SK Hynix and Korean banks launch $2T won supplier guarantee program

SK Hynix, South Korea's industry ministry and four major banks signed an agreement creating a 2 trillion won export supply chain guarantee program. It gives small and mid-sized materials, components and equipment makers larger loan limits, preferential rates and reduced guarantee fees. Officials also inspected the 870 billion won Trinity Fab test line at the Yongin semiconductor cluster.

• The 2 trillion won program targets materials, components and equipment suppliers
• Participants include SK Hynix, the industry ministry and four major banks
• Trinity Fab in Yongin gets 870 billion won for a production-linked test line
• First guarantee certificates were handed to partner companies