Good morning, good evening. Thank you all for joining this conference call. Now, we will begin the conference of the fiscal year 2022 fourth quarter earnings results by LG Uplus. This conference will start with a presentation followed by a divisional Q&A session. Our call is being webcasted on our homepage so that you can follow the conference simultaneously. Today's conference call will be presented for one hour, and due to schedule, we would appreciate if questions are limited to two per person. Now, we will begin the conference of the fiscal year 2022 fourth quarter earnings results by LG Uplus. [Foreign language] Good afternoon. I am Sung-Hyun Mo, Head of IR at LG Uplus. Let us begin the fourth quarter 2022 earnings presentation. Please refer to our Q4 earnings presentation and note that the revenue breakdown of each business, as well as details of operating expense, are on the basis that excludes LG HelloVision for the benefit of ease of comparison. As a disclaimer, all of the projections we are providing today may change, subject to macroeconomic and market backdrop. We will also be providing consecutive interpretation for the benefit of our overseas investors. We will start with the fourth quarter performance highlights, followed by a Q&A. Without further ado, I will turn it over to our CFO, Yeo Myung-hee who will run through the fourth quarter 2022 earnings and business results. [Foreign language] Good afternoon. I'm Yeo Myung-hee, the CFO. Thank you to our analysts and investors for joining 2022 fourth quarter earnings release call of LG Uplus. Last year, LG Uplus drove continuous revenue and profit growth from its core telco business while making commitments to a new beginning as a digital innovator and a platform company. The company worked to bring digitalization of telecom services in order to secure a touch point with digital customers and continue to expand the scope of business and services underpinned by data. That has been the announcement behind the transformation as a digital innovator. Under such, we wanted to lay the foundation for innovating customer experience based on four main platforms, represented by three new businesses of Telco-Life, Play, nurture, and care, as well as Web 3.0. [Foreign language] As part of the Telco-Life Platform that enriches users daily lives, last July, we rolled out Udok services, transitioning to an open platform that can be used by everyone, following which we are seeing a fast uptake in subscriber numbers. We also plan to launch routine-based services in the first half of the year in order to offer customers ways to spend meaningful time in the spare time that they have by providing them a way to record their daily routines. [Foreign language] For the play platform, we gave a new facelift to U+tv and rolled it out as OTT TV. By integrating real-time broadcast, VOD, and OTT services, we allowed users to search diverse array of content all at once. We also launched STUDIO X+U, which is our specialized content brand, under which we will engage across the content flow from planning, making, production, distribution, up to supply chain partnership. Leveraging competent members of our production team, who we started to recruit since last year, we plan to develop competitive content and the business portfolio. [Foreign language] Last December, we aired for the first, we aired our first entertainment content through the company's U+ Mobile TV, and before the end of Q1, we are scheduled to air through multiple channels, taking various additional content, including entertainment and documentaries. [Foreign language] Our data commerce business, which we offer through the web shopping platform, U+Cook, saw its 2022 GMV, as well as number of visits, grow by a large margin. GMV was up 260% versus 2021, while MAU and cumulative number of visiting users posted a growth of around 60%. In 2023, we will drive faster growth of data commerce business under the goal of offering lowest priced products at high quality that customers want by leveraging AI-powered recommendation algorithm. [Foreign language] Let's now move on to financial performances for the fourth quarter and 2022 full year. [Foreign language Q4 consolidated service revenue was up 4.2% on year and 3.7% on quarter, reporting KRW 2,945.8 billion. Annual service revenue was up 3.1% year-over-year, reporting KRW 11,410.6 billion, while standalone annual service