Hynix woes strain Korea

Article Abstract:

Hynix Semiconductor Inc. carries around $6.63 billion in interest-bearing debt in spite of the raising of $1.25 billion through global depositary receipts in June and two multi-billion dollar rescue packages by its creditors in the last four months.

Liabilities NEC, Statistical Data Included, Brief Article, Hynix Semiconductor Inc.

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Price drop casts shadow over Japanese chip firms

Article Abstract:

Japanese semiconductor firms enjoyed strong earnings growth in the fiscal year which ended Mar. 31, 1996, but the continued decline of memory-chip prices is a sobering thought for industry executives. Chip prices have fallen sharply since the start of 1996 and many analysts believe that this could reverse the gains enjoyed by the industry in the previous year. Japanese semiconductor companies remain heavily reliant on memory chips for their profits.

Japan

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LGIC's investment in a sister company irks investors; corporate South Korea is facing a hard struggle with the reform of its largest conglomerates

Article Abstract:

LG Information and Communication's (LGIC) decision to bail out its sister company, LG Semicon, has scared away investors. As a result, its stock price has plummeted by 25% in mid-Oct 1998 at the time when Korea's composite index has risen by about 13%. LGIC's moves started with the purchase of 16% of LG Semicon, followed by an infusion of 70 billion won to 80 billion won into the chip company. The deals have apparently stalled an impressive rally in LGIC shares which have dropped to 29,300 won.

United States, Semiconductor Parts, Receipt of funds, Communications Equipment, Communications Equipment Manufacturing, Other Financial Vehicles, Investors, not elsewhere classified, Use of Funds, Investors NEC, Management, Prices and rates, Telecommunications industry, Stocks, Investments, Telecommunications equipment industry, Telecommunications equipment, Communications industry, Investment companies, Beliefs, opinions and attitudes, Stock prices, Investors, LG Semicon Company Ltd., LG Information and Communications

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