SK Group Chairman Recommends Long-Term Holding of SK Hynix Stocks

On July 17, SK Group Chairman Choi Tae-won responded to the sharp decline in SK Hynix's stock price, stating that investors should not frequently buy and sell, as holding long-term may be more beneficial for asset preservation. He pointed out that while it is impossible to predict next month's stock price trends, the demand for memory will continue to expand with the development of the AI industry, and related demand may grow exponentially. Choi Tae-won mentioned that SK Hynix's stock price had previously risen rapidly, and when market expectations change, it may fall significantly. After a rapid price increase, adjustments are necessary to align with reality. Regarding South Korea's AI industry strategy, he stated that South Korea struggles to compete with China on cost and to surpass the United States in model quality. He suggested building infrastructure, developing local applications, and exploring niche markets, shifting from exporting storage chips to exporting computing power and intelligence in the long term.

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