Good afternoon. Thank you for joining the earnings conference call of Hana Financial Group. I am Joonm oo Park, Head of IR at Hana Financial Group. I thank everyone, including shareholders, analysts, and other market participants, for joining us via the call line or internet. Now we will start the 2023 first half earnings call. Today, CFO Jong-Moo Park of the Hana Financial Group is present, together with other key executives of the Hana Financial Group and subsidiaries. We will start with a presentation on business results, followed by a Q&A session conducted over the call line. Now, CFO Jong-Moo Park will take you through the first half business results of Hana Financial Group Good afternoon. This is Jong-Moo Park, CFO of Hana Financial Group. Once again, I would like to thank all the analysts, shareholders, and investors for joining us for today's earnings call. Before going into our earnings, I have some comments on the accounting standards. As you well know, Hana Financial Group has adopted the IFRS 17 accounting standard, starting from the 2023 first quarter business results. For the materials being shared today, the 2022 business results of the group and the insurance affiliates have been re-prepared retrospectively based on IFRS 17. With that, let's look at the group's 1st half business results. First, the group highlights, which starts from page 3. Hana Financial Group's second quarter net income was KRW 918.7 billion, which is an 11.9% increase year-over-year. For the entire first half, net income was KRW 2,020.9 billion, which is a 16.6% YOY increase. While Hana Bank's performance improved significantly versus the first half of last year, the non-bank affiliates, including Hana Securities, fell short of our business plan, resulting in an overall performance coming in below market consensus. In terms of key metrics at the group level, core earnings, including both interest and fee income, increased YOY. In particular, the disposition and valuation gain increased significantly, supported by securities and FX derivative-related earnings benefiting from market volatility, and this was a major driver of our top-line improvement. The group's Cost-to-Income Ratio was 37.1%, which is the lowest since the launch of HFG, thanks to decrease in one-off early retirement expenses, combined with Hana Financial Group's strong cost efficiency. Accordingly, Hana Financial Group's first half pre-provision operating profit increased by 37% YOY, demonstrating a significant improvement in the group's overall income-generating power. The group's provisioning expense in first half was KRW 777.4 billion, which is a significant increase versus first half of last year. This is mainly attributed to the preemptive provisioning of KRW 310 billion in total, by applying some more conservative probability of default to prepare against domestic and international uncertainties, such as inflation, higher interest rates, credit tightening, and geopolitical tension. Today, the Hana Financial Group board of directors approved a KRW 600 per share quarterly cash dividend. This was a decision taken to provide regular cash flow to the shareholders and to secure full year dividend visibility by institutionalizing a quarterly payout program. Even though the group's CET1 remains under 13% due to various factors, including the final adoption of Basel III in Q1, we plan to stably manage the CET1 ratio in the second half of this year based on the group's current laws sourcing capacity. We will remain focused on faithfully implementing the capital management and shareholder return policy announced at the start of the year, and also on delivering above industry average shareholder return. Please turn to page 4. In Q2, group NIM was 1.84%, which is a 4 BP decrease from Q1. While Hana Card's NIM somewhat improved thanks to profitability improvement activity, including pullback on interest-free installment offers, Hana Bank's NIM fell by 7 BP QoQ. The bank's NIM drop is mainly attributed to the bank's asset structure, which has a high share of floating rate assets. Market rates, including financial bonds, fell significantly compared to three or six months ago, which resulted in a relatively large asset repricing effect. On top of this, funding cost increased due to the policy rate increase that happened earlier this year, resulting in a drop of NIM quarter-over-quarter. That said, market rates have remained stable since the increase in May, and Hana Bank is focusing on portfolio optimization, including increasing the share of fixed rate loans and improving its funding efficiency. We expect bank NIM to bottom out during Q3 and show gradual improvement from Q4. Meanwhile, despite a drop in bank NIM, the Group's first half interest income increased by around 2% YOY, and second quarter interest income increased by 2.6% QoQ, thanks to healthy asset growth around high-quality corporate loans and improved interest income from non-bank subsidiaries. On the right-hand panel, you will see that while bank household loan continues to decrease, corporate loans have increased 7.4% year-to-date, resulting in a total Korean won loan growth of 2.6% year-to-date. Household loans have been on a declining trend since last year, owing to higher interest rates and weak real estate markets. Because household loans were expected to contract