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Industry

SK hynix cuts daily water use by 170,000 tonnes, targets 600 million tonnes by 2030

SK hynix said it cut average daily water use by 170,000 tonnes at its domestic sites last year. The company presented its water management results at Korea International Water Week 2026, held in Daegu from Sept. 9 to 11. SK hynix said cumulative water savings reached 303.37 million tonnes by last year, exceeding an earlier target of 264 million tonnes. It raised this year’s target to 329 million tonnes and aims for 600 million tonnes by 2030.

Industry

Semiconductor boom feeds into spending; Icheon buys homes, Cheongju raises outlays

The semiconductor boom is beginning to translate into consumption through wages, the Bank of Korea said. After bonus payouts at Samsung Electronics and SK Hynix, consumption in chip-exposed areas such as Icheon, Hwaseong and Cheongju was up to 4 percent higher than in non-exposed regions. The central bank said the spillover differs by region, with Icheon residents likely directing extra income to home purchases while Cheongju showed stronger spending.

Industry

SK Hynix to livestream groundbreaking for Indiana packaging plant

SK Hynix said it will hold a groundbreaking ceremony at Purdue University in Indiana at 11 p.m. on Aug. 27 Korea time for an advanced packaging production base for AI memory. CEO Kwak Noh-jung and other SK Group executives, along with key Indiana officials, will attend. The company plans to livestream the event on YouTube. The site in West Lafayette involves a $3.87 billion investment, with mass production slated for the second half of 2028.