South Korean officials are preparing for foreign-currency inflows from an
anticipated SK Hynix ADR offering, people familiar with the matter said. The
$29.0 bln ADR is expected to be issued as early as Friday and to settle on July
14, after which proceeds may flow into the South Korean market. Officials expect
SK Hynix to begin hedging the inflows in advance, likely via the forward FX
market. An SK Hynix spokesman said the company was considering options but
declined to provide details.