Oh Ki-kyung, a lawmaker from South Korea's ruling party, took to Facebook to voice his concerns. He stated that should SK Hynix move forward with the Initial Public Offering (IPO) of its American subsidiary, Solidigm, the company's board of directors ought to carry out a thorough evaluation and elucidate the potential effects on shareholders. Oh, who chairs a dedicated committee spearheading research to tackle the 'Korea Discount' phenomenon, underscored the importance of the board elucidating the rationale behind the IPO, exploring alternative funding avenues, and outlining strategies to shield current shareholders.

He highlighted that even in the event of a subsidiary going public on foreign soil, the fundamental principle of shareholder protection must remain intact. This is because an independent IPO could potentially diminish the value held by the parent company's shareholders. Should the IPO exert a substantial influence on shareholder value, SK Hynix is urged to engage in dialogue with shareholders and contemplate obtaining their approval.