SK Hynix Strengthens ESG... Launches 'Online Dividend Inquiry Service'

[Asia Economy Reporter Jin-ho Kim] SK Hynix announced on the 6th that it will implement an online dividend inquiry service starting this year, replacing the traditional postal notification method, to create a paperless and eco-friendly SV (social value).

The service can be accessed through the company's official website and will be available until the 20th, which is the year-end dividend period last year.

Until now, SK Hynix has notified shareholders of dividend-related matters by mail every year. Due to the semiconductor industry's and the company's rapid growth, the number of shareholders increased approximately 4.8 times from the end of 2019 to the end of 2021, and a corresponding sharp increase in paper usage was expected.

To address this issue, SK Hynix decided to join the paperless trend. Through this, it is expected to save about 1,040 trees and approximately 100 million liters of water annually used for paper production during quarterly dividends in the future, and reduce carbon emissions by about 30,000 kg.

The service is also expected to enhance user convenience. It has been implemented so that the expected dividend amount can be checked in real time not only on PCs but also on mobile devices.

SK Hynix's online dividend inquiry service can be accessed by entering the ‘Investment Information’ menu at the top of the company's official website, then selecting ‘Dividend Inquiry’ located at the bottom right of the screen. Individual shareholders holding stocks on the dividend record date can verify their dividend details after identity verification within the dividend inquiry period.

SK Hynix plans to run both postal notifications and online services concurrently for this year-end dividend to allow shareholders time to adapt to the online service, and from the first quarter dividend onward, only the online service will be provided.

Hwang Su-yeon, head of SK Hynix’s ESG IR team, said, “We will enhance the system to ensure the continuous creation of SV effects and will continuously explore various environmental and shareholder-friendly measures.”