Some South Korean sources indicated that Hynix “The Struggling” Semiconductor’s lenders will meet on Monday, 30th December, to discuss the destiny of the world’s third memory maker.It is reported that the main lender, Korea Exchange Bank is going to offer another debt-to-equity swap and rolling over a part of the dept in order to let Hynix Semiconductor to stay alive.

Reuters reports that the creditors are seeking to combine every 21 Hynix shares into one before offering a fresh $1.6 billion debt-for-equity swap and roll over some 3 trillion won (approximately $2.5 billion) in maturing debts to help the chipmaker stay afloat. It is just what the Deutsche Bank offered the creditors to do in late November (see this news-story), and I honestly believe that the plan will be accepted on Monday.

At the end of the week it was announced that the debtors of Hynix, headed be Korea Exchange Bank, will lend $188 million to BOE Technology Group, who had signed a preliminary agreement with Hynix regarding the acquisition of Hydis, the TFT-LCD business unit for $380 million. Basically, it means that the creditors simply transit the debt from one company to another. State-run Korea Development Bank will provide the largest part of the loan, $100 million, with Korea Exchange Bank, Woori Bank and Hyundai Marine & Fire Insurance Co funding the rest, the statement said.

Well, Korea and Hynix Semiconductor do not give up, despite of all troubles and even lawsuits, Korea continues to supply the largest portion of DRAM memory and it seems that nothing is going to change next year.