SK Group Chairman Chey Tae-won has signaled that shares of SK hynix are poised for a long-term upward trajectory, citing robust and sustained demand for memory chips.
The chairman’s comments serve as a direct endorsement of the company’s market position, arriving shortly after the memory chipmaker’s highly anticipated initial public offering on US exchanges.
SK hynix shares surged approximately 13% on their first day of trading in the United States, a move that validated the scale of the capital raise and demonstrated strong institutional appetite for the world’s second-largest memory chip maker.
The chairman’s outlook reinforces the positive sentiment that drove the initial rally, suggesting that the post-IPO volatility may give way to steady appreciation as demand fundamentals hold firm.
The broader market reaction extended beyond SK hynix, with South Korea’s Kospi index leading regional gains on Friday.
The rally was fueled by optimism surrounding the landmark US listing, which marks a significant milestone for the South Korean conglomerate’s global expansion strategy.