 Welcome to ITU Telecom World 2017 in Busan and the Republic of Korea. I'm very pleased to be in the studio today with Mr. Yong Loc Yoon who is the President of the National IT Industry Promotion Agency. Mr. Yoon, thank you very much for being with us. Thank you for your time, users. Now, first of all, we want to state that very much South Korea is considered as the world's most innovative economy according to the 2017 Bloomberg Innovation Index. I wanted to ask you what types of programs are available to support youth and future technology innovators and why are these programs important to you? Actually, our country in Korea is not a big country. We don't have natural resources. That's why we are very much focused on human capital, isn't it? Well, our young generations are eager to challenge for the future technology or future business. So we hope to encourage them for the future. So I always suggest them to make imagination instead of remembering because remembering is a journey to the past. Imagination is another journey to the future. So we always suggest them to make more imagination. Well, our strategy is how can we cultivate our young generation's imagination to the innovation, right? That's why we encourage some projects such as startup economy or digital innovation economy, something like that. So since the last government, we encourage our young generations to come out. And hopefully, not only within the territory, but also we are thinking about the challenge to the foreign countries. And furthermore, Korea is one of the best countries as far as the R&D budget is concerned. Our R&D budget is more than, more or less than 5%. Maybe that's the world first or second. So that's one of the reasons why we are encouraging our young generation first. And very hopefully, an ITU telecom world by chance is held here in Busan. And three years ago, we hosted the ITU planning potentially. And also, the reason why our trade is concerned, the Korea as a whole, we make 50 billion US dollars as trade stoppers. But out of that, I mean, ICT industry only, we make 100 billion trade stoppers. That means our economy is very much dependent on ICT industry. So that's why our government is very much concerned about how can we cultivate ICT technology and eventually mix it together with science and technology. And then we can expect great innovation from our young generation imagination. Now, you've been funding a number of projects. Perhaps you could tell us about one of the case startup grand challenges. And perhaps you could tell us a little bit about this. It's an incubator program, I understand. In Korea, the university students, 10% of them are foreigners now. Traditionally, our society is very homogeneous, but nowadays we are often. So not only we have to cultivate our young generation's ideas, but also we are supposed to encourage foreign students or foreigners to come into our country for startups or for innovation. That's why we started the case startup grand challenge just like K-pop. It's quite popular throughout the world, right? So nowadays, I mean, this year is second year. But last year, we invited more than 2,300 teams. And this year, more or less than that. So we are very successful. Our strategy is not only to encourage our young generation. Within the Korea, we are supposed to invite from other countries just like inbound products. Quite successful. And we are going to eventually expand it, not only here in this country, but also throughout the world. That's great. And also, I just wanted to ask you about the National IT Industry Promotion Agency. Why has the NIPA joined ITE Telecom World 2017 in this event? And what are your expected outcomes for this? Actually, I have been more than 25 years experiencing Korea Telecom. It's a legacy telecom operator. So last 25 years, my goal or one of the best importance of my goal was how can we expand our telecom infrastructure. But nowadays, infrastructure is everywhere in Korea, maybe one of the best throughout the country, throughout the world. So the mission from now on is how can we create values on top of that, right? So one of the best important one is cloud computing, right? That's why in this event, we open a very big cloud export. But not only the cloud computing, we are very much concerned about ICBM. You know, in North Korea, you know, it's threatening ICBM. The ICBM in North Korea is the Intercontinental Blessing Missile. It's hard power, right? But our ICBM in South Korea is much different. I stand for IoT, C, cloud computing, big data, and mobile. With those four elements, we are going to make very dynamic vitamins for any other industries. Human beings, sometimes we need vitamins, right? Vitamin A makes our eyes brighter. Vitamin D makes our skin more healthier. Just like that, every industry now they need vitamin. As you know, the shipbuilding industry in Korea last 25 years, we were number one throughout the world. Steel industry, number one, automobile, number four. But nowadays, because of the ship labor like China, India, and many other countries, our manufacturing industry is not compatible anymore. So we are going to provide some vitamins to every industry. Vitamin S for shipbuilding. So if we combine some IC technology with soft capability with shipbuilding industry, and then we can make those industries have more dynamics again. Just like that, we are going to provide many different kinds of dynamic, just like human being. So we are going to share those vitamins, not only here in Korea, but also all of the world, the ITU countries, member countries throughout the world. Well, it's been a pleasure having you in the studio. Thank you very much for those wonderful insights and challenges ahead. I'm sure we'll be met with revitalized energy and super vitamins all the way through. So thank you very much for that and we look forward to catching up with you again soon. Thank you. It's my pleasure too. Thank you. Great stuff. Excellent.