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 X platform that SK hynix's board of directors approved on August 19 the repurchase and cancellation of KRW 4 trillion worth of treasury shares. Based on the previous day's closing price of KRW 1.662 million per share, the company plans to repurchase approximately 24.07 million shares, accounting for about 3.3% of total issued shares. The repurchase will begin on August 20 and last approximately 3 months, after which all repurchased shares will be cancelled. This will be the largest share cancellation ever implemented by a Korean listed company. SK hynix stated that considering the company's business competitiveness, cash generation capability, and medium-to-long-term growth prospects, the current stock 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 KRW 69 trillion, and its cash generation capability has improved significantly. 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 financial soundness goals progressing as planned, the company plans to continue shareholder returns while maintaining a stable financial structure. SK hynix plans to combine share repurchases 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.