Good afternoon, I am Youngwoo Kim, IRO of KT. We will now begin Q1 2015 Earnings Presentation. Our call is being webcasted via the company's website and please refer to the presentation slides as we present this quarter's business results. Please note that since Q1 of 2011 KT has been presenting consolidated numbers under the IFRS accounting standards. With that, let me invite our CFO, Gwang-Seok Shin for his opening remarks and presentation on Q1 2015 business results.

Good afternoon. I am Gwang-Seok Shin, CFO of KT. As an outcome of our efforts to enhance competitiveness of our telco business and to corporate restructuring endeavors over the last year, in the first quarter we have seen visible improvements in both growth and profitability. For the wireless business, growth momentum is continuing on reinforced brand value and channel competitiveness, and growing LTE subscriber base. KT therefore is focusing on market stabilization and improving customer services. In terms of the fixed line and media business there were series of innovative product launches such as the GiGA Internet followed by GiGA WiFi home, net addition trend in broadband Internet continues, with IPTV subscribers surpassing the 6 million mark displaying a robust upward trajectory. Recently the media industry is facing a new competitive framework for example like the talks on pay TV market share regulations. Under this new environment KT will lead a change in paradigm in order to establish a positively reinforcing cycle of the telecom industry. Rather than simply going at increasing the subscriber numbers for telecom IPTV and other B2C markets, we will enhance subscriber quality, bring service improvements and develop new services so as to grow the entire pie and focus on solidifying fundamental competitiveness. KT wishes to bring complete differentiation against our peers and we believe gaining an upper hand in 5G and spreading GiGA infrastructure is key to becoming global number one and are therefore focusing our corporate wide efforts to lay the basis for such a lead. We are also solidifying our future growth engines on top of KT's strong GiGA infrastructure. We laid the basis for battery recharging business for electric vehicles in the smart energy segment and are seeing visible outcomes in forming business alliances with number one players in the financial, transportation…