According to Yonhap News, SK Hynitz’s large-scale share buyback, following Samsung Electronics’, concluded on the 21st. SK Hynitz announced that it completed its two-month, 40 trillion KRW share repurchase program on the Korea Stock Exchange (KOSPI). Previously, SK Hynitz had declared its intention to repurchase 24.07 million shares at a total cost of 4.00434 trillion KRW, with all repurchased shares to be canceled upon completion. This buyback represents approximately 3.3% of the company’s total outstanding shares and is the largest share cancellation by a South Korean listed company. Although the originally announced repurchase period was from August 20 to November 19, the actual buyback was completed about a month ahead of schedule.
SK Hynix Completes a 40 Trillion Won Share Buyback
TechFlowShare
Summary
SK Hynix completed a 40 trillion won share buyback on October 21, 2026, repurchasing 24.07 million shares, or 3.3% of its outstanding shares, and canceling them. The buyback, the largest in South Korea’s stock market history, was finalized ahead of schedule, having originally been planned from August 20 to November 19. On-chain data indicates heightened market activity as investors shift their focus toward altcoins amid broader market movements.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.