SK Hynix is moving to improve asset efficiency and financial soundness by securitizing non-core assets.

SK Hynix announced on the 10th that it has decided to pursue a plan to sell the water treatment center at its Icheon campus to SK REIT to secure funds for future investment and improve asset efficiency and financial soundness.

SK Hynix explained, “As the scale of investment in semiconductor industry facilities has recently expanded worldwide, there is a growing trend to improve asset efficiency and financial soundness not only through investment through borrowing but also through asset securitization.” They added, “In line with this trend, we plan to pursue the securitization of our non-core asset, the water treatment center.”

The company plans to use the funds raised through this sale to develop technology and invest in future industries.

SK REIT submitted its application for approval for this transaction to the Ministry of Land, Infrastructure and Transport today. The two companies plan to hold a board meeting in July and, once government approval is received, finalize the purchase price and complete the asset transfer process in the second half of this year. After selling the water treatment center, SK Hynix will lease the facility from SK REIT.

SK Hynix CFO Kim Woo-hyun said, “In a business environment with increasing uncertainty, it has become very important for companies to streamline their assets and manage their financial structures stably,” adding, “Accordingly, we will continue to review asset-light implementation plans to increase asset efficiency in the future.”