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Wednesday, October 28, 2026 · Morning
We Being News
Wednesday, October 28, 2026 · Morning · 25 pages
Front page · Policies

Yongsan Sanho Apartment
Redevelopment to 47 stories maximum

Sanho Apartment in Yongsan-gu, Seoul is planning redevelopment to a maximum of 47 stories.

  1. 1 pagesYongsan Sanho Apartment Redevelopment to 47 stories maximumPolicies
  2. 2 pagesSpecial Prosecutor Searches Election Commission Songpa Election Documents SecuredPolitics
  3. 3 pagesSeoul National University Hospital union Full strike from the 28thSociety
  4. 4 pagesAcmere Dongtan Showhouse crowdedEconomy
  5. 5 pagesHumanities Week opens in Gyeongju Runs through November 1stCulture
  6. 6 pagesIran warns legal action against Korean shipping firmInternational
  7. 7 pagesJeju parking fee overhaul Higher in commercial areas, lower in residentialPolicies
  8. 8 pagesHomeplus Faces Electricity Bill Debt Some Stores Set for Power CutoffEconomy
  9. 9 pages152 young lawmakers support Kim Dong-a declared backedPolitics
  10. 10 pagesDemocratic Labor Federation Ulsan Lee Jang-woo vs. Yoon Jang-hyeokSociety
  11. 11 pagesTakeover bid without proof JYP stock price surges amid controversyFinance
  12. 12 pagesHistory lecturer invitation sparks controversy Education minister recommends replacing speakerSociety
  13. 13 pagesChungnam-Kongju Universities Merger 516 billion won funding cut if failedPolicies
  14. 14 pagesHanwha Ocean labor deal Base pay raised 140,000 wonEconomy
  15. 15 pagesYangyang County Fishing Vessel Safety Equipment 70% of Purchase Cost CoveredPolicies
  16. 16 pagesPet Health Festival Held in Seocho on 31stLiving
  17. 17 pagesKim Keon-hee detention extended Supreme Court issues warrantSociety
  18. 18 pagesDirector Yu Hong-jun resigns Pro-Japanese figure calligraphy controversySociety
  19. 19 pagesMajor fire in Gangnam's Guryong Village 107 residents displacedSociety
  20. 20 pagesEx-lover reported stalking Man in 40s arrested for murder a year laterSociety
  21. 21 pagesNetanyahu's fateful day Israel election extremely closeInternational
  22. 22 pagesChairman Park Hyun-joo M&A announcement on 29thEconomy
  23. 23 pagesLee Kun-hee's 6th memorial service Lee Jae-yong and family gatherEconomy
  24. 24 pagesSK Hynix completes 40 trillion won share buyback programFinance
  25. 25 pagesSK Hynix 16 trillion won Special dividend under reviewEconomy
Policies · Under review · 3 sources combinedp. 1 / 25

Yongsan Sanho Apartment
Redevelopment to 47 stories maximum

D-15 Deadline November 23 · Deadline for resident review comments
Photo: 연합뉴스

In short

Sanho Apartment in Yongsan-gu, Seoul is planning redevelopment to a maximum of 47 stories.

The number of floors increases from the existing 35-story plan, and the number of households also increases.

A public review period for resident input runs from the 23rd of this month through the 23rd of next month.

Key facts

WhenPublic resident review will be held from October 23 to November 23.
WhoSeoul's Yongsan-gu (District Head Kim Kyung-dae) has announced a revised redevelopment plan.
WhatSanho Apartment in Wonhyo-ro 4-ga will be changed from the existing 35 stories to a maximum 47 stories with 666 households.
HowThe number of floors has been increased to meet the 2040 Seoul Urban Master Plan standards, and 100 public housing units are included.

What it means for me

This redevelopment plan change directly affects the complex owners and nearby residents.

Politics · 5 sources combinedp. 2 / 25

Special Prosecutor Searches Election Commission
Songpa Election Documents Secured

Deadline Deadline October 28 · Scheduled date for Songpa-gu ballot public verification
Photo: 연합뉴스

In short

The Special Prosecutor's Office searched the handball stadium at Olympic Park in Songpa-gu.

The search is investigating the shortage of ballots during the June 3 local elections.

