EXHIBIT 99.1
[English Translation]
May 28, 2003
HANARO TELECOM, INC.
LEASE OF REAL ESTATE TO THE LARGEST SHAREHOLDER
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1. Name (Name of Lessee) LG Telecom
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- Relation with Our Company The Largest shareholder
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2. Details of Lease
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a. Date of Lease May 28, 2003
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b. Real Estate subject of Lease Building space
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c. Location ( ) 1915-6 Songhyun-dong, Dalsuh-ku,
Taeku-shi
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Period of Lease May 28, 2003 - May 27, 2004
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d. Specifics of Lease Deposit (KRW) 3,000,000
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Rent (KRW) 6,000,000
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3. Purpose of Lease To lease to LG Telecom a building space to
place an antenna for its telecommunications
services
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4. Date of Decision (Resolution
Date of Board of Directors) May 28, 2003
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- Presence of Outside Director(s) -
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- Presence of Auditor(s) -
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5. Applicability of Fair Trade Act -
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- The deposit is the key money deposit for
the lease of space.
- The rent specified above is the total amount
6. Others of annual rent.
- The date of decision is the date of the
signing of the lease agreement.
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