Korean Media: Samsung Secretly Researching Feasibility of U.S. IPO, Company Previously Denied Such Plans

BlockBeats News, July 15th - According to South Korean media outlet Bloter, sources revealed that Samsung Electronics has begun an internal study of various options for issuing ADRs in the United States and has started to assess the related operational processes. Bloomberg reported on July 14th that Samsung Electronics has had preliminary discussions with multiple investment banks about a possible ADR listing in the U.S. Samsung Electronics responded by stating that it has not considered a U.S. market listing through ADR issuance. However, market observers believe that Samsung Electronics' denial this time does not mean that the possibility of issuing ADRs in the future has been completely ruled out. Despite denying the plan, under management instructions, relevant business units have started evaluating the potential costs, benefits, and required procedures for ADR issuance. Semiconductor industry insiders revealed on July 15th that the company's management recently asked relevant departments to study whether it is possible to design a viable architecture for the company to issue ADRs. As part of the study, Samsung Electronics personnel have inquired about the recent ADR issuance and Nasdaq listing of SK Hynix.