SK Hynix will buy back $28.6bn of its own shares, the biggest repurchase in Korean corporate history

SK Hynix will buy back 40 trillion won of its own stock, about $28.6bn at prevailing exchange rates, in what Korean media are calling the largest repurchase ever announced by a listed company in the country. The board approved the programme on Wednesday and every share bought will be cancelled outright rather than held in treasury. The […] This story continues at The Next Web