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$SK hynix(SKHY)$ SK hynix is announcing a KRW 40 trillion share buyback and cancellation program, and it's being described as the largest share cancellation in Korean history. The key part is that these shares are cancelled, not just held as treasury stock, so that permanently reduces the share count. The company is also targeting more than 50% of free cash flow returned to shareholders, combining dividends and buybacks.

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