Filed by Automated Filing Services Inc. (604) 609-0244 - K-Tronik International - Exhibit 10.14







Credit Trade Agreement



(For Corporation) 


	To Hanvit Bank	February 28, 2001



Contracto : K-Tronik Asia Corp. Taewoong Chung


 Address: 656 Munhyeong-ri, Opo-myeon, Gwangju-si, Gyeonggi-do


 I acknowledge that the ‘Bank Credit Trade Basic Articles”
  shall be applied when I execute the credit trade with Hanvit Bank (“Bank”)
  in accordance with the conditions below (loan related with collective account
  and current loan include the related articles and the trust loan includes the
  related credit trade articles) and confirm the articles below. 

Article 1 (Trade Condition) The trade condition is as below.

	Credit Subject
 (Credit Category)	Trade finance	Trade Classification	Limited Trade
	Credit (Limit) Amount	One Hundred and Fifty

      Million WON	Fund Usage	Production,
 Purchase,
 Import funds
	Loan Opening Date	 	Final Redemption

      Date (Credit Term

      Expiration Date)	 
	Interest Rate	Annually %

        However, should the loan term exceed 1 year, the interest rate can be
        altered per year according to the policy by bank.
	Postponement
 Damage Rate	Annually %
	Calculation method of interest rate and
        postponement damage
	To calculate as a daily basis, regarding
        1 year as 365 days. However,the foreign currency trade follows the international
        customs and commerce traditions.

	Credit Execution Method
	N/A
	Redemption Method
	N/A
	Set-off special agreement
	Should the bank find the debtor insolvent
        (4 times postponement of the monthly payment of the installment savings,
        mutual installment and pre-funding system credit that are awarded as mortgage),
        the bank shall be able to set off or appropriate at performance through
        restoring by proxy. The current credit shall lose its term advantage from
        then. So the debtor shall pay it shortly.










	Article 2 (Postponement Damage)  
	- 	Should the debtor fail to pay the interest, installment
        and principal on due dates, the debtor shall pay the postponement damage
        for the amount that have to be paid, shortly.

	-  	Should the debtor fail to fulfill the obligation or
        lose the term advantage according to the Article 2.8 of Bank Credit Trade
        Basic Agreement, the debtor shall pay the postponement damage for remained
        credit loans from then on.

	-  	The debtor shall pay the postponement damage for the
        interest that have to be paid until the date before the set-off and for
        the remained loans after set-off, as for the pre-funding system credit
        loan.

	-  	The debtor shall pay the postponement damage shortly
        for the amounts that exceed the limit amount such as payment exceeding
        the limit or interest principal, as for the collective account loan and
        current loan. 





	 Article 3 (To fix the total credit amount and to notify
      the installment redemption date table)  
	-	As for the credit executed by installment, the total
        credit amount shall be fixed after final execution and the fixing method
        shall accord the installment redemption date table or other proof documents
        such as receipt.

	_	As for the credit executed by installment excluding
        installment loan or emergent loan, the bank shall compose of the installment
        redemption date table for the fixed total credit amount and notify such
        details to the debtor. 





  Article 4 (Curtailment and suspension) 

  As for the limit trade credit loan or installment loans, should the necessity
  occur due to fluctuated financial condition and debt maintenance, the bank shall
  be able to reduce the credit (limit) amount of Article 1 and suspend the loan
  execution despite the trade term after notifying to debtor. In such case, the
  debtor shall pay the amount that exceeds the limit due to curtailment, shortly.


	Article 5 (Agreement for the collective account loans
        and current loans) 

	-	As for the collective account loans and current loans,
        should the debt related with this agreement exist, the fund paid on account
        of collective bankbook basic account and current account (“Basic
        Account”) shall be appropriated automatically for the loan performance
        (the amount such as securities shall be excluded from such fund until
        paid and the paid securities shall be transfer to bank as mortgage of
        the credit in accordance with this agreement).

	-	As for the collective account loans and current loans,
        should the bank require to pay for the Basic Account exceeding the deposit
        balance or should the requirement of the automatic payment such as regular
        payment or various costs occur, the bank shall delver the loans through
        the Basic Account or automatically.

	-	As for the collective account loans and current loans,
        the bank shall pay the amount exceeding the limitation of Article 1 according
        to the autonomous decision by the bank and the debtor shall pay the amount
        that exceeds the limit, shortly.