On the 28th, 2.47 million ballots will be publicly verified.

Key facts

WhenThe operation took place from 8:30 a.m. to 2 p.m. on the 27th.
WhoSpecial Prosecutor Lee Tae-han deployed 2 prosecutors, investigators and 12 others.
WhatElection-related documents and CCTV footage from Songpa-gu were secured.
How20 police mobile units handled security, with no clashes involving about 100 protesters.

What it means for me

This investigation concerns election management credibility, and disputes over local election results may continue.

Society · Planned · 4 sources combinedp. 3 / 25

Seoul National University Hospital union
Full strike from the 28th

Deadline Deadline October 28 · Scheduled date of Seoul National University Hospital full strike
Photo: 한겨레

In short

The Seoul National University Hospital union announced it will launch a full strike starting the 28th.

The core demand is to increase essential staff such as nurses.

The union said it will continue the indefinite strike until the hospital submits a compromise plan.

Key facts

WhenFull strike begins the 28th and will continue indefinitely until a compromise is reached.
WhoThe Seoul branch of the Healthcare Alliance of the Korean Confederation of Trade Unions' Public Service and Transport Workers' Union at Seoul National University Hospital declared the strike.
WhatDemanding staffing based on patient severity levels, increased nurse deployment, and real wage increases.
HowSixteen rounds of collective bargaining and about 20 working-level negotiations since August 4th have failed to reach agreement.

What it means for me

Patients and guardians using Seoul National University Hospital should prepare for disruptions to medical schedules from the 28th onward.

Elderly patients scheduled for regular checkups or hospitalization should check with the hospital in advance about schedule changes.

Economy · 3 sources combinedp. 4 / 25

Acmere Dongtan
Showhouse crowded

Deadline Deadline October 26 · Acmere Dongtan special allocation application start date
Photo: 한국경제

In short

An apartment showhouse opening in Dongtan, Hwaseong, Gyeonggi Province drew large crowds.

Approximately 27,000 people visited over four days from the 16th to 18th.

Subscription procedures begin with special allocation on the 26th.

Key facts

WhenThe showhouse was open for four days from Friday the 16th to Sunday the 18th.
WhereIt is located in Bansong-dong, Dongtan-gu, Hwaseong-si, Gyeonggi Province (Plot numbers 95 and 99).
WhoKB Real Estate Trust is the developer and Posco E&C is the constructor.
WhatThe complex has 1,808 units and attracted approximately 27,000 visitors over the four days.

What it means for me

Readers considering subscription should check the special allocation schedule for the 26th.

Those in their 40s working full-time may want to compare commute distance and prices near Dongtan.

Culture · 2 sources combinedp. 5 / 25

Humanities Week opens in Gyeongju
Runs through November 1st

Deadline Deadline November 1 · Last day to participate in Humanities Week closing ceremony
Photo: 프레시안

In short

Dongguk University's WISE Campus in Gyeongju is hosting a humanities event.

Various programs including Seonmudo (traditional Korean martial art) performances, tea tasting sessions, and academic conferences will follow.

On the final day, calligraphy experience will be held at Choe Bu-ja House.

Key facts

WhenIt opens October 26th and runs through November 1st.
WhereIt takes place at Dongguk University's WISE Campus in Gyeongju and Golgulsa Temple.
WhoDongguk University's WISE Campus Humanities City Project Team organizes it.
WhatIt features various programs including Seonmudo concerts, tea tasting sessions, and academic conferences.

What it means for me

It is a free humanities experience program for Gyeongju residents.

International · Planned · 3 sources combinedp. 6 / 25

Iran warns legal action
against Korean shipping firm

Deadline Deadline November 1 · Announced date for Iran's legal measures to take effect
Photo: 연합뉴스

In short

Iran has warned Korean shipping company Jang Geum Sang Sun of legal action.

All ships belonging to Jang Geum Sang Sun are subject to this from November 1.

Jang Geum Sang Sun is the top crude oil transporter through the Strait of Hormuz.

Key facts

WhenIran announced it will enforce legal measures starting November 1.
WhoIran's Persian Gulf Ports and Shipping Organization (PGSA) targeted Korean shipping company Jang Geum Sang Sun.
WhatLegal action against all ships of Jang Geum Sang Sun; at least 7 vessels have already been inspected.
HowFines, detention, and seizure have been mentioned, but specific measures have not been disclosed.

