Korea Securities Depository (KSD) said on the 16th SK Hynix ADRs and Korea-listed ordinary shares will be eligible for two-way conversion after the 29th, the scheduled listing date for newly issued Korean ordinary shares. Conversions will require mee

2026-07-16

Korea Securities Depository (KSD) said on the 16th SK Hynix ADRs and Korea-listed ordinary shares will be eligible for two-way conversion after the 29th, the scheduled listing date for newly issued Korean ordinary shares. Conversions will require meeting multiple conditions: converting Korea ordinary shares into ADRs is limited by an issuer-set ADR issuance cap (for example, if the cap equals 1.0 mln ordinary shares and 0.9 mln have already been issued, only 0.1 mln remain available for new conversions); converting ADRs back into Korea ordinary shares carries no separate issuance-cap restriction. Industry participants say retail investors will find arbitrage hard to implement because converting ordinary shares into ADRs requires a separate broker application, FX conversion and other procedures, and processes vary by broker, so conversions cannot be executed instantly via mobile or online trading systems.