The South Korean market goes straight from the ICU to KTV! SK Hynix's $29 billion ADR ignites capital inflow Korean won joins hands with storage giants to stage a "stock and currency rebound."

Wisdom Capital APP learned that, according to a source within the South Korean government, South Korean officials are preparing for the issuance of American Depositary Receipts (ADRs) by the storage chip giant SK Hynix Inc in the US stock market, leading to a strengthening of the South Korean won exchange rate. As of the close of the South Korean stock market on Friday, the benchmark KOSPI composite index rose nearly 6% under the strong rebound of the stock prices of the two major storage giants SK Hynix and Samsung Electronics. The stock prices of SK Hynix and Samsung Electronics, as well as the South Korean stock market, soared from Thursday's crash and suspension to a strong rise on Friday. The South Korean won exchange rate and stock market can be said to have moved together from the ICU to a bullish party at KTV on Friday.