Affected by the decline in the stock price, SK Hynix reduced the ADR issuance size from $29 billion to $28 billion, corresponding to an ADR price in the U.S. stock market of approximately $157.4 per ADR.

SK Hynix is currently quoted at $1,534 before the market opens.
💡 (U.S. stock split ratio: 10 ADRs = 1 common share in Korea)
Affected by the stock price decline, SK Hynix lowered the estimated proceeds to be raised from its American Depositary Receipt (ADR) issuance, but this adjustment does not affect the number of shares to be issued. The final pricing will still be determined through the book-building process.
According to documents SK Hynix submitted to regulators, the company reduced the estimated ADR issuance size from approximately 45.45 trillion Korean won (about $29 billion) to approximately 43.14 trillion Korean won (about $28 billion). This adjustment was driven by an update to the reference share price—the company changed the benchmark price from the June 23 closing price of 255.5 million Korean won to the July 3 closing price of 242.5 million Korean won, representing a decline of about 5%. As a result, the estimated proceeds to be raised decreased by approximately 2.31 trillion Korean won (about $1 billion).
⚠️Notably, since the total number of ADRs issued remains unchanged, this downgrade is purely due to the stock price movement and not a signal that the company is actively reducing its financing intention. Although the reference price has been updated, SK Hynix emphasized that the final issuance price of the ADRs and the actual amount of funds raised will still be determined through the book-building process. In such procedures, underwriters typically solicit price indications from institutional investors, and the final pricing may differ from the current reference price.