South Korea?

08/01/1998

South Korean press reports suggest that Dongbu Group has pulled the plug on its plans to build a DRAM fab utilizing IBM-developed technology. The scheme had been in the works for over a year, but began to founder late in 1997 when Korean finances and the DRAM market both descended. Work had already begun on the Dongbu Electronics facility in North Chungchong province; the Korea Herald reports that an assembly plant or possible foundry are being considered for the site.