# South Korea's Stock Market Blocks Corporate Funding

> South Korea's duplicate-listing rules block SK Hynix's $45bn U.S. plant funding.
- Title: South Korea's Stock Market Blocks Corporate Funding | Shortify
- Summary: South Korea's duplicate-listing rules block SK Hynix's $45bn U.S. plant funding.
- Keywords: south korea, sk hynix, solidigm, lg chem, duplicate listing, nasdaq, stock market, corporate funding, semiconductor plant, shareholder protection, markets, BigGo Finance
- Source: BigGo Finance — https://finance.biggo.com/news/96a8bfc8-bbcb-46ab-88ba-57b42cf73b7a
- Author: BigGo Finance
- Published: 2026-11-09T21:05:31+00:00
- Read time: 1 min
- Topics: south korea, sk hynix, solidigm, lg chem, duplicate listing, nasdaq, stock market, corporate funding, semiconductor plant, shareholder protection, finance, markets
## Duplicate-Listing Ban Blocks Funding
South Korea's duplicate-listing rules prevent SK Hynix from raising capital for a $45 billion to $100 billion U.S. semiconductor plant.
## SK Hynix Halts Nasdaq Listing Review
SK Hynix suspended its review of Solidigm's Nasdaq listing after Financial Supervisory Service criticized it as violating duplicate-listing rules.
## Solidigm's Funding Needs
Solidigm requires $45 billion to $100 billion to build NAND flash plants in New York State with U.S. government investment under discussion.
## LG Chem Benefits from Split
LG Chem raised 5.9 trillion won ($4.4 billion) by selling LG Energy Solution shares through price return swaps.
## Duplicate-Listing Rules Origin
The rules stem from concerns about shareholder dilution after LG Chem split its battery business in 2020.
## Rules Apply to Different Cases
The rules blocked LS from listing Essex Solutions, a great-grandchild subsidiary, after President Lee Jae-myung flagged it.
## LG Chem's Fundraising Strategy
LG Chem sold 6,535,939 LG Energy Solution shares for 2.5 trillion won ($1.9 billion) to reduce its stake to 76.59%.
## Shareholder Impact
When listings are blocked, companies must borrow from private equity funds, raising costs of capital for shareholders.
## Professor's Viewpoint
Shin Hyun-han says duplicate listings should be assessed by purpose of funds raised, not formal requirements.
## Industry Concerns
Korea Federation of Middle Market Enterprises says subsidiary listings boost competitiveness and long-term corporate value.
## Retail Investor Influence
South Korea's retail investors, sensitive to short-term price swings, drive tighter duplicate-listing rules.
## Funding Consequence
SK Hynix must cover U.S. plant costs through loans, burdening shareholders and potentially slowing economic growth.
## Key takeaway

South Korea's duplicate-listing rules prevent SK Hynix from raising capital for a $45bn-$100bn U.S. semiconductor plant.