Keep Hynix technology in Korea, says KDB

Hynix Semiconductor Inc., the world’s second-largest memory chipmaker, should be sold to a “strategic investor” to prevent an outflow of technology from Korea, the company’s main creditor bank said.
“It is an important industry to the country, so it would be appropriate to sell Hynix to a strategic investor,” the Korea Development Bank said in Seoul today in an e-mailed business outlook report to the country’s lawmakers.
Last year, Korean lawmakers agreed to prevent “core” industrial technologies from flowing out of the country.
A law introduced in April states that regulatory approval is required for the sale of any company with these technologies.
Kim Jong-kap, chief executive officer of Icheon, Gyeonggi-based Hynix, said in April that the company’s chip-making technology would probably be subject to the law.
Creditors of Hynix, who own about 36 percent in the company after spending $4.6 billion bailing out the chipmaker, have agreed not to sell their remaining stake until the end of the year.
Bloomberg