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ADR (American Depositary Receipt)

A certificate that lets US investors trade a foreign company's shares in dollars on a US exchange.
Also known as: Korean ADRs, depositary shares

What it is

An American Depositary Receipt is issued by a US depositary bank that holds the foreign company's underlying shares. ADRs trade in dollars on the NYSE or Nasdaq, and each ADR represents a fixed number of underlying shares set for that program.

Korean ADRs

KB Financial (KB), Shinhan Financial (SHG), Woori Financial (WF), POSCO Holdings (PKX), KEPCO (KEP), SK Telecom (SKM), KT (KT) and LG Display (LPL) have ADRs on the NYSE, and SK hynix listed ADRs on Nasdaq (SKHY) in July 2026. See the list of Korean ADRs on ATS View for tickers and the matching KRX codes.

What to keep in mind

Korean news released after the Seoul close often shows up first in ADR prices during US hours. ADR prices differ slightly from the Korean share price times the exchange rate and ratio, dividends are paid in dollars, and depositary fees may be deducted.

See related filings and news data →

This explanation is general information, not investment advice. Rules reflect September 2026 and may change; check official exchange and broker notices.

ADR (American Depositary Receipt): questions

Which Korean companies have ADRs?
KB Financial, Shinhan Financial, Woori Financial, POSCO Holdings, KEPCO, SK Telecom, KT and LG Display trade on the NYSE, and SK hynix listed ADRs on Nasdaq in July 2026. The Korean ADR page lists tickers with the matching KRX codes.
Why does an ADR price differ from the Seoul price?
The ADR trades in dollars during US hours, so it also reflects the exchange rate, the shares-per-ADR ratio and whatever happens after the Seoul close. Depositary fees may be deducted from dividends.
Do ADRs react to Korean news first?
Often yes for news released after the Seoul close, because the ADR is the only place the stock trades until Korea reopens.