N E W S: KOREA THRUNET - 500 Beiträge pro Seite

[Pastello]

Korea Thrunet Liquidates Non-Core Assets to Focus on Core Businesses

SEOUL, South Korea and NEW YORK, July 16 /PRNewswire/ -- Korea Thrunet Co., Ltd.
(Nasdaq: KOREA) ("Thrunet"), Korea`s largest cable modem broadband Internet-access
services provider and a major provider of enterprise network services, today announced that it
sold a 55.6% stake in Korea Cable Television Haeundae Kijang Systems Co., Ltd ("Haeundae
SO"), located in Pusan, Korea, on July 7, 2001 as part of the Company`s non-core asset
liquidation plan. Thrunet decreased its equity stake in Haeundae SO down to 20% in order to
maintain a strategic position in the cable system operator.

Thrunet has been in the process of liquidating its non-core assets since mid 2000 in order to
further streamline its business and maximize its capital resources. The Company has raised
approximately KRW 97.6 billion over the past twelve months through the sale of non-core
assets including the latest sale of its equity stake in Haeundae SO. This follows the sale of
Thrunet`s entire 97.8% equity stake in Daeyang Broadcasting System Co., Ltd., another cable
system operator located in Masan, Korea, in the 3rd quarter 2000.

Since June 2000, the Company has been selling its equity ownership in Hanaro Telecom via the
capital markets, and thus far, has already reduced its ownership from 5.3% to below 1.0%.
Additionally, in the second half of 2000, the Company completely sold off its 7.8% equity
ownership in Dongyang Telecom, a network equipment manufacturer, which listed on Kosdaq in
the third quarter 2000. The Company has also closed transactions to reduce its real estate
holdings. In December 2000, the Company sold its construction site in Bundang, where an
Internet Data Center ("IDC") had been under construction, at a 30% profit. In May 2001, the
Company also sold its customer service call center building in Seoul. The Company currently
owns its Seoul head office, Seoul IDC and several branch office locations.

Charles Rim, Senior Vice President and Chief Financial Officer of the Company, noted, "In such
a competitive market environment, it is important to maintain a leading position in our core
business. The reallocation of capital resources generated from non-core asset sales to our core
business operations has helped the Company`s growth strategy, and we will continue to liquidate
unnecessary non-core assets, enabling us to focus on our core business more effectively."

PR Newswire 07/16/01 10:32AM



Korea Thrunet Sells 55.6% Stake In Korea Cable Co

NEW YORK -(Dow Jones)- Korea Thrunet Co. (KOREA) lowered its stake in Korea Cable
Television Haeundae Kijang Systems Co. to 20% from 55.6%.

Financial terms and additional details about the sale weren`t disclosed.

In a press release Monday, Korea Thrunet said the sale is part of the company`s noncore asset
liquidation plan.

Korea Thrunet has been in the process of liquidating its noncore assets since last year, in order
to further streamline its business and maximize capital resources.

The company has raised about KRW97.6 billion over the past 12 months through the sale of
noncore assets, including the sale of part of its stake in Korea Cable Television.

Dow Jones Business News 07/16/01 11:08AM

[em.]

kannte ich schon und sagt letzlich auch nur daß Assets verkauft werden um Cash fürs Kerngeschäft zu haben.

Fragt sich nur ob das jetzt positiv oder negativ zu werten ist. Wahrscheinlich im Moment negativ.

Ohne das vergleichen zu wollen, wenn EON im Moment seine Aral tankstellen hergibt um sich mehr auf sein gasgeschäft zu konzentrieren dann ist das natürlich jetzt positiv, aber so ist halt nun mal die Börse. da hilft nur warten und Tee trinken oder Bier
Prost

[Die Stimme]

danke für die news,
na dann hoffen wir mal das das die anleger drüben auch so positv aufnehmen.

good trade

[Pastello]

SEOUL -(Dow Jones)- Korea Thrunet Co. (KOREA) said Wednesday it may take over
Dreamline Co. and Powercomm Co., joining the competition among local smaller
telecommunication companies to survive in a glutted industry.

"Although nothing has been decided, we will discuss plans to take over smaller rivals and
Powercomm with our major shareholders," said Korea Thrunet in a statement.

Korea Thrunet is the country`s third largest Internet access provider with a market share of 17%
after Korea Telecom Corp. (KTC) that accounts for half of the local broadband service users
and Hanaro Telecom with a 25% share.

Japan-based Softbank Corp. (J.SFT) is the largest shareholder in Korea Thrunet with 17%
while Korea`s TriGem Computer (Q.TGC) has 16% of the fixed-line services provider.

Dreamline Co. is an affiliate of Korean food giant Cheil Jedang Co. (Q.CFC), with about 3% of
Internet access users.

With its decision, Korea Thrunet could compete directly with Hanaro Telecom in the
restructuring of the local telecommunications industry.

The government is encouraging small telecommunication companies to merge or form alliances to
compete better with market leaders Korea Telecom and SK Telecom Co. (SKM).

On Monday, Hanaro Telecom Inc. (HANA) said it was thinking of acquiring Dreamline and SK
Telecom`s broadband operations.

