During a live broadcast, economic YouTuber Shuka captured the moment SK Group Chairman Chey Tae-won made a significant stock purchase of SK Hynix, sparking widespread interest.
On July 30, Shuka hosted a live stream on his YouTube channel to discuss the stock market's closing. As the market was about to close, he noticed a large buy order for SK Hynix and expressed his surprise.
Shuka exclaimed, "Wow, someone just bought 3,600 shares in one go! That's impressive! I can't even calculate how much that is!" He continued to marvel at the size of the purchase.
Initially, the identity of the buyer was unknown, but it was later confirmed through the Financial Supervisory Service's electronic disclosure system that the buyer was indeed Chey Tae-won.
According to the disclosure on July 30, SK Hynix reported that Chairman Chey purchased 3,620 common shares. Based on the closing price of 1,322,000 won on that day, the total purchase amount is approximately 4.785 billion won, although the actual acquisition cost may vary based on the market price at the time of the transaction.
This marks the first instance of Chairman Chey directly acquiring shares of SK Hynix. The largest shareholder of SK Hynix is SK Square, which holds a 20% stake, and prior to this purchase, Chairman Chey did not own any shares directly.
The market is paying close attention to the fact that the head of the group has made a direct purchase of shares in a key subsidiary. Typically, such buybacks by executives are interpreted as a sign of confidence in the company's value and a commitment to responsible management, although it is also noted that this does not guarantee future stock price increases.
Reactions from netizens included comments like, "Real-time intuition is hilarious," "He could have bought more if he was doing well," "Chey Tae-won," and "Isn't he overextending himself given the current earnings?" Others speculated that the stock would definitely rise when the market opened, with comments like, "The buy sidecar is confirmed for today," and "Is Chey Tae-won's average purchase price 1,398,000 won?"
* This article has been translated by AI.
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