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South Korea's ruling party is pushing an amendment to let chipmaker SK Hynix form joint ventures with external investors to build wafer fabs. Current law bars such JVs when proposed by a subsidiary's subsidiary; under the draft amendment SK Hynix wou

2026-07-14

South Korea's ruling party is pushing an amendment to let chipmaker SK Hynix form joint ventures with external investors to build wafer fabs. Current law bars such JVs when proposed by a subsidiary's subsidiary; under the draft amendment SK Hynix would be able to attract outside capital provided it retains at least 50% of the JV. SK Hynix is a subsidiary of SK Square, which is a subsidiary of SK Group. Sponsors say the change is intended to speed wafer-fab construction given the scale of required investment; the draft also requires new JV headquarters or main offices to be located outside the Seoul metropolitan area to support regional development policy.

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2026-07-14

Fed Governor Waller said he wants markets to receive as much information as possible.

Fed Governor Waller said he wants markets to receive as much information as possible.
2026-07-13

Federal Reserve Governor Bowman delivered a speech on "Modernizing Financial Regulation." In her prepared remarks, she noted that the Financial Stability Board (FSB) has conducted a comprehensive assessment of the modernization efforts undertaken by

Federal Reserve Governor Bowman delivered a speech on "Modernizing Financial Regulation." In her prepared remarks, she noted that the Financial Stability Board (FSB) has conducted a comprehensive assessment of the modernization efforts undertaken by its member institutions and various standard-setting bodies. These modernization initiatives have been widely implemented across members and focus on several common objectives, including: ensuring that the regulatory framework remains forward-looking and adaptable to current and emerging significant risks; enhancing the targetedness and proportionality of regulation; reducing unnecessary compliance burdens; promoting responsible innovation; leveraging data and technology to empower regulation; and supporting economic growth. The next phase of work will result in a report open for public comment, planned for release this fall. This report will then be submitted to the G20 as an important milestone in the commitment of all parties to advance modernization reforms.
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