TTI Appoints New President

January 14, 2004

Total Terminals International (TTI), the West Coast joint-venture terminal operator between Hanjin Shipping and Marine Terminals Corp., announced the appointment of James Kwon as its new president to replace current CEO Y.M. Kim, effective Jan.16, 2004. Kim leaves TTI to join Hanjin's management team in Korea as its senior executive vice president in charge of HR, strategic planning, new business development and general administration. Former Citigroup managing director, Kim led TTI for the last two and half year and transformed this JV into a significant terminal operator on the West Coast with a sharp growth in third-party businesses. “James Kwon brings years of industry experience to Total Terminals,” Kim said. “He has worked in Hanjin's sales organization, most recently in charge of its Southern California outbound sales. In the 1980s, Kwon managed Southern California inbound sales for the original U.S. Lines and subsequently was marketing director at Palmco Corp., Newport Beach, for 14 years.” TTI handles approximately 11 percent of the West Coast container traffic at its three terminals located in the ports of Long Beach, Oakland and Seattle. For additional information about TTI, visit www.totalterminals.com.

TTI Appoints New President

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