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Search results for Semiconductor cluster

Finance

P2P lenders gain momentum as rules ease; financial CEO appointments gather pace

Korea\'s online investment-linked finance industry is accelerating mid-rate lending to mid-to-low credit borrowers and sole proprietors after regulatory improvements. The Financial Services Commission plans to raise self-funding investment limits and financial-company linked investment caps, and expand limits for general investors. Major financial institutions are also stepping up CEO selection processes, while regulators tighten oversight of bank asset quality, governance and internal controls. Payment and digital-asset businesses widen partnerships and services.

Finance

NH NongHyup Bank to expand financial support for Jeonnam-Gwangju semiconductor cluster

NH NongHyup Bank will expand preferential financial support for companies moving into the Jeonnam-Gwangju Integrated Special City semiconductor cluster and step up efforts to foster local talent. The bank said it agreed with Mayor Min Hyung-bae to pursue comprehensive financial support for cluster development and regional economic revitalisation. Planned measures include easing loan screening requirements and raising collateral recognition ratios, along with tailored services for employees. It also donated 300 million won in scholarships.

Industry

SK hynix to pay 304.7 billion won in supplier bills early ahead of Chuseok

SK hynix said on Wednesday it will pay about 304.7 billion won in bills to partner companies early ahead of the Chuseok holiday. It said the move aims to ease suppliers\' liquidity burdens during periods of concentrated funding demand such as major holidays, alongside institutional support. The company also cited continued financial and operational support, plans to use 1.4 trillion won in shared-growth funds, and an October event for suppliers and their families.