Featured Story
Huawei defies US to grow market share as RAN decline ends – Omdia
The worst is now behind vendors in the market for mobile network equipment, with Omdia forecasting slight growth outside China this year.
Becomes the second-largest shareholder of Hana Card as it buys 49% or 57,647,058 shares of Hana Card for KRW 400 billion
December 14, 2009
SEOUL -- SK Telecom (NYSE:SKM) announced today that its board decided to take over a 49% stake (or 57,647,058 shares) in Hana Card Co. for some KRW 400 billion. The deal will make SK Telecom the second largest shareholder of Hana Card after Hana Financial Group Inc with 51% stake.
With the deal, the company expects to bring its services to a new level by adding ICT-based advanced services to its current mobile settlement business including T Cash, thereby securing an edge in tomorrow’s commerce market.
SK Telecom’s CEO Man-Won Jung said, “The partnership is aimed at introducing and expanding the use of mobile credit cards while promoting next-generation payment and settlement services. With this deal, the two companies will maximize business synergies so as to create a new telecommunications and finance convergence market.”
SK Telecom (Nasdaq: SKM)
You May Also Like