South Korea's SK Hynix says to raise $29 billion in US ADR listing

24 Jun 2026 04:07PM

SEOUL, June 24 : South Korea's SK Hynix said on Wednesday it plans to raise 45.45 trillion won ($29.43 billion) via the listing of American Depository receipts (ADR) in the U.S., as it seeks to expand its investor base and production capacity for chips used in artificial intelligence.

($1 = 1,544.1400 won)

Source: Reuters