revenue was KRW 10,496.2 billion, growing 3.2% year-over-year. [Foreign language] Consolidated Q4 operating profit was KRW 286.6 billion, with annual operating profit posting 10.4% year-on-year growth, coming in at KRW 1,081.3 billion. Standalone operating profit also reached above KRW 1 trillion, reporting KRW 1,049.8 billion. [Foreign language] Consolidated Q4 EBITDA was up 16% year-over-year to KRW 908.1 billion, while annual EBITDA was up 3.3% year-on-year, reporting KRW 3,532.4 billion, sustaining the trend of operational cash flow improvement. [Foreign language] Fourth quarter's consolidated net profit was KRW 159.4 billion, while annual net profit came in at KRW 662.6 billion. DPS, dividend per share for 2022, including the interim dividend, is KRW 650, an increase of KRW 100, and the payout ratio of 42%. [Foreign language] In 2022, annual CapEx was KRW 2,420.4 billion, up 3.2% year-over-year. 연결 기준 2022년 말 재무상태는 자산, 자산총계 KRW 19,774.8 billion, 부채총계 KRW 11,325.1 billion, 자본총계 KRW 8,449.7 billion을 기록하였으며, 부채비율은 전년 기말 대비 9.5 percentage points, 순차입금 비율은 4.5 percentage points 각각 개선되었습니다. Looking at the end of 2022 consolidated financial position. Total asset was KRW 19,774.8 billion. Total liability KRW 11,325.1 billion. Shareholder capital of KRW 8,449.7 billion. Debt to equity ratio showed improvements of 9.5 percentage points versus end of last year's term, while net debt ratio improved by 4.5 percentage points. 이상으로 경영 성과 및 재무실적에 대한 보고를 마치고 다음은 사업 부문별 실적 및 전망에 대한 발표가 있겠습니다. This ends the report on business and financial performance. We will invite presentations on the results and outlook of each of the respective businesses. 먼저 모바일 부분입니다. MX 혁신그룹장 이재원 전무입니다. First is on mobile. I am Lee Jae-won, Head of MX Innovation. 하반기 모바일 서비스 수익은 전년 동기 대비 3.3% 성장한 KRW 1,477.9 billion을 기록하였으며, 2022년 연간으로는 전년 대비 2.4% 성장한 KRW 5,830.9 billion을 기록하였습니다. 2022년 모바일 사업의 성장은 MNO 가입자의 질적 성장과 MVNO 가입자의 양적 성장에 기인합니다. Fourth quarter's mobile service revenue was up 3.3% year-over-year, reporting KRW 1,477.9 billion. On an FY 2022 annual basis, it was up 2.4% year-over-year, reporting KRW 5,830.9 billion. Mobile growth in 2022 was driven by quality growth of MNO subscribers and volume growth of MVNO subscribers. 전체 모바일 가입자는 전년 대비 10.6% 성장한 19,896,000명을 기록하였으며, 이 중 5G 가입자는 전년 대비 32.1% 성장한 6,110,000명으로, 핸드셋 가입자 대비 53.5%의 비중을 기록하였습니다. MVNO 가입자는 전년 대비 36.7% 성장한 3,873,000명을 기록하여 고성장을 이어가고 있습니다. Total subscriber count was 19,896,000, up 10.6% year-over-year. Out of which 5G subscriber count was 6,110,000, up 32.1% year-over-year, accounting for 53.5% of total handset subscribers. MVNO subscriber count was 3,873,000, which is up 36.7% YOY, sustaining a steep growth trend. 2022년 마케팅 비용은 안정화 기조를 유지하며 전년 대비 0.4% 감소한 KRW 2,276.6 billion을 기록하였습니다. Marketing spend in 2022 continued its steady trend, falling 0.4% year-over-year to KRW 2,276.6 billion. LG유플러스는 그동안 골프와 프로야구로 대표되었던 LG유플러스의 스포츠 서비스에 축구, 농구, 배구, 당구, 볼링, 낚시 등 종목을 여덟 종으로 대폭 늘린 종합 스포츠 커뮤니티 플랫폼인 Sporki를 선보였습니다. We introduced Sporki, which is a comprehensive sports community based platform by building on our previous services around golf and professional baseball, and broadened the scope to include eight different sports, including soccer, basketball, volleyball, billiards, bowling, fishing, etc. 지난해 10월에 런칭된 Sporki는 스포츠 팬들의 높은 호응을 받으며 출시 3개월 만에 누적 이용자 500만 명을 넘어섰으며, 앞으로도 다양한 스포츠 팬들의 니즈를 빠르게 파악하고 적재적소에 새로운 서비스와 기능을 선보여 대한민국 대표 스포츠 플랫폼으로 성장해 나갈 계획입니다. Sporki, which rolled out last October, was received with frenzy by sports fans. In just 3 months since the launch, cumulative subs base surpassed 5 million. As we plan to quickly identify needs of fans of many different sports and introduce new features and services wherever needed, we will be setting it up as Korea's flagship sports platform. 한편, LG Uplus의 통신망을 사용하는 모든 알뜰폰 사업자의 요금제를 개통할 수 있는 통합 공용 USIM One Chip은 출시 1 year 만에 누적 개통 건수 100,000 건을 돌파하여 이동, 이용자 편의는 물론이고 중소기업과의 상생 역시 강화할 수 있었습니다. We released One Chip, a USIM that can be used to activate pricing plans of every MVNO providers that uses LG Uplus network, amassed more than 100,000 cumulative activations in just one year since its launch. As such, we were able to strengthen user convenience as well as grow hand-in-hand together with the SMEs. 2023년에도 LG유플러스의 모바일 사업은 고객이 자주 방문하고 오래 머물면서 큰 만족감을 느낄 수 있는 서비스를 제공할 것이고 Digital 化 의 가속화, 멤버십 서비스 제휴 등을 통한 고객 경험 혁신을 동안 다양한 플랫폼 사업들을 성공적으로 성장시켜 나갈 수 있도록 하겠습니다. In 2023, LG Uplus' mobile business will continue to offer services of greater satisfaction, accelerate digitalization, and expand membership partnership to drive customer experience innovation and successfully grow our platform business, all in an effort to capture the customers to visit us more and stay with us longer. 