SK Hynix Completes KRW 40 Trillion Treasury Stock Buyback

Following Samsung Electronics, SK Hynix's massive treasury stock buyback concluded today (the 21st).

According to SK Hynix, the company wrapped up its KRW 40 trillion treasury stock acquisition on the Korea Composite Stock Price Index (KOSPI) market, which spanned two months.

Previously, SK Hynix announced plans to inject KRW 40.0434 trillion to acquire 24.07 million shares of its own stock and retire all of them.

This accounts for approximately 3.3% of its issued shares, marking the largest treasury stock retirement by a domestic listed company.

Initially, the acquisition period was disclosed to run from August 20 to November 19, but the buyback was wrapped up about a month ahead of schedule.

Prior to SK Hynix, Samsung Electronics also acquired 56.85 million treasury shares by investing approximately KRW 15 trillion from August 24 to October 6.

As a result, the treasury stock acquisitions by the two major semiconductor giants—which served as key supply-and-demand pillars supporting the domestic stock market amid fierce foreign selling—have both come to an end.

SK Hynix plans to unveil additional shareholder return measures when it announces its third-quarter earnings on the 28th of this month.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.