What it means for me

Immediate impact on general readers is limited, but disruption in crude oil transport could lead to oil price fluctuations.

Policies · Planned · 3 sources combinedp. 7 / 25

Jeju parking fee overhaul
Higher in commercial areas, lower in residential

D-3 Deadline November 11 · Deadline for submitting opinions on parking fee changes
Photo: 연합뉴스

In short

Jeju Island is changing public parking rates differently by region.

Parking fees will increase in busy downtown commercial areas and decrease in residential areas.

A public hearing will be held on the 28th, and ordinance amendments are planned for the first half of next year.

Key facts

WhenPublic hearing on October 28, opinion collection until November 11, ordinance amendment planned for first half of next year
Where144 public parking facilities in Jeju including commercial areas in Ido 2-dong, Nohyeong-dong, Yeon-dong, and Ora-dong
What144 fee-based public parking facilities with 10,554 spaces to be reorganized into 3 price tiers
HowGrade 1 areas 40% increase, Grade 3 areas 40% decrease, Grade 2 areas maintain current rates

What it means for me

If you use public parking in Jeju, fees may increase or decrease depending on the area.

Office workers commuting to commercial areas may face parking fee increases of up to 40%.

Self-employed business owners in commercial areas may face increased burden from higher customer parking fees.

Retirees living in residential areas could see parking fees reduced by 40%.

Economy · 2 sources combinedp. 8 / 25

Homeplus Faces Electricity Bill Debt
Some Stores Set for Power Cutoff

Deadline Deadline October 29 · Scheduled completion date for sequential power cutoff measures
Photo: 한겨레

In short

Korea Electric Power Corporation announced power cutoffs for closed Homeplus stores that have unpaid electricity bills.

Power will be cut sequentially from October 27 to 29.

Small business operators in the stores—restaurants, academies, animal hospitals, and others—are bearing the damage.

Key facts

WhenSequential power cutoffs are scheduled from October 27 to 29.
WhoKorea Electric Power Corporation is taking action against Homeplus closed stores with unpaid electricity charges.
What37 closed stores are expected to face power cutoffs, excluding 67 operating stores.
HowHomeplus failed to follow its repayment plan since receiving rehabilitation approval on September 2 and repeatedly delayed payments by two months at a time.

What it means for me

Local residents using Homeplus stores should be aware of potential business closures from tenant stores.

Small business tenants in Homeplus stores may face inability to operate due to power cutoffs and difficulty recovering their investment.

Politics · 2 sources combinedp. 9 / 25

152 young lawmakers support
Kim Dong-a declared backed

Deadline Deadline November 3 · National youth committee chair election voting deadline
Photo: 헤럴드경제

In short

152 young lawmakers from the Democratic Party in the Seoul metropolitan area declared support for lawmaker Kim Dong-a.

They held an official press conference at the National Assembly on the 27th.

The national youth committee chair election will be held from November 1st to 3rd.

Key facts

WhenA press conference was held at the National Assembly Communication Center in Yeouido, Seoul on the afternoon of the 27th.
Who152 young lawmakers from the Democratic Party in Seoul, Gyeonggi, and Incheon participated, including city and county-level council members.
WhatThey officially declared support for lawmaker Kim Dong-a as a candidate for national youth committee chair.
HowOf 206 total lawmakers, 152 participated, including 49 city/provincial council members and 103 county-level council members.

What it means for me

If you are not a Democratic Party member, this is unrelated to voting or internal party elections.

Society · 2 sources combinedp. 10 / 25

Democratic Labor Federation Ulsan
Lee Jang-woo vs. Yoon Jang-hyeok

D-17 Deadline November 25 · Democratic Labor Federation Ulsan Headquarters Chairman Election Voting Deadline
Photo: 연합뉴스

In short

The election for Democratic Labor Federation Ulsan Regional Headquarters chairman will be held as a two-way race.

Candidate Lee Jang-woo and candidate Yoon Jang-hyeok each formed teams to run.

Voting will take place from November 19 to 25 through in-person and electronic voting.

