"Who Bought 3,600 Shares of SK Hynix at Once?" Shuka Witnesses Choi Taewon's 4.8 Billion Won Purchase Live

Witnesses 3,619 Shares Executed at Once During Live Broadcast
Speculation Mounts as Chey Tae-won's Purchase Disclosure Appears
Turns Out Actual Transaction Price and Date Differ

Economic YouTuber Shuka, who has 3.72 million subscribers, is drawing attention after he captured the moment when about 3,600 shares of SK hynix were executed at once during a live broadcast.

On July 30, Shuka released a video on his YouTube channel "Shuka World" under the title "Shuka Witnesses a Historic Moment (Hello, Chairman of SK)," which showcased the incident.

Economic YouTuber Shuka captured the moment when about 3,600 shares of SK hynix stocks were all executed at once during a live broadcast. YouTube Shuka World

Mass Purchase: 3,619 Shares of SK hynix at 1.4 Million Won Per Share

The video shows Shuka hosting a live stock market commentary just before the market closed on July 29. He was observing SK hynix’s order book when someone bought 3,619 shares of SK hynix, amounting to approximately 4.8 billion won, in a single transaction at 1.4 million won per share.

Upon witnessing the event, Shuka expressed his astonishment, saying, "Someone just bought 3,600 at once."

Afterwards, a disclosure was posted stating that Chairman Choi purchased 3,620 shares of SK hynix through a regular market transaction. Online, speculation grew that the massive buy Shuka caught on camera was made by Chairman Choi.

However, the trade in the video took place on July 29, while the disclosure states that Chairman Choi’s share acquisition date was July 30. There is also a discrepancy in the quantities: 3,619 shares versus 3,620 shares. Therefore, it cannot be conclusively determined that the two transactions are the same.

If the trade shown in the video is calculated based on the price of 1.4 million won per share, the transaction amount is about 5.067 billion won. Chairman Choi’s average purchase price, however, is known to be 1,353,677 won per share, so there is also a difference in both the price and purchase amount. Using the average acquisition cost per share, Chairman Choi’s purchase totals about 4.9 billion won.

Choi Tae-won, Chairman of SK Group. Photo by Jinhyung Kang

Choi Tae-won Makes First SK hynix Share Purchase…Signals Intent for Responsible Management

This is the first time Chairman Choi has directly purchased shares of SK hynix. The purchase was made at a time when SK hynix’s share price had undergone a correction following the announcement of its highest-ever quarterly results in the second quarter of this year. It is reported that this move was intended to demonstrate his commitment to responsible management, on the judgment that SK hynix’s stock price had fallen excessively compared to the company’s intrinsic value.

 

As of 1:50 p.m. on July 31, SK hynix shares, which had recently been on a sharp decline, were trading at 1,693,000 won, up 368,000 won (27.84%) from the previous trading day. Assuming a purchase price of 1,353,677 won per share, Chairman Choi is estimated to have realized a valuation gain of roughly 1.2 billion won in less than a day.

Recently, Chairman Choi commented that the semiconductor demand boom caused by the proliferation of artificial intelligence (AI) is expected to persist. At the Jeju Forum hosted by the Korean Chamber of Commerce and Industry on July 17, when asked about the outlook for SK hynix stock, he said, "Over time, it will move upward. Don’t try to buy and sell frequently—just hold on to it."

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