SK Square plans share buybacks and adds independent director to boost value, aligning with South Korea’s "Value-Up" program.

SK Square, the holding company of South Korean AI chip maker SK Hynix, plans to buy back shares and nominate an independent director to boost shareholder value. This follows a suggestion by London hedge fund Palliser Capital and aligns with South Korea's government's "Value-Up" program to lift stock prices. The company aims to cancel 100 billion won worth of shares and repurchase another 100 billion won worth over the next three months.

4 months ago
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