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SK Hynix to Buy Back, Cancel $29 Billion Worth of Treasury Shares
The program is the largest treasury share cancellation by a South Korean listed company and lifts the payout target to over 50% of cumulative free cash flow.
- On Wednesday, August 19, 2026, the Board of Directors of SK hynix Inc. approved a resolution to repurchase and fully cancel 40 trillion won of treasury shares, marking the largest such cancellation in South Korean corporate history.
- The Company's decision reflects an assessment that its intrinsic value, driven by business competitiveness and cash generation capability, is underrepresented in its current stock price.
- Based on the closing stock price, the 40 trillion won repurchase represents about 3.3% of total issued shares, supported by the Company's robust financial position of approximately 69 trillion won in net cash.
- SK hynix announced plans to expand its total shareholder return target to "over 50% of cumulative FCF," adopting a dual-track approach of share cancellations and cash dividends.
- Starting Thursday, August 20, the repurchase program is scheduled to run for approximately three months, as the Company aims to execute the initiative ahead of schedule to deliver sustained shareholder value.
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SK Hynix will buy back $28.6bn of its own shares, the biggest repurchase in Korean corporate history
SK Hynix has approved a 40 trillion won ($28.6bn) share buyback, the largest by a listed Korean company, after a record quarter failed to lift its stock.
·Amsterdam, Netherlands (Kingdom of the)
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SK Hynix to buy back, cancel $29 billion worth of treasury shares
·London, United Kingdom
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PR Newswire+2 Reposted by 2 other sources
SK hynix Accelerates 40 Trillion won Share Repurchase and Cancellation Program, Pursues Shareholder Return Expansion to 'Over 50% of FCF'
Board approves resolution on August 19 to repurchase and fully cancel 40 trillion won of treasury shares Decision reflects the view that intrinsic value—driven...
·Chicago, United States
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Total News Sources17
Leaning Left2Leaning Right5Center4Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
L 18%
C 36%
R 46%
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