SK Hynix Prepaid Power Fees Not Desperate Funding: Lawmaker
A South Korean lawmaker clarified that SK Hynix's prepayment of electricity fees to KEPCO was not emergency funding due to cash shortages. The clarification follows SK Hynix and Samsung Electronics' rejection of KEPCO's $18 billion prepaid power plan, which had raised market speculation about their cash flow. The statement helps ease concerns over SK Hynix's financial health, with a neutral impact on the stock.
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