For SK boss, Hynix is all about China

By Kim Yoo-chul

SK's surprising proposal to acquire a major stake in Hynix Semiconductor is regarded as a desperate effort to revive its stalling business in China.

Market responses were mixed.

Citing less synergy with existing key businesses, pessimists say SK’s plan to buy the chipmaker may hurt its financial soundness, resulting in investors unloading SK and SK Telecom stocks.

But several unnamed SK executives said the acquisition of the world’s second-biggest computer memory chipmaker will help the group bolster its presence in China, viewed