again this year, we have been focusing on high-quality corporate loans to make up for this. In the second half, corporate demand for liquidity is expected to continue, and we will pursue loan growth selectively around high-quality assets, backed by strict risk management. Now let me go over the non-interest income. The group's non-interest income in the first half grew significantly YOY to KRW 1,370.1 billion. The group's disposition and valuation gain increased YOY to KRW 750.8 billion. Strategic maneuver around financial market indicators, such as interest rates, allowed marketable securities-related gain, and also efforts to discover new sources of profit, such as introducing for the first time 24-hour FX transaction, greatly improved the trading performance. In addition, on the back of increased overseas travel and newly found demand for forward exchange, Hana Bank branches' gain on FX sales showed sound growth. On a quarterly basis, as the financial market volatility gradually subdued, the group's disposition and valuation gain shrank QoQ, but on a YOY basis, it is still quite sound, leading the group's non-interest income growth. The fee income maintained the previous year's level for the first half. Some of the market-sensitive items, such as brokerage and M&A advisory fees, were sluggish, but accumulated type fees, including trust, retirement pension, operating lease, showed decent improvement. The quarterly fee income, which had bottomed out in Q4 last year, has steadily recovered, and this quarter recorded KRW 471.7 billion, up 6% QoQ. Business conditions improvement, along with the increasing Korean stock trading volume, uplifted the stock brokerage fee. Efforts to grow assets paid off in improvements in fees related to loans and FX, and as such, there is sound growth in the overall fee income items. Moving on to page 5, the group's NPL ratio in the first half 2023 has increased 5 basis points QoQ to 0.45% due to domestic real estate PF asset deterioration. There is heightened vigilance felt throughout the non-bank subsidiaries as there is an upward trend in NPL. There will be group-wide efforts for asset quality management to curb related risks by actively utilizing the PF Lender Council, which had been active since the second quarter, and through prompt resolution of delinquent corporate loans and tight management on household loans. The delinquency ratio went up 3 basis points QoQ, as there was a slight increase in delinquent assets, including the bank's SOHO loans and mortgage loans. However, most of the bank's delinquent assets are covered by collateral, and the group's delinquency ratio growth was greatly reduced, thanks to the group's diligent management efforts. Provision and credit cost ratio will be explained in detail on the next page. Let me first address the group's capital adequacy. As of the first half of 2023, the group CET1 ratio is 12.80%. It is slightly down from 2022 year-end due to Basel III increased credit RWA related to corporate loans and FX appreciation. As was mentioned before, in the second half, we will do our best to manage the capital ratio more stably, so that we can enhance shareholder value through diverse shareholder return measures. Page 6 is an additional explanation about the group's preemptive provisioning. Since COVID, Hana Financial Group has steadily set aside for several years preemptive provision to secure sufficient loss-absorbing capacity against NPL risk. The efforts continued into the first half of this year. In Q1, a total of KRW 40.1 billion of preemptive provision against Hana Bank's PF assets was recognized. In the second quarter, a total of KRW 270.3 billion was additionally provisioned by adjusting the PD by conservatively applying the future-oriented multiplier in order to preemptively be ready for any uncertainties and to build enough loss-absorbing capacity, come what severe recession may. As a result, although the group's Accumulated credit cost ratio in the first half is 42 basis points up QoQ. Considering the one-offs, the normalized credit cost ratio is being maintained stably within 30 basis points. With the preemptive provisioning, we expect the group's credit cost ratio to not exceed the current level by that much. Page 9 deals with the subsidiaries' business results. Hana Bank's net income in the first half recorded KRW 1,839 billion, 33.9% increase YOY, thanks to sound core earnings growth and improved disposition and valuation gain. Hana Securities net income for the first half was a disappointing KRW 34.6 billion, although the investor sentiment arose with the domestic and overseas stock market rallies and an increase in fee income due to increased customer base and IB sales restructuring. Due to CFD-related provisioning and recognition of impairment loss on the IB investment assets, there was a deficit reported in the second quarter. Lastly, Hana Capital's net income in the first half was KRW 121.1 billion, and Hana Card, KRW 72.6 billion. Both subsidiaries experienced a growth in their top line YOY, thanks to their main business' sound growth. Due to provisioning burden caused by the rising delinquency ratios, the net income decreased. Please refer to the remaining slides for further information. This concludes Hana Financial Group's 2023 first half earnings presentation. Thank you very much!