Good afternoon. First of all, thank you all for joining this conference call. And now we will begin the Conference Call by the Fiscal Year 2019 First Quarter Earnings Results by SK Telecom. This conference will start with a presentation followed by the divisional Q&A session. [Operator Instructions] Now we shall commence the presentation by SK Telecom.

Good afternoon. I am Jeong Hwan Choi, the IRO of SK Telecom. Today's conference call will consist of the presentation on the earnings results for Q1 of 2019 and the future of management plans and strategic direction by Poong-Young Yoon, CFO and Executive Vice President of the Corporate Center followed by a Q&A session. Today's conference call will provide consecutive interpretation, and we also have here with us executives from relevant business divisions to help deepen your understanding. Before we begin, we want to remind you that all forward-looking statements are subject to change depending on the macroeconomic and market situations. Let me now present our CFO.

Good afternoon. This is Poong-Young Yoon, CFO of SK Telecom. Let me first discuss the consolidated earnings highlights for Q1 of 2019. Consolidated revenue for Q1 2019 recorded KRW 4,334.9 billion with the MNO revenue fall slowing and becoming more stable as well as the security business including ADT Caps and SK Infosec contributing to consolidated revenue. It increased by 3.7% year-on-year. Due to the revenue seasonality of the previous quarter, it decreased by 0.4% quarter-on-quarter. Consolidated operating income recorded KRW 322.6 billion, similar to that of the previous year, thanks to marketing cost efficiency and improved results of subsidiary companies offsetting the decrease in MNO revenue. Through differentiated marketing, 11ST succeeded in securing profitability reaching a quarterly BEP. And the security business also contributed to consolidated earnings by maintaining a stable operating income. Compared to the previous quarter due to the previous one-off loss as well as SK Infosec earnings newly being reflected, consolidated operating income increased by 43.2%. Net income recorded KRW 373.6 billion, down 46.1% year-on-year and down 21.3% quarter-on-quarter due to lower equity method income on SK Hynix. Let me now move on to major business achievements. On the 3rd of April this year, SK Telecom opened the era of hyper innovation with 5G with the world's first 5G subscriber. We have identified media, AR and VR and games as the areas that will go through the most dramatic change in user experience through 5G as well as areas that our customers are most looking forward to, and we are launching related services accordingly. First, along with our 5G service launch, we have opened the 5GX section in oksusu where customers can enjoy 4K UHD-level content, VR and other 5G-exclusive video content. We are also preparing providing real-time multi-view and live AR-VR broadcast of League of…

Investors and analysts, we ask for your continued support for our serious efforts to enhance the enterprise value. Thank you. End of Q&A: