00:03Korea's top story today isn't just a chip story it's a signal about where the
00:07economy is heading SK Hynix is buying back 40 trillion one of its own shares
00:13and canceling every one of them pause it is also showing a memory design the
00:19cuts cost by 78 percent the one just moved back into the 1,300 range for the
00:25first time in ten and a half months and Hanwha sold canine howitzers to the
00:30United States the first Korean artillery system to land there it's Thursday
00:36August 20th let's get into one of Korea's top economic stories today AI data
00:42centers are consuming memory faster than suppliers can build it that demand has
00:47handed Korean chip makers a cash pile they now have to decide what to do with
00:52shareholders have spent years asking for that answer here's what the numbers
00:57show SK Hynix will buy 24.07 million of its own shares on the open market and
01:04retire all of them in a program worth 40 trillion one about twenty eight point
01:09six billion dollars the company committed to returning more than 50 percent of
01:14free cash flow to shareholders over the next three years SK Hynix also unveiled a
01:20hybrid memory design pairing DRAM with NAND based SSDs cutting cost by 78% matter
01:28of fact the one closed at one thousand three hundred ninety seven point seven
01:31zero to the dollar on Wednesday down fourteen point eight zero or one point
01:35zero five percent Korea's deposit insurance levy on banks rises zero point zero
01:41five percentage points to zero point one three percent adding about nine hundred ten
01:46billion won roughly six hundred fifty one million dollars a year from twenty
01:51twenty eight Hanwha Aerospace won its first US order for the canine self-propelled
01:57howitzer supplying up to 18 units in a deal worth three hundred sixty six point five
02:02billion one or about two hundred sixty two million dollars so what does this
02:08mean for readers following Korea from abroad earlier we said this isn't just a
02:12chip story here's what that actually means for you a chip maker retiring forty
02:17trillion one of stock while the currency strengthens tells you capital is being
02:22returned at home rather than parked offshore that is a structural shift not a
02:27one-quarter headline three things to watch SK Hynix's buyback execution schedule
02:33across the next three years the one's next test at the 1390 line and whether
02:39banks pass the higher deposit levy to customers before 2028 that's today's AI
02:45prism front page daily this episode was produced with AI assistance based on
02:50Seoul economic daily reporting and reviewed by a human editor AI prism is a
02:56one for our award-winning series we'll be back tomorrow
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