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For us, it means to dream continually of building a healthier and happier world. It also means to transform Herald into a "Life beyond Media" brand by combining its information-knowledge businesses with eco-friendly materials and foods initiatives. Our vision is to help the Company grow ten-fold within the next 10 years, while playing a more vital role in daily lives of people.

Founded in the wake of the Korean War as "Korea's Window to the World," Herald has continued to grow as an innovative information-knowledge company. Its information businesses include newspapers, magazines, television, online and mobile services, while the knowledge businesses offer customized language education via nationwide English villages, language institutes and kindergartens.

During the past decade, in one of the most dramatic turnarounds in the Korean media industry, Herald has achieved 10 consecutive years of growth and profitability, a surplus capital structure and healthy labor relations. But we feel that we need to do more. We wish to continue to grow the Company, but only by doing our part to create a healthier world in which people can live happier lives.

So we began to "Re-imagine!" the future of Herald with a strengthened focus on people and the environment. In 2012, Herald Ecochem, an eco-friendly materials producer, and Herald Ecofarm, an organic fruit designer, were launched to reduce our environmental footprint and promote a healthier lifestyle. The initiatives also epitomize Herald's strenuous effort to become a "Life beyond Media" company.

As Herald celebrates its 60th anniversary in 2013, we reflect on our achievements and look ahead to what we can "Re-imagine!" in the years to come. We would like to ask for your continued support as we embark on this journey of imagination.

Thank you.