LG Semicon lures few before Korea debut; industry watchers shy away from memory-chip maker's slated listing

Article Abstract:

LG Semicon stocks attracted few takers before the South Korean semiconductor manufacturer's slated stock market listing on Nov. 16, 1996. The low turnout is attributed to the concern generated by the downturn in the prices for memory chips, the company's main product. An 80% decline to $9 was noted in the prices of its mainstay 16-megabit dynamic random access memory chips in the past 12 months. Prices may slide even further to $6 a chip by the end of 1997 if an oversupply occurs. This and the subscription price of 20,000 won ($24.21), which is expected to decline during trading, has made many analysts and fund managers wary of the stock.

Semiconductors and related devices, Semiconductor and Related Device Manufacturing, IC Memory Chips, Semiconductor industry, Computer memory, Securities, LG Semicon Company Ltd.

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Government takes another step to encourage mergers

Article Abstract:

The government of South Korea has issued another regulation to promote corporate acquisitions and mergers in the country. The rule bans listed firms from giving out convertible bonds as a means to prevent a takeover. The new rule is part of a set of rules to be implemented on April 1, 1997. It is also a part of the country's transition to a competitive economy as pledged during its entry to the Organization for Economic Cooperation and Development in 1996.

Other Justice, Public Order, and Safety Activities, Business Law NEC, South Korea, Laws, regulations and rules, Acquisitions and mergers, Economic policy, Business enterprises, Commercial law, Convertible bonds

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