Chips with everything

Article Abstract:

South Korea's semiconductor manufacturers have seized a dominant position in the global market but are suffering in mid-1996 from a glut of dynamic random-access memory chips. Prices have plummeted 60% to roughly break-even levels, leading to sharp cutbacks in production, a dramatic comedown for global DRAM leader Samsung Electronics, as well as Hyundai Electronics and LG Semicon. Still, South Korean companies control 35% of a market they only entered a decade earlier, and they still plan rapid growth in niche areas.

Management

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Shark alert

Article Abstract:

There have been a number of indications recently that South Korea may be beginning to see a wave of hostile takeovers. Hanwha Merchant Bank and retail concern Midopa have both seen dissatisfied shareholders purchase large amounts of their stock, forcing managers to dilute the shareholders' shares by making new stock offerings. However, observers believe that it is unlikely that unfriendly mergers and acquisitions will become firmly established in South Korea, where there is a strong conservative business culture.

Acquisitions and mergers

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The chips are down

Article Abstract:

Samsung Electronics, the largest manufacturer of memory chips in the world, was the most highly ranked South Korean company in 1996. It benefited considerably from having a diverse product range, and was not badly affected by a sharp fall in prices for memory chips. It has been focusing increasingly on consumer items such as cellular telephones, refrigerators and televisions, and in 1996 saw sales of non-semiconductor products rise by 31% to $15 billion. Other leading South Korean corporations are discussed.

Evaluation

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