South Korean lawmakers urge SK Hynix to protect shareholder interests in Solidigm IPO

Ryu Ki-hyung, a lawmaker from South Korea's ruling party, posted on Facebook that if SK Hynix plans to take its U.S. subsidiary Solidigm public, the board must fully assess and explain the impact on shareholders. Ryu, who leads a special committee studying so-called 'Korea discount' issues, emphasized that the board should clarify the necessity of the IPO, explore alternative financing options, and outline measures to protect existing shareholders. He noted that even with an overseas listing, shareholder protection principles apply, as independent listing could dilute parent company shareholder value. SK Hynix should communicate with shareholders and consider seeking their consent if the IPO significantly affects shareholder value.