HLB INC. is a Korea-based company mainly engaged in the manufacturing of life boats and electrical instruments. The Company engineers and manufactures electrical instruments, and provides related installment services for sewage treatment plants, automatic control systems and others. In addition, it provides lifeboats such as totally enclosed lifeboats, free-fall lifeboats and others, glass fiber reinforced plastic (GRP) pipes, as well as davits for lifeboats through its subsidiaries, Hyundai Lifeboat and others. It also involves in the provision of safety inspection and repair services for lifeboats and launching devices, and development of natural pharmaceuticals. On January 1, 2013, the Company completed the merger with its wholly owned subsidiary, HYUNDAI LIFEBOATS CO.,LTD, which is mainly engaged in boats manufacturing and sales business.