Exhibit 8
---------
AMENDMENT NO 1 TO
THE JOINT FILING AGREEMENT
This AMENDMENT NO 1 (this "Amendment"), dated as of November 24, 2003,
to the JOINT FILING AGREEMENT (the "Agreement"), dated as of November 17, 2003,
among AIF II NT, Ltd. ("AIF II"), AIG Asian Infrastructure Fund II, L.P. ("AIG
Fund II"), AIG Asian Infrastructure Management II, L.P. ("AIG Fund II General
Partner"), AIG Asian Infrastructure Management II, Ltd. ("AIG Fund II
Management"), Emerging Markets Partnership II, L.L.C. ("EMP II"), Emerging
Markets Corporation ("EMC"), GIC Infrastructure Pte Ltd. ("GICI"), AOF NT, Ltd.
("AOF NT"), AIG Asian Opportunity Fund, L.P. ("AOF"), AIG Asian Opportunity
G.P., L.L.C. ("AOF General Partner"), AIG Global Investment Corp. (Asia) Ltd.
("AIGGIC"), American International Assurance Company (Bermuda) Limited ("AIAB"),
American International Reinsurance Company, Ltd. ("AIRCO"), American
International Group, Inc. ("AIG, Inc."), Newbridge Asia HT, L.P. ("Newbridge
Asia HT"), Newbridge Asia HT, Ltd. ("Newbridge Asia HT General Partner"),
Newbridge Asia GenPar III, L.P. ("Newbridge GenPar III"), Newbridge Asia
Advisors III, Inc. ("Newbridge Advisors III"), Tarrant Advisors, Inc. ("Tarrant
Advisors"), Xxxx G.A. III, L.L.C. ("Xxxx G.A. III"), Xxxx Investment Partners,
Inc. ("Xxxx Investment"), Xxxxxxx X. Xxxx, United Classic Investments Limited
("UCI"), TVG Asian Communications Fund II, L.P. ("TVG Fund"), Telecom Venture
Group, LLC ("TVG Fund General Partner"), Xxxx Xxxxxxx Xxxx, HT Holdings V, L.P.
("HT Holdings V"), HT Holdings VI, L.P. ("HT Holdings VI"), HT Holdings VII,
L.P. ("HT Holdings VII"), HT Holdings VIII, L.P. ("HT Holdings VIII"), HT
Holdings IX, L.P. ("HT Holdings IX") and HT IX GP, Ltd. ("HT Holdings IX General
Partner" and collectively, the "Current Reporting Persons"), is entered into by
Government of Singapore Investment Corporation Pte Ltd. ("GIC").
W I T N E S S E T H
WHEREAS, as of the date hereof, each of the Current Reporting Persons
and GIC is filing their statement on Amendment No. 2 (the "Amendment") to the
Schedule 13D with respect to the common stock, par value Won 5,000 per share, of
Hanaro Telecom, Inc., a chusik-hoesa organized under the laws of Korea filed on
October 31, 2003, as amended by Amendment No 1 thereto filed on November 18,
2003 (the "Schedule 13D");
WHEREAS, each of the Current Reporting Persons and GIC is individually
eligible to file the Schedule 13D and the Amendment;
WHEREAS, each of the Current Reporting Persons and GIC wishes to file
the Schedule 13D and any future amendments thereto jointly and on behalf each of
the Current Reporting Persons, any other person designated as an Investor (as
defined in the Schedule 13D), and related parties (collectively, the "Reporting
Persons"), pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of
0000 (xxx "Xxxxxxxx Xxx");
NOW, THEREFORE, in consideration of these premises and other good and
valuable consideration, the parties hereto agree as follows:
1. GIC hereby agrees that the Amendment is, and any future amendments
to the Schedule 13D will be, filed on behalf of each of the Reporting Persons
pursuant to Rule 13d-1(k)(1)(iii) under the Exchange Act.
2. GIC hereby acknowledges that, pursuant to Rule 13d-1(k)(1)(i) under
the Exchange Act, it is responsible for the timely filing of the Schedule 13D,
the Amendment and any future amendments thereto, and for the completeness and
accuracy of the information concerning such Reporting Person contained therein,
and is not responsible for the completeness and accuracy of the information
concerning the other Reporting Persons contained therein, unless such Reporting
Person knows or has reason to know that such information is inaccurate.
3. GIC hereby agrees that the Agreement, as amended by this Amendment,
may be amended at any time and from time to time to include additional Reporting
Persons, and that such amendments do not require the signature of any Reporting
Person, other than the Reporting Persons being added at such time.
4. GIC hereby agrees that this Agreement, and each amendment thereto,
shall be filed as an exhibit to the Schedule 13D, pursuant to Rule
13d-1(k)(1)(iii) under the Exchange Act.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
SIGNATURE
IN WITNESS WHEREOF, the parties have caused this Amendment to be
executed by their duly authorized representative as of the day and year first
above written.
GOVERNMENT OF SINGAPORE INVESTMENT
CORPORATION PTE LTD.
By:
-------------------------
Name:
Title:
