SK Hynix Announces 40 Trillion Won Share Buyback and Cancellation to Boost Shareholder Returns

SK Hynix said it will buy back and cancel 40 trillion won, equivalent to approximately 28.6 billion dollars, worth of treasury shares, in one of the largest shareholder return commitments by a South Korean company. The chipmaker framed the move as aimed specifically at share cancellation and enhancing shareholder returns, rather than holding treasury stock. The announcement follows a pledge SK Hynix made in April 2026 to expand shareholder returns through dividends, buybacks, and cancellations, and comes after the company signaled on its July 29 earnings call that it would disclose the full program.

Shares climbed as investors responded to the scale of the commitment.