Reported about 8 hours ago
SK Square, the holding company for AI chip maker SK Hynix, announced a plan to buy back and cancel shares worth 100 billion won as part of its strategy to improve shareholder value. This decision follows suggestions from hedge fund Palliser Capital to address the company's undervaluation and is in line with the South Korean government's 'Value-Up' program aimed at boosting stock prices. Despite holding a 20% stake in SK Hynix, SK Square's market value has been significantly lower than the value of its investments.
Source: YAHOO