SK Group chairman responds to the SK hynix stock price plunge: Don’t trade frequently; hold long term

BlockBeats, July 17 — SK Group chairman and president of the Korea Chamber of Commerce and Industry Choi Tae-won responded to the sharp plunge in SK Hynix’s stock price, saying that while he can’t judge SK Hynix’s price trend next month, investors should not trade too frequently; holding long term may be more beneficial for preserving assets.

Choi Tae-won said that as the AI industry develops, memory demand will continue to expand. He noted that AI is currently still like a “4-year-old child”; as it grows into a mature industry, it will inevitably need more memory, and related demand may grow exponentially.

He also pointed out that SK Hynix’s stock price had previously risen rapidly and may fall sharply when market expectations change; after prices rise too quickly, they sometimes need to adjust to fit reality.

Regarding South Korea’s AI industry strategy, Choi Tae-won said that South Korea finds it difficult to compete with China on costs and also difficult to surpass the United States in model quality. He added that the country should build infrastructure, develop the applications needed locally, and open up niche markets, transitioning in the long run from exporting memory chips to exporting computing power and “intelligence.”