Chey Tae-won: Hynix Acquisition Was Opposed by All, But Employees Proved It Right

SK Group Chairman Chey Tae-won recalled the challenging 2012 acquisition of Hynix, a decision met with significant skepticism at the time. He stated that the company was on the brink of bankruptcy and that memory chips were considered mere commodity products by many.

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Everyone opposed the Hynix acquisition, but the employees proved that choice was right.

Despite the prevailing doubts, Chey asserted that the employees' dedication and foresight ultimately validated the acquisition. He recently shared these reflections on LinkedIn, noting that the SK Hynix Nasdaq ADR listing marks a crucial milestone not only for the company and SK Group but also for the broader AI ecosystem.

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The SK Hynix Nasdaq ADR listing is an important milestone for SK Hynix, SK Group, and the entire AI ecosystem.

This listing, Chey believes, will solidify SK's role as a pivotal partner in developing the AI economy. He expressed that this moment represents the culmination of a decade-long aspiration for SK Group to be recognized as a truly global conglomerate. The chairman attributed this success primarily to the efforts of SK Hynix employees, underscoring their instrumental role in achieving this recognition.

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This will be an opportunity for us to establish ourselves as a key partner in building the AI economy.