00:023 numbers before the open
00:06SK Hynix's new shareholder return plan just pushed the KOSPI broadly higher.
00:12Passive ETF assets climbed to 841 billion won this year, about 604 million dollars,
00:19while active ETF assets rose to 321 billion won, roughly 230 million dollars.
00:26And 6 Korean auto parts makers slid on weak overseas sales.
00:31Here's what's actually moving the market.
00:33It's Friday, August 21st.
00:35Here's what investors are watching in Korea today.
00:38SK Hynix unveiled an expanded shareholder return program this week,
00:43including buybacks and share cancellations,
00:45which investors read as confirmation of sustained memory chip profitability.
00:50The announcement came as Korea's active ETF market kept growing,
00:54Even though regulators have yet to tighten rules following a string of excess return ETF delistings.
01:01Meanwhile, a cluster of auto parts suppliers reported falling overseas shipments,
01:06adding caution to an otherwise buoyant session.
01:09Here's what the numbers show.
01:11SK Hynix's shareholder return announcement lifted the KOSPI broadly on Friday.
01:16Passive ETF assets rose to 841 billion won by August,
01:21up from 771 billion won in January, roughly $604 million versus 553 million,
01:30while active ETF assets grew to 321 billion won from 277 billion won.
01:37Regulators confirmed this week that active ETF rules remain unchanged,
01:42despite a string of underperforming funds being delisted.
01:46Amplify launched its BOM-10 Korean-style ETF strategy,
01:50a first for the local market.
01:52Six Korean auto parts makers, including Robotics and Mando,
01:57fell on the day as overseas shipment data disappointed.
02:00Bondholder meetings still require physical deposit certificates
02:03under a 64-year-old provision of the Commercial Act,
02:07Even though Korea's securities have been fully electronic for years.
02:11So what does this mean for market followers?
02:13Earlier, we said SK Hynix's plan was actually moving the market.
02:18Here's what that actually means for you.
02:20Expect continued rotation into large-cap semiconductor names
02:24now that buyback confirmation has reduced downside risk.
02:28Watch active ETF flows and the auto parts sector next.
02:32Unresolved regulatory gaps and weak parts exports
02:35are the two loose threads heading into next week.
02:38That's today's AI Prism, Securities Daily.
02:42This episode was produced with AI assistance
02:44based on sole economic daily reporting
02:47and reviewed by a human editor.
02:49AI Prism is a Juan Ifra Award-winning series.
02:53We'll be back tomorrow.
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