South Korean Regulators Say Solidigm U.S. Listing May Breach Rules

A proposed U.S. listing by Solidigm, SK hynix’s U.S. subsidiary, may violate South Korean dual-listing rules, Financial Supervisory Service Gov. Lee Chan-jin said.

Separately, Lee said South Korean regulators are studying whether a U.S. IPO by Solidigm would require review under domestic law. Lee made the remarks in response to a question about protecting SK hynix minority shareholders if Solidigm lists.