"I'm Not Selling, I'm Still Waiting"... Why Jeon Wonju Holds Firm Despite a 9,000% Return on SK hynix

Jeon Wonju Hasn't Sold a Single SK hynix Share Bought at 20,000 Won
"Don't Think About Taking the Elevator; Climb One Step at a Time"

After SK hynix announced a 40 trillion won share buyback plan and continued its rally for the second consecutive day, attention has turned to actress Jeon Wonju, who revealed that she has never sold a single share of SK hynix stock that she purchased in the 20,000 won range in the past.

SK hynix Headquarters in Icheon, Gyeonggi Province.

On August 20, Jeon Wonju appeared on KBS 1TV’s "Docu Insight – Semiconductor Money, The Trajectory of Money" and shared her experience investing in SK hynix. Jeon commented, "Many people ask me how to make money," adding, "It is rewarding to share such advice with young people these days."

She went on to say, "Take one step at a time. I advise people not to look for shortcuts like taking the elevator," and added, "The SK hynix shares I bought back then are still with me." Explaining why she hasn’t sold her stocks, she said, "I’m just waiting. Until they go up even more."

Jeon revealed that she has held on to all shares she purchased at around 10,000 to 20,000 won per share in 2011, before SK Group acquired Hynix. Compared to her purchase price, her estimated return is about 7,000% to 9,000%. However, she did not disclose the exact price or the number of shares she bought.

Broadcaster Jeon Wonju is expressing her conviction about investing in SK hynix on the KBS documentary Insight aired on the 20th. Photo by KBS

Meanwhile, on August 19, SK hynix announced plans to buy back and cancel its own shares worth 40 trillion won. The company intends to acquire and cancel 24.07 million shares, equivalent to 3.3% of its total issued shares, marking the largest buyback ever for any listed company in Korea. SK hynix also unveiled a new shareholder return policy to return more than 50% of its free cash flow (FCF) to shareholders over the next three years.

Buoyed by this record-breaking shareholder return announcement, SK hynix surged 12.73% on August 20, returning to the 1.7 million won level. The following day, helped by a rise in memory semiconductor stocks on the New York market overnight, it gained another 2.31% to close at 1.73 million won.

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