Overview
- The board approved a 40 trillion won program to repurchase and fully cancel the company’s own shares, with purchases set to begin the next trading day and run for about three months.
- Based on the prior closing price the buyback would equal roughly 24.07 million shares, or about 3.3% of issued shares, and all repurchased stock will be cancelled when the program is complete.
- SK hynix raised its 2025–2027 total shareholder return target from within 50% to over 50% of cumulative free cash flow and said it will pursue buybacks in parallel with cash dividends.
- Management cited record financial performance and roughly 69 trillion won in net cash at the end of the second quarter as the basis for acting early to address what it views as stock undervaluation.
- The move accelerates a shareholder-return plan first set in November 2024 and could boost per‑share metrics and payouts for investors while the company maintains it will consider market conditions and distributable profits when setting dividend scale.