SK Hynix Reportedly Set to Unveil Extra Shareholder Return Program Valued at KRW 50 - 60 Trillion
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Author:小编   

On October 26, the Seoul Economic Daily reported that SK Hynix is poised to announce an additional shareholder return program, with a value ranging from KRW 50 trillion to KRW 60 trillion (roughly equivalent to USD 35 billion to USD 42 billion). When combined with the recently concluded KRW 40 trillion stock buyback and subsequent cancellation, SK Hynix's total shareholder returns for this year are projected to hit a record KRW 100 trillion. On the 26th, industry insiders disclosed that SK Hynix will finalize this year's shareholder return program through a board resolution on the 28th and make the announcement concurrently with the release of its third-quarter financial results. Given the company's established policy of allocating over 50% of its free cash flow towards stock buybacks, buybacks coupled with cancellations, and dividend distributions, it is currently weighing the implementation of a shareholder return program with a total value between KRW 90 trillion and KRW 100 trillion.