Is Klaytn EVM compatible?

As a cryptocurrency and finance practitioner, I often encounter questions about the compatibility of different blockchain platforms. One such question that arises frequently is: "Is Klaytn EVM compatible?" This inquiry relates to the ability of the Klaytn blockchain, a popular platform in the cryptocurrency world, to integrate and interoperate with the Ethereum Virtual Machine (EVM). Compatibility with EVM would enable Klaytn to support a wide range of decentralized applications (DApps) and smart contracts that have been built on the Ethereum network, thus expanding its ecosystem and user base. Given the significance of this matter, I'm keen to understand if Klaytn indeed offers EVM compatibility and how it can benefit its community of developers and users.