SK Hynix denies report of 1 quadrillion won shareholder return plan

SK Hynix said on June 16 that it is considering various ways to enhance shareholder value but denied discussing a shareholder return plan on the scale cited in market rumors. The response followed reports that, after an ADR listing expected in mid-July, the company could launch a fourth-quarter capital return program combining share buybacks and cash dividends. Earlier local media reports had cited a plan of up to KRW 100 trillion and said the ADR issuance had been trimmed from 2.4% of outstanding shares to just above 2% to ease dilution concerns, potentially raising about KRW 40 trillion. SK Hynix said it has never discussed the specific scale or other details mentioned in the rumor.

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