SK takeover of Hanaro approved
February 22, 2008
The Ministry of Information and Communication (MIC) in Korea has approved the acquisition of Hanaro Telecom by SK Telecom. SK won a 1.090 billion KRW bid for the company late last year, which was subject to the approval of government antitrust regulators. Hanaro had been rumoured to be an SK takeover target for the last year.