Young-woo Kim - IRO Gwang-Seok Shin - CFO

Good afternoon, I am Youngwoo Kim, KT's IRO. We will now begin Q3 2015 earnings presentation. Our call is being webcasted via the Company's Web site, so please refer to the presentation slides as we present this quarter's business results. Please note that since the first quarter of 2011, KT has been presenting consolidated numbers under the IFRS accounting standards. From this quarter, in line with the revised disclosure guidelines of MSIP on subscriber numbers, while the subscriber calculation was based on number of total line basis, which is inclusive of KT and MVNO subscribers and other lines, which are surveillance equipment, ex the lines for the hybrid product. Also ARPU calculation now excludes other lines that were unbilled and subscribers for the hybrid product such change was retroactively applied to Q1 2014 data. Now I will invite our CFO, Gwang-Seok Shin for his opening remarks and presentations on Q3 2015 earnings results.

Good afternoon, I am Gwang-Seok Shin, KT's CFO. KT was able to maintain steady bottom-line driven by enhanced competitiveness of our core businesses and our efforts to achieve structural cost efficiency. Our wireless business has seen sustained LTE subscriber growth, underpinned by customer centric management and stronger channel competitiveness. Fixed line business saw GiGA Internet subscribers surpass 700,000-mark with IPTV subs acquisition of 6.4 million. As such, we are an unquestioned number one player in Internet and IPTV. Through its world class ICT technology and GiGA infrastructure that integrates fixed and wireless network, KT is able to provide the fastest and most innovative telecom and converged services. Leveraging ICT based technologies; KT is seeking to bring about conversion across various industries like advanced command and control, cloud and big data; by building intelligent GiGA infrastructure, whose value goes beyond the boundary of current level of speed, capacity and connectedness. Based on such technologies, we are focusing on five future industries of smart energy, healthcare, next generation media, integrated security and intelligent transportation control. To facilitate market expansion of the converged business, KT is intent on developing not just a B2C model but also a B2B and B2G business models. Considering that the core of our future business is underpinned by the value of the platform dictated by the size of the subscriber base, we expected KT's future conversions business will start to become prominent starting 2016 based on different conversions business models being sought after at this moment. Especially, in the energy sector, KT is the first in the world to have developed KT micro-energy grid, which is an integrated and efficient energy management system. At the energy control center at Mapo they predict energy demand for 280 sites around the world including hospitals, hotels and industrial facilities using big…