SK Square is experiencing a 5% increase in share prices amid expectations of expanded shareholder returns from SK Hynix.
According to the Korea Exchange, as of 10:30 a.m. on June 17, SK Square shares rose by 75,000 won (5.00%) to 1,576,000 won. The stock opened at 1,534,000 won, up 2.20%, and reached an intraday high of 1,612,000 won, setting a new 52-week record.
The rise in stock prices is attributed to heightened speculation regarding SK Hynix's potential for increased shareholder returns. Financial analysts report that SK Hynix is currently reviewing a large-scale shareholder return plan. SK Square holds approximately 20% of SK Hynix's shares, making it a direct beneficiary of any expansion in dividends or shareholder returns.
However, SK Hynix stated in a public announcement the previous day that while it is considering various shareholder return options to enhance shareholder value, no specific details regarding the scale of these returns have been finalized.
Despite this, the securities market remains optimistic about SK Square's potential benefits. Choi Kwan-soon, a researcher at SK Securities, noted in a report that "the direct benefits from expanded shareholder returns due to SK Hynix's performance improvement, which is expected to begin this year, are anticipated."
Choi added, "SK Square has announced plans for 200 billion won in cash dividends and 40 billion won in share buybacks for shareholder returns in 2026," and predicted that if SK Hynix increases its dividends, expectations for enhanced shareholder returns from SK Square will also rise.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.