A report in 'The Korea Herald' today suggests that the stalemate between Hyundai and LG over merging their chip operations is almost resolved.
The two companies' talks had locked because each wanted a controlling state in the venture.
According to the 'Herald', Kim Woo-choong, chairman of the Federation of Korean Industries, said that merger transactions were close to completion.
However, many analysts believe this is overly optimistic, despite pressure from South Korea's President Kim, the banks, and even the International Monetary Fund (IMF).
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