Serena: SK Hercules ADR over 25% of the Korean stock premium

According to the early release of In 2021, Serenity stated that SK Hercules ADR exceeded the Korean local stock premium by 25 per cent. Following the opening of the conversion mechanism on 29 July, arbitrage transactions could contribute to narrowing the price gap between the two locations. Currently, only about 2.5 per cent of SK Hercules shares are in circulation ADR, and about 22.5 per cent of future shares will have conversion space. arbitrage funds affect the price of the two shares by buying local Korean shares and converting them into ADRs。