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.

November 21, 2024
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