SK Hynix Stocks: Chey Tae-won Urges Long-Term Hold Amid Chip Shortage

SK Group Chairman Chey Tae-won recently advised shareholders to hold SK Hynix stocks long-term rather than trading them, describing the global memory semiconductor shortage as 'pandemonium' due to intense demand. Chey stated the company faces enormous lobbying and pressure from customers requesting memory chips. The chairman announced plans to build semiconductor factories globally, including a 400 trillion won investment in the Honam region and potential expansion to the United States, projecting next year's semiconductor demand will increase by over 50 percent. The comments come amid a global semiconductor supply crunch affecting multiple industries.

SK Group Plans Global Semiconductor Factory Expansion

Chey Tae-won stated SK will build semiconductor factories in all possible locations worldwide. The chairman specifically mentioned the Honam region, where 400 trillion won will be invested, and requested the government actively support infrastructure development for the project. When US Commerce Secretary Howard Lutnick requested increased investment in America, Chey responded that SK could build factories in the United States as well.

Chey Addresses SK Hynix Performance Bonus Controversy

Regarding the performance bonus controversy that originated at SK Hynix, Chey acknowledged both positive impacts of large-scale performance bonuses while emphasizing they cannot harm stakeholder interests. "If it causes problems for stakeholders, we cannot continue this," Chey stated, leaving open the possibility of adjusting the system. He added, "Let's watch a little more."

SK Group Chairman Responds to Government Profit Distribution Proposal

Chey took a cautious stance on the government's proposed excess profit distribution policy, stating the concept is not clearly defined.

FAQ

What did SK Group Chairman Chey Tae-won say about SK Hynix stocks? Chey Tae-won advised shareholders to hold SK Hynix stocks long-term rather than buying and selling them.

Why did Chey Tae-won describe the semiconductor situation as 'pandemonium'? Chey used the term to describe the intense global demand for memory semiconductors, stating the company faces enormous lobbying and pressure from customers requesting chips.

Where does SK Group plan to build new semiconductor factories? SK Group plans to build factories globally in all possible locations, specifically mentioning the Honam region (with 400 trillion won investment) and the United States.