| Business Summary | | Hanaro
Telecom,
Inc.
(Hanaro)
is
a
Korean
broadband
Internet
access
and
local
call
service
provider.
Licensed
as
the
only
competitive
local
exchange
carrier
(CLEC),
it
was
established
in
1997
and
commenced
commercial
operations
on
April
1,
1999
in
five
major
cities.
Having
identified
a
great
growth
potential
in
Internet
market
at
its
inception,
the
Company
introduced
Asymmetric
Digital
Subscriber
Line
(ADSL)
for
the
first
time
in
Korea
and
has
maintained
the
leading
position
in
the
broadband
Internet
access
market
offering
access
services
through
ADSL
and
cable
modem.
Hanaro
targets
primarily
large-sized
apartment
complexes
and
commercial
buildings
in
densely
populated
metropolitan
areas.
The
Company's
network
reach
has
expanded
from
21
cities
at
the
end
of
1999
to
44
cities
nationwide
as
of
the
end
of
June
2000.
By
the
end
of
2000,
Hanaro
plans
to
broaden
the
coverage
to
include
79
major
cities
in
Korea. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HANA
is
a
provider
of
high-speed
Internet
access,
local
telephony,
multimedia
and
data
services
in
Korea.
The
Company
also
offers
fiber
optic
backbone
network
in
several
metropolitan
areas.
For
the
six
months
ended
6/30/01,
revenues
totaled
W368.78
billion,
up
from
W94.1
billion.
Net
loss
rose
4%
to
W125.5
million.
Results
reflect
an
increase
in
the
number
of
broadband
services
subscribers,
offset
by
an
investment
in
telecommunication
equipment
and
facilities. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Yun-Sik Shin | Pres,
CEO | Han-Ku Han | Exec.
VP | Ki-Chul Nam | Exec.
VP | Dong-Sung Cho | Sr.
VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|