Mr. Choi has worked with KEP as a president for 17 years and has been an excellent asset to KEP. During his tenure, KEP had been successfully grown as a global company through his excellent leadership and foresight. Although his leaving is big loss for KEP, the company respected his decision to enjoy his retired life.

Mr. Chin, the new president and CEO, has been dedicating himself as a plant manager and vice president for 25 years. He has wide understanding of company and customer relationship, as well as deep knowledge in the products.

Even after the change, KEP's business philosophy and activity will not be changed. The customer service, quality assurance, sales strategy and environment, and safety policy will remain as it is.

We, KEP obviously hope to keep your confidence in the future of KEP.