On July 15, reports emerged indicating that, following the listing of SK Hynix's American Depositary Receipts (ADRs), there were apprehensions in the market that foreign investors might offload their locally held ordinary shares in South Korea in favor of buying ADRs. However, on the same day, Hyundai Motor Securities in South Korea offered a different perspective, suggesting that if the ADRs trade at a premium, it could, in fact, entice foreign investors to purchase ordinary shares instead.

Analyst Kim Jae-seung from Hyundai Motor Securities noted that the market is concerned that, after the ADR listing, foreign investors, lured by the enhanced investment convenience in the U.S. market, might sell their ordinary shares to buy ADRs. This move would be aimed at avoiding the volatility of the South Korean local stock market and the risks associated with the exchange rate fluctuations between the Korean won and the U.S. dollar. Nevertheless, he also highlighted that a higher ADR premium could actually make ordinary shares more appealing to foreign investors.