On July 14, as reported by foreign media, South Korea's governing party is advocating for legislative revisions that would enable chipmaker SK Hynix to more easily form joint ventures with external investors for the construction of wafer fabrication facilities. Under current regulations, 'subsidiaries of subsidiaries' are barred from entering into such partnerships. Should the proposed amendment be approved, SK Hynix will be able to draw in external funding for new wafer fab initiatives, provided it maintains a minimum 50% stake in the joint venture. SK Hynix operates as a subsidiary of SK Square, which itself is a subsidiary of SK Group. The legislator who introduced the amendment emphasized in the bill's rationale that South Korea must "accelerate wafer fab construction to stay ahead of other leading nations and companies in the competitive landscape," noting that traditional financing methods alone are insufficient to meet the substantial investment requirements. Additionally, lawmakers highlighted that the amendment mandates the headquarters or main office of any newly formed joint ventures to be situated outside the Seoul Capital Area, in line with the government's strategy to foster regional economic growth.