SK Hynix says it will repurchase about 40 trillion won (around US$28.6–$29 billion) worth of its own shares and cancel the treasury shares, as part of a plan approved by its board. Multiple outlets report the buyback is executed through open-market purchases over roughly three months, with the company stating it will begin buying shortly and complete the programme by Nov. 19.
The specific details described across reports include the planned purchase of up to about 24.07 million common shares, representing about 3.3% of SK Hynix’s roughly 730 million outstanding shares. Reporting also agrees that every share bought will be cancelled rather than held as treasury stock, aligning the action with capital efficiency and shareholder return measures. Some outlets frame it as record-sized for Korea, highlighting its scale amid a chip-sector downturn, while others focus more on the company’s stated rationale.
Several reports also note that SK Hynix links the buyback with a broader shareholder return approach, including consideration of higher regular and special dividends, and a renewed policy to return up to 50% of cumulative free cash flow from 2025 to 2027. Sources present the actions as corporate governance decisions rather than responses to a single event.
