SK Hynix to bring ADR funds to South Korea by around July 15, source says

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Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST SEOUL, July 7 : SK Hynix is expected to bring U.

S. dollars into the country by around July 15, converting a part of the funds it raises in its offering of American depositary receipts (ADRs) into the won, a source familiar with the matter said on Tuesday.The South Korean chipmaker launched a U.

S. share sale on Monday to raise 43 trillion won ($28.07 billion), one of the world's largest new share offerings ever, as it capitalises on the global AI boom.

SK Hynix did not immediately respond to an emailed request for comment. While the ADRs are denominated in the greenback, SK Hynix has said it will use at least part of the proceeds for building two new factories in South Korea and buying chipmaking equipment. That may offer some support to the won that is currently hovering around a 17-year low versus the dollar.

Since the relevant funds are scheduled to be deposited on the 15th, spot market transactions could emerge around that time, the source said, asking not to be named due to internal policy. Only a small portion of it is expected to be deposited, with the rest likely entering the market via FX forward and spot transactions during July and August, the source added.($1 = 1,526.

8000 won) Source: Reuters Newsletter Week in Review Subscribe to our Chief Editor’s Week in Review Our chief editor shares analysis and picks of the week's biggest news every Saturday. Sign up for our newsletters Get our pick of top stories and thought-provoking articles in your inbox Subscribe here Get the CNA app Stay updated with notifications for breaking news and our best stories Download here Get WhatsApp alerts Join our channel for the top reads for the day on your preferred chat app Join here Advertisement Also worth reading Content is loading... Advertisement Expand to read the full story Get bite-sized news via a newcards interface.

Give it a try. Click here to return to FAST Tap here to return to FAST FAST Advertisement Business SK Hynix to bring ADR funds to South Korea by around July 15, source says The SK hynix logo appears in this illustration taken August 25, 2025. REUTERS/Dado Ruvic 07 Jul 2026 10:51AM Bookmark Bookmark Share WhatsApp Telegram Facebook Twitter Email LinkedIn Set CNA as your preferred source on Google Add CNA as a trusted source to help Google better understand and surface our content in search results.

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