[SK Group Chairman Chey Tae-won Responds to Recent Stock Price Decline: Stock Prices Will Rise in the Long Term Supported by Memory Chip Demand] Odaily Planet Daily News – SK Group Chairman Chey Tae-won believes that supported by the demand for memory chips, SK Hynix's stock price will show a long-term upward trend. "The 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 at a forum hosted by the Korea Chamber of Commerce and Industry on Friday. When asked about the recent stock price decline, he stated that stock prices typically rise with market expectations and then experience a correction after a period of excessive increase. "I believe the demand for memory chips will persist, so the stock price trend will show an upward trajectory over time," he said. Note: On Thursday, due to restrictions imposed by South Korean authorities on leveraged funds tracking chip manufacturers, SK Hynix and Samsung's stock prices fell by 12% and 8.8%, respectively. (Cailian Press)