customers through simulators such as the Dynamic Positioning system.

In addition, we strengthened local support for EPC companies in Korea by forming a dedicated team to provide prompt and proactive support for them to win.

GE Ultrasound Korea, which expanded its R&D and manufacturing site in 2014, is going to increase their new product development efforts where they plan to enhance their R&D capabilities. GE Aviation's On Wing Support (OWS) has also expanded its site in Korea and continues to strengthen its engineering capability to better support domestic and international airlines.

Talented individuals at GE are those who take the initiative to meet tomorrow's challenges and help shape what the future holds for business, technology, society.

GE develops and nurtures talents across all businesses and functions including sales, finance and engineering.

We invest in our leaders of tomorrow by hiring excellent talents in Korea and providing advanced training opportunities. Being a leadership and learning pioneer for more than a century, we equip and inspire employees to grow as global leaders. By utilizing GE's leadership development assets, we continue to nurture early-career and experienced employees as well as customers to provide a foundation and catalyst for further growth.

GE Works

"We support drivers and pedestrians' safety with effective

lighting systems designedfor nighttime."

Build

- Jae Hwan Jeon, GE Lighting

"We take pride in contributingto national defense and exports

in the aviation industry."

Move

- Youngje Kim, GE Aviation

"We support our customers' success by reducing energy cost for power generation and carbon emissions for the environment."

Power

- Myung Soo Jang, GE Power & Water

"We support safe and deliberate diagnosis by developing

ultrasound systems that offer performance and convenience

for doctors and patients."

Cure

- Doo Young Kim, GE Healthcare

Invest in our people is where our localization starts and ends.

3736 GE in Korea

Strong LocalizationWe expand our businesses through localization efforts.

Across all businesses and regions, GE's commitment to integrity enables our success. Every employee commits to follow "The Spirit & The Letter," which establishes the policies and standards identifying key areas of compliance and integrity at GE.We maintain a compliance culture where every employee acknowledges and anticipates risk, commits to doing the right thing, and knows or knows how to find the right answer.

GE holds its leaders accountable to build this culture and establish an environment that demands ethical and compliant behavior. Compromise is not an option for any business value when it comes to compliance and ethical management. Employees can freely raise integrity concerns through various communication channels without fear of retaliation.

GE's compliance policies must be followed by anyone who works for or represents GE, including GE employees and third parties such as consultants, agents, sales representatives, distributors and independent contractors. GE's long-standing reputation for being honest, fair, trustworthy and law-abiding strengthens our relationships with customers and ultimately, distinguishes GE in the marketplace.

Every employee at GE pledges to follow compliance code of conduct based on "The Spirit & The Letter."

GE's Integrity Strategy

Risk Assessment and Abatement

Concern Reporting & Resolution

Leadership Engagement

Evaluation

Communication Training

'GE Volunteers' is a global network that facilitates and supports volunteering activities to improve life in the communities where GE people live and work. 'GE Volunteers' in Korea is spending more than 1,000 hours every year for various volunteering activities, supporting children suffering from Down-syndrome, making Kimchifor disabled communities, and planting trees to improve local environments.

We also invest in continuous learning and leadership development. Since 1992, GE Korea has been supporting more than 140 undergraduates majoring in Natural Sciences, Engineering, and Business Administration through the 'GE Scholar-Leaders Program.' GE is also fostering future leaders of Korea through affiliated programs such as 'GE-McKinsey Leadership Workshop' and 'GE-Ewha Leadership Challenge.' Since 2010, GE Korea's iconic internship program called, 'GE URP (University Relations Program),' has been providing an unbeatable combination of skills, experience, and knowledge through extensive training and assignments for undergraduates.

In addition, we have hosted 'GE Global Customer Summit' since 2005, providing an opportunity for executive customers to gather and discuss topics of shared interest with an aim to help drive their success and opportunities to further collaborate.

"Healthymagination Walk" held at the Cheong Gye Square in Seoul to raise awareness of breast cancer

38 GE in Korea 39

Sustainable ManagementWe help to build the communities where we operate.GE is committed to maintaining a world-class compliance

culture in every GE business.

“ We will put our best efforts to solve the toughest challenges in Korea with our customers and partners.”

GE continues to strengthen localization efforts and expand partnerships across all businesses in Korea. We drive mutual growth in domestic and global markets by sharing best practices and technologies. Every leader and employee at GE Korea is committed to pursue business based on our strong integrity standards and further grow as a trusted partner of choice as well as a good corporate citizen in Korea.

1. SB Ahn, Power Conversion2. Steve Park, Olympics3. Kirby Luke, Aviation4. Dean Park, Oil & Gas5. Myungmin Song, Lighting6. Chris Khang, President & CEO, GE Korea7. Sia Moussavi, Healthcare8. Woonsik Ha, Power & Water9. Jeong Hee Lim, Healthcare10. Sherwood Dodge, Capital11. Eunice Lee, GE Korea12. Jaitark Yoo, Transportation

4

3 7 9

1 52

68

11 12

10

40 GE in Korea

Commitment for Korea