Feeds

LG, Hyundai get pushed by government to move

LG, Hyundai get pushed by government to move

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

The South Korean government is intensifying its efforts to push Hyundai and LG to a quick solution of their semiconductor stalemate. A bevy of senior officials met with the top five chaebols (conglomerates) yesterday in a bid to push through the reforms that the South Korean government had promised the International Monetary Fund (IMF). But the focus of the meeting between finance minister Lee Kyu-sung and the commissioner of South Korea's fair trade arbitrator, was Hyundai and LG. Reports in The Korea Times said that both the government and the banks were pushing Hyundai and LG to settle on a third party sooner rather than later. The failure of both of the concerns to come to an agreement, even over an arbitrator, is deeply embarrassing for the South Korean government. Perhaps more importantly, earlier this year the IMF said that it wanted a swift resolution of the debt problems. ® Click here for more stories

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.