Hello this is Alex on Pungyo Tech To Valley weekly news. Here is the news from the second week of July. NCSoft launches ESG management and forms unique discourse on topics such as AI ethics. In the gaming industry ESG environmental, social and governance management is becoming a hot topic. Starting from NCSoft several game companies announced their commitment to ESG management creating a new wave in the gaming industry running towards the 20 trillion won era. NC established the NC Cultural Foundation in 2012 and has been engaged in social contribution activities since then. Now that it has established the ESG management committee, it has set up diverse ways to implement social responsibilities. NCSoft pointed out consideration for future generations, support for the socially disadvantaged and protection of environmental ecosystem as the core areas for fueling the engine of sustainable growth. AI ethics was the most noticeable point brought up and see recently showcased their AI framework series to improve leadership and ethics in the AI era on YouTube and blogs. Drawing attention inside and outside the industry. The AI framework series is an annual project for leadership and ethics in the AI era, one of the core areas of NC's ESG management. Through discussions with world renowned scholars from Harvard University, Stanford University and MIT, new perspectives and directions for AI technology are being discussed. This course will be attended by scholars in various fields including Stanford Professor Fefe Lee, the maker of ImageNet and Rob Reich, Professor of Political Science who is also the director of Stanford's Social Ethics Center. Also major game companies in Korea like NetMarble and Nexon are getting ready to do ESG management by setting up ESG committees by the second half of this year. For our next story, LG, in its third year with Google, Moo joins hands with Kakao by investing 100 billion won in Kakao mobility. LG Group will invest 100 billion won in Kakao mobility, which focuses on smart mobility businesses such as navigation and taxi services and seek new business opportunities. This goal is to create a synergy effect between electric vehicles and autonomous vehicle-related solutions such as batteries and vehicle electronic equipment and smart mobility services. LG Corporation, the holding company of LG Group, announced on July 2nd that it has decided to invest 100 billion won in Kakao mobility. In cooperation with Kakao mobility, LG plans to secure battery driving data from its affiliate LG Energy Solution and explore new business opportunities in the future mobility sector such as battery replacement and electric vehicle charging solutions. And LG official stated, through this investment we will increase our understanding of mobility platform customers and create synergy with Kakao mobility. Kakao mobility is developing and operating Kakao T and integrated online offline linkage O2O platform that provides a variety of transportation services from call taxis, parking, circuit driving and navigation for elected bikes. Kakao mobility is focusing on the development of mobility services using electric vehicles and autonomous vehicles and it is expanding the area of transportation platforms based on big data accumulated in service operation. For our next story, Ijoon Sof and Kim Lin-Hae gather the voices of young people in Pangyo in hopes of creating new culture. Ijoon Sof, the leader of the People Power Party met young people in Pangyo on July 2nd and listened to their opinions on various topics and answered their questions. Member Eun-Hae Kim held a youth debate battle with leader Lee at Pangyo Youth Space Square in Songnam around lunchtime that day. They spoke in a variety of topics such as fairness and the education system, future technology, the environment and the social security system and leader Lee Jinsok delivered his answers and thoughts on them. In his closing remarks, leader Lee said, when I go out on the streets and talk to people, I think about how much danger Korea is facing and whether we need to think about it, I hope this debate does not end here and further becomes a culture. He then said, if you have similar concerns, we can communicate anywhere, lightly at the dinner table, for example, and emphasize, even if we don't prepare a venue like this today, our people can discuss this in other places. When we do this, we will be able to make rational choices and make good decisions in politics in the future. Member Eun-Hae Kim also said, this is the beginning of listening to people's stories like today. She added, we talked about the future of Republic of Korea in Pangyo. I will see you more often with the thinking that the future of Korea correlates to the future of Pangyo. For our next big story, Song Nam-Shi opens Pangyo Job Center to support youth employment. Song Nam-Shi in Kyung-Gi Province announced that it opened the Pangyo Job Center on July 2nd to match job seekers with Pangyo companies and help young job seekers grow and find employment. The Pangyo Job Center is 178 meters square in space equipped with an education center, an AI VR room, and a consultation room on the Underground Road connected to Pangyo Station. There are eight professional job counselors present to help young job seekers develop their own competencies and ultimately find jobs. Also, it supports counseling necessary to get jobs and provides a free rental service of interview suits. Non-face-to-face employment consulting, an online job cafe, and an AI and VR interview experience. Also this past week, an on-site job fair ran for three days, July 6th to the eighth at the Underground Square in front of the Pangyo Job Center. On this day, 30 companies including NC Soft, T-Max Soft, and EO Flow participated as hiring companies and conducted on-site interviews. Some Namshi plans to help find jobs for young job seekers in cooperation with Pangyo Techno Valley companies, operate Pangyo's specialized education programs, such as Pangyo Special Lecture Job Mentoring, and hold recruitment events tailored to those young job seekers. That's it for your top stories. Here's your quick news of the week. First up, Kakao Enterprise is sent 1 billion won worth of credit to startups. Kakao Enterprise announced on June 28th that it will cooperate with the startup ecosystem by using digital transformation, DT, technologies, and service know-how, such as those related to artificial intelligence, AI, and cloud technology. Second quick bit of news, Hong Kong acquires a metaverse company front-tis. Hong Kong's subsidiary Hong Kong Intelligence acquired a 55% stake in front-tis, a metaverse platform developer. And finally, NeoWiz to hold a BanguSok Indie Game Show 2021. NeoWiz is taking steps to support Indie Games. They announced on June 29th that it will hold the BanguSok Indie Game Show 2021, where Korean Indie Game developers can participate. And for those who don't know, BanguSok means you are in your room stuck, and so it's for people who are at home. And that's it for this week on Pangyo Techno Valley Weekly News. I'm Alex Sigourist, and we'll see you next time.