Reportedly, South Korea is Making Preparations for Foreign Exchange Inflows from SK Hynix's U.S. Stock Listing

1 day ago / Read about 0 minute

Author：小编

Sources privy to the situation reveal that South Korean authorities are gearing up for an influx of foreign exchange stemming from SK Hynix's issuance of American Depositary Receipts (ADRs) valued at US$29 billion. The ADR listing deal is slated to be finalized on July 14, with the possibility of funds subsequently flowing into the South Korean market. The South Korean government expects that SK Hynix will proactively hedge its capital flows via the forward market. SK Hynix has mentioned that it is exploring a range of options, yet it has refrained from divulging specific particulars.

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