SK Hynix completed its 40 trillion won share buyback program on October 21, finishing approximately one month ahead of the originally scheduled November 19 deadline. The two-month repurchase on the Korea Exchange (KOSPI) involved acquiring 24.07 million company shares for cancellation.
The buyback represents roughly 3.3% of SK Hynix's total issued shares, marking the largest share cancellation operation by a Korean listed company. The completion follows Samsung Electronics' recent conclusion of its own large-scale share buyback initiative.
SK Hynix Completes Record 40 Trillion Won Share Buyback Ahead of Schedule
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