SK Hynix to Pursue Sale of Non-Core Asset 'Water Treatment Center'

Securing Approximately 1 Trillion Won in Cash Equivalents

SK Hynix will sell the water treatment center located on its Icheon campus in Gyeonggi Province to SK REITs. This move aims to secure cash assets worth around 1 trillion KRW to prepare funds for future investments and to enhance asset efficiency and financial soundness.

SK Hynix stated on the 10th, "As global semiconductor industry facility investments have recently expanded, there is a growing trend to improve asset efficiency and financial soundness not only through borrowing for investments but also through asset securitization. We intend to pursue the securitization of the non-core asset, the water treatment center."

In the semiconductor industry, it is expected that SK Hynix will be able to secure funds of about 1 trillion KRW through this sale. By securing cash assets, the company can improve financial soundness while proceeding with various investment options. The funds can also be used for future technology development.

Partial view of SK Hynix Icheon Campus / Photo by SK Hynix

On the same day, SK REITs submitted an application for approval of this transaction to the Ministry of Land, Infrastructure and Transport. Both companies plan to pass the board resolution this month, and once government approval is obtained, the sale price will be finalized and the asset transfer procedures will be completed within the second half of the year. After selling the water treatment center, SK Hynix will lease and use the facility from SK REITs.

Kim Woo-hyun, Vice President (CFO) of SK Hynix, said, "In a business environment with increasing uncertainty, it has become very important for companies to streamline assets and manage financial structure stably. We will continue to review Asset-Light execution plans to enhance asset efficiency."

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