Seoul, April 24, 2007 Cheil Communications Inc. one of the world's top 20 advertising and marketing communications agencies, has announced its financial results for the first quarter ended March 31, 2007. Earnings for the quarter declined due to the slow recovery in the South Korean advertising market and a decision by key clients to delay marketing spending until the second quarter. Total billings for the first quarter decreased 4.3% year-on-year to 307.1 billion Korean won. Net income for the quarter dipped to 6.6 billion Korean won, down 33.8% from the same quarter last year.