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Solidigm dual listing under regulation, SK Hynix duties

South Korean financial regulators have officially determined that Solidigm's potential U.S. listing constitutes a dual listing subject to regulation. Financial Services Commission Chairman Lee Bok-hyun stated on October 22 that the listing plan falls under current dual-listing rules, and that SK Hynix and SK Square, as parent companies, have related shareholder-protection obligations. This follows Financial Supervisory Service Governor Lee Chan-jin's earlier remark that the listing 'may constitute a dual listing.' The Korea Times reports that regulators face calls to block the Nasdaq listing over concerns about protections for SK Hynix's Korean shareholders. Chosun Ilbo notes that experts see low legal effectiveness of sanctions but say the verbal intervention itself could pressure SK Hynix to withdraw the listing, leaving the company in a dilemma.

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