South Korean company SK Hynix is planning to list its shares on the New York Stock Exchange. This step is seen as potentially helping to narrow the valuation gap between the South Korean chipmaker and its American counterpart, Micron Technology. SK Hynix said in a regulatory filing on Wednesday that it is considering various measures to enhance the company's value, including a possible U.S. stock market listing using treasury shares, but nothing has been finalized at this time. This comes after the Korea Economic Daily reported on Tuesday that the company had received proposals from several investment banks to list about 2.4% of its existing shares, or approximately 17.4 million shares, as American depositary receipts (ADRs).