Key facts

WhenVoting will be held over 7 days from November 19 to 25.
WhoPublic Service and Transportation Workers' Union candidate Lee Jang-woo faces Metal Workers' Union candidate Yoon Jang-hyeok.
What67,617 voters in Ulsan region will elect the headquarters leadership.
HowA candidate is elected with over half attendance turnout and over half of votes cast.

What it means for me

Democratic Labor Federation Ulsan members should check the voting schedule.

Finance · Under review · 2 sources combinedp. 11 / 25

Takeover bid without proof
JYP stock price surges amid controversy

D-12 Deadline November 20 · Target date for takeover launch

In short

A Japan-based investment group announced plans to acquire a stake in JYP Entertainment.

However, there is no documentation showing how they will secure the funding.

Authorities are investigating the possibility of unfair trading, where false announcements were used to drive up the stock price.

Key facts

WhenNews of the takeover bid surfaced on October 26, 2026, in the afternoon.
WhoJapan-based 'Nexrock Group' and its affiliate 'SVCV' announced the takeover bid.
WhatThey stated they would acquire a 25–50% stake in JYP Entertainment at a 30% premium to the base share price.
HowThey distributed only a press release without financial proof, targeting a takeover launch by the 20th of next month.

What it means for me

Caution is advised when investing amid stock price increases driven by unconfirmed takeover bids.

Society · Under review · 2 sources combinedp. 12 / 25

History lecturer invitation sparks controversy
Education minister recommends replacing speaker

Deadline Deadline October 28 · Scheduled lecture date
Photo: 연합뉴스

In short

On October 28, Gyeonggi Province Office of Education will hold a special lecture for teachers and parents at the South Headquarters auditorium.

Invited lecturer Hwang Hyun-pil, director of the Institute for Correcting Korean History, faced controversy over past statements related to the Korean War.

The Education Minister said he would recommend replacing the lecturer to Gyeonggi Education Superintendent An Min-seok.

Key facts

WhenA celebrity lecture will be held on the 28th at the auditorium of Gyeonggi Province South Headquarters.
WhoGyeonggi Office of Education invited Hwang Hyun-pil, director of the Institute for Correcting Korean History, as the speaker.
WhatDirector Hwang will lecture on the theme of 'History as History, Education as Education.'
HowDespite some teacher opposition, the education office maintains its plan to proceed; the Education Minister said he would recommend replacing the speaker.

What it means for me

Parents and teachers will continue to watch for debate over the neutrality of public education lecture content.

Policies · Planned · 2 sources combinedp. 13 / 25

Chungnam-Kongju Universities Merger
516 billion won funding cut if failed

D-53 Deadline December 31 · Deadline for Glocal University merger application submission
Photo: 연합뉴스

In short

The merger decision between Chungnam National University and Kongju National University will be made this week.

If the merger falls through, 51.6 billion won in Glocal University project funding will be cut.

President Kim Jeong-gyeom will announce either a re-vote or abandonment of the merger.

Key facts

WhenAs early as October 28, President Kim Jeong-gyeom will announce whether to proceed with the merger.
WhoThe merger proposal was rejected in a vote by Chungnam National University members, and a decision is pending.
WhatIf the merger application is not submitted by December 31, 51.6 billion won in project funding will be reduced.
HowOptions being discussed include re-voting on the existing plan or abandoning the merger.

What it means for me

Chungnam and Kongju University students and staff must continue to monitor academic operations and the merger decision.

Economy · Planned · 2 sources combinedp. 14 / 25

Hanwha Ocean labor deal
Base pay raised 140,000 won

Deadline Deadline October 29 · Final settlement to be decided by union member vote
Photo: 연합뉴스

In short

Hanwha Ocean management and labor reached a tentative wage and collective bargaining agreement this year.

They agreed to raise base pay by 140,000 won and provide a one-time payment of 8.5 million won.

Final settlement will be decided by a union member vote on the 29th.

Key facts

WhenA tentative agreement was reached at the 30th round of negotiations on the afternoon of the 27th.
WhoHanwha Ocean management and the Metal Workers' Union Hanwha Ocean branch negotiated.
WhatBase pay increase of 140,000 won, one-time payment of 8.5 million won, and welfare points of 1 million won, among others.
HowFinal settlement will be decided through a general assembly vote on the 29th after delegate review and briefing on the 28th.

