SK Hynix Completes 40 Trillion KRW Share Buyback

Odaily Report: Following Samsung Electronics, SK Hynix's large-scale share buyback also concluded on the 21st. SK Hynix announced that the company completed a two-month share buyback worth 40 trillion KRW on the Korea Exchange (KOSPI) that day. Previously, SK Hynix announced it would invest 40.0434 trillion KRW to repurchase 24.07 million shares of the company's stock and cancel all shares after the buyback was completed. The repurchased shares accounted for approximately 3.3% of the company's total issued shares, making it the largest share cancellation by a listed company in South Korea. SK Hynix originally announced a buyback period from August 20 to November 19, but the actual buyback was completed approximately one month ahead of schedule. (Yonhap)