Korean chipmakers face growing calls to improve shareholder returns
Samsung Electronics and SK hynix are facing growing expectations of sizable shareholder return policies, as investors increasingly call for measures that could provide fresh momentum for their share prices. Samsung Electronics shares closed at 231,000 won ($163.20) on Aug. 7, down about 36.3 percent from their peak closing price of 362,500 won on June 18. SK hynix shares ended at 1.422 million…
Samsung Electronics and SK hynix, two leading Korean chipmakers, are under increasing pressure to devise strategies to boost shareholder returns. This comes after their shares experienced significant declines last month. Samsung's stock fell by around 36.3% from its June 18 peak of 362,500 won, trading at 231,000 won as of Aug. 7.
SK hynix's shares declined by approximately 51.3% from their June 22 high of 2.919 million won, ending at 1.422 million won on Aug. 7. While the recent downturn has somewhat stabilized, the stocks have remained range-bound, trading within a relatively narrow band. As of Monday, the two companies closed at 230,000 won and 1.42 million won, down 0.43% and 0.14% from the previous trading session.
Despite posting record earnings in the second quarter, investors are eagerly awaiting fresh momentum to propel the companies' share prices higher. Analysts believe that large-scale shareholder return plans, possibly announced soon, could help reinvigorate investor interest.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Korean chipmakers face growing calls to improve shareholder returns koreatimes.co.kr
