Restructuring for Semiconductor Industry Will be Delayed

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Restructuring for Semiconductor Industry Will be Delayed

The restructuring and realignment of the semiconductor industry which LG and Hyundai groups are now attempting is being retarded.
LG and Hyundai groups decided on November 13 that Arthur D Little (ADL) a consulting company will evaluate the exact asset values of the two semiconductor companies.
But the two rival companies could not even agree on the criteria for the evaluation and have not started an on-the-spot inspection, yet.
Sources at the two companies are saying, ' The government required the two companies to merge for effectiveness. But the two companies are now finding that their management style and company structure are just to different to resolve, respectively.'
The restructuring for electricity generating facilities between Hankook and Hyundai Heavy Industries is also drifting away.
The two companies have not decided on conditions for the merging of the two companies.
Airplanes, trains, petrochemicals and oil refineries restructuring efforts are progressing as expected.
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