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May 21, 2004 in Social Responsibility News

Sale of Equity Investment in Other Company

Name of company: Hanaro Telecom Name of representative: Yoon, Chang Bun

Relationship with Company: -

Paid-In Capital(KRW): 2,310,675,900,000

Total number of Outstanding Shares: 462,135,180

Business Area: Telecommunication

Location of Head Office: Seoul, Korea

Amount of disposal(KRW): 39,252,100,000

Number of shares disposed: 13,870,000

Number of shares after disposal: 9,672,281

Shareholding ratio after investment: 2.09

Expected date of disposal: May 21, 2004

Purpose of Disposal: Management of cash on hand

Total Amount disposed(KRW): 48,614,242,700 (See Below)

Ratio to Paid-In Capital: 2.56

Decision Date: -

Applicability of Fair Trade Act: No



Amount of Disposal(KRW)

Daicom Corporation



Hanaro Telecom



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