Financial Times FT.com

Seoul considers state aid for Hynix

By Song Jung-a in Seoul

Published: December 8 2008 13:09 | Last updated: December 8 2008 18:10

South Korea may consider helping Hynix Semiconductor with funding if creditors for the troubled chipmaker decide not to provide it with financial support.

Hynix, which like other chipmakers is feeling the impact of oversupply and falling prices, has faced mounting concerns about its future in recent weeks. The company reported a Won1,650bn ($1.14bn) net loss in the third quarter, its biggest quarterly loss in at least seven years,

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