다음은 Smarthome입니다. 홈리보스 그룹장 Park Chan-sung 상무입니다. Next is on the Smart Home business. I'm Park Chan-sung, Head of Home Living Business. 4분기 스마트홈 수익은 전년 동기 대비 사점칠프로 성장한 오천구백이십구억 원을 기록하였으며, 이십이년 연간으로는 전년 대비 육점사프로 성장한 이조 삼천사백사십오억 원을 기록하였습니다. Q4 Smarthome revenue was up 4.7% on-year to KRW 592.9 billion, with annual revenue of 6.4% on-year, reporting KRW 2,344.5 billion. 사분기 IPTV 수익은 기본료 수익 증가 등으로 전년 동기 대비하여 3.1% 성장한 KRW 332.1 billion, 2022년 연간 수익은 전년 대비 5.6% 성장한 KRW 1,326.3 billion을 기록하였습니다. 사분기 초고속 인터넷 수익은 기가 가입자의 성장으로 전년 동기 대비하여 6.7% 성장한 KRW 260.8 billion을 기록하였으며, 연간 기준으로는 KRW 1,018.2 billion을 기록하며 전년 대비 7.4% 성장하였습니다. Q4 IPTV revenue was driven by growth in basic fee revenue, growing 3.1% year-over-year to KRW 332.1 billion. Annual revenue for 2022 was up 5.6% year-over-year to KRW 1,326.3 billion. Q4 broadband internet revenue was up 6.7% year-over-year, backed by Giga subscriber growth, reporting KRW 260.8 billion with annual revenue at KRW 1,018.2 billion, which is up 7.4% year-over-year. IPTV 가입자는 전년 대비 0.1% 성장한 5,353,000명, 인터넷 가입자는 전년 대비 3.7% 성장한 4,936,000명을 기록하였습니다. IPTV subs were up 0.1% year-on-year to 5,353,000, and internet subscriber count is at 4,936,000, up 3.7% YOY. LG Uplus는 이용자들이 보다 다양한 콘텐츠를 편리하게 시청할 수 있도록 기존 IPTV를 실시간 방송과 OTT, VOD를 통합한 OTT TV로 개편하여 IPTV와 OTT 간의 경계를 허물었습니다. To allow for easy viewing experience of array of different content, we tore down the boundary that existed between IPTV and OTT by combining IPTV with live broadcast, OTT and VOD under OTT TV. 또한 구글과 독점 계약을 통해 유플러스 TV 전용 Chromecast를 출시하였습니다. 이제 기기 자체적으로 OTT 앱을 사용할 수 없는 일반 TV 보유한 고객들도 구글 Chromecast를 이용하여 각종 OTT 서비스뿐만 아니라 유플러스의 IPTV 실시간 방송과 VOD를 함께 이용할 수 있습니다. Also, through exclusive agreement with Google, we launched Chromecast specifically for LG Uplus TV. This device allows the users of conventional TV that doesn't support OTT application to use Google's Chromecast to enjoy not just OTT channels, but also Uplus' IPTV live broadcast as well as VOD. 이처럼 LG Uplus는 시장에서 영향력이 확대되고 있는 OTT와의 과도한 경쟁보다는 재미있고 다양한 OTT 콘텐츠를 당사의 IPTV 플랫폼을 통해 제공함으로써 고객의 cord-cutting을 최소화해 나가고 있습니다. As such, rather than engaging in over-competition with OTTs, whose market influence is growing, by offering fun and diverse OTT content across our IPTV platform, we're helping users minimize cord-cutting. 한편 지난해 10월에는 반려동물 전용 홈 IoT 기기인 Pet Toy를 출시하였습니다. Pet Toy는 보호자가 외출한 경우에도 반려동물의 놀이 훈련 지원이 가능하기 때문에 보호자는 마음 놓고 외출할 수 있고, 집에 남은 반려동물도 외롭지 않게 시간을 보낼 수 있습니다. We rolled out Pet Toy last October, which is a home IoT device for companion animals. Pet Toy plays with and trains pets when the caregiver isn't home so that they are not left alone and lonely, and people can leave them behind without being worried. 올해도 LG Uplus의 Smarthome business는 댁내에 안정적인 인터넷 서비스를 제공하고, OTT 통합 서비스 등을 통해 편리한 시청 환경과 다양한 제휴 및 오리지널 콘텐츠 제공을 통해서 고객의 시청 경험을 만족시킬 수 있도록 더욱 노력하겠습니다. This year, Smarthome business will continue to endeavor to provide stable internet services in home, offer ease of viewing through OTT integration, and deliver original content, and work in partnerships so as to better satisfy our customers. Home IoT 사업에서도 빼어난 디바이스를 지속적으로 개발하여 고객의 지불 가치를 높이고, 특히 증가하는 반려동물 양육 가구를 위한 다양한 서비스 개발로 펫 사업 역시 성장시켜 나갈 예정입니다. We will develop exceptional devices for the home IoT business to enhance value for money and develop variety of different services for households with pets to further drive our pet business. 다음은 기업 인프라입니다. 기업 신사업 그룹장 Lim Jang-hyuk입니다. Next is on the B2B infrastructure business. I'm Im Jang-hyuk. I'm Head of New Enterprise Business. 기업 인프라 사업의 사분기 주요 성과를 말씀드리겠습니다. Key highlights for B2B infrastructure for Q4 are as follows. 사분기 기업 인프라 사업은 기존 사업과 신사업의 고른 성장으로 전년 동기 대비 십일점 오 퍼센트, 직전 분기 대비 십팔점 사 퍼센트 성장한 사천사백삼십육억 원을 기록했으며, 연간 수익은 육점일 퍼센트 성장한 일조 오천팔백삼십칠억 원을 기록하였습니다. Backed by evenly spread growth of existing and the new businesses, B2B infrastructure was up 11.5% on year and 18.4% on quarter, reaching KRW 443.6 billion with annual revenue of 6.1%, reporting KRW 1,583.7 billion. 