SK hynix, gov't to provide $1.5 bil. in loan guarantees to semiconductor suppliers
7 Articles
7 Articles
SK Hynix is partnering with the government, the Korea Trade Insurance Corporation (K-TIE), and commercial banks to provide full-scale financial support to suppliers in the semiconductor materials, parts, and equipment (MPE) sector. The initiative aims to alleviate the financial burden on small and medium-sized partner companies struggling with financing due to high interest rates and a global economic slowdown, thereby boosting the overall compe…
(Seoul = Yonhap News) Reporter Park Cho-rong = The government, in partnership with SK Hynix, is set to provide 2 trillion won in guarantee support to semiconductor materials, parts, and equipment (Sobujang) companies.
The government has partnered with SK Hynix and Samsung Electronics, which are enjoying a semiconductor boom, to build a win-win ecosystem with small and medium-sized enterprises (SMEs) and middle-sized companies. On the afternoon of the 19th, Minister of Trade, Industry and Energy Kim Jeong-kwan visited the Yongin General Industrial Complex in Gyeonggi Province to inspect the construction site of SK Hynix's first fab (semiconductor factory) and …
4 Major Banks and SK Hynix to Provide 2 Trillion Won in Financial Support to Semiconductor Suppliers
NewsQ Reporter Lim Yu-jin / Major domestic commercial banks have joined forces to strengthen the competitiveness of the semiconductor industry. Partnering with SK Hynix, they are launching a total of 2 trillion won in financial support to reduce the financing burden on partner companies. Woori Bank, Hana Bank, and KB Kookmin Bank announced on the 20th that they "signed a business agreement for financial support to strengthen the semiconductor in…
Industry Minister Kim Jung-kwan, center, poses with KB Kookmin Bank senior executive Lee Won-jong, second from left, Korea Trade Insurance Corporation President Jang Young-jin, left, SK hynix CEO Kwak Noh-jung, third from right, after agreeing to cooperate in supporting the country’s semiconductor supply chain at the Yongin cluster of SK hynix on Oct. 19. [Photo courtesy of SK hynix] South Korea’s KB Kookmin Bank announced on Oct. 20 that it has…
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