SK Hynix completes 40 trillion won share buyback

According to Yonhap News Agency, following Samsung Electronics, SK hynix concluded its large-scale share repurchase on the 21st. SK hynix stated that it completed the two-month, 40 trillion won stock buyback on the Korea Exchange (KOSPI) that day. Previously, SK hynix announced it would allocate 40.0434 trillion won to repurchase 24.07 million shares, which will be fully retired upon completion. These repurchased shares account for approximately 3.3% of the company's total outstanding shares, marking the largest share cancellation operation by a listed company in South Korea. Although SK hynix originally scheduled the buyback period from August 20 to November 19, the actual repurchase work was completed about a month ahead of schedule.