Earned 500 Million Won With Samsung and SK hynix: High School Graduate Troubled as Older Sister Demands 50 Million Won for Wedding Fund

Older Sister Demands Wedding Fund After Learning of Stock Profits
"Should I Help Her When Even Our Parents Won't?"

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As the rally in semiconductor stocks led by Samsung Electronics and SK hynix continues, a story has emerged of a woman who earned 500 million won by investing in these two stocks, only to find herself troubled because her older sister, having learned of her windfall, is now demanding a share of the money.

On June 23, various social networking services (SNS) saw the rapid spread of a post titled: "I made 500 million won with SK hynix and Samsung Electronics, but now my older sister wants me to help pay for her wedding."

"Why Me?"... Conflict Over Wedding Fund Request

The author, Ms. A, wrote, "I graduated from high school and worked at a factory, saving 130 million won over 10 years. I invested it in stocks, and now it's grown to nearly 500 million won." She continued, "My family is not wealthy, and my sister kept asking to borrow money, so I told her it was all tied up in stocks and I had no plans to cash out. That was last November, but since then, SK hynix and Samsung Electronics have soared."

She went on, "So now my sister, knowing that my assets have increased, is asking me to sell just 50 million won worth and help her with her wedding." Ms. A added, "I don't understand why I should have to do that, but my sister says, 'Our parents aren't helping me, and you know how tough things have been for both of us—can't you at least do that much?' Would anyone else do this for their sibling?" She also mentioned that her sister's total assets amounted to about 30 million won.

Image to assist in understanding the article. The Asia Business Daily DB

Reactions from netizens who read the story were divided. Most comments were negative, such as, "Absolutely don't give her the money," "It's shameless for the sister to ask when the younger sibling didn't offer first," "50 million won is a lot of money," and "Think about your own wedding fund first." However, some people suggested, "If the sister has always been good to you and you are close, that much support is possible."

The '300-nix' Era Begins... SK hynix Hits 3 Million KRW in Pre-Market Trading

Meanwhile, on the morning of June 23, SK hynix surpassed 3 million won in pre-market trading, ushering in the so-called "300-nix" era. That day, SK hynix's share price jumped 2.84% in the pre-market session, reaching as high as 3,002,000 won.

The previous day, SK hynix had surged nearly 6% to close, surpassing Samsung Electronics (common shares) to claim the top spot in KOSPI market capitalization. However, when preferred shares are included, Samsung Electronics still maintains the highest overall market capitalization.

Image to assist in understanding the article. Photo by The Asia Business Daily DB

Market analysts believe that growing demand for artificial intelligence (AI), particularly for high-bandwidth memory (HBM), has fueled investor sentiment. In addition, expectations surrounding the listing of American Depositary Receipts (ADRs) are being cited as another factor driving the share price higher.

Securities Firms Continue to Raise Target Prices

As expectations for an upturn in the semiconductor industry grow, major securities firms are one after another raising their outlooks for Samsung Electronics and SK hynix. IM Securities increased its forecast for this year’s DRAM demand growth rate from 26.2% to 28.0%, projecting Samsung Electronics' annual operating profit to surge 680% year-on-year to 34 trillion won. Accordingly, the target share price was raised to 480,000 won.

SK hynix is also projected to post record operating profit of 26.1 trillion won this year. Some securities firms, reflecting the valuations of global competitors, suggested a fair value for the share price as high as 4.3 million won.

This content was produced with the assistance of AI translation services.