Talks with US chipmaker Micron over the sale of South Korean semiconductor firm Hynix may reopen once restructuring plans are finalised, it has emerged.
South Korean Finance Minister Jeon Yun-churl said that the decision would be made after viewing new plans for the ailing company.
Original talks between Hynix and potential buyer Micron ended in April when former management at the troubled Korean firm rejected a $3bn-plus offer for assets from Micron.
The decision to turn the offer down came much to the disgust of Hynix's creditors, which have since seized control of the company. The firm is believed to owe creditors over $6bn.
Hynix is also to be investigated in a US Department of Justice probe into anti-competitive behaviour in the chip sector.
The company said that it would co-operate with investigators and that it had nothing to hide.
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