SK HERCULES ADR IS CLOSE TO 50% OF THE KOREAN STOCK PREMIUM

ON 15 JULY, JUST THREE DAYS AFTER THE LISTING OF SK HERCULES ADR, THE STOCK PREMIUM HAS SKYROCKETED TO NEARLY 50 PER CENT OVER ITS SOUTH KOREAN LISTING. ON TUESDAY, HERCULES ADR SKYROCKETED TO AS HIGH AS 23 PER CENT, THE DAY BEFORE THE RECORD SALES OF THE KOREAN STOCK MARKET LED TO A SHARP DROP OF OVER 9 PER CENT IN ITS TIME IN UNITED STATES STOCK TRADING. AT PRESENT, ITS ADR PREMIUM HAS RISEN TO ABOUT 46 PER CENT, WELL ABOVE THE 3 PER CENT PRICE DIFFERENCE SET FOR LAST WEEK WHEN IT WAS ISSUED. ACCORDING TO A UNITED STATES SECURITIES AND EXCHANGE COMMISSION DOCUMENT, EACH SK HERCULES ADR IS EQUIVALENT TO ONE TENTH OF THE ORDINARY STOCK. TUESDAY'S REBOUND OCCURRED WHEN SK HERCULES ADR OPTIONS STARTED TRADING ON THE UNITED STATES OPTIONS EXCHANGE, MAKING IT EASIER FOR THE WORLD'S LARGEST DERIVATIVES MARKET TRADERS TO TRADE THE COMPANY。