Behind the Hynix surge

Article Abstract:

Hynix Semiconductor shares jumped almost 30% after restructuring its debt, but analysts fear that the rescue package is not enough to save the company. Hynix received funds from domestic banks (one trillion won), extended loans (four trillion won), and bonds that were rolled over (680 billion won). However, prices for Hynix's main product, dynamic random access memory chips, have been falling steadily.

Commodity & service prices, Financial analysis, Securities prices, Use of Funds, Statistical Data Included

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Hynix dilemma is an increasingly vexing test for Seoul

Article Abstract:

One of the world's largest producers of memory chips, Hynix Semiconductor Inc., is struggling to pay off it's debt. It has sought help from Korea First Bank, and has had loan offers from Salomon Smith Barney and Korean Exchange Bank. With the weakening loan market and memory-chip industry, Hynix is hoping to come out of its slump and become financially stable again.

United States, Commercial Banks, Commercial Banking, Strategy & planning, Security brokers and dealers, Securities Brokerage, Banking industry, Stockbrokers, Securities industry, Salomon Smith Barney Holdings Inc., Korea First Bank, Korean Exchange Bank

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Hynix creditors ponder new loans as part of bailout

Article Abstract:

Hynix Semiconductor Inc.'s creditor banks are studying the possibility of granting new loans to the company as part of a bailout package. Creditor banks are considering new loans of 500 billion won (428.4 million euros) for Hynix.

Planning, Loans

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