SK Hynix completes KRW 40 trillion share buyback and cancellation, ending the buyback about a month early

October 21, according to Yonhap News Agency, following Samsung Electronics, SK Hynix's large-scale share buyback ended on the 21st.

SK Hynix stated that on that day, it completed a two-month share buyback worth 40 trillion won on the Korea Exchange (KOSPI). Previously, SK Hynix announced it would invest 40.0434 trillion won to buy back 24.07 million shares of the company, which will all be cancelled after the buyback is completed, accounting for approximately 3.3% of the total issued shares, marking the largest share cancellation operation by a South Korean listed company. The original buyback period was from August 20 to November 19, but it was actually completed about a month ahead of schedule.