What it means for me

Wage and welfare changes directly affect Hanwha Ocean union members and their families.

Policies · 2 sources combinedp. 15 / 25

Yangyang County Fishing Vessel Safety Equipment
70% of Purchase Cost Covered

D-1 Deadline November 9 · Application Deadline for Fishing Vessel Safety Equipment Subsidy Program
Photo: 연합뉴스

In short

Yangyang County in Gangwon Province is providing subsidies for fishing vessel safety equipment purchases.

This is a measure to prevent accidents on single-operator fishing vessels.

Those who apply by November 9 can receive 70% of the purchase cost.

Key facts

WhenThe application deadline is November 9.
WhoThe program targets 100 fishing vessels licensed to operate in nearby coastal waters within the county.
WhatThe subsidy covers 70% of the cost to purchase and install safety equipment such as fishing vessel CCTV, thermal protective suits, and life ladders.
HowSubmit an application form and required documents to the Marine and Fisheries Division, Fisheries Support Team at Yangyang County Office.

What it means for me

Fishermen who own nearby coastal fishing vessels in the county can receive purchase cost subsidies for safety equipment.

Fishermen operating alone as single operators are included as priority applicants.

Living · 2 sources combinedp. 16 / 25

Pet Health Festival
Held in Seocho on 31st

Deadline Deadline October 31 · Wellness Pet Star event day

In short

Seocho-gu will hold a pet health festival on October 31st.

You can experience CPR training, fitness, and nutrition counseling for free.

Toy-making, camping zones, and photo zones will also operate.

Key facts

WhenIt runs from 1 p.m. to 5 p.m. on October 31st.
WhereIt takes place at Seocho Culture and Arts Park's lawn plaza.
WhoSeoul Seocho-gu (District Chief Jeon Seong-su) is hosting it.
WhatThe 2026 Seocho Wellness Pet Star event offers pet dog health experience programs.

What it means for me

Families with pets can enjoy free experience activities.

Society · 12 sources combinedp. 17 / 25

Kim Keon-hee detention extended
Supreme Court issues warrant

Photo: 한국경제

In short

The Supreme Court has extended Kim Keon-hee's detention by two additional months.

Her original detention was scheduled to end on October 31.

The Supreme Court cited concerns about destruction of evidence and risk of flight.

Key facts

WhenA detention warrant review hearing was held at the Supreme Court on the afternoon of the 27th.
WhoThe Supreme Court's Second Division (presiding judge O Kyung-mi) conducted the hearing.
WhatAn additional detention warrant was issued for Kim Keon-hee, extending her detention period by two months.
HowThe warrant was issued ex officio on grounds of concerns about destruction of evidence and risk of flight.

What it means for me

No direct impact on daily life, but this is a matter drawing attention as a major court proceedings development.

Society · 11 sources combinedp. 18 / 25

Director Yu Hong-jun resigns
Pro-Japanese figure calligraphy controversy

Photo: 연합뉴스

In short

Yu Hong-jun, director of the National Museum of Korea, announced he will step down due to a controversy over collection items.

The problem arose when calligraphy by a pro-Japanese collaborator was mistakenly introduced as work by an independence activist.

President Lee Jae-myung accepted Director Yu's resignation on the 21st.

Key facts

WhenDirector Yu Hong-jun announced his resignation on the 21st, and President Lee Jae-myung accepted it the same day.
WhoYu Hong-jun, director of the National Museum of Korea, took responsibility and decided to step down.
WhatA privately owned calligraphy piece titled 'Ilbansiguk-eun' was exhibited in a special exhibition, and the writing by a pro-Japanese collaborator was mistakenly presented as work by an independence activist.
HowTwo days after facing criticism at a parliamentary audit on the 19th over verification procedures and the non-disclosure of the collection holder, he resigned.

What it means for me

Readers interested in the credibility of national museum exhibition verification should watch for follow-up measures.

Society · 6 sources combinedp. 19 / 25

Major fire in Gangnam's Guryong Village
107 residents displaced

Photo: 연합뉴스

In short

A large fire broke out in Guryong Village, Gangnam-gu, Seoul on the afternoon of the 27th.

