Search results for Arf
Crypto
Ripple expands RLUSD usage with Arf payment platform partnership
Ripple is partnering with global liquidity and payments platform Arf to provide RLUSD-based settlement liquidity on the XRP Ledger. The tie-up aims to expand RLUSD use into cross-border payments and support corporate short-term funding. Arf will supply RLUSD settlement liquidity so qualified payment companies can secure short-term working capital during settlement periods without tying up capital across multiple markets. Repayment periods are 1 to 5 days, enabling recycled use of recovered funds.
Industry
Samyang NCChem first-half operating profit 12.1 billion won, up 38 percent
Samyang NCChem said on Aug. 13 its first-half sales rose 28.4 percent from a year earlier to 78.7 billion won. Operating profit increased 38 percent to 12.1 billion won, while net profit jumped 75.9 percent to 12.8 billion won. The company said profitability improved as operating profit grew faster than sales, helped by higher sales of high value-added products and expanded supply of chemical materials for cleaning processes.
Industry
SK Hynix signs 12 trillion won EUV equipment deal with ASML
SK Hynix decided to introduce extreme ultraviolet (EUV) equipment worth about 12 trillion won to support mass production of next-generation semiconductor processes. The company said on March 24 it would sign a purchase contract for EUV scanners with ASML Korea after a board resolution. The deal is valued at 6.91 billion euros, or 11.95 trillion won, and equipment will be introduced sequentially over two years through Dec. 31, 2027.
