SK Hynix completes 40.0434 trillion Korean won buyback and will cancel 24.07 million shares

According to Yonhap News Agency, following Samsung Electronics, SK Hynix’s large-scale share buyback was also completed on the 21st. SK Hynix stated that the company finished a two-month share buyback worth 4 trillion KRW on the Korea Exchange (KOSPI) that day. Previously, SK Hynix announced that it would invest 4.00434 trillion KRW to buy back 24.07 million company shares, and that all shares repurchased would be cancelled upon completion. This buyback accounts for approximately 3.3% of the company’s total outstanding shares, making it the largest share cancellation operation among listed companies in South Korea. SK Hynix’s original share buyback period was from August 20 to November 19, but the actual operation was completed about one month ahead of schedule.