  Local helioseismology has opened new frontiers in our quest for understanding
of the internal dynamics and dynamo on the Sun. Local helioseismology
reconstructs subsurface structures and flows by extracting coherent signals of
acoustic waves traveling through the interior and carrying information about
subsurface perturbations and flows, from stochastic oscillations observed on
the surface. The initial analysis of the subsurface flow maps reconstructed
from the 5 years of SDO/HMI data by time-distance helioseismology reveals the
great potential for studying and understanding of the dynamics of the quiet Sun
and active regions, and the evolution with the solar cycle. In particular, our
results show that the emergence and evolution of active regions are accompanied
by multi-scale flow patterns, and that the meridional flows display the
North-South asymmetry closely correlating with the magnetic activity. The
latitudinal variations of the meridional circulation speed, which are probably
related to the large-scale converging flows, are mostly confined in shallow
subsurface layers. Therefore, these variations do not necessarily affect the
magnetic flux transport. The North-South asymmetry is also pronounced in the
variations of the differential rotation ("torsional oscillations"). The
calculations of a proxy of the subsurface kinetic helicity density show that
the helicity does not vary during the solar cycle, and that supergranulation is
a likely source of the near-surface helicity.
