The Financial Services Commission (FSC) held its 3rd regular executive meeting on February 10, 2009 and approved the acquisition of 49% of Hana Card shares by SK Telecom as a major shareholder.

The approval made SK Telecom the second largest shareholder of Hana Card by acquiring 57,647,058 new shares* of Hana Card.

   *Each share was bought at KRW 6,938.77 per share, 1.4 times its face value. The acquisition price totaled KRW 400 billion.

*Please refer to the attached PDF for details.