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To: TREND1 who wrote (32121)	4/15/1998 12:41:00 AM
From: DJBEINO	Respond to of 53903

LG, Hyundai to delay UK microchip plants TOKYO (AFX) - The LG group and Hyundai are to delay planned microchip projects in the UK due to a lack of funds, the BBC television news said in a report monitored here. According to the report, which quoted company officials, LG is unable to raise funds for its 1.3 bln stg microchip planned for Wales, with Hyundai to delay for a second time its chip plant planned for Scotland, which will cost over 1 bln stg. "Hopefully (it will start up) sometime by the end of next year," a senior LG official was quoted as saying in the report. "If it happens, it will be a 5 to 6 month delay. We are keeping our fingers crossed." Hyundai executive vice president Kyu-Ahn Lee said: "It is difficult to raise the finance through the market. Unfortunately... we have to delay the project".