Apr 01, 2002 Seoul, Korea
The main creditor of South Korea's Hynix Semiconductor Inc (00660.KS) said on Friday it would be a better option to sell its assets to Micron Technology (MU.N) than seeking to keep the troubled chipmaker afloat.
Hynix, the world's third largest computer memory chipmaker, is in a $4 billion deal to sell the bulk of its operations to U.S. rival Micron.
``We are not yet decided on the issue, but selling the Hynix assets under current terms would be better for creditors as it would remove uncertainty surrounding its fate,'' Kim Kyung-lim, president of Korea Exchange Bank (04940.KS), told the bank's annual shareholders meeting.