사분기 솔루션 수익은 신사업의 성장으로 전년 동기 대비 십육점 팔 퍼센트 성장한 천육백구십일억 원, 연간으로는 전년 대비 칠점 삼 퍼센트 성장한 오천이백사십삼억 원을 기록하며 기업 인프라 성장에 기여하였습니다. Q4 solutions revenue, driven by the growth of our new businesses, was up 16.8% year-over-year to KRW 169.1 billion, while full year revenue was up 7.3% year-on-year to KRW 524.3 billion, supporting the growth of enterprise infrastructure business. IDC 사업은 사분기 칠백칠십팔억 원으로 전년 동기 대비 십오점 이 퍼센트, 연간 이천팔백칠억 원으로 전년 대비 팔점 육 퍼센트 성장하며 고성장을 이어갔습니다. Q4 IDC business was KRW 77.8 billion, up 15.2% year-over-year, and revenue for the full year was KRW 280.7 billion, up 8.6% year-over-year, sustaining an elevated uptrend. 기업 회선 역시 안정적인 수익 성장으로 사분기 전년 동기 대비 육점일 퍼센트, 연간 사점사 퍼센트의 성장률을 기록하였습니다. Enterprise line also posted a stable earnings growth, with Q4 growing 6.1% on year and full year revenue posting 4.4% growth. LG유플러스의 B2B 신사업은 사분기에도 수주 및 레퍼런스 확대를 지속하였습니다. 특히 당사가 생태계 확산에 주력하고 있는 커넥티드카의 경우 경쟁력 강화를 위한 본격적인 행보에 나섰습니다. In Q4, we continued to bring in more orders and increased references for B2B new businesses. For instance, we've been very much focused on growing the ecosystem for connected cars, with which we've now started to solidify our competitiveness. LG유플러스는 글로벌 완성차 및 국내 스마트카에 인포테인먼트 플랫폼을 제공하는 스마트카 소프트웨어 플랫폼 기업인 오비고에 칠십이억 원의 지분 투자를 단행하였습니다. LG Uplus made equity investment in the tune of KRW 7.2 billion into Obigo, a smart car software platform company that provides infotainment platform to global OEMs and domestic smart car providers. 양사는 이를 통해 인포테인먼트 서비스 역량을 고도화하고 차량용 통신 서비스 사업과 콘텐츠 사업을 동시에 전개할 예정입니다. The two companies plan to further upgrade infotainment services and carry out both in-vehicle telecom and content businesses. 현대자동차와의 제휴 확대로 올해부터 제네시스, 현대, 기아 차량의 전 차종에 무선 통신 회선을 제공할 예정이며, 이를 통해 LG Uplus가 Connected Car 시장의 선도 사업자로 자리매김할 것으로 기대하고 있습니다. Also, partnership with Hyundai Motor Company was broadened, and starting this year, across all of Genesis, Hyundai, and Kia car models, we will start providing wireless communication circuits. Through this, we look forward to LG Uplus becoming a forerunner in the Connected Car market. 2023년에도 LG Uplus는 고객의 사업 환경과 고객 니즈를 끊임없이 분석하고 서비스를 지속 개선하여 기존 회선 사업에서는 안정적인 성장을 이어가고, 평촌 제이 센터 완공에 따른 IDC 사업의 지속적인 성장과 SOHO, SME, 모빌리티 사업의 플랫폼화를 통한 신사업 성장을 이끌어내겠습니다. LG Uplus will continue to analyze customers' business environment and their needs so as to continue to improve our service offerings and sustain steady growth trend from the existing enterprise line business. With the completion of our second Pyeongchon data center, we'll drive continuous growth for IDC businesses while at the same time developing SOHO, SME, and mobility platform to drive the growth of new businesses. 이상으로 사업별 실적 발표를 마치고, 2023년 경영 목표 및 전망에 대한 CFO 말씀이 있겠습니다. This ends the performance of each business segment. We now invite back our CFO for 2023 business goals and outlook. In the course of year 2022, we provided distinct customer experience, thinking long and hard about ways to drive quality growth of subscribers, made our new growth plans concrete, hired experts from outside to strengthen our organizational capacity, all in an effort to lay the basis as a digital innovator. In this vein, we will accelerate digitalization of our core, which is the telecom business, to push ahead as digital innovator to bring groundbreaking online CX, customer experience, improvement across subscription, activation, and CS. Based on data, we plan to level up viewing experience and leverage capabilities to develop competitive products and content in order for us to fully embark on future growth businesses. To make our growth strategy successful, exceptional customer experience is what is important. Based on many years of customer-centric mindset, we will drive B2C platform business to success and make B2B business platform for SOHO, SME and mobility in solidifying the foundation for future growth. Under this directional approach, I wish to present standalone service revenue growth target of 4% in 2023. Underpinned by steady profit from the incumbent telco business and high new business revenue growth, we plan to set up a balanced business structure and solidify the fundamentals as a digital innovator company. We will also further enhance shareholder return and corporate value in year 2023 and live up to our ESG responsibilities. Thank you. This now concludes the earnings report. We are now open for Q&A. Q&A session will begin. Please press star one, that is star and one, if you have any questions. Questions will be taken according to the order you've pressed the number star one. For cancellation, please press star two, that