SK Hynix Selected EcoEnergen as a 5th Term Technology Innovation Company

Three-Year Support Including Joint Development of Scrubber Water Recycling Technology
Expanded Support Scope to Partner Companies with SV Creation Technology
Extended Support Period per Project from 2 to up to 5 Years

Lee Seok-hee, President of SK Hynix (right), and Yoon Jong-pil, CEO of EcoEnergen Co., Ltd., are posing for a commemorative photo after the SK Hynix '2021 5th Technology Innovation Company Agreement Ceremony' held via video conference.
[Photo by SK Hynix]

[Asia Economy Reporter Kim Heung-soon] SK Hynix announced on the 28th that it has selected EcoEnergen Co., Ltd. as the 5th technology innovation company and held a signing ceremony.

The technology innovation company program is SK Hynix's win-win growth initiative. Since 2017, it has selected partners with high localization potential every year to create social value and pursue mutual cooperation by strengthening the domestic semiconductor ecosystem.

EcoEnergen possesses technology for reducing and removing environmental pollutants. Over the next three years, it will jointly develop 'scrubber water recycling technology' with SK Hynix. Additionally, it will receive support such as interest-free technology development loans and management consulting from SK Hynix.

SK Hynix expects that through collaboration with EcoEnergen, it will be able to increase water reuse volume and reduce wastewater treatment costs, thereby establishing an environmentally friendly workplace infrastructure.

Starting this year, SK Hynix decided to expand the scope and duration of support for technology innovation companies to broaden the foundation of ESG (Environmental, Social, and Governance) management across the semiconductor ecosystem.

Accordingly, the support target, which had been limited to materials, parts, and equipment companies, has been expanded to include facility companies possessing technologies that can create social value (SV). The collaboration period, previously two years, will now be flexibly managed within five years per project depending on the technical difficulty and development schedule.

Lee Seok-hee, CEO of SK Hynix, stated, "Although uncertainties surrounding the semiconductor industry remain due to the prolonged COVID-19 pandemic, we will not spare support for the growth and development of our partners. If SK Hynix and its partners cooperate with a strong will for technology development, a virtuous cycle structure that continuously produces results will be established," expressing his expectations.

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