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SK Hynix has launched a 2 trillion won ($1.5 billion) financing plan to support South Korean chip suppliers and strengthen the supply chain.
SK Hynix announced on Monday that it has launched a 2 trillion Korean won (approximately $1.5 billion) financing program with several major commercial banks and the Korea Trade Insurance Corporation (K-SURE). The program aims to help domestic semiconductor suppliers secure affordable funding and strengthen South Korea's chip supply chain. SK Hynix CEO Kwak Noh-jung, Korean Industry Minister Kim Jung-kwan, and representatives from K-SURE and four major banks (Hana, KB Kookmin, Shinhan, and Woori) attended the signing ceremony.
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