Good afternoon, I am [Kwan Bon Joon] (ph), IR manager at KB Financial Group. Thank you for joining us today. We would like to now begin 2016 Full Year Earnings Presentation. For today's earnings release, we have our CFO, Yi Dae-gun and the Group's Executive Team. We will begin with 2016 earnings results which will be presented by our CFO, followed by a Q&A session. Now, let me invite our CFO for 2016 earnings presentation.

Good afternoon, I am CFO, [Ye Dae Gon] (ph) of KB Financial Group. Before going into 2016 earnings, let me briefly talk about the overall business backdrop. In 2016, we saw global economic uncertainties heightened with low growth trend in the domestic market becoming more pronounced, accompanied by rigorous corporate restructuring. We expect the domestic economy to face difficulties this year due to unfavorable export conditions on slower Chinese growth and difficult trading relations with the U.S., and prolonged burden of household debt and contractions in the housing market. Under such challenging environment, KB Financial Group fully consolidated Hyundai Securities as its subsidiary last October and merged it with KB Investment and Securities to launch KB Securities, thereby laying the basis to fuel growth and diversify its business in the low rate, low growth environment. On top of various strategic efforts to secure source of profitability, we will continue to endeavor towards cost efficiencies, and improvement of asset quality so as to manage cost effectively. Just to note, today, the company's BoD decided on cash dividend of KRW1,250 per share for 2016 with the payout ratio of 23.2%. In line with improvement and stability in earnings performance, we plan to gradually increase the payout ratio and we will do our best to satisfy shareholders' expectations and reward their support. With that, I will move onto 2016 earnings results. Please refer to page two. KB Financial Group's 2016 net profit was KRW2,143.7 billion, up by 26.2% year-over-year. Such improvement excluding the one-off factors are largely due to sound loan growth and increase in net interest income driven by defending the margin. And declining in provisioning on asset quality improvement. Q4 group net profit was KRW453.9 billion, down 19.6% Q-on-Q impacted by one-off factors. Looking at the breakdown, annual net interest income…