Clear explanations of the SKHY depositary share, Korea-listed 000660, foreign-exchange conversion and the market timing behind a displayed ADR premium.
Yes. The premium is a gap between two prices, not a price itself — so 000660 catching up, a stronger won, or Korea's reopen can crush the premium while SKHY holds or even rises. The arithmetic behind each path.
Ten SKHY ADSs equal one Korean share, yet the Nasdaq listing keeps trading above the FX-adjusted value of 000660. How scarce ADR supply, the 2.5% conversion quota, asymmetric arbitrage, and trading-hour gaps keep the premium alive.
Three memory leaders compared on HBM share, revenue, and market cap — and why only SK Hynix carries an ADR premium while Micron, as the U.S. home-market listing, cannot have one at all.
SKHY can be cancelled into SK hynix Korean shares, but the reverse deposit is conditional and can be refused. Why the facility is asymmetric — and what that means for the premium.
TSMC's 29-year-old ADR carries a premium that has swung from single digits to roughly 30%. Its long record is a reference point for reading SKHY's wide 15.8-51.1% debut range — and for why neither spread is free arbitrage.
A data-led review of SKHY's first 11 Nasdaq sessions: the round trip in price, 610.5 million shares of volume, and a matched-close ADR premium that ranged from 15.8% to 51.1%.
HBM feeds AI accelerators with data. A sourced look at SK hynix's lead, Samsung and Micron's progress, and why HBM fundamentals should not be confused with the SKHY ADR premium.
A complete walkthrough of the SK Hynix ADR premium formula, including the official 10-to-1 ADS ratio, USD/KRW conversion and a real historical example.