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SK hynix solved a problem that has hindered the global-leading chipmaker from building new plants in Yongin, Gyeonggi Province, by striking an agreement to take in industrial water from the nearby city of Yeoju, according to the Ministry of Trade, Industry and Energy, Monday. The industry ministry said SK hynix, Yeoju City and Korea Land & Housing Corporation (LH) signed a memorandum of understanding (MOU) for mutual growth at the National Assembly.

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