Hyundai Wins Semicon Management Dispute

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Hyundai Wins Semicon Management Dispute

Hyundai Electronics will be superior to LG Semiconductor in terms of the management of a newly born company created through the merger of the two companies. Arthur D. Little(ADL), a consulting company retained by the two companies to assess the management structure of the proposed new company, announced its decision on December 24.
LG Semiconductor is protesting the result, stating that the company can not abide by ADL's assessment because the result was made without a complete scrutinization of its assets.
LG literally refused to receive the report by ADL. Instead, LG announced a statement refuting ADL's assessment.
Earlier, in November, LG and Hyundai agreed to choose one company, decided by an independent outside assessor, to manage the company formed from their merger.
But LG has been stubbornly opposing the evaluation of its assets citing the unfairness of the procedures.
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