Feeds

South Korean president enters LG Semicon, Hyundai spat

Demands both companies merge

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
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.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.