Actual applications for two-way conversion between SK Hynix's Korean-listed common shares and NASDAQ-listed ADRs will only be possible after July 29, when the newly issued Korean common shares are domestically listed. The Korea Securities Depository (KSD) confirmed this timeline, stating that the specific conversion timetable will be announced following instructions from Citibank, the DR depositary.
SK Hynix's share conversion delay creates a temporary arbitrage opportunity, affecting capital flow and pricing efficiency for a critical AI memory supplier.