Korean Media: Samsung Secretly Studies Feasibility of US Listing, Company Previously Denied Such Plans

Odaily reported that according to South Korean media outlet Bloter, sources have revealed that Samsung Electronics has begun an internal study of various options for issuing ADRs in the United States and started evaluating the relevant operational procedures. Bloomberg reported on July 14 that Samsung Electronics had held preliminary discussions with multiple investment banks regarding a US listing via ADRs. Samsung Electronics responded, stating it had not considered a US market listing through an ADR issuance.

However, market insiders believe that Samsung Electronics' denial does not completely rule out the possibility of issuing ADRs in the future. Despite the company denying the plan, under management direction, relevant business units have begun assessing the potential costs, benefits, and required procedures for issuing ADRs.

A semiconductor industry source revealed on July 15 that the company's management recently asked relevant departments to research whether a feasible structure suitable for the company's ADR issuance could be designed. As part of this research, Samsung Electronics personnel have consulted with SK Hynix, which recently completed an ADR issuance and listed on the Nasdaq. (Jinshi)