Samsung Electronics and SK hynix’s combined shareholder return plans worth more than 150 trillion won ($108 billion) could trigger additional dollar selling and put further downward pressure on the won-dollar exchange rate, according to market experts on Wednesday. NH Investment & Securities projected that the won could strengthen to the 1,340-1,350 per dollar range, citing the chipmakers’ large-scale shareholder return plans alongside broader weakness in the U.S. dollar. The won-dollar exchange rate recently fell to the high 1,300-won range for the first time in 11 months, reversing sharply from just two months earlier, when it surged to 1,560 won in June, nearing the 1,600-won level. On Wednesday, the won strengthened 1.3 won to close at 1,384.8 per dollar in onshore trading. SK hynix and Samsung Electronics have announced massive shareholder return programs worth 40 trillion won and 90 trillion to 110 trillion won, respectively, bringing the combined total to as much as 150 trillion won. Converting dollar holdings into won to fund dividends and share buybacks generally increases t