Hello, this is Alex on Pangeo Techno Valley Weekly News. Here's the news from the fourth week of July. Hanhwad Aerospace starts Aerospace Business Backed up by a solid performance. Hanhwad Aerospace, the intermediate holding company of Hanhwad Group's defense, industry and aviation business is continuing its high growth. The company's status within the group is also improving every day with a solid performance and a focus on fostering the group's aerospace venture, which is a new growth engine of the group. According to the Secured Industry on July 12, Hanhwad Aerospace is expected to record 1.3 trillion 1 in sales and 80 billion 1 in operating profits on a consolidated basis in the second quarter of this year. Hanhwad Aerospace entered the Aerospace Business in full force early this year by acquiring the satellite company SatTrek Initiative. SatTrek Initiative is the only company in Korea that can directly develop and manufacture key components related to satellites such as satellite bodies, terrestrial systems, and electro-optic payloads. Last March, the group launched Space Hub, the control tower that brings together the group's Space Business Capabilities, Kim Dong-won, the oldest son of Kim Seung-yeon, CEO of Hanhwad Group, is the leader of this project. In the Space Hub project, Hanhwad Aerospace engineers who participated in the development of the Korean Launcher Noody and scientists from Hanhwad Systems, Hanwad Corporation, and SatTrek Initiative are participating. In May, it established the Space Research Center with KICE to begin the development of Inter-Satellite Link. It is also studying projectile technology, satellite, attitude, control, observation technology, and space energy technology. Next up, Organoid Ball Disease, regenerative medicine, published in biomaterials. Organoid science announced on July 13th that a thesis containing the non-clinical results of the efficacy of radiation proctitis treatment using intestinal-organoid regenerative therapy was published in the online edition of the International Academic Journal, biomaterials on May 29th. Radiation proctitis is an inflammatory bowel disease that occurs in the colon or rectum due to damage to organs in the pelvis from treating bladder cancer, rectal cancer, prostate cancer, and cervical cancer. Radiation science has established a technology for developing intestinal-organoid-based regenerative therapy to treat radiation-induced intestinal problems at the source. Also in collaboration with the Department of Radiation Oncology at Chau University Boudouin Medical Center, a mouse model of radiation proctitis was made and efficacy was verified. According to the thesis, intestinal stem cells isolated from mouse intestinal tissues are differentiated into intestinal tissues while maintaining stem cell characteristics using organoid culture technology and transplanting and engrafting the cells in the damaged intestines of mice directly stimulates the differentiation and regeneration. In the thesis, not only was the efficacy demonstrated, but also the core technology for clinical application was established by developing an endoscopically guided transplantation method, a support for transplantation method, and prior preservation method. The potential usage for other inflammatory bowel diseases such as ulcerative and tritis and Crohn's disease in the future adds to the excitement of the future of these technologies and methods. For the next story, Krafton invests $51.5 billion in Indian Web Nautilus platform Prozely B. In the series, D. Round of Prozely B. Krafton was the lead investor. The company in total brought in about $48 million US dollars or $55 billion. Ranjit Pratab Singh CEO of Prozely B. Social Venture Company, Omidya Network, and other Indian startup founders also participated in the investment. According to Krafton, Prozely B. is India's largest web-nobal platform with 30 million monthly active users and 370,000 writers. It is offered in 12 Indian languages, and recently, in addition to web novels, it has been collaborating with companies to provide various types of content such as general books, animations, and TV series. Also the service range is being expanded by launching Prozely B. FM and Prozely B. Comics, including this investment in Prozely B. Krafton has invested a total of $70 million US dollars or $80.2 billion in Indian IT companies this year. For our last big story, Kyeonghyeon Do Smart Mobility Demonstration Hub selected as MLI-S's Outstanding Regional Balance New Deal Project. Kyeonghyeon Do announced on July 15th at the Smart Mobility Demonstration Hub.