Korean papers report that Hyundai Electronics Industries (HEI) and LG Semicon have almost ironed out their differences over LG employees’ job security, allowances and stock options and will sign the contract transferring LG’s stock to HEI next week. LG workers’ jobs are supposedly guaranteed until 2000. The Korea Times expects LG Semicon stocks will be transferred to Hyundai in April and the integration to be completed in July.
HEI TAKEOVER OF LG SET FOR NEXT WEEK
