I am very pleased to welcome you to Daewoo Electronics, one of the world's leading electronics companies. Daewoo Electronics has been committed to human-centric management. As a company involved with human life, Daewoo Electronics' corporate philosophy is to contribute to healthy and full lives for people and environment around the world through products applied technology that are highly appraised internationally. We are leading manufacturer of consumer electronics worldwide. Our world-class products speak for themselves in terms of overall quality, innovation and performance. This is a direct result of our continuous investment in cutting-edge product development and state-of-the-art technologies that are designed with the customer in mind. As a result of improvements made in our corporate restructure, we are now ready to compete globally, and fulfill the Company's vision of becoming an industry leader as a manufacturer of high-quality, cutting-edge and environmentally friendly consumer electronics designed for the whole family to enjoy.
In an age of intense-competition based on internationalization and liberalization, our high motivation and increasing growth are fostering new opportunities for developments in various markets. Daewoo Electronics is a multi-domestic company. While Daewoo Electronics thinks globally, we act to harmonize our efforts with the local managerial environment in nations around the world. By accelerating these localization efforts, we are, in fact, building a new Daewoo Electronics organization to serve the world's electronics needs, enhancing our capabilities to rapidly cope with the demands of ever-changing markets around the world. We at Daewoo Electronics are ready to move forward to a future based on the core competitiveness we have accumulated over the last 30 years. Keeping difficulties and efforts of the past in mind, our successful restructuring and reorganization restore the company to competitiveness and enable its enterprise value to increase in the long term. We have developed strategies to overcome any and all trials and tribulations that the domestic and international business climates may present us. In the process, I look forward to your continued support and encouragement. Let me also wish you and all of those dear to you the best of health and happiness for the year.