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The U.S. financial crisis is beginning to impact Korean industries. Hynix last Thursday decided to shut down part of its semiconductor production line at its plant in Icheon, Gyeonggi Province in late September and eventually close its plant in Cheongju, North Chungcheong Province after completing production of some products that are still in demand.
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Businesses are desperate to secure funds and seek survival strategies. The Kumho-Asiana Group has decided to sell Kumho Life Insurance, while giving up its plan to list the insurer on the stock market. This suggests that the conglomerate is in a tight spot.
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The opening day box office for "Dragon Wars" topped that of all other Korean films released in the U.S. so far, including "The Host", "Typhoon", "Spring Summer Fall Winter and Spring" and "Taegukgi: Brotherhood of War".

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