7%
----------------------------------------------------------------------


Hanaro will be discussing both its 2004 results and 2005 business
plan during a conference call for domestic and overseas investors
later today at 4:00 PM (Seoul).com/_hanaro/asia/

This disclosure contains "forward-looking statements" that are
based on the Company's current expectations, assumptions, estimates
and projections about our company and our industry. Investors are directed to hanarotelecom's reports
and documents filed from time to time with the U. The company commenced its commercial operations in April
1999 and revolutionized the IT industry by launching the world's first
commercialized ADSL services.

)

0-14 years: 20.

6%
Hydro0.

297 527

56 trillion in revenues, KRW 150
billion in operating profit, KRW 600 billion in EBITDA, and net income
of KRW 41. The company also added that it would focus on sustained
profit generation and growth momentum going forward. Investors
should not place undue reliance on any of the forward-looking
statements. Two international K-12
preparatory schools are being developed by the Harvard Advisory Group.

South Korea shares a 238 km border with North Korea along the 38th Parallel, and fought a war against North Korea and China from 1950-1953 where a northern attack was successfully repulsed.

ulsan 931

"
Specifically, this investment will be used to add a fourth stand on the
Yeongju plant's continuous hot rolling mill and to enhance a single-stand cold
rolling mill, coil coating line, and associated finishing equipment.5
billion in 2004

In 2005, the company targets KRW 600 billion in EBITDA and KRW
150 billion in operating profit

Hanarotelecom focuses on sustaining profit generation and
stable growth

hanarotelecom incorporated (KOSDAQ: 033630) (NASDAQ: HANA)
("Hanaro" or "the Company"), Korea 's leading integrated
telecommunications company providing a broad range of broadband
Internet and voice services, today announced its quarterly and annual
results for 2004 and its business plan for 2005.taylor-rafferty.

32 years
Religion:

Christianity49%
Buddhism47%
Confucianist3 %
Other religions1%

Electricity production: 290.

7 billion kWh (2001)

Fossil Fuels62 .

931 kwh

Hanarotelecom Targets 1.56 Trillion Won in Revenues for 2005

Net income for 2004 far exceeded the
company's annual guidance of KRW 0.5
billion, leading to a slew of positive responses from investors at
home and abroad.5 4.S.

kwh jeju

Novelis' shipments in the Asian region were approximately 500,000
tons in 2004. Important factors which could cause such differences include: the
price of aluminum; global supply and demand conditions for rolled aluminum
products; changes in the relative value of various currencies; demand and
pricing within the principal markets for the Company's products; changes in
government regulations, particularly those affecting environmental, health or
safety compliance; economic developments; relationships with (and financial or
operating conditions of) customers and suppliers; competition from other
aluminum rolled products producers as well as from substitute materials such
as steel, glass, plastic and composite materials; the level of our
indebtedness and ability to generate cash; and other factors relating to the
Company's ongoing operations.3 10. Because of these risks, uncertainties and assumptions, the
forward-looking events and circumstances discussed in this release
might not occur in the way the Company expects, or at all.

stalinist krw

Its plants in Yeongju and Ulsan, along with its main office in Seoul,
were originally commissioned in 1993 to meet the growing demand for rolled
aluminum products principally in Korea, China, and Southeast Asia. The company operates in 11 countries and has approximately
13,000 employees.5 billion,
operating profit of KRW 114 billion and EBITDA of KRW 552 billion for
the year 2004.1%
----------------------- -----------------------------------------------
EBITDA 500.hanaro.
The syndicated loan arrangement resulted in $5 billion U.S.

This category is for English web sites emanating from and relating to Korea.

NB: All Korean language web sites go to World: Korean.

289 capita

These
improvements will increase the plant's ability to manufacture coated end stock
for aluminum beverage cans and other high-value applications used in
electronics and construction industries. As a result of these changes,
Novelis expects that by 2008 its overall capacity in Korea will increase by
100,000 metric tons and its ability to provide coated end and tab stock will
triple.4% 1,560.

stalinist krw

Novelis , the leading producer of can sheet worldwide as well as in Asia,
continues to strengthen its portfolio . "Investing now in targeted
equipment and processes will allow us to further expand our capability in
support of customers in can stock, electronic and construction markets with
technologically advanced products such as coated end stock and sheet used in
flat-screen display units.novelis.com . Securities and
Exchange Commission for additional factors that should be considered
prior to investing in the Company's securities. (nearly KRW 5
trillion) in initial subscriptions, more than triple New Songdo City's goal of
$1.

touchy 238

South Korea is the nation on the southern half of the Korean Peninsula in East Asia.

037 273

newscom. The global aluminum can sheet market continues to expand , with high
asset utilization, line conversions from steel to aluminum in Europe, and
innovation in can shapes, sizes and decoration fueling new growth. (68%), Taihan Electric Wire Co.
Hanaro also announced its business plan for the year 2005.
For the five years following the Thrunet acquisition , the company
explained that it could improve EBITDA by KRW 360 billion, of which
KRW 130 billion comes from integrating the existing networks and
central offices and KRW 230 billion from enhanced commission schemes,
joint brand marketing and churn rate reduction.
Mr.0 552.5 trillion), from the 26 financial institutions, a
strong indication of the attractiveness of the project.

