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To: DJBEINO who wrote (4406)	12/29/1998 10:02:00 AM
From: DJBEINO	Respond to of 9582

Delayed Big Deal Hurts Semiconductor Exports Despite a firming demand for semiconductors both Hyundai and LG Semicon are finding it difficult to win contracts as the delay in their merger causes contractors to look to a more stable production environment, it was reported Tuesday. As a result the US based Micron TI is rapidly overhauling the domestic firms' market share. LG Semicon's dealers concerned over the company's fate are not placing orders, taking a wait and see approach as LG's failure rate in production increases and unions become more militant. Hyundai is seen as parlyzed as even though it was awarded the majority share in the proposed merge, it is suffering from huge debts and cannot make a long term plan.

To: DJBEINO who wrote (4406)	12/29/1998 10:06:00 AM
From: DJBEINO	Respond to of 9582

US Monitoring Big Deal The US government was learned Tuesday to be closely watching the Korean administration to check that no money changes hands in the 'big deal' between conglomerates and also to monitor whether too much interference occurs. A source in Washington revealed Monday that the US Trade Department and semiconductor manufacturer Micron are examining negotiations between Samsung Electronics and Daewoo, and Hyundai and LG Semicon. The United States Trade Representative (USTR) reported to congress that it is still investigating whether or not the government pressured POSCO to sell steel to domestic consumers at 30% international prices. The primary investigation of Hanbo Steel revealed no administrative money. The probes were conditions added to the US budget regarding loans to Korea.