Korea Said to Prepare for Currency Flow From SK Hynix US …

The South Korean won appreciated following reports that officials are preparing for currency flows related to SK Hynix Inc.'s upcoming American depositary receipts (ADRs) issuance. The chipmaker plans to start using forwards for hedging as it approaches its $29 billion ADR listing, scheduled to settle on July 14. Although the ADRs are in US dollars, Hynix aims to repatriate some funds for investment in Korea, necessitating the purchase of won.

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By Daedo Kim and Hooyeon Kim

July 3, 2026 at 6:11 AM UTC

Updated on July 3, 2026 at 8:15 AM UTC

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South Korea’s won strengthened after a person familiar with the matter said the nation’s officials were preparing for currency flows related to SK Hynix Inc.’s offering of American depositary receipts.

The chipmaker is expected to begin using forwards as soon as Friday to hedge flows that will stem from its $29 billion ADR listing, which will settle on July 14, according to the person who asked not to be identified because the matter is confidential. While the ADRs are denominated in US dollars, Hynix has said it intends to bring back some of the funds raised from the listing to invest in Korea, which means it will need to buy won.

Read Original at Bloomberg.com →

Korea Said to Prepare for Currency Flow From SK Hynix US Listing