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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.

Finance

KB Financial, BS Group to cooperate on productive finance for renewables, AI data centres

KB Financial Group will work with BS Group to jointly identify projects and expand financial support in future growth areas including renewable energy, energy infrastructure and AI data centres. The companies signed a memorandum of understanding on expanding productive finance and shared growth. They plan to combine expertise in finance and industry to develop business opportunities and build a strategic cooperation framework, and to run working-level consultative bodies by sector to find concrete projects.

Industry

Semiconductor export boom swells Korea budget, setting up September parliamentary clash

South Korea’s government budget for 2027 is set to rise sharply as a semiconductor export boom lifts tax revenue, raising the stakes for a September parliamentary session over how to allocate funds. The plan boosts spending to 820.9 trillion won and lifts revenue to 880.8 trillion won, led by a jump in national tax receipts. Funding for semiconductor and AI initiatives rises, including a new semiconductor special account, while debates centre on tax credits, infrastructure support and an exception to the 52-hour workweek cap.