South Korea reportedly preparing to manage foreign exchange inflows resulting from SK Hynix's listing in the United States
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This US$29 billion ADR listing will complete settlement on July 14, after which funds are likely to flow into the Korean market. According to the source, the government expects SK hynix to hedge in advance through forward contracts. In a text message, SK hynix stated that the company is "considering various options," but "cannot confirm specific details at this time." (Bloomberg)
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