Barclays: SK Hynix’s US Listing May Support the Won in the Short Term

Odaily Planet Daily News Barclays analysts said in a report that SK Hynix’s listing in the United States may provide some support for the South Korean won in the short term. Some of the support may come from hedging operations and the eventual conversion of part of the raised funds into won for domestic investment. The recent rise in the won suggests that some pre-hedging operations have already been priced in.

Meanwhile, if South Korean semiconductor companies finance a significant portion of their domestic investments in the future by repatriating offshore assets or overseas earnings, it would create additional demand for the won and support the currency. (Jin Shi)