is star and two on your phone. The first question will be provided by Kim Hoi-jae from Daishin Securities. Please go ahead with your question. Hello, from Daishin Securities. Would like to ask you two questions. First is if you look at your FY 2022 annual operating profit, it went above the KRW 1 trillion level, and we see that the performance for the 1st quarter was also showed a very good increase. Can you provide us as to the reason why this was the case? What were the drivers? If you could just also review the overall FY 2022 performance, including the Q4 and OPs, that would be helpful. Also, can you share with us your 2023 guidance? Second question relates to your dividend policy. Your stance is that excluding the one-off, the non-recurrings, you are payout, you will be paid out more than 40% on a standalone basis against the net profit. What is your dividend policy going forward for year 2023? Can you provide some direction with regards to DPS going forward? [Foreign language]. This is the CFO. I will respond to your question, first about the drivers behind the increase in operating profit in Q4, and also provide you with the overall review of the annual performance, and also talk about the guidance for year 2023. First, the reason why we see a increase in operating profit, first off, is that we have been able to bring about better growth into the fourth quarter for our mobile business, as well as B2B infrastructure business. Thanks to our efforts in making the costs more efficient on a Q4 basis, consolidated operating profit reported KRW 286.6 billion. In order to make sure that there is no fluctuation or a significant up and down on a quarterly-based operating profit, we've been quite reasonable in spreading out the related costs. There were no one-off, non-recurring expense that was booked in Q4. All of these elements helped us drive up operating profit in the fourth quarter. [Foreign language]. Moving to the second question about if we look at the performance and earnings for Q4 in 2022, just very briefly. On a separate basis, service revenue for Q4 posted a growth of 4.4% year-over-year. On an annual basis, year-over-year growth was 3.2%. If you look at service revenue on a per annum basis, we underperformed our original guidance. If you look at Q4 year-over-year growth, we posted 4.4% of growth, which provides us with some positive outlook going into the future when we think about the top line growth for 2023. If you take a look at the operating expense line item, thanks to more stable competitive backdrop, our marketing expense was on par with the level of 2021, and depreciation amortization costs were also quite steady, and we were able to efficiently manage the overall operating expense. As a result, we were able to outperform market expectations in terms of Q4 operating profit. Our per annum operating profit also surpassed KRW 1 trillion mark. [Foreign language] Now, to talk about the guidance for year 2023, supported by an evenly spread out growth from our existing telco business, as well as growth drivers of our new business. In year 2023, our guidance is better than the previous year on a separate basis service revenue growth of +4%. To look at more on the detail, more of the details. First, if you look at mobile, last year we were able to increase MNO handset high value customers, HVCs. Thanks to that, we believe that as we go into 2023, we can look forward to higher ARPU as well as higher basic fee revenue. Also, thanks to the volume growth of M2M and MVNO mobile service revenue, we expect compared to 2022 performance or growth of 2.4% there will be further improvement in 2023. Smart Home 사업은 Giga internet 가입자 증가와 OTT TV 출시에 따른 IPTV 가입자 증가를 통해서 Middle Single 수준의 성장이 예상되고 있고, 기업 인프라는 IDC와 솔루션 부문의 꾸준한 성장으로 2023년에도 High Single 정도의 매출 성장은 가능할 것으로 기대하고 있습니다. For Smart Home business, thanks to the uptrend in Giga internet subscribers as well as uptrend in IPTV subscribers driven by the release of OTT TV, we are expecting about mid-single digit growth. For B2B infrastructure, thanks to sustained growth from IDC and solutions business, we are looking forward to a revenue growth in the high single digit for 2023. 또한 신사업에서도 Telco-Life Platform의 신규 서비스와 B2B 신사업의 smart mobility를 중심으로 한 고성장이 기대됩니다. 이렇게 2023년에도 LG Uplus는 통신업과 신사업의 밸런스 있는 사업 구조를 확립해서 top line 매출 성장을 이끌고 지속적으로 추진해 왔던 비용 효율화 노력도 병행해 나갈 것입니다. 