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[Seoul = Nami Matsuura] South Korean semiconductor giant SK Hynix announced on the 19th that it will carry out a share buyback worth 40 trillion won (approximately 4.5 trillion yen). This is the largest ever in the Korean stock market. The company will strengthen shareholder returns by leveraging the huge profits it earned from rising demand for semiconductors. The decision was made at a board meeting on the same day. SK explained why it decided to buy back its own shares: ``Intrinsic values such as business competitiveness, cash generation ability, and medium- to long-term growth potential are not sufficiently reflected in the current stock price.'' 40 trillion won
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