2%

Internet users:
25.

daejeon gwangju

(31%), and the Hyundai Group
(1%).

Statements made in this news release which describe Novelis' intentions,
expectations or predictions may be forward-looking statements within the
meaning of securities laws." He
also added, "We will strive to become a company that focuses on
enhancing enterprise value by ensuring stable growth in our current
businesses and strategically investing in future businesses."

Table - 2004 Financial Highlights + 2005 Annual Targets

(Unit: KRW billion)
---------- ------------------------------------------------------------
2003 2004 Change (y-y) 2005 Change (y-y)
------------------------------------------------------------------ ----
Revenues 1,375.6%
------------------------------------------------------------------ ----
Operating
Profit 75.0 31.6%
------------------------------------------- ---------------------------
Net Income Turned
-165.com /eng/ir/

Corporate Headquarters
43, Taepyongno 2-Ga, Jung-Gu,
Seoul, 100-733
Republic of Korea

krw 940

Novelis to Invest $30 Million to Expand High-End Production Capacity in Asia

Novelis offers the unrivaled capability to provide its
customers with a regional supply of technologically sophisticated rolled
aluminum products throughout Asia, Europe, North America and South America.

)
Hanaro plans to boost profitability of its broadband business by
offering value-added services and upgrading networks following a
successful Thrunet acquisition.2 114.0 10.0 8.5 trillion) syndicated loan in cooperation with the three
coordinating arrangers -- ABN Amro, Kookmin Bank, and Woori Bank -- along with
23 other financial institutions -- these include insurance companies -- Kyobo
Life Insurance and Korea Life Insurance and other major financial institutions
such as the Industrial Bank of Korea and the National Agricultural Cooperative
Federation (NACF). which is to be raised over the next ten years. The loan proceeds
will be used for the development of a Convention Center, road and utilities,
international schools, a central park and other urban infrastructures .

6% (male 5,256,451; female 4,703,853)
15-64 years: 71.

gwangju incheon

"Reflecting the high performance of our employees and assets, we have made
steady improvements in quality, service, and technology utilization enabling
Novelis Korea to double its output over the last five years to become the
largest supplier of aluminum rolled products and can body stock in Asia," said
Jack Morrison, President of Novelis Asia. Actual results may differ materially from those
contained in such forward-looking statements as a result of a number
of factors, including without limitation, the Company's history of
operating losses; the Company's inability to generate sufficient cash
flow from its operations to meet its operating needs and its reliance
on equity and debt financings to fund its operations; the decline in
the prices for communications services; increasing competition in the
telecommunications sector in Korea and other factors beyond the
Company's control. Construction of the 65-story Asia Trade Tower, a
central park and a Jack Nicklaus golf course is scheduled to begin in late
2005."
The International Business District of New Songdo City is the largest
privately financed real estate development project in Korea's history. It is
being developed by New Songdo City Development , LLC, a 70/30 joint venture
between New York headquartered Gale International, an arm of The Gale Company,
one of the world's largest privately held commercial real estate companies and
POSCO E+C, a subsidiary of Korean steel giant POSCO.

unicameral hardline

(NYSE: NVL)
(TSX: NVL) today announced that it will invest $30 million over the next two
years to expand its capacity to produce aluminum rolled products at its 68%-
owned plant in Yeongju, Republic of Korea. This investment is an important
action in executing Novelis' strategy to focus on economically attractive and
technologically sophisticated rolled aluminum products globally.
The company stated that it posted revenues of KRW 1,436.

Company Information

Hanarotelecom is Korea's leading integrated telecommunications
company that provides a broad range of broadband Internet and voice
services.
The Convention Center, which is projected to cost $125 million U., began
construction in March 2005. New Songdo City, which broke
ground November, 2004, will eventually include fifty million square feet of
office space, thirty million square feet of residential space, ten million
square feet of retail, five million square feet of hotel space and ten million
square feet of public space.

Fast Facts
Territory
98 ,480 km2
Population (July 2003):
48,289,037
Age structure: (2003 est.

6 million (2000) Time Zone:
GMT+9 (JST)
International Country Code:
+82
Internet top-level domain name:
kr

touchy ulsan

The financial information provided in
this news release was prepared by management and has not been audited. The company also said
it would endeavor to normalize Thrunet's operations by exiting from
court receivership at an earlier date. Hanarotelecom was listed on
NASDAQ through issuance of American Depository Receipts (ADR) in March
2000.5
billion U.

stalinist jeju

Novelis Inc.

9% (male 1,512,157; female 2,297,940)

Official Language:
Korean
Capital:
Seoul
Currency:
Won (KRW)
Political System:
Republic with President and unicameral National Assembly (Kukhoe ) (273 seats; 227 elected by direct popular vote; members serve 4 yr.

297 jst

is the global leader in aluminum rolled products and aluminum
can recycling.8 billion, when excluding the effects of Thrunet
acquisition .

