Svmuu News: SK Group Chairman Choi Tae-won believes that, supported by demand for memory chips, SK Hynix’s stock price will follow a long-term upward trend. “Demand for memory chips is growing exponentially, which is why the stock prices of SK Hynix and Samsung Electronics have surged rapidly since last year,” he said Friday at a forum hosted by the Korea Chamber of Commerce and Industry. When asked about the recent decline in stock prices, he noted that stock prices typically rise in line with market expectations and then experience a pullback after a period of excessive gains. “I believe demand for memory chips will persist, so stock prices will follow an upward trend over time,” he said. Cailian Press Note: On Thursday, SK Hynix and Samsung shares fell 12% and 8.8%, respectively, as South Korean authorities imposed restrictions on leveraged funds tracking chipmakers. (Cailian Press)