SEOUL - South Korea's largest mobile carrier SK Telecom said on Wednesday its talks to buy a major stake in a credit card unit from Hana Financial Group were in an advanced stage.
Our talks (over Hana Card) are in final stage. No final conclusion has been made yet, a spokesman at SK Telecom said.
Yonhap News cited financial industry sources as saying SK Telecom agreed to take over a 49 percent stake in the credit card business from Hana for around 400 billion won.
It reported that Hana and SK Telecom planned to hold a board meeting to approve the deal on Dec. 11 and Dec. 14 respectively. (Reporting by Seo Eun-kyung and Rhee So-eui; Editing by anshuman Daga )