SK Group Chairman Chey Tae-won responds to recent stock price decline: Stock Price Will Long-Term Rise with Memory Chip Demand Support

BlockBeats News, July 17th, SK Group Chairman Choi Tae-won believes that with the support of memory chip demand, SK Hynix's stock price will show a long-term upward trend. "The demand for memory chips is experiencing exponential growth, which is why SK Hynix and Samsung Electronics' stock prices have skyrocketed since last year." He stated this at a forum hosted by the Korea Chamber of Commerce and Industry last Friday.

When asked about the recent stock price decline, he mentioned that stock prices usually rise with market expectations, followed by a correction after a wave of excessive growth. "I believe that the demand for memory chips will continue to exist, so the stock price trend will show an upward trajectory over time," he said. Note: On Thursday, due to the South Korean government's restriction measures on tracking chipmakers by hedge funds, SK Hynix and Samsung saw their stock prices drop by 12% and 8.8%, respectively.