Global Market Update | SK Hynix set to gain as South Korea eases capital-raising rules

South Korea's ruling Democratic Party has proposed amending capital-raising rules that currently prevent SK Hynix from forming joint ventures, as the firm is a sub-subsidiary of SK Inc. If passed, SK Hynix can attract outside capital for new fabs while retaining a 50% stake, helping fund its aggressive chip expansion. SK Hynix recently raised 26.5 billion dollars via a US share sale and has pledged 268 billion dollars in investment alongside Samsung Electronics for semiconductor production.