Chairman Choi Tae-won Buys 3,620 Shares of SK Hynix

English summary

Additional information points about this news: 1. Choi Tae-won's current net worth is $5.4 billion. 2. This purchase is worth $3.33 million. 3. Before today, he directly held 0 shares of Hynix. 4. Previously, he indirectly controlled SK Hynix mainly through the shareholding chain of Choi Tae-won — SK Holdings — SK Square — SK Hynix. 5. This purchase accounts for 0.06% of his net worth, equivalent to a billionaire spending $60,000 on stocks, not even pocket change. 6. He was just ordered by the court to pay his ex-wife $640 million, which is where he needs to spend big money recently. 7. But it must be said, this $3.33 million was well spent, equivalent to buying headlines in global media. Korean law requires that if a single transaction is ≥5 billion KRW, it must be publicly announced 30 days in advance; calculated at the closing price, this transaction is 4.78564 billion KRW, just below the red line, so no advance disclosure is required.…