SK Hynix to Raise 43 Trillion Won via U.S. ADR Listing on July 10, Expected to Ease Korean Won Pressure

According to MoneyToday, SK Hynix is set to list its U.S. ADR (American Depositary Receipts) on July 10, expected to raise approximately 43 trillion won. The market anticipates the dollar inflow from this listing will help stabilize the Korean won, which has remained stuck around 1,530 won per U.S. dollar for nearly two months.

Foreign investors have sold off over 150 trillion won from the Korean stock market since the beginning of the year, contributing to the currency's weakness. Market analysts expect the substantial dollar inflow from SK Hynix's ADR listing to provide short-term relief to exchange rate pressures, as the government is considering phased currency exchange management for the massive capital influx.