이를 통해서 2022년 수준의 영업이익을 확보하면서 신사업에 대한 성장 스토리를 구체적으로 시장에 전달하면서 LG Uplus의 기업 가치 제고를 위해 더욱 노력하겠습니다. If you look at our new businesses, by introducing new services under the Telco-Life Platform and really focusing on smart mobility business under the B2B new business, we're expecting quite steep growth. As such, in year 2023, LG Uplus will solidify our well-balanced business structure between telecommunications and new businesses, which will help us drive top line revenue growth. We will continue to focus on cost efficiencies as well. Through such results, we wish to achieve operating profit that will be on par with what we've seen in year 2022, really share with the market the growth strategy that we can experience from our new businesses, which will all help us further enhance corporate value of the company. 네, 올해 첫 IR이어서 좀 상황이 좀 설명이 좀 길어진 것 같습니다. 두 번째 질문인 2022년 기말 배당금 규모 및 2023년 연간 배당금 규모에 대한 전망을 부탁하셨는데요. 회사는 주주 가치 제고를 기본 원칙으로 배당 가능 이익 범위 내에서, 회사의 지속 성장을 위한 투자, 재무, 재무구조, 경영 환경을 고려해서 배당을 결정하고 있습니다. 2022년 초에 이미 배당 정책의 변경 공시를 통해서, 변경 공시를 통해 시장에 안내를 한 걸로 알고 있습니다. 기존에 저희는 기존 순이익의 30% 이상에서 2022년에는 40% 이상의 배당정책을 상향 변경하여서 시장의 기대에 부응하고자 했습니다. Since this is the first earnings conference call of the year, I think, you know, providing you with a quite a lengthy answer. Please bear with me. Moving on to the second question on the size of the DPS as well as our dividend policy going forward. Basically, we decide on the dividend, fully considering the need for investment, the financial position, as well as the operational backdrop that will be necessary for the sustainable growth of the company within the what's payable within the distributable gains and also u nder a strong principle of shareholder value enhancement. Early 2022, we made a disclosure of change in terms of the dividend policy, as such, we have upped our dividend payout ratio to more than 40% in 2022, moving away from 30% against the previous, 30% against net profit. 이런 주주 친화적인 배당 정책하에서 최근 이사회를 통해서 주당 배당금 KRW 650으로 확정하였습니다. 2023년에도 지속적인 경영 성과 창출을 통해서 꾸준히 DPS를 상향하고 적극적인 시장 소통을 통해서 주주 가치 제고가 될 수 있도록 최선을 다하겠습니다. Under such shareholder friendly dividend policy, in the most recent BOD, we've approved and made the decision to pay out KRW 650 per share as a total dividend for 2022. Next, this year or year 2023 as well, we will continue to generate business performance so that we can continuously move upward our dividend per share. We'll quite proactively communicate with the market and do our best to enhance shareholder value. 다음 질문 대기자분 질문해 주시기 바랍니다. We will take the next question, please. 다음으로 질문해 주실 분은 흥국증권의 황성진 님입니다. The following question will be presented by Seong Jin Hwang from Heungkuk Securities. Please go ahead with your question. 예, 그 질문해 주셔서 감사합니다. Heungkuk Securities의 Hwang Sung-jin입니다. 2가지 질문드리겠는데요. 아까 저 CFO님 앞에서 말씀 좀 주신 것 같은데, 그 Q4에 그 모바일 쪽 성과는 꽤 좋았던 걸로 보이는데 혹시 뭐 경쟁 환경이나 뭐 가입자 믹스나 뭐 이런 측면에서 혹시 뭐 특별한 요인이 있었는지 좀 궁금하고요. 2023년 전망 전체적으로는 가이드 주셨습니다만, 혹시 뭐 가입자나 뭐 ARPU나 뭐 5G 복원율이나 뭐 혹은 뭐 그 Medialog 쪽 상황이나 뭐 이런 쪽 관련해서 전망이나 스케치하는 거 있으시면 좀 같이 공유해 주시면 감사하겠습니다. 그리고 2번째는 그 B2B 쪽에서 그 클라우드나 모빌리티 같은 경우 신사업 쪽 그 굉장히 좀 강조하시는 것 같은데, 2023년도에 좀 구체적인 사업 전략 방향 같은 거 있으면 저희랑 같이, 공유할 수 있을지 궁금합니다. 예, 이상입니다. Thank you. I am from Heungkuk Securities. would like to ask you two questions. The good performance that we've seen on your mobile business for the fourth quarter, if you could provide a little more color as to in terms of the overall competitive environment, and in terms of acquiring more subscribers, can you provide with us a little more beef or more data? If you have any outlook for 2023 in terms of subscribers, ARPU, 5G penetration and Medialog, that would also be quite helpful. Second question is, as on your B2B new business, you seem to be emphasizing quite a bit on the new businesses of cloud, and mobility. What is your strategic direction for these new businesses? [Foreign language] Hello, I am the Head of MX Innovation. I will respond to your question about the mobile services revenue. If you look at Q4 mobile service revenue, it was up 3.3% on year and 1.4 percentage points compared to the previous quarter. The full year mobile service revenue for FY 2022 posted a growth of 2.4% year on year. The reason why we see such improvement in these numbers and performances, even despite the net reduction in the number of handset subscribers, is because we were able to attract more number of high value customers, which drove improvement in the basic fee revenue. At