SK Hynix said in a regulatory filing that it recognized KRW 3.98 trillion in derivative transaction losses in the first half of 2026, tied to exchangeable bonds it issued in April 2023. The filing said the loss was driven by bondholders exercising exchange rights and by a rise in the price of SK Hynix shares listed in South Korea. The company said the loss was an accounting item and would not result in an actual cash outflow. SK Hynix also said gains recognized from the disposal of treasury shares when the exchangeable bonds were converted into shares had largely offset the related losses. The disclosure lays out how the accounting impact was recorded, while the company stressed that the recognized loss did not translate into cash leaving the business.
SK Hynix recognized KRW 3.98 trillion in derivative transaction losses in the first half of 2026 related to exchangeable bonds it issued in April 2023, according to a regulatory filing cited by Odaily.
The filing said the loss stemmed from bondholders exercising exchange rights and from a rise in the price of SK Hynix shares listed in South Korea. SK Hynix said the accounting loss would not lead to an actual cash outflow. It also said gains recognized from the disposal of treasury shares when the exchangeable bonds were converted into shares had largely offset the related losses.
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