And he had an experience of building out an infrastructure that is on par with what is expected of a digital ICT powerhouse. And he had really shared his vision and plan with regards to service offerings. He also had shared his vision that through scaling up of ICT infrastructure investment as well as the telecom business, he provided his views as to how he’s going to drive very solid growth, which is underpinned by trust, both internally and externally. Because of his strong commitment in bringing improvements into the corporate culture and the way a company is managed, supported by his DX capabilities and his growth strategies that is strongly pivoted on the very fundamentals, BoD considered him to be a very right fit, the right person to be driving innovation and growth.
And basically, this is the background under which the BoD has selected him, as he would be a person who would be able to really contribute to further enhancing corporate value and bring about sustainable growth. So, we are going to try to set up an opportunity for the market to meet our incoming CEO, so that he could share his vision and strategy in regards to running this company. In terms of the timing, we will come back to you and communicate to you once we have that detail. So regarding the dividend plan, once we formally appoint our CEO and once the BoD is formed based on the views and feedback that we get from our shareholders, we will come up with the dividend plan, and we’ll communicate that with to you. KT’s BoD has a track record of basing its decision on shareholder return policies upon the feedback that it received from its shareholders, that was the principle that we have kept to and the new incoming BoD, I believe, will do the same.
Seung-Hoon Chi: [Foreign Language] [Interpreted] Next question, please.
Operator: [Foreign Language] The next question will be presented by Aram Kim from Shinhan Securities. Please go ahead with your question.
Aram Kim: [Foreign Language] [Interpreted] Thank you for taking my question. I also would like to ask you two questions. First, for this quarter, I see that your subsidiary contribution has been quite significant. Can you elaborate a little more on the background to this? Was it the case that during first quarter, the revenue profile wasn’t as good, and then in Q2, you’ve seen an improvement? Is that what would explain this high level of contribution? Or what do you think is the just a business as usual or normal level of profit contribution coming in from your group of subsidiaries? Second question is a question on your AI business. What is the direction that the company is envisioning for this business? And do you have specific services where you are actually generating revenue from such AI services? If so, can you tell us as to what they are?
Young-Jin Kim: [Foreign Language] [Interpreted] Well, thank you very much, Ms. Kim Aram, for your questions. I will first respond to your question about our subsidiaries’ contribution. So, regarding the subsidiary contribution, on top of a very well-balanced growth that we are seeing from B2C and B2B business areas on a KT stand-alone basis, we have seen additional growth engine and momentum being formed from KT Group’s other businesses or subsidiary businesses, including finance, content, DX and real estate. Out of all the subsidiaries, our two subsidiaries, namely BC Card and KT Estate, had made the biggest profit contribution. So, if you first take a look at our BC Card business, it is our core and key subsidiary out of KT’s group financial business and especially the acquiring business, which is a cash cow, was able to really bring about steady income revenue stream.
