The President of the SK Group stated that the stock of SK Hynix will be on a long-term upward trend.

SK Group Chairman Chey Tae-won believes that the long-term trend of SK Hynix's stock price is on the rise. Chey Tae-won said at a forum hosted by the Korea Chamber of Commerce on Friday, "The demand for memory chips is growing exponentially, which is why the stock prices of SK Hynix and Samsung Electronics have been rapidly rising since last year." When asked about the recent decline in SK Hynix's stock price, he said that stock prices usually rise with market expectations, and then there is a correction after an excessive rise. "I believe that the demand for memory chips will continue to exist, so over time, its stock price trend will be upward," he said.