Korea M&A Corporation

Dec. 3 (Bloomberg) -- SK Telecom Co., South Korea's biggest mobile-phone operator, agreed to buy control of broadband-access provider Hanarotelecom Inc. for 1.09 trillion won ($1.18 billion) to expand its Internet business and challenge KT Corp. SK Telecom will acquire 91.4 million shares for 11,900 won each, increasing its stake in Hanaro to 44 percent, the Seoul- based company said in a filing..