South Korean chip giant SK Hynix raised a total of about 26.5 billion US dollars by issuing depository certificates in the US on the 10th. After all the public offering procedures have been completed, the capital raised will be paid to SK Hynix on the 14th. The company plans to use the capital to invest in the first phase of the Yongin Semiconductor Cluster fab, the Cheongju P&T7 advanced packaging plant, and purchase production equipment including extreme ultraviolet lithography machines. In view of this, large-scale US dollars will be exchanged for Korean won, which means that the Korean foreign exchange market will usher in a large-scale “dollar supply.” The market believes that the massive inflow of US dollars through ADR is expected to ease the long-term weakness of the Korean won. The size of the US dollar inflow this time was assessed as a “currency exchange level.” In 2020, the Bank of Korea signed a $60 billion currency swap agreement with the US Federal Reserve System, which became a key step in stabilizing the market. At the time, the actual supply was 19.872 billion US dollars. The capital raised by SK Hynix this time is larger than that, at the same time, it is equivalent to 73% of South Korea's trade balance surplus in June of this year.

South Korean chip giant SK Hynix raised a total of about 26.5 billion US dollars by issuing depository certificates in the US on the 10th. After all the public offering procedures have been completed, the capital raised will be paid to SK Hynix on the 14th. The company plans to use the capital to invest in the first phase of the Yongin Semiconductor Cluster fab, the Cheongju P&T7 advanced packaging plant, and purchase production equipment including extreme ultraviolet lithography machines. In view of this, large-scale US dollars will be exchanged for Korean won, which means that the Korean foreign exchange market will usher in a large-scale “dollar supply.” The market believes that the massive inflow of US dollars through ADR is expected to ease the long-term weakness of the Korean won. The size of the US dollar inflow this time was assessed as a “currency exchange level.” In 2020, the Bank of Korea signed a $60 billion currency swap agreement with the US Federal Reserve System, which became a key step in stabilizing the market. At the time, the actual supply was 19.872 billion US dollars. The capital raised by SK Hynix this time is larger than that, at the same time, it is equivalent to 73% of South Korea's trade balance surplus in June of this year.