SK Group Chairman Chey Tae-won purchased 4.8 billion won ($3.4 million) in SK hynix shares, signaling confidence after the chipmaker's steep stock decline, multiple news reports on July 30, 2026.
A corporate regulatory filing on Thursday showed that Chey acquired 3,620 common shares through open-market transactions. At Thursday's closing price, the purchase was valued at about 4.8 billion won.
The move seemingly reflected his confidence in the chipmaker amid a steep sell-off in semiconductor stocks.
SK hynix shares have fallen sharply since reaching an all-time intraday high of 2.98 million won on June 25. They closed at 1.33 million won on Thursday after the stock lost more than half its value in just over a month.
The sell-off has added to concerns about the semiconductor industry's outlook and investor sentiment.
Chey previously brushed off the recent decline in SK hynix shares.
"Demand for memory chips will continue,” Chey said. “Thus, the long-term trend is upward. Instead of buying and selling, simply holding the shares is a better way to preserve your wealth."
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