SK Hynix has completed its large-scale share buyback that began at the end of August last month. The process was concluded approximately one month earlier than originally planned.
According to financial investment industry sources on the 21st, SK Hynix finalized a 40 trillion won share buyback on this day.
Previously, SK Hynix announced that it would cancel all shares after acquiring 24.07 million of its own shares on August 19 last month. The acquisition amount is 40 trillion 43 million 4,000 won. This represents approximately 3.3% of issued shares and is the largest share cancellation among domestic listed companies.
The original share buyback period was disclosed as running from August 20 last month to November 19 this year, but it ended one month ahead of schedule.
SK Hynix plans to announce additional shareholder return measures at its third-quarter earnings release scheduled for the 28th.
Meanwhile, Samsung Electronics also recently completed a large-scale share buyback. Samsung Electronics acquired approximately 15 trillion won worth of its own shares from August 24 last month to the 6th of this month.
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