Will LG Group Take Over Hynix Semiconductor?
By Kim Yoo-chul Staff Reporter of The Korea Times Will LG Group join open bidding to buy a controlling stake in Hynix Semiconductor? Group officials and LG sources told The Korea Times that the group's earlier passive stance toward the controlling stake valued at some $3 billion has not yet changed. Months ago, LG Electronics CEO Nam Yong said that the group's electronics unit has no interest in running the chip business and added LG learned how to survive without memory chips. "The group's top decision makers have reached a broad consensus that more measures would be needed to nurture future growth engines. But that doesn't necessarily mean LG will participate in an auction next month," an LG representative said Wednesday. "We are now busy for a possible management reshuffle," he said. LG Group will conduct a management reshuffle sometime this month. Despite such internal views, market analysts consistently say LG could be the "right buyer...