SK hynix dollar inflow expected to bolster South Korea's FX market

SK hynix Inc. is expected to inject a large amount of US dollars into South Korea's foreign exchange market after raising about 40 trillion won ($26.5 billion) through an American depositary receipt offering on Nasdaq, industry sources said Sunday. The proceeds from the US listing are scheduled to be paid to the company Monday. Given that SK hynix plans to use most of the funds for domestic investments, including the Yongin semiconductor cluster, much of the dollar-denominated proceeds is expect

By The Korea Herald