the same time, we've seen volume growth from MVNO and M2M business. Also we saw a higher roaming revenue with the restrictions on COVID being removed. [Foreign language] Looking out into year 2023, we, because we have cumulated high value subscribers, we continue to expect an uptrend in the basic fee revenue. We expect MVNO as well as roaming revenue to continue to rise as well. If you look at 5G penetration in the year 2023, the mix we expect is going to be above 60%. At the same time, the online channel is going to be further strengthened and our marketing expense is going to be a more steady in terms of the spending, which will help us with the profitability side as well. For 2022, in terms of the churn rate, it was about 1.8%. In 2023 we will continue to solve the pain points of our customers so that we can improve on the churn rates going forward as well. [Foreign language] I am Im Jang-hyuk. I am from the B2B New Business Group. I will respond to your question about the B2B New Business performance and future plans. For the smart factory business, we identified new solutions, using that to further strengthen our product portfolio. We rolled out subscription service underpinned by cloud, which helped us lay the basis for expanding our customer base, which will also include mid-tier companies. We've also laid a sustainable business framework in place and really expand our customer segment to include the work sites, the industrial sites. With these strategies in mind, our objective is to grow this business, on a CAGR of more than 30% up to year. 다음은 Mobility 사업 분야입니다. 우선 Connected Car 사업은 통신과 infotainment 플랫폼을 탑재한 국내 및 외산 자동차 수입 업체의 판매 호조로 고객 저변과 매출이 확대되고 있습니다. Now moving to smart mobility business. We've seen good sales figures coming in for imported cars as well as domestic cars. Our customer base and the potential for revenue for Connected Car business, which offers telecom plus infotainment platform, actually, rise quite positively. ITS 사업은 강릉시, 천안시 등 대규모 기반 구축 사업의 연이은 수주로 매출을 확대하고 있습니다. 기존 사업 구조에 콘텐츠 서비스와 플랫폼 사업 모델을 추가해서 2025년도까지 연평균 50% 이상 지속적으로 성장시켜 나갈 계획입니다. For the ITS business, we've been quite successful in winning large scale infrastructure based projects taking place at Gangneung and Cheonan City, really expanding our top line revenue opportunities. We will be putting on top of our existing business structure, content, service and platform business model through which we are trying to grow our business at a CAGR of more than 50% up to 2025. 기존의 B2B 신규 사업 분야와 관련해서는, 저희가 팩토리와 모빌리티 이외에 로봇과 Metaverse를 두 개의 큰 축으로 전문 솔루션사와 전략적인 제휴, 다양한 마켓 레퍼런스 확보 등을 통해서 질적, 양적 모든 측면에서 의미 있는 미래 성장 기반으로 육성해 나갈 계획입니다. For the existing B2B new business areas, aside from factory and mobility, which include robot and metaverse, those are the two important pillars, through entering into strategic partnerships with specialized solution providers and gaining, more variety of market references. We will be growing these business in terms of both quality and quantity, and build it out as a meaningful foundation for future growth. 진행자님, 현재 질문 대기 중인 분이 계신가요? 현재 세 분 대기 중이십니다. 시간 관계상 한 분의 질문만 더 받도록 하겠습니다. 마지막으로 질문해 주실 분은 신한증권의 김아람님입니다. The last question will be presented by Aram Kim from Shinhan Securities. Please go ahead with your question. 네, 안녕하세요. Shinhan Aram Kim 연구원이라고 합니다. 질문 기회 감사합니다. 앞서 많이 말씀해 주신 것 같긴 한데 혹시 비통신 전략에 관해서 더 구체적으로 업데이트 해 주실 만한 성과나 계획 있으시면 알려주시면 감사하겠고, 또 미디어 부분에서는 오리지널 작품 제작을 많이 계획 중이신 것 같은데 제작 계획이나 제작비 어느 정도 생각하시는지 알려주시면 감사하겠습니다. Thank you. Can you provide us with an update on your non-telco business side in terms of the performance and future plan going forward? For your media business, what are some of the pipeline of original content that you're planning to produce? If you could share some light there also in terms of the amount of budget, the financial, I guess the cost that's going to be relevant to it, that would also be helpful. 예, 먼저 비통신 분야 성과와 향후 계획에 대해서 CSO가 말씀드리겠습니다. As I'm the CSO, I will respond to your question on the non-telco business. 유플러스는 작년 구 월 미래 성장 전략인 유플러스 삼 점 영을 발표했습니다. 고객에게 새로운 디지털 경험을 제공을 하고, 데이터 기반의 서비스와 사업 영역을 확대해 가는 디지털 혁신 기업으로의 전환을 꿈꾸면서 Life, Play, 성장 케어 등 삼 개 분야의 신사업과 Web 삼 점 영으로 대표되는 미래 기술을 사 대 플랫폼으로 제시했습니다. On September twenty twenty-two, U+ as a future growth strategy, announced U+ 3.0 so that we can provide new digital experience to our user base and expand our business scope underpinned by data and services, and really redefine ourselves as a digital innovator. To that end, we introduced three new businesses including Life, Play and Nurture and Care, as well as Web 3.0. 