For some thirty years since the production of refractories back in 1980, Foosung has been building a solid operational base centering around such key industries as the chemical, automobile, defense, construction, and IT system, and steadily seeking to enter into new areas of operation with high added value. To this end, Foosung is engaged in endless research efforts geared toward the highest level in each area, and intends to design differentiated products and services to keep its promises with customers. Foosung has also undergone innovative restructuring to enhance its competitiveness, and all officers and employees are working tirelessly to increase its enterprise value. Building on its valuable accomplishments and capabilities achieved to date, Foosung is preparing to make a second stride toward a full transformation and innovation. We will take the lead in innovative future technologies in key industries, and creatively exploit the market to shape the future of Foosung. We will use our best efforts to become one of the first and foremost businesses of the 21st century, loved and respected by both our customers and employees.