SK Group chair buys $3.4M in SK Hynix shares

SK Group Chair Chey Tae-won purchased 3,620 SK Hynix shares from the open market.

The shares are valued at about 4.79 billion won, or approximately $3.4 million.

This is reported as Chey's first-ever purchase of SK Hynix shares.

Wall Street expects SK Hynix stock to more than double.