먼저 통신 기반의 Lifestyle Platform의 경우에 U+독은 사십칠 개 제휴사와 칠십팔 개 상품을 제공하고 있으며, 다양한 프로모션 제공과 플랫폼을 오픈 형태로 개발하고 있어서 가입자 기반이 점차 늘어나고 있습니다. Looking at the Telco-Life Platform platform, which is represented by Udok, it's partnering up with 47 affiliated companies providing 78 different products. It's been providing various different promotions, and it's developing an open platform to expand its subscriber base. 다음으로 play platform의 경우 고객이 다양한 콘텐츠를 한 곳에서 쉽게 시청할 수 있도록 IPTV를 OTT TV로 개선함과 동시에 제작에 관련된 STUDIO X를 설립하고 우수한 인력을 영입하였으며, Idol Plus의 경우에 글로벌 대표작 및 글로벌 웹 출시를 통해서 해외 고객 비중을 확대하고, 스포츠에 관한 Sporki 앱의 경우에 종합 스포츠 플랫폼으로 발전시키고 있습니다. For the play platform, in order for people to be able to view various different contents in one place, we improved our IPTV to OTT TV. We also set up our STUDIO X+U and we hired experts from outside as well. Idol Plus, we are trying to increase the mix of our global users by introducing global titles and global through rollout of global web. We also introduced Sporki, which is a comprehensive sports platform that would provide entertainment services relating to many different sports, including baseball and golf. [Foreign language] For the nurture and care platform, we launched mobile kids OTT, having people. This is a paid platform, paying KRW 25 thousand a month, and this has been developed into an open platform agnostic of the telco services that people subscribe to. Anyone can enjoy these services. For Web 3.0, in the areas of Metaverse, NFT and blockchain, there are plenty of growth potential, and we're at this point reviewing and planning different things that could fully leverage these assets. Once we have more details in regards to rollout of new services, we will be able to communicate that with you during the quarterly earnings call. [Foreign language] Yes. Hello, I'm CCO Lee Deok-jae. I will provide you the answer regarding the current progress regarding producing our original content and the relevant costs. Now, last year, as I have previously communicated in other occasions, we've really focused our efforts on building up the organization, hiring creators from outside who have the experience of multiple success. Based on this built up capabilities from year 2023, our studio, STUDIO X+U, is now going to focus on developing an original content. Our studio, STUDIO X+U, currently have been putting in a lot of effort in developing and producing the content. There are many ideas and plans in place. I think that starting the first half of this year, we will be able to showcase that to you as well as to the public. [Foreign language] In developing the content, the original content from our studio, the key pillars are fun, empathy, innovation and scalability. Those will be the key pillars upon which we make the decision and develop our own original content. Those contents that we develop will be aired and showcased through our internal channel, which are Mobile TV and IPTV. If there is a good fit, we will also make use of outside channels, including OTT channel as well. For us at this point in time, what's important is for us to come up with the content that could create a good buzz. [Foreign language] To that end, we have set a dedicated distribution organization within the group, and we have the relevant capabilities that we require in-house. Also we are planning to partner up with many other providers outside as well. Once we have more detailed plans, we will come back to you. [Foreign language] Regarding the production costs for these contents, won't be able to share with you the specific number. But what's important for our STUDIO X+U is not the number of contents that we make, but increasing the hit ratio, the successful content. That basically is the core target or objective that we have. Rather than investing immense amounts of costs at the, you know, at the beginning of this business, we want to be able to steadily build success cases and gradually expand our investment. That is our plan. Thank you. [Foreign language] We apologize we weren't able to take the remainder 2 questions in the queue. Please do contact the IR team and we will provide you with more details. With that, we will close the LG Uplus' earnings conference call for Q4 2022. Thank you very much for joining us.