Dreamline confirmed it was in talks with the two companies to sell its broadband operation and
focus on serving corporate clients.

A SK Telecom spokesman said the wireless leader, which earlier July announced it planned to
sell its broadband service SK Synchroad by the end of 2001, received an offer from Hanaro and
was informed by Thrunet of its interest in buying the service.

Last week, Hanaro said it was forming a consortium with several companies to bid for
Powercomm Co., a government-owned operator for a nationwide cable network, in an auction
planned for mid-October.

[Pastello]

Korea Thrunet Commences ASP Service, `Multiffice`

SEOUL, South Korea and NEW YORK, July 19 /PRNewswire/ -- Korea Thrunet Co., Ltd.
(Nasdaq: KOREA) ("Thrunet"), Korea`s largest cable modem broadband Internet-access
services provider and a major provider of enterprise network services, today announced the
launch of its Application Service Provider ("ASP") service, "Multiffice", in cooperation with C2N
Systems Co., Ltd. ("C2N"), a major provider of ASP services in Korea. The ASP service
enables Thrunet`s broadband Internet subscribers to access various software applications
without purchasing licensed software packages. Thrunet will be providing Internet Data Center
facilities including servers and broadband network while C2N offers licensed software packages
and ASP service solutions.

"Multiffice" provides Thrunet`s broadband Internet subscribers with an array of software
applications, including MS-Office, foreign language translation, homepage build-up software, etc,
through the site http://multiffice.thrunet.com. By using the "Multiffice" service, users can expect to
benefit from substantial cost savings of over 97% compared to purchasing licensed software
packages.

"Multiffice" service has several distinctive features compared to existing ASP services. The
biggest difference between "Multiffice" and other ASP services is the fact that "Multiffice" users
carry out their work via the Internet without downloading or installing software in their
computers, and software programs are run not on one`s own personal computer but on Thrunet`s
server system. Therefore, even people with low-spec computers are able to use the "Multiffice"
service through Thrunet`s high-speed broadband connection. Secondly, since one can use the
"Multiffice" service via the Internet without installation of software, the service users can access
the "Multiffice" service anywhere in the world as long as an Internet connection and a computer
are available. Thrunet and C2N plan to expand the service availability to more diversified
devices such as PDA and mobile phones. The service fee is charged on a fixed monthly basis
depending on the software applications used by subscribers, ranging from KRW 3,000 to KRW
65,000.

Mr. Se-Hwan Kim, the broadband Internet business unit head, noted that, "By forming strategic
alliances and cooperating with third parties, we are trying to add as many value-added services
as possible with minimal investment. We expect these value-added services to play a significant
role in satisfying our broadband Internet subscribers` needs beyond just Internet access, resulting
in achieving higher customer retention rates and enhancing our revenues."

[Pastello]

Korea Thrunet to Introduce Enterprise Resource Planning System

SEOUL, South Korea, and NEW YORK, July 26 /PRNewswire/ -- Korea Thrunet Co., Ltd.
(Nasdaq: KOREA) ("Thrunet"), Korea`s largest cable modem broadband Internet-access
services provider and a major provider of enterprise network services, announced today that the
Company will implement an Enterprise Resource Planning (ERP) system beginning in the second
half of fiscal 2001. The ERP system is an integrated information system designed to enhance a
company`s competitiveness by more efficient management of all human resources and physical
assets.

Thrunet will utilize Oracle Korea Ltd.`s ("Oracle") ERP product, `Oracle E-Business Suite`, while
Korea Samis, Inc, a subsidiary of the Korean accounting/consulting firm Samil, will consult on
implementation of the ERP system within the Company. Samil is also a member firm of
PriceWaterhouseCoopers. For the successful launch of its ERP system, Thrunet has formed a
task force team. After the completion of its business analysis and system design by the end of
July, the Company expects to finish testing and the implementation by 2001 year end and the
system to be fully in place in the beginning of 2002.

One of the major advantages of using an ERP system is the enhanced ability to control and
manage assets as well as better monitor financial and operating performances of the Company.
Up until now, Thrunet has been using various Management Information Systems (MIS) relating
to its accounting, asset management and customer relation functions, which were operating
completely independent of each other. Following the full implementation of the ERP system, the
Company expects to be able to control and manage unified information from sales and purchase
orders that can be shared on the front-end, all the way through to managerial accounting
functions on the back-end.

The Company noted that the biggest reason for choosing Oracle`s ERP product is its modularity
and expandability. Unlike other ERP packages, Oracle`s ERP system allows Thrunet to purchase
and implement one module at a time, and other modules thereafter, when needed, with full
interfaceability. This means that Thrunet does not have to revise the entire ERP system to
introduce a new module.

Charles Rim, Senior Vice President and Chief Financial Officer, commented, "As the Company
has experienced tremendous organic growth since its inception, the need for an integrated and
unified Information System to help monitor and assess operating performance and asset
management has grown enormously. By implementing the ERP system, we can enhance our
productivity by eliminating unnecessary and redundant business processes, and increase our
organizational efficiency through integrated and unified communication of information. We will
also be able to effectively address the rapid change of the market and our customers` needs by
having immediate access to necessary data and information on time."