▲ This photo shows a financial data screen in the dealing room of Hana Bank in Seoul on July 10, 2026. (Yonhap)

Korean won-volatility

S. Korean won rises ahead of SK hynix's U.S. listing

SEOUL, July 10 (Yonhap) -- The South Korean won strengthened against the U.S. dollar Friday, partly driven by dollar-selling ahead of SK hynix's U.S. listing that could be one of the world's largest share sales.

The won was quoted at 1,501.4 won per dollar at 3:30 p.m., up 4.7 won from the previous session.

The Korean currency opened at 1,506.7 won per dollar, down 0.6 won from the previous session.

Local firms appeared to have sold their U.S. dollars as SK hynix, the world's second-largest memory chipmaker, is expected to raise about 40 trillion won (US$26.5 billion) by selling its American depositary receipts (ADRs) on the Nasdaq market.

ADRs refer to securities issued in the U.S. stock market that allow the trading of shares in foreign firms. They allow companies to attract U.S.-based investors without a full listing of common shares.

The won's rise was also supported by the U.S. dollar's broad-based weakness.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 2.52 percent to close at 7,475.94 on Friday, but overseas investors sold a net 320 billion won worth of Korean shares.

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