[SK Hynix ADR and Korean Common Stock to Open for Conversion at the End of the Month, but Arbitrage Trading Expected to Be Difficult] Odaily Planet Daily reports that SK Hynix ADR and Korean-listed common stock are expected to open for two-way conversion at the end of this month, but the arbitrage trading anticipated by individual investors is unlikely to materialize. Although conversion is theoretically possible, investors may find it difficult to freely execute conversions as they would with regular stock trading. The Korea Securities Depository (KSD) stated on the 16th that mutual conversion between SK Hynix ADR and Korean common stock will become possible after the 29th (the scheduled listing date of the newly issued Korean common stock). However, the actual conversion process requires meeting multiple conditions. Converting Korean common stock into ADR can only be done within the ADR issuance limit set by the issuer. For example, if the ADR issuance limit corresponds to 1 million shares of common stock and 900,000 shares have already been issued, only 100,000 shares remain available for new conversions. Conversely, converting ADR back into Korean common stock does not have a separate issuance limit. Industry insiders believe that individual investors will find it challenging to use this as a practical investment strategy. Converting common stock into ADR requires submitting a separate application through a brokerage and involves foreign exchange procedures. Additionally, the handling methods vary across brokerage firms, making it impossible to complete conversions instantly via mobile trading systems or online trading platforms like regular stock transactions. (Jinshi)