SK hynix, banks launch 2 trillion won chip supplier guarantee program
SK hynix and four banks plus the Korea Trade Insurance Corporation signed the export supply chain agreement on October 19 and handed over the first certificate.
SK hynix signed an export supply chain reinforcement guarantee agreement on October 19 aimed at semiconductor materials, components and equipment companies, and handed over the first guarantee certificate at a ceremony, according to techm.kr. The program is funded with 2 trillion won contributed by SK hynix, KB Kookmin Bank, Shinhan Bank, Woori Bank and Hana Bank, together with the Korea Trade Insurance Corporation.
Under the arrangement, eligible materials, components and equipment firms will see their guarantee fee burdens reduced in the loan process.
The guarantee scheme is tied to SK hynix's domestic supplier base. The company is building the Trinity Fab, a mass-production-linked test and verification facility, at the Yongin semiconductor cluster in Gyeonggi Province, with 87 billion won invested together with the government and others.
KT gathers AI startups and cloud partners
Separately, KT held its K-PATH 2026 event on October 20, inviting about 200 industry participants, including representatives from Amazon Web Services and Google Cloud.
K-PATH is KT's AI startup nurturing program, which the company began in 2024.
Quick answers
How much funding is behind the SK hynix guarantee program?
SK hynix, KB Kookmin Bank, Shinhan Bank, Woori Bank and Hana Bank, along with the Korea Trade Insurance Corporation, contributed 2 trillion won.
Which companies does the guarantee program cover?
It targets semiconductor materials, components and equipment companies, which will see reduced guarantee fee burdens in the loan process.
When did KT hold K-PATH 2026?
KT held the event on October 20, with about 200 industry participants including people from Amazon Web Services and Google Cloud.