Korean regulators see potential Solidigm US IPO as dual-listing violation

What happened: South Korea's Financial Supervisory Service Gov. Lee Chan-jin said the FSC and FSS believe a potential US listing of SK hynix subsidiary Solidigm would violate dual-listing restrictions, though authorities have not determined whether they can intervene. Why it matters: Regulators are awaiting a legal interpretation on whether Solidigm would be subject to Korean securities filing requirements. Lee stopped short of suggesting authorities would block the listing, and said he would consider raising concerns with SK hynix.

South Korea's Financial Supervisory Service Gov. Lee Chan-jin said the FSC and FSS believe a potential US listing of SK hynix subsidiary Solidigm would violate dual-listing restrictions, though authorities have not determined whether they can intervene.

Regulators are awaiting a legal interpretation on whether Solidigm would be subject to Korean securities filing requirements. Lee stopped short of suggesting authorities would block the listing, and said he would consider raising concerns with SK hynix.