【Caixin Net】**After the close of the Korean stock market on July 9, SK hynix will complete the final pricing of its ADR in the US; at US time on July 10, SK hynix’s US-listed ADS will officially start trading on Nasdaq. The pre-issuance code is SKHYV, and the regular trading code is SKHY; on the same day, the Korea Exchange will also issue new shares in sync.**　　ADR (American Depositary Receipt), or American Depositary Receipt, is a transferable certificate issued by a US depositary bank that represents ownership of a specified number of ordinary shares of a non-US company issued in its home market. Each ADR corresponds to a certain ratio of the underlying shares—SK hynix’s arrangement is 10 ADRs for 1 underlying share. Simply put, it’s a financial instrument that lets US investors buy and sell shares of foreign companies as if they were trading domestic stocks, helping address many barriers to cross-border investing.