S. Korea's state-run deposit insurer sells 124 bln won stake in Hynix

South Korea's state-run deposit insurer on Friday sold 124 billion won (US$102 million) worth of its stake, or 0.75 percent, in South Korean chipmaker Hynix Semiconductor Co., financial sources here said.

After the sale, Korea Deposit Insurance Corp. (KDIC) still holds 1.98 percent of the chipmaker, said the sources, requesting anonymity.

Hynix is co-managed by its creditors. Its largest shareholder is Mirae Asset Investment Management Co. which holds a 21 percent stake.

The creditors plan to unload an additional 5 percent stake before December. They failed to find a buyer of their stake in three previous attempts. They plan to push for another attempt to sell their shares to domestic buyers.

Hynix shares closed at 28,150 won, down 0.18 percent from the previous session, after Friday's trading on the Seoul bourse.//Yonhap

Park Sae-jin swatchsjp@ajunews.com