SK Group Chairman Says SK hynix Shares Likely to Trend Upward Long Term

SK Group Chairman Chey Tae-won said on July 17 that shares of SK hynix Inc. are likely to trend upward over the long term because of sustained demand for memory chips. Chey, who also serves as chairman of the Korea Chamber of Commerce and Industry, spoke at a KCCI forum on the southern island of Jeju.

"I don't know where the stock price will be next month, but holding onto the shares rather than buying and selling them frequently is a good way to preserve your wealth," he said. "Memory chips will continue to be needed, so their value will trend upward over time," Chey added. Shares of SK hynix listed on the KOSPI have nearly tripled since the beginning of 2026.

The stock closed at 1,842,000 won (US$1,243) on July 16 after dropping 11.53 percent that day. SK hynix established leadership in the high bandwidth memory market by moving early into the technology and becoming a key supplier to Nvidia Corp. as demand for artificial intelligence accelerators surged.

The strategy produced record earnings and allowed the company to overtake Samsung Electronics Co. to become South Korea's most valuable listed company by market capitalization for the first time in 25 years.