SK Group Chairman Chey Tae-won Purchases KRW 4.8 Billion Worth of SK Hynix Shares

SK Group Chairman Chey Tae-won has purchased approximately 4.8 billion won worth of SK Hynix shares in the open market.

The move is aimed at emphasizing his commitment to responsible management amid severe volatility in the domestic stock market, which has recently centered around semiconductor shares.

SK Hynix announced in a regulatory filing today (the 30th) that Chairman Chey acquired 3,620 common shares of the company through open-market purchases.

Based on today's closing price, the acquisition amounts to 4.78 billion won.

This marks the first time Chairman Chey has purchased SK Hynix shares.

It is reported that Chairman Chey decided to purchase the shares as part of responsible management, driven by his belief in the company's corporate value and his assessment that SK Hynix shares have recently been excessively undervalued.

SK Hynix shares hit an all-time high of 2,987,000 won on June 25, but after plunging sharply, closed at 1,327,000 won today, just about a month later.

Regarding the stock price of SK Hynix, Chairman Chey recently remarked, "Since memory chips will continue to be in demand, it will trend upward over time. Rather than buying and selling frequently, simply holding onto them is a good way to preserve your assets."
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.