China's YMTC sets sights on Samsung, SK Hynix in race for NAND leadership - report

The combined shareholder return plans of Samsung Electronics and SK hynix, worth over 150 trillion won ($108 billion), may drive further downward pressure on the won-dollar exchange rate, according to market experts. These plans, announced by the chipmakers, include Samsung's 40 trillion won and SK hynix's 90 trillion to 110 trillion won worth of dividends and share buybacks.

This could lead to increased conversion of dollar holdings into won, potentially strengthening the won to between 1,340 and 1,350 per dollar, as projected by NH Investment & Securities. The won-dollar exchange rate recently dropped to the high 1,300-won range for the first time in 11 months, reversing a recent trend that saw it surge to 1,560 won in June.

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.