On the 16th, the status board in the dealing room at Hana Bank Headquarters in Jung-gu, Seoul displayed the KOSPI and KOSDAQ indices. On that day, the KOSPI closed at 6,226.05, up 134.66 points (2.21%), and the KOSDAQ index closed at 1,162.97, up 10.54 points (0.91%). Yonhap News Agency

원본보기 아이콘

A story has gained attention about SK hynix shares that a mother bought under her child’s name years ago, which have now achieved a return of over 3,000%.

On April 17, posts spread across social networking services (SNS) describing how "an investment in SK hynix made more than 10 years ago has now turned into a wedding fund." Mr. A explained, "Years ago, my mother took me, someone who knew nothing about stocks at the time, to a securities company and helped me open an account. She deposited less than 30 million won and bought SK hynix shares for me."

원본보기 아이콘

He continued, "At the time, my mother told me to use it as part of my wedding fund in the future. Since I haven’t gotten married yet, the account remains untouched. I am extremely thankful to my mother. I think her decision back then was truly amazing. I still tell her every day how grateful I am. I promise to be a good son."

Account screen disclosed by Mr. A. Screenshot from SNS

원본보기 아이콘

The account summary disclosed by Mr. A showed his holdings in SK hynix. The balance was 782 shares, with a purchase price of 33,554 won per share, and the current price listed as 1,146,000 won. It is estimated these shares were purchased about 10 years ago. The market value was displayed as 896,172,000 won, with a gain of 869,932,129 won. This amounted to an incredible return of 3,315%.

Netizens who saw this commented, "Amazing foresight by your mother," "SK hynix at 30,000 won is unbelievable," "If it were me, I would have sold already-so impressive," "Why didn’t my parents do that?" "Unbelievable average price," and "I’m genuinely envious."

Meanwhile, on April 16, SK hynix closed at 1,155,000 won, up 19,000 won (1.67%) from the previous day, setting a new all-time closing high.

According to financial information provider FnGuide, SK hynix’s consensus (average forecast) for operating profit in the first quarter of this year is sales of 49.6756 trillion won and operating profit of 34.5381 trillion won. Compared to the same period last year, this represents a 181.62% increase in sales and a 364.19% rise in operating profit. These figures far surpass the previous record-high performance in the fourth quarter of last year, when sales were 32.8 trillion won and operating profit was 19.1 trillion won.