Seoul: SK hynix Inc. announced that it has initiated the process of listing on the U.S. stock market. The South Korean semiconductor company disclosed that it submitted a "confidential submission" to the U.S. Securities and Exchange Commission (SEC) on Tuesday, aiming to list its American depositary receipts (ADRs) on the U.S. stock exchange by the end of the year.

According to Yonhap News Agency, the specifics of the listing, including size and timeline, remain undecided and will depend significantly on market conditions. SK hynix emphasized that the final decision regarding the listing will be made by the SEC.