SK Hynix Establishes 100 Billion KRW ESG Fund for Partners

[Asia Economy Reporter Suyeon Woo] SK Hynix announced on the 17th that it has established an ESG (Environmental, Social, and Governance) fund worth 100 billion KRW to support the ESG management of its partners. Through this fund, partner companies in need of funds for environmental and social improvements can receive financial support at interest rates lower than the market rate.

So far, SK Hynix has operated a win-win growth fund worth 300 billion KRW to support first- to third-tier partners requiring facility investment or working capital. While continuing financial support of 300 billion KRW this year, about 100 billion KRW of this amount has been separately allocated as an 'ESG Fund' to help partners establish ESG management foundations.

First-tier partners needing funds for strengthening environmental areas such as energy reduction facilities and pollutant treatment facilities, as well as social areas like safety and health environment and improvement of working conditions, can utilize the ESG Fund. To this end, SK Hynix established the ESG Fund with Industrial Bank of Korea and signed agreements with Industrial Bank, NongHyup Bank, Hana Bank, and Woori Bank to provide continuous financial support to partners.

SK Hynix also plans to contribute to enhancing partners' ESG management capabilities by strengthening free consulting programs such as the Industrial Innovation Movement and Growing Up Together. As part of this, environmental safety consulting will be focused on this year.

Kim Seonghan, Head of Purchasing at SK Hynix, said, "We hope that SK Hynix's win-win programs can help establish the ESG management foundation of partners, which are the backbone of the semiconductor supply chain," adding, "We will continue efforts to strengthen the semiconductor ecosystem by analyzing the usage trends of the ESG Fund over the next year and considering expanding its scale."

This content was produced with the assistance of AI translation services.