A KRW 16 trillion big red envelope! SK Hynix (SKHY.US) plans to "generously distribute" 80% of gains from its Kioxia stake to shareholders.

Zhitong Finance APP has learned that, according to reports, SK Hynix (SKHY.US) plans to return about 80% of the proceeds from reducing its stake in Japan's Kioxia Holdings to shareholders through a special dividend of approximately KRW 16 trillion (about USD 12 billion).