SK Telecom Co.,Ltd (KOSE:A017670) agreed to acquire 2.916812% stake in Hana Financial Group Inc. (KOSE:A086790) for approximately KRW 330 billion on July 22, 2022. As per the transaction, SK Telecom Co.,Ltd will acquire 8.63 million shares. In a related transaction, an unknown buyer agreed to acquire 15% stake in HanaCard Co., Ltd. from SK Telecom Co.,Ltd for approximately KRW 330 trillion on July 22, 2022.

The Board of Directors of SK Telecom Co.,Ltd has unanimously passed the resolution for the transaction. Completion is planned on July 28, 2022.