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For Immediate Release |
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2002 |
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#366561 |
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[LOGO]
FOR IMMEDIATE RELEASE
CONTACT IN KOREA CONTACT IN U.S.
Korea Thrunet Co., Ltd. The Global Consulting Group
KD Park Mark Jones
Investor Relations Investor Relations
kdpark@corp.thrunet.com mark.p.jones@tfn.com
----------------------- --------------------
822-3488-8826 212-807-5027
Korea Thrunet announces the launch of its 'On-TV' Service
- Aims to be leader in Home Entertainment Service Market -
Issues Guidance for Fiscal 2002 & 2003
Seoul and New York, December 18, 2002 - Korea Thrunet Co., Ltd. (Nasdaq:KOREA)
(the "Company" or "Thrunet"), a major provider of broadband Internet-access
services in Korea, today announced that the Company will launch a new service,
"On-TV", that will allow the Company's broadband Internet subscribers to view a
variety of high-density multimedia content from the Internet on their TV screens
rather than PC monitors. "On-TV", which will commence in February 2003, is the
first step in Thrunet's plan to become a leader in the Korean home entertainment
service market, and will further diversify the Company's revenue streams and
solidify its position as a major broadband Internet access player.
"On-TV" enables users to easily view and enjoy the high quality content
available on the Internet through their TV monitor by using either wire or
wireless devices to connect between
{PAGE}
the PC and TV. The Company has conducted extensive market analysis through
customer needs and opinion surveys, and believes its "On-TV" service has several
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