SK hynix Approves ₩40tn Buyback After KOSPI Falls 5.8%

SK hynix’s board approved a ₩40 trillion repurchase and full cancellation of treasury shares on Wednesday. That is about 24.07 million shares, 3.3% of 730,492,365 issued, off Tuesday’s close of ₩1,662,000. The company said so in its share-buyback and retirement notice and a regulatory filing. Yonhap put the dollar stamp at $28.7 billion.

Purchases start 20 August and run about three months. Every acquired share is to be cancelled. The company called it the largest treasury-share cancellation by a South Korean listed firm. This is a board resolution. The shares are not yet retired.

Same-day tape. The session is closed.

The KOSPI closed at 6,471.17, down 398.66 points, or 5.80%, according to the Korea Exchange via MoneyToday. It opened at 6,528.77 (−4.96%) and printed a low of 6,400.81 (−6.83%). A sell-side sidecar hit at 09:06:02 KST, the 25th downward sidecar this year and the 48th sidecar of either side. Foreigners sold ₩3.4883 trillion. Institutions sold ₩1.3244 trillion. Retail bought ₩4.6368 trillion.

SK hynix closed 9.75% lower at ₩1.5 million. Samsung Electronics closed 7.82% lower at ₩247,500. The Nikkei finished at 65,326.42, down 2,134.31, or 3.16%. That session is over. Do not write it as a live crash.

Print	Close	Source
KOSPI	6,471.17 (−5.80%)	KRX via MoneyToday / Yonhap
SK hynix	₩1.5 million (−9.75%)	KRX via MoneyToday
Samsung Electronics	₩247,500 (−7.82%)	KRX via MoneyToday
Nikkei 225	65,326.42 (−3.16%)	Nikkei
Nasdaq	26,289.71 (−1.33%)	MoneyToday, Tuesday US cash
SOX	−4.98%	MoneyToday, Tuesday US cash

Local desks led with US chips and global yields. Tuesday’s US cash, per MoneyToday: Dow 53,343.40 (−0.22%), S&P 7,691.76 (−0.69%). MoneyToday had the US 30-year as high as 5.33%, the highest since 2007 on that stamp. Nocut had the 10-year around 4.7% and Japan’s 10-year at 2.945%.

The return target moved to over 50% of FCF

The November 2024 program was “within 50%” of 2025–2027 cumulative free cash flow. The company said it is expanding that target to “over 50%,” through buybacks and cancellations run next to cash dividends. Fixed and special dividends are under consideration. Net cash was about ₩69 trillion at the end of the second quarter, the company said.

A 25-day prospectus delivery period after the 10 July ADR listing kept the company from releasing new material around the second-quarter print, The Korea Herald wrote, citing SK hynix. That restriction ended in early August.

Scale and any extra return come after a further board decision at the third-quarter earnings release.

Informational only. Not trading advice, signals, or a guarantee of any market outcome.