SK Hynix Plans $12 Billion Dividend From Kioxia Gains: Report

SK Hynix plans to return about 80% of the gains from selling down its stake in Japan's Kioxia Holdings to shareholders via a special dividend of roughly 16 trillion won ($12 billion), the DongA Ilbo newspaper reported.

• Special dividend estimated at about 16 trillion won ($12 billion)
• About 80% of proceeds from the Kioxia stake sale to be returned
• Report originates from DongA Ilbo, cited by Bloomberg