创韩国上市公司股票注销规模新高，SK hynix回购并注销4万亿韩元股票，股东回报目标上调至至少50%自由现金流

Odaily Planet Daily News: Citrini analyst jukan posted on the X platform that SK hynix's board of directors approved a share buyback and cancellation of treasury stock worth 4 trillion Korean won on August 19. Based on the previous day's closing price of 1.662 million Korean won per share, the company plans to buy back approximately 24.07 million shares, accounting for about 3.3% of total issued shares. The buyback will begin on August 20 and last approximately 3 months, with all shares canceled upon completion. This will be the largest share cancellation ever implemented by a Korean listed company. SK hynix stated that considering its business competitiveness, cash-generating capability, and mid-to-long-term growth prospects, the current share price does not fully reflect its intrinsic value. As of the end of the second quarter, the company's net cash position stood at approximately 69 trillion Korean won, with significantly improved cash generation. SK hynix will also accelerate the execution of its existing shareholder return policy, which entails returning up to 50% of cumulative free cash flow from 2025 to 2027; at the same time, the company plans to raise its shareholder return target from "up to 50% of cumulative free cash flow" to "at least 50%." With the financial soundness target progressing as planned, the company plans to continue shareholder returns while maintaining a stable financial structure. SK hynix intends to combine share buybacks and cancellations with cash dividends, and is considering expanding dividends through measures such as increasing fixed dividends and issuing special dividends. The specific scale and structure of additional shareholder returns will be determined by the board of directors and announced together with the company's third-quarter results.