It was an area with densely packed temporary structures where fire could spread rapidly.

Seoul Mayor Oh Se-hoon rushed to the scene to check firefighting efforts.

Key facts

WhenA fire broke out in a temporary structure in Guryong Village District 2 at 3:49 p.m. on the 27th.
WhereGuryong Village in Gaepo-dong, Gangnam-gu, Seoul, in the area of District 2 with densely packed temporary structures.
WhoSeoul Mayor Oh Se-hoon cancelled a dinner and went to the scene to direct operations.
WhatFirefighting efforts involved 232 personnel and 110 pieces of equipment including 6 helicopters.

What it means for me

Residents near Guryong Village should check the locations of evacuation centers and support procedures.

Society · 6 sources combinedp. 20 / 25

Ex-lover reported stalking
Man in 40s arrested for murder a year later

Photo: 연합뉴스

In short

A man in his 40s who murdered his ex-lover in Daejeon has been arrested.

The victim had reported the man for stalking a year ago.

At that time, she did not want him to be punished, so the case was closed.

Key facts

WhenThe crime occurred on October 24, and an arrest warrant was issued on October 27.
WhoMan A in his 40s, a former romantic partner, committed the crime against Woman B in her 40s.
What happenedHe assaulted B, strangled her to death, and fled to Gangneung.
HowThe court issued an arrest warrant citing risk of flight.

What it means for me

Even after reporting dating or stalking abuse, it is necessary to double-check whether protective measures remain in place.

International · Planned · 8 sources combinedp. 21 / 25

Netanyahu's fateful day
Israel election extremely close

Photo: 연합뉴스

In short

Israel held its first general election on the 27th since the Gaza war.

Prime Minister Netanyahu's camp and former Chief of Staff Eisenkot's camp fought an extremely tight race.

Both sides are expected to fall short of a majority, making coalition formation time-consuming.

Key facts

WhenVoting began at 7 a.m. on the 27th (local time), with official results to be announced on November 4th.
WhoPrime Minister Netanyahu and former Chief of Staff Gadi Eisenkot led the two opposing camps.
WhatRuling party projected at 50-51 seats, opposition at 52-56 seats... both sides expected to fall short of majority's 61 seats.
HowVoter turnout at 4 p.m. reached 55.7%, the highest since 1973; coalition formation could take dozens of days.

What it means for me

Changes in Middle East affairs could affect international oil prices and security situations, warranting close attention.

Economy · Planned · 6 sources combinedp. 22 / 25

Chairman Park Hyun-joo
M&A announcement on 29th

Photo: 한국경제

In short

Chairman Park Hyun-joo of Mirae Asset Group announced he will unveil an acquisition and merger of an Asia-Pacific securities firm on the 29th.

He said semiconductor price increases may continue, making the peak theory likely to be wrong.

He warned that leveraged ETFs and high-ratio cryptocurrency investments carry significant loss risks.

Key facts

WhenHe made the remarks at a special lecture held on the 27th at Kyung Hee University's Seoul Campus in Seoul.
WhoChairman and Global Strategist Park Hyun-joo of Mirae Asset Group made the statement.
WhatHe plans to hold a board meeting on the 29th to announce the acquisition and merger of an Asia-Pacific securities firm.
HowHe explained that the acquisition of a Chinese financial company will also be completed within this year.

What it means for me

Readers interested in semiconductors and financial stocks should watch this M&A result and the debate over peak theory.

Office workers managing retirement funds through ETFs should note the risks of leveraged products.

If you are managing retirement funds, you can reference remarks on semiconductor and real estate outlooks.

Economy · 7 sources combinedp. 23 / 25

Lee Kun-hee's 6th memorial service
Lee Jae-yong and family gather

Photo: 연합뉴스

In short

The 6th memorial service for late Samsung Honorary Chairman Lee Kun-hee was held.

Chairman Lee Jae-yong returned from an overseas trip and visited the grave immediately.

About 50 Samsung affiliate executives also attended to pay respects.

