KDIC raises $113 million from clean-up sale in SK Hynix

The block trade comes following the tech company’s earnings announcement and after gains in Asian markets yesterday. It prices at a 1% discount to the latest close.

<div style="text-align: left;"> KDIC Building in Seoul </div>

April 25, 2013

Korea Deposit Insurance Corp (KDIC) has sold its entire remaining stake in SK Hynix, one of the world’s major semiconductor suppliers, raising W126.1 billion ($113 million). The deal fixed the price just below the mid-point of the indicative range for a tight 1% discount.

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