Financial Structure Greatly Improved LG Dacom's financial structure has greatly improved. As of September 2006, its debt ratio stands at 65%, down by 53% compared with the previous year of 118%. In particular, its net debt has reduced by 31% or US$229 million. As a result, the net debt to equity now stands at 40%, down 35% compared with the previous year of 75%. President Park said: "While stepping up our reformation activities from the beginning of this year, all our staff members have made every effort to satisfy our customers. As a result, we have been able to achieve this outstanding performance. On the occasion of changing our company name to LG Dacom last September, we will continue to strengthen reform activities, exploring a new business, and creating a synergy effect in cooperation with our sister company LG Powercom."