South Korean Financial Regulator: SK's Solidigm US Listing May Violate Regulations

Odaily: South Korea's financial regulator said on Monday that a potential listing by Solidigm, the US subsidiary of SK Hynix, could violate restrictions on "dual listings." Lee Chan-jin, governor of the Financial Supervisory Service (FSS), said the regulator is examining whether Solidigm would need to undergo a review under domestic regulations if it pursues an IPO in the United States. When asked how the regulator would protect the interests of minority shareholders of parent company SK Hynix if Solidigm lists, Lee Chan-jin replied: "We have been closely monitoring this matter... Both the Financial Services Commission and we believe this constitutes a violation of the regulations on 'dual listings.'" (Jinshi)