SK Hynix completes KRW 40 trillion share buyback, cancelling 3.3% of its stock
SK Hynix (000660.KS) finished a KRW 40 trillion treasury‑stock repurchase on October 21, a month ahead of the originally scheduled November 19 deadline. The program bought back 24.07 million shares, representing about 3.3% of the company’s issued shares, and the shares will be cancelled. The company said it will disclose further shareholder‑return measures when it reports its third‑quarter results on October 28.
Why it matters
The cancellation of 3.3% of outstanding shares reduces the float, which could tighten supply and support the stock price. The end of the buyback removes a major source of demand that had helped absorb foreign selling in South Korea’s semiconductor sector, leaving the market to find new buyers.
Key facts
- 1SK Hynix completed a KRW 40 trillion share buyback on October 21, 2026. en.sedaily.com
- 2The program acquired 24.07 million shares, about 3.3% of issued shares. en.sedaily.com
- 3The buyback was originally scheduled to run until November 19, 2026, but ended about a month early. en.sedaily.com
- 4The repurchase period began on August 20, 2026. en.sedaily.com
- 5SK Hynix will announce additional shareholder‑return measures with its Q3 earnings on October 28, 2026. en.sedaily.com
- 6The buyback amount of KRW 40 trillion is the largest treasury‑stock cancellation by value among South Korean listed companies. en.sedaily.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.