[SK Hynix Plans to Repurchase and Cancel 40 Trillion Korean Won] According to reports from Cailian Press, SK Hynix plans to repurchase shares worth 40 trillion Korean won (approximately $28.6 billion). After the stock buyback, the shares will be canceled to enhance shareholder returns. Boosted by this news, SK Hynix's U.S. stock surged sharply during the night session, currently up over 1%, after previously dropping more than 3%.