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

Odaily Odaily reports that Barclays analysts stated in a report that SK Hynix's listing in the US could provide some support for the Korean won in the short term. This support may partially come from hedging activities, as well as from the eventual conversion of a portion of the fundraising into Korean won for domestic investment. The recent rise of the Korean won suggests that some pre-emptive hedging has already been priced in.

Meanwhile, if South Korean semiconductor companies fund 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. (Jin Shi)