SK hynix Shares Surge After Company Unveils 40 Trillion Won Buyback

SK hynix headquarters in Icheon, Gyeonggi Province, South Korea. SK hynix shares jumped more than 8% in early trading on Aug. 20 after the chipmaker announced plans to buy back and retire 40 trillion won worth of its own shares, unveiling one of the most aggressive shareholder-return programs ever announced by a South Korean company. SK hynix said the previous day that it would repurchase 24.07…