SK hynix launches W2tr financing program to bolster chip suppliers

SK hynix has launched a 2 trillion won ($1.5 billion) financing program with major commercial banks and a state-run trade insurer to help domestic semiconductor suppliers secure affordable funding and strengthen Korea's chip supply chain, the company said Monday. SK hynix CEO Kwak Noh-jung, Industry Minister Kim Jung-kwan, representatives from the Korea Trade Insurance Corporation, four major banks — Hana, KB Kookmin, Shinhan and Woori — and semiconductor suppliers attended a signing ceremony at

Source: The Korea Herald