Key facts

WhenIt was held on the morning of October 23, 2026, at the family cemetery in Suwon, Gyeonggi Province. The service was held two days early because the actual date of October 25 falls on a Sunday.
WhoSamsung Electronics Chairman Lee Jae-yong and about 50 affiliate executives including Jeon Young-hyun and Noh Tae-moon attended.
WhatThe 6th memorial service for late Samsung Honorary Chairman Lee Kun-hee was held to pay respects to the deceased.
HowChairman Lee returned from his UAE business trip and went straight to the grave, where he bowed twice and stood in silent tribute. He then had lunch with the presidents of Samsung divisions.

What it means for me

It serves as a reference for investors and industry officials watching Samsung Group's management system and future actions.

Finance · 7 sources combinedp. 24 / 25

SK Hynix completes 40 trillion won
share buyback program

Photo: 연합뉴스

In short

SK Hynix has completed purchasing 40 trillion won worth of its own company shares.

All purchased shares will be cancelled.

The company finished one month ahead of the original schedule.

Key facts

WhenThe buyback was completed on the 21st. The original deadline was November 19th, but it was moved up by one month.
WhoSK Hynix conducted the buyback over two months starting August 20th.
WhatThe company acquired 24.07 million shares of its own stock at a cost of 40.434 trillion won.
HowThis represents approximately 3.3% of issued shares and is the largest share cancellation program by a domestic listed company. All acquired shares will be cancelled.

What it means for me

Investors holding SK Hynix shares should pay attention to future stock price movements and the announcement on the 28th.

Economy · Under review · 6 sources combinedp. 25 / 25

SK Hynix 16 trillion won
Special dividend under review

Photo: 한국경제

In short

SK Hynix sold its stake in Japanese Kioxia and made a large profit.

Reports say the company could distribute a significant portion of this profit as a special dividend.

The company said nothing is confirmed yet and will announce details at its earnings report on the 28th.

Key facts

WhenThe company will announce its shareholder return plan at its Q3 earnings report on the 28th.
WhoSK Hynix is using proceeds from selling its stake in Japanese NAND flash maker Kioxia.
WhatA special dividend of around 16 trillion won, or 80% of the roughly 20 trillion won in sale proceeds, is being discussed.
HowThe company is reviewing whether to pay it in installments and says nothing is confirmed yet.

What it means for me

SK Hynix shareholders should check the dividend size at the earnings report on the 28th.

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Contents of this edition
1 pagesYongsan Sanho Apartment Redevelopment to 47 stories maximum2 pagesSpecial Prosecutor Searches Election Commission Songpa Election Documents Secured3 pagesSeoul National University Hospital union Full strike from the 28th4 pagesAcmere Dongtan Showhouse crowded5 pagesHumanities Week opens in Gyeongju Runs through November 1st6 pagesIran warns legal action against Korean shipping firm7 pagesJeju parking fee overhaul Higher in commercial areas, lower in residential8 pagesHomeplus Faces Electricity Bill Debt Some Stores Set for Power Cutoff9 pages152 young lawmakers support Kim Dong-a declared backed10 pagesDemocratic Labor Federation Ulsan Lee Jang-woo vs. Yoon Jang-hyeok11 pagesTakeover bid without proof JYP stock price surges amid controversy12 pagesHistory lecturer invitation sparks controversy Education minister recommends replacing speaker13 pagesChungnam-Kongju Universities Merger 516 billion won funding cut if failed14 pagesHanwha Ocean labor deal Base pay raised 140,000 won15 pagesYangyang County Fishing Vessel Safety Equipment 70% of Purchase Cost Covered16 pagesPet Health Festival Held in Seocho on 31st17 pagesKim Keon-hee detention extended Supreme Court issues warrant18 pagesDirector Yu Hong-jun resigns Pro-Japanese figure calligraphy controversy19 pagesMajor fire in Gangnam's Guryong Village 107 residents displaced20 pagesEx-lover reported stalking Man in 40s arrested for murder a year later21 pagesNetanyahu's fateful day Israel election extremely close22 pagesChairman Park Hyun-joo M&A announcement on 29th23 pagesLee Kun-hee's 6th memorial service Lee Jae-yong and family gather24 pagesSK Hynix completes 40 trillion won share buyback program25 pagesSK Hynix 16 trillion won Special dividend under review