SK Telecom (Hanaro Telecom)

Hanaro Telecom is an internet service provider in the Korean local telephone market. It provides high-speed internet services in Korea. In June 2001, the company integrated broadband internet access services which included ADSL, Hybrid Fiber Coaxial cables (HFC) and Broadband Wireless Local Loop (BWLL) into a single brand called HanaFOS.

On 2 December 2007, SK Telecom placed a USD 1.18 billion bid for the acquisition of a stake in Hanaro Telecom. According to the terms of the deal, existing shareholders AIG and Newbridge Capital plan to sell their stakes to SK Telecom. This will make SK Telecom the largest single shareholder. The deal was closed in March 2008 following which the company renamed itself to SK Telecom in September 2008.

Hanaro reported over 685,000 VoIP subscribers at the end of 2007, falling to 577,000 by mid-2009.