	-	As for the collective account loans and current loans, the interest and
      postponement damage shall be deducted from the Basic Account or shall be
      added to the loans without regard to exceeding the limited amount. In such
      case, the debtor shall pay the amount that exceeds the limit, shortly.
	-	As for the current loans, should the debtor is compensate
        indebt by the bank by paying the bill and the check that the debtor issued,
        the debtor shall pay such amounts in accordance with this agreement by
        regarding it as loan debt.

	-	As for the current loans, the bank shall not raise
        a suspicion should the bill and the check that the debtor issued be rejected
        to be paid due to the curtailment and suspension of Article 4.

	-	As for the current loans, the bank shall be able
        to grant the bill and the check that the debtor issued before the credit
        term expiration date, even after the credit term expiration date and the
        loan that occurs due to such reason shall follow this agreement











Article 6 (Commission fee for not using the agreed amounts) 


 As for the limit trade and foreign currency loans, the debtor
  shall pay the commission fee for the amount that haven’t used among the
  credit (limit) amount at Article 1, according to the policy of bank.

	Article 7 (Promissory note grant duty and to provide
        the voluntary obligation)


	-	As for the bill loans, the debtor shall provide the
        bank with 1 promissory note stipulating the par-value and the payment
        date and 1 promissory note not stipulating the par-value and the payment
        date by collectively issuing them with joint surety.

	-	As for the limit trade loans and loans exceeding
        1 year, the debtor shall provide 1 promissory note not stipulating the
        par-value and the payment date by collectively issuing them with joint
        surety. 

	-	The bank shall be able to perform the blank bill of the previous article,
      should the debtor not fulfill the obligation until the credit term expiration
      date or lose previous advantage according to Article 7 of Bank Credit Trade
      Basic Agreement.
	-	When executing the voluntary obligation in accordance with the previous
      article, the bill amount shall be within the amount adding the principal,
      interest, postponement damage and other costs.










Article 8 (Redemption currency and currency rate)  

 The principal of the currency loans shall be able to be redeemed
  with loan currency or KWN. When redeeming the loans with KWN, the applied currency
  rate shall be accord the to-customer telegraphic transfer sales rate at that
  redemption date. 


Article 9 (Mortgage and insurance) 


 The debtor shall provide the bank with the facilities that
  is built or established as credit executing for this agreement with the land,
  building and other inside facilities, for the mortgage, should there be not
  other expression by the bank. Should the bank require, the debtor shall register
  the insurance of which kind and the amount accord the bank and shall establish
  the pledge of the insurance Anspruch for the bank.

	Article 10 (Establishing the mortgage)
	-	To guarantee the debt in accordance with this agreement,
        the debtor shall establish the pledge of the accounts stipulated below
        (including ‘Trust’, same from now on) and complete the transfer
        of such certificates (bankbooks) for the bank.

	-	The validity of the pledge at previous clause shall
        influence the principal, gains (including amount accumulated after this
        agreement), interest added, right of the gains, special encouragement
        amount and legal encouragement amount.

	-	Even in case that the deposit enlarges the term,
        rewrite, renew, allot, annex, add, deduct or perform interest principal,
        the debtor shall acknowledge that the validity of the pledge influence
        above such factors and above the gain right even when the objective trust
        enlarges the term, is automatically enlarged due to payment postponement
        or altered according to category.

	-	The bank shall set-off or appropriate at performance
        through restoring by proxy for the account stipulated below and the debts
        according to the stipulations at the Bank Credit Trade Basic Agreement
        without performing the pledge right at the clause 1.

	-	As for the clause 4, even as for the public trust,
        the bank shall foremost appropriate the gains that the bank hasn’t
        yet grant the debtor according to agreement, at the debt redemption. 

	•	Description of the accounts, objective of the pledge

      


N/A 








	Article 11 (Measurement regarding submission of the false
      documents)
	-	Should the false exist regarding the contents of
        the documents submitted related with the credit, or should the false exist
        regarding the frame name, the bank shall be able to stop dealing with
        new credit and take legal steps.

	-	Should part or all of the contents of document that
        the debtor submits additionally for the agreement with bank, other special
        agreement or self-assist preparation documents fail to perform, the bank
        shall be able to stop dealing with new credits and expire the term advantage
        stipulated at Article 7.5 of Bank Credit Trade Basic Agreement.



 Article 12 (Other special agreement)

  I definitely receive the Bank Credit Trade Basic Agreement and the copy of this
  agreement and full understand main contents.

656 Munhyeong-ri, Opo-myeon, Gwangju-si, Gyeonggi-do

  K-Tronik Asia Corp.

  Taewoong Chung (Official Seal)