SK Hynix Approves $38 Billion for Korean Chip Plants

SK Hynix's board approved $38 billion in investments for chip plants in Yongin and Cheongju, South Korea. The company is directing its chip windfall into the Korean corporate bond market. The expansion comes as Korean retail investors return to Wall Street amid a KOSPI rout. Russia is also turning to South Korea for fuel as its refinery crisis deepens.