Feeds

South Korean president enters LG Semicon, Hyundai spat

Demands both companies merge

  • alert
  • submit to reddit

Seven Steps to Software Security

In a further twist in the proposed merger of the semiconductor wings of giant chaebols LG and Hyundai, the president of South Korea, Kim Dae-jung, demanded the merger go through. That follows earlier reports that the proposed deal was in tatters because LG refused to allow Wall Street consultant Arthur D Little to broker a deal with Hyundai. According to the Korea Herald, President Kim told a local radio station that the merger of the semiconductor units must go through. And Hyundai Electronics president Kim Young-hwan fanned the flames between his company and LG Semicon by claiming it had refused to sign a contract with Arthur D Little. LG has claimed that it can go it alone without merging with Hyundai. But both have a deadline of 24 December for the merger. The intervention of President Kim and his hard line statement makes it likely that punitive action will be taken against LG and Hyundai if they further protract the merger. ®

Boost IT visibility and business value

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.