SK Hynix to pump $26bn into South Korea after blockbuster share sale

South Korean chipmaker SK Hynix is set to repatriate more than $26 billion from a massive share sale over the next month. The move is expected to stir volatility in the won, South Korea’s currency, as traders brace for the large inflow of dollars being converted back into local money. The blockbuster listing, one of the largest in the country’s history, will see the company bring the funds home after selling shares abroad. Currency analysts warn that the sudden conversion of such a huge sum could cause sharp swings in the won’s exchange rate. SK Hynix, a key player in the global semiconductor market, plans to use the proceeds for investments and debt repayment. The repatriation process is set to unfold over several weeks, giving markets time to adjust but also creating uncertainty for short-term traders.