According to CoinMeta, SK hynix (Nasdaq: SKHY) announced a stock repurchase plan worth approximately $28.6 billion (40 trillion Korean won). The plan aims to repurchase and cancel up to 24.07 million ordinary shares between August 20 and November 19, which is about 3.3% of the outstanding shares. At the end of the second quarter, the company had 694 trillion Korean won in net cash, with total cash and short-term investments reaching 88 trillion Korean won, and debt reduced to 18.6 trillion Korean won. This move will help improve corporate governance and reverse the dilution effect caused by the Nasdaq listing in July.