Heungkuk Asset Management Withdraws SK Hynix Shareholder Letter After One Day

Heungkuk Asset Management withdrew a shareholder letter sent to SK Hynix's board on July 9, citing it as a personal opinion of its equity division head. The letter had criticized SK Group Chairman Chey Tae-won's announced large-scale semiconductor investment plan. The company said the letter was being rewritten, though industry sources noted such unilateral actions by fund managers are highly unusual.
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