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A blockbuster share sale can look like a national triumph and a currency complication in the same breath.
SK Hynix, the South Korean chipmaker, is set to repatriate more than $26 billion raised from its listing over the coming month. Traders are already bracing for what that volume of inbound conversion does to the won.
The scale of the flow More than $26 billion returning to South Korea inside a single month is a rare event in most currency markets.
The repatriation timeline is compressed: the won has to absorb the conversion within a defined window rather than over a longer, smoother arc. That concentration is what traders are watching.
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