For additional information, please visit hanarotelecom's Investor
Relations website: http: //www.5 billion U.S. Hynes, III, President and CEO of Gale International, stated, "The
successful land loan is a clear sign of major financial institutions' belief
in this project as being a sound and promising business venture.

jst repulsed

Samuel Kwon, Chief Corporate Officer, said, "The year 2004 was
monumental for hanarotelecom in that we posted our first-ever net
profit and brought our voice business on track for stable growth.4% 600.

The nation is still technically at war with North Korea and reunification is still a touchy issue.

4%
Nuclear36.

ulsan 297

Through its advanced production capabilities, the company supplies aluminum
sheet and foil to the automotive/transportation, beverage/food packaging,
construction /industrial, and printing markets. For more information, visit
http://www.
Hanaro achieved quarterly net profits for three consecutive
quarters, which indicates that the company has entered a phase of
sustained profit generation.5 billion to reach KRW 10. (Refer below to
Table - 2004 Financial Highlights + 2005 Annual Targets. In the voice business, it will
continue to maintain its growth momentum by fully taking advantage of
broadband-voice bundling and number portability. The
forward -looking statements are subject to various risks and
uncertainties.
Through this financing , NSC has secured approximately 13% of the $20
billion U. Every conceivable cultural, recreational and
technological amenity will be available including a world class hospital, a
Central Park and a Jack Nicklaus golf course.

hardline reunification

com/cgi-bin/prnh/20050105/CLW073LOGO )
Martha Brooks, Chief Operating Officer of Novelis, said, "Our investment
in Yeongju represents a key step in executing our business strategy, allowing
us to expand capacity to enhance our high-end product portfolio in the fastest
growing region in the world while continuing to manage our capital
expenditures and use cash to serve our deleveraging commitment.

Business Editors/Telecommunications Writers

SEOUL, South Korea----hanarotelecom
incorporated (KOSDAQ: 033630) (NASDAQ: HANA):

Hanarotelecom announces 2004 earnings and 2005 business plan

The company posts its first-ever net income of KRW 10.3 1,436.8 298.S. (KRW 1.

297 touchy

Additional important factors that could cause
such differences in actual results include: the materiality of items
identified during the review and restatement process; the timing to complete
the review and restatement; the agreement of the lenders and regulatory
authorities to the requested extensions to the referenced filing deadlines;
and preliminary estimates of debt reduction, cash balances and quarter-over-
quarter improvement in regional income. The
company expects to achieve KRW 1.

Many families are still divided between the democratic south and the hardline Stalinist north.

8%
Other0.

reunification 931

Growth in
developing markets is primarily in the aluminum can sector , with estimates for
China showing significant growth over the next few years. Novelis
Korea has more than 1,200 employees and can supply a broad range of high-end
aluminum rolled products. Novelis cautions that, by their nature, forward-
looking statements involve risk and uncertainty and that Novelis' actual
results could differ materially from those expressed or implied in such
statements .
Reference should be made to Novelis' registration statement on form S-4 filed
with the Securities and Exchange Commission for a discussion of major risk
factors.0 51. If you have not already registered to
receive dial-in or replay numbers, please do so at
http://invite. Currently, it provides high-speed
Internet and voice telephony services, as well as leased lines and
Internet Data Center (IDC) services.S.
John B.

incheon 289

"
The Yeongju facility is part of Novelis Korea Limited , a joint venture of
Novelis Inc. Such
efforts will help the company enhance shareholder value as well.0 8.5 Positive 41. Its common shares were listed on KOSDAQ in November 1998 .

$1.5 Billion U.S. Financing Secured by New Songdo City Development LLC

Development of Convention Center, Road and Utilities,
International Schools, Central Park and
Public Infrastructure to Start

SEOUL, South Korea and NEW YORK , New Songdo City
Development, LLC (NSC), the developer of the International Business District
of New Songdo City, announced that it has successfully concluded a $1.S.

5% (male 17,527,407; female 16 ,991,229)
65 years and over: 7.

terms)
Gross Domestic Product (PPP, 2002 est.

73 years; Women: 79.

931 jeju

ATLANTA, Novelis Inc.
(Logo: http://www. Ltd. Most significantly, it recorded its first -ever net
income in the five years since its service rollout in 1999. Hanarotelecom does not
intend to update or otherwise revise the forward-looking statements in
this release, whether as a result of new information, future events or
otherwise. The success
of this financing also enhances the attractiveness of this project to
international investors.

It was established at the end of World War II after Japan's annexation over the area from 1910-1945.

)
931 Billion US Dollars; per capita $19,400
Official Unemployment Rate (2002)
3.

ulsan 273

The Yeongju investment will help
position the company to take full advantage of attractive growth in developing
markets and give it the opportunity to displace imports within the Asian
region.6% 150. (KRW $1.
New Songdo City is being built on 1,500 acres of reclaimed land along
Incheon's waterfront at a cost of $25 billion.

1%
Legal Age of Adulthood:
20 years old
Life Expectancy (2003)
Men: 71.

touchy hardline

---

- - kjjkjk

Loading...

(Note: These pages use the Atlas Content Safeguard System (ACSS) and require that Javascript is enabled for viewing.)