SK Hynix is expected to file documents with Korean financial regulators to
advance a planned US ADR offering, the Korea Economic Daily reports. Earlier
reports cited a potential $10 bln raise, but based on the company's post-rally
market value industry estimates put the maximum at about 40 trillion won (~$26
bln); final size remains undecided. SK Hynix plans to issue shares in Korea and
deposit them with the Korea Securities Depository as the ADRs' underlying
securities. Korean regulatory review could finish by July 3, potentially
allowing ADR trading to begin as soon as next month.
