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

Odaily Odaily reported that Barclays analysts said in a report that SK Hynix's listing in the United States could provide some support for the Korean won in the short term. Part of the support may come from hedging operations and the eventual conversion of a portion of the fundraising amount into Korean won for domestic investment. The recent rise of the Korean won suggests that some pre-hedging operations have already been priced in.

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