South Korea: New procedure for South Korean ADRs and GDRs


We have received information that a new documentation process may be required with regard to South Korean American and Global Depository Receipts (ADRs and GDRs).

We are working closely with market participants and will issue a customer Announcement as soon as more information is available.

The latest disclosure requirements for South Korean ADR and GDR holders were published in our Announcement A12230, dated 14 December 2012.

This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice.