SK Hynix, South Korea's industry ministry, the state-run Korea Trade Insurance Corp. (K-SURE), and four major commercial banks launched a KRW2 trillion (US$1.5 billion) loan guarantee program for...
Under an agreement signed in Yongin, SK hynix and four banks would contribute a combined 100 billion won (US$75 million).
South Korea’s main pension fund took a 182 trillion won ($137 billion) hit after a decline in stakes of equities including Samsung Electronics Co. and SK Hynix Inc.
Memory chipmakers Samsung Electronics and SK hynix each dropped more than 4% before trimming losses.
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