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first_img Samsung Electronics and SK Hynix have successively hired former international finance officials from the Ministry of Finance and Economy

Samsung Electronics hired former Director of the Foreign Exchange System Division of the Ministry of Finance and Economy, Lee Hee-kun, for its IR team as an executive last month. Lee Hee-kun has held positions such as Director of the Foreign Exchange System Division and Director of the Capital Market Policy Division, responsible for foreign exchange systems and overseas investment responses. In April this year, he participated in the work of including South Korea in the World Government Bond Index and received special recognition. He is expected to be responsible for responding to overseas investors and the global capital market.SK Hynix hired former Director of the Strategic Economic Division of the Ministry of Finance and Economy, Jeong Yu-jin, as the Vice President under the Communications Division last month. Jeong Yu-jin has served as the Director of the Climate and Environment Budget Division, Secretary to the Deputy Prime Minister for Economic Affairs, Director of the Foreign Exchange System Division, and Director of the Foreign Exchange Fund Division. Both companies are advancing production investments in the United States, with Samsung Electronics planning to invest $37 billion to build a foundry in Taylor, Texas, and SK Hynix planning to invest $4 billion to build an advanced packaging factory in Indiana.

first_img Renzo renamed itself Renzo Finance and launched the Hyperliquid basis trading product

The re-staking protocol Renzo Protocol announced its name change to Renzo Finance and launched its first on-chain structured yield product Renzo Basis, which will go live on Hyperliquid, initially supporting BTC and HYPE. Lucas Kozinski, founder of Renzo Labs, stated that basis trading earns funding rate income by simultaneously holding a spot long and a perpetual contract short. Since the long and short positions hedge each other, asset price fluctuations do not affect the yield, and users earn the fees paid by perpetual traders every hour.Renzo stated that the product achieves automation through a triple protection mechanism, including hedge protection, yield protection, and safety buffer. Currently, the product does not use AI automation but instead conducts trading and strategy monitoring through Hyperliquid's proxy wallet (API wallet) with user authorization, without holding user funds. The relevant protection parameters can be customized by users. Renzo emphasized that its product differs from competitors such as Ethena and Bitwise's Superstate in that it is fully on-chain, self-custodied, and allows depositors to choose their own assets, trading venues, and risk parameters.Renzo Basis plans to support all assets on Hyperliquid that have both spot and perpetual markets and expand to other DeFi platforms, with the next stop being Lighter on Robinhood, where on-chain stock perpetual basis trading will be introduced.
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