[SK Hynix US Stock ADR Officially Interchangeable with Korean Stocks Starting Today] BlockBeats news, on July 29, SK Hynix's American Depositary Receipt (ADR, ticker: SKHY) listed on the Nasdaq has officially launched a conversion mechanism with its Korean domestic stocks. Starting today, investors can convert US stock ADRs into Korean stocks or vice versa (subject to certain regulatory restrictions), providing global investors with more flexible cross-border trading options. This move follows SK Hynix's completion of approximately $26.5 billion ADR issuance and listing in early July, further enhancing the global liquidity of its stocks. Each ADR corresponds to one-tenth of a Korean stock, and the US stock side currently maintains a certain premium in trading. It is important to note that actual conversions cannot be completed on the same day and require processing through the depositary bank (Citibank), foreign exchange declarations, administrative procedures, etc., which typically take several business days. Applications are primarily submitted through brokers to KSD/depositary banks, but the execution of trades and arbitrage effects are influenced by the trading hours of Korean and US stocks (Korean stocks trade during the day, US stocks trade at night).