402340.KS is trading 4.6% up now at KRW 1,882,000, lifted by excitement around SK hynix’s planned US ADR listing reportedly worth up to $29.4 billion.
- As SK hynix’s holding vehicle, SK Square is viewed as a primary indirect beneficiary of the deal, which is intended to fund aggressive AI chip expansion.
- The potential listing aims to unlock a higher global valuation for the group, helping the stock rebound following recent semiconductor-sector volatility.