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South Korea is considering using its foreign exchange fund to purchase the US dollar proceeds from SK Hynix's ADR issuance.

1 hours ago

South Korea's Economic Daily, citing investment banking sources, reported that the country's foreign exchange regulatory authorities are discussing using the Foreign Exchange Stabilization Fund to purchase U.S. dollars raised through SK Hynix's ADR issuance, to curb potential sharp fluctuations in the USD/KRW exchange rate.

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