South Korean stocks opened sharply higher on the 27th, with investors welcoming reports that SK hynix is expected to announce a shareholder-return program. Attention focused on the company following the previous day’s gains in U.S. semiconductor stocks.
On the 27th, South Korea’s benchmark stock index, the KOSPI, opened with a sharp rebound. It temporarily rose into the 4% range during trading, with buying leading the market amid the continued strength of U.S. semiconductor stocks.
By the morning of the 27th, South Korean media had reported expectations that SK hynix would announce a large shareholder-return program at its earnings announcement on the 28th, reportedly easing investor caution.
According to the reports, SK hynix is considering shareholder returns, including share buybacks, with a potential buyback of approximately KRW 50 trillion to KRW 60 trillion cited as a specific figure.
Market participants are reportedly watching developments while awaiting details of the shareholder-return program ahead of the earnings announcement. Attention is also focused on the market’s response to capital allocation and dividend policy in South Korea going forward.