SK Group Chairman Responds to SK Hynix's Stock Price Plunge: Avoid Frequent Trading, Hold Long-Term

BlockBeats News, July 17th, SK Group Chairman and Chairman of the Korea Chamber of Commerce and Industry, Chey Tae-won, responded to the sharp drop in SK Hynix's stock price, stating that although it is impossible to predict the company's stock price trend next month, investors should not engage in frequent trading. Instead, long-term holding may be more beneficial for asset preservation.

Chey Tae-won believes that with the development of the AI industry, the demand for memory will continue to expand. He mentioned that AI is currently still like a "4-year-old child" and in the process of growing into a mature industry, it will inevitably need more memory. The related demand is expected to grow exponentially.

He also pointed out that SK Hynix's stock price had previously risen rapidly and would experience a significant decline when market expectations change. Sometimes, after a rapid price increase, adjustments are needed to align with reality.

Regarding South Korea's AI industry strategy, Chey Tae-won expressed that South Korea faces challenges in competing with China on cost and surpassing the United States in model quality. Instead, the country should focus on building infrastructure, developing domestic applications, and exploring niche markets. In the long term, South Korea should shift from exporting memory chips to exporting computing power and "intelligence."