SK Hynix entered the NASDAQ market, raising $26.5 billion (about 40 trillion won) from the U.S. stock market. It is the largest foreign company listed on the U.S. stock market so far. SK Hynix announced on the morning of the 10th (local time) that it would hold an ‘Opening Bell’ event commemorating the listing of American Stock Depository Receipts (ADRs) at the Nasdaq Market Site located in Times Square, New York, USA, and begin official trading. Attending the event were SK Group Chairman Chey Tae-won, Executive Vice Chairman Choi Jae-won, and SK Hynix CEO Kwak No-jung. Bob McQuay, Vice Chairman of Nasdaq, who attended the event, said, “This listing is not only a milestone for SK Hynix, but also an important moment for the Korean and Asian capital markets.” In an interview with CNBC immediately after the listing, Chairman Choi said that he would invest the funds raised from global investors in improving production capacity, saying, "We will double our production capacity within five years. Our customers are asking us to make more memory." ADR is the trading of non-U.S. company stock on the U.S. stock market.