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Re: cksla post# 2524

Saturday, 06/02/2001 12:45:42 PM

Saturday, June 02, 2001 12:45:42 PM

Post# of 93820
Cksla, remember the Extell/Hynix VTT chip...
Wonder how this fits in?

Korea's FTC Approves Separation of Hynix

May 31, 2001 (SEOUL) -- The Fair Trade Commission, an anti-trust government body, said on May 28 that it has approved the separation of Hynix Semiconductor Inc. from the Hyundai Group.

Although Hyundai companies, including Hyundai Merchant Marine Co., Ltd., Hyundai Elevator Co., Ltd., and Hyundai Heavy Industries Co., Ltd., hold about a 19 percent share of the semiconductor company, they submitted documents to give up managerial rights of Hynix to creditor banks, the FTC said.

The approval is expected to set the stage for Hynix to bring in foreign capital.

(Maeil Business Newspaper, Korea)





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