SK Hynix Bond Purchases Reach $28B as Cash Reserves Surge 62% QoQ

SK Hynix deployed up to $28B into South Korean bonds this year, driven by a 62% quarterly jump in cash reserves. Focus remains on high-grade, short-duration assets.

Woofun AI reports that SK Hynix has acquired approximately $7 billion to $28 billion worth of South Korean bond assets this year, with higher estimates encompassing commercial paper. As of the end of the second quarter, the company’s cash and cash equivalents totaled 88 trillion won, marking a nearly 62% increase from the previous quarter.

Sources indicate that SK Hynix expanded its bond investment activities starting in April, executing transactions typically valued between 100 billion and 300 billion won. The investment strategy prioritizes investment-grade bonds rated AA or higher, with maturities generally capped at three years.