SK hynix (KRX:000660) approved a 40 trillion won share repurchase and cancellation plan, according to a company release issued on Wednesday.
The buyback is set to begin Aug. 20 and run for about three months, the filing said.
The company also raised its shareholder-return target to more than 50% of cumulative free cash flow for 2025-2027, from the previous target of up to 50%.
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