SK Hynix announced a 40 trillion won (approximately $28.6 billion) share buyback, the largest treasury share cancellation ever undertaken by a Korean company, targeting roughly 24.07 million shares, or 3.3% of its total shares outstanding. The buyback will run from August 20 through November 19, 2026. The memory chip maker, whose shares have declined nearly 50% from their June 2026 peak, views the decline as disconnected from its solid financial health. The company has also committed to returning more than 50% of cumulative free cash flow generated between 2025 and 2027. Shares and ADRs climbed 6-9% on the news.
Source: Read the original article
