Feeds

SK government gets angry at Hyundai, LG

Management differences delaying chip merger

  • alert
  • submit to reddit

Build a business case: developing custom apps

The South Korean government is putting pressure on LG Semicon and Hyundai to resolve their differences over management of the merged semiconductor company they will form. According to reports in tomorrow's edition of the Korea Herald, the Minister of Finance and Economy, Lee Kyu-sung said that ambiguities in the chaebols' ownership structures were certain to cause disputes. He is pushing LG Semicon and Hyundai to resolve their differences by the end of the month and threatened to appoint outsiders to manage the company if the disagreements were not resolved by then. At the same time, the newspaper reported that the World Bank would re-think $2 billion in rescue funds if the South Korean government gave the big five chaebols special treatment. Separately, Samsung announced it will create corporate bonds which will raise one trillion won in the next three years. The money is for financing redundancies and spin off plans it has. ®

Boost IT visibility and business value

More from The Register

next story
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.