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LG Semicon hanging on Seoul thread

Company in UK on "tenterhooks"

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Sources at LG Semicon in Newport, Gwent, today said that any decisions on restructuring still depended on discussions at its head office in Seoul, Korea. The South Korean government has insisted that both LG Semicon and Hyundai's semiconductor division merge, but both companies missed the end of year deadline it set. The source at Newport, which is in UK principality Wales, said: "While the merger talks are going on, we have to wait for issues to be resolved." He added: "At the moment, we are not aware of any restructuring plans." ®

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