Korean LCD panel manufacturer BOE Hydis Technology has filed bankruptcy on September 11th 2006. As to the reasons, it stated to have made unsuccessful investments and that employees' had been leaving.

BOE Hydis is a subsidiary of Chinese BOE Technology Group. Korean "Digital Times" reported that, within the next year, the company would restructure and suspend payment guarantees for component suppliers amounting to 520 million dollars.

Back in early August, BOE Hydis had still rebutted claims made by Taiwanese "Commercial Times", according to which the company supposedly could not pay its suppliers, therefore having been unable to ship notebook panels.

In South Korea, BOE Hydis possesses three production facilities for small and mid-sized LCD panels, where its employs around 1,600 people.