SK Group Chairman responds to SK Hynix stock price plunge: avoid frequent trading, focus on long-term holding

BlockBeats news, on July 17, SK Group Chairman and President of the Korea Chamber of Commerce and Industry Chey Tae-won responded to the sharp drop in SK Hynix's stock price, stating that although it is difficult to predict SK Hynix's stock price trend for next month, investors should not frequently buy and sell shares, and that long-term holdings may be more advantageous for preserving assets.

Chey Tae-won believes that with the development of the AI industry, the demand for memory will continue to expand. He remarked that AI is still like a "4-year-old child", and as it matures into a fully developed industry, it will inevitably require more memory, with related demand potentially experiencing exponential growth.

He also pointed out that SK Hynix's stock price previously rose rapidly and can drop substantially when market expectations change; after a rapid price increase, sometimes adjustments are needed to adapt to reality.

Regarding Korea's AI industry strategy, Chey Tae-won commented that Korea struggles to compete with China on cost and cannot surpass the US in model quality. He suggested building infrastructure, developing locally needed applications, and exploring niche markets, and, in the long term, shifting from exporting memory chips to exporting computing power and "intelligence".