Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Cross Asset Strategy

<ul>
<li>In this insight, we discuss the recent buying and selling by the Korea National Pension Service (NPS) of Korean stocks.</li>
<li>Of the 176 Korean stocks in which NPS reported changes in ownerships in 2Q 2022, NPS increased its stakes in 115 companies and reduced stakes in 61 companies.</li>
<li>NPS mostly increased stakes in aerospace, defense, construction equipment, and energy sectors while reducing stakes in telecom and tourism related stocks.</li>
</ul>


In this insight, we discuss the recent buying and selling by the Korea National Pension Service (NPS) of Korean stocks.
Of the 176 Korean stocks in which NPS reported changes in ownerships in 2Q 2022, NPS increased its stakes in 115 companies and reduced stakes in 61 companies.
NPS mostly increased stakes in aerospace, defense, construction equipment, and energy sectors while reducing stakes in telecom and tourism related stocks.


NPS Sells SK Bioscience, Naver, & LG Electronics and Buys Kakao Bank, Lotte Corp, & Samyang Foods

The Korea Exchange announced its KOSDAQ150 and KRX300 indices rebalances today. There were 17 new additions and 17 deletions for KOSDAQ150. Most of the stocks that were expected to be included in KOSDAQ 150 were officially included in the rebalance. However there were a few surprises. For example <a href="https://www.smartkarma.com/entities/nanos-co-ltd" target="_blank" data-smartkarma-citation="entities:16796:1" rel="noopener">Nanos Co Ltd (151910 KS),</a>which was one of the stocks that was expected to be included in KOSDAQ150, did not get included in this indext this time. On the other hand, the following stocks including <a href="https://www.smartkarma.com/entities/sang-a-frontec-co-ltd" target="_blank" data-smartkarma-citation="entities:20692:1" rel="noopener">Sang A Frontec (089980 KS)</a>, Novarex (194700 KS(, CIS (222080 KS), MedPacto (215980 KS), <a href="https://www.smartkarma.com/entities/koreacenter-com-co-ltd" target="_blank" data-smartkarma-citation="entities:28329:1" rel="noopener">Koreacenter.com Co Ltd (290510 KS)</a>, and Soulbrain (357780 KS) which were not on the top of the lists of getting selected into the KOSDAQ150 index by the locals, were formally selected be part of the new KOSDAQ150 inclusions.  The Korea Exchange also made changes to the KRX300 index. Although the KRX300 index is not currently as important as KOSPI200 and KOSDAQ150 indices, it is increasingly gaining in importance among the local institutional investors. The KRX300 had 33 new additions and 35 deletions.

The Korea Exchange announced its KOSDAQ150 and KRX300 indices rebalances today. There were 17 new additions and 17 deletions for KOSDAQ150. Most of the stocks that were expected to be included in KOSDAQ 150 were officially included in the rebalance. However there were a few surprises. For example Nanos Co Ltd (151910 KS),which was one of the stocks that was expected to be included in KOSDAQ150, did not get included in this indext this time. On the other hand, the following stocks including Sang A Frontec (089980 KS), Novarex (194700 KS(, CIS (222080 KS), MedPacto (215980 KS), Koreacenter.com Co Ltd (290510 KS), and Soulbrain (357780 KS) which were not on the top of the lists of getting selected into the KOSDAQ150 index by the locals, were formally selected be part of the new KOSDAQ150 inclusions.  The Korea Exchange also made changes to the KRX300 index. Although the KRX300 index is not currently as important as KOSPI200 and KOSDAQ150 indices, it is increasingly gaining in importance among the local institutional investors. The KRX300 had 33 new additions and 35 deletions. 

KOSDAQ150 and KRX300 Indices Rebalances (Overlapping Additions & Deletions)

Thematic (Sector/Industry)

On February 23rd, the Korean government announced numerous domestic consumption boosting measures. Among them included a discount of 30-50% on KTX (high speed rail in Korea) if the tickets are purchased 25 days in advance. This discount on high speed rail is effective starting August. This annoucement is likely to negatively impact the domestic low cost airlines such as Jeju Airlines as well as major airlines such as <a href="https://www.smartkarma.com/entities/1896" target="_blank" data-smartkarma-citation="entities:1896:1">Asiana Airlines (020560 KS)</a> since there will likely be more people that will…

On February 23rd, the Korean government announced numerous domestic consumption boosting measures. Among them included a discount of 30-50% on KTX (high speed rail in Korea) if the tickets are purchased 25 days in advance. This discount on high speed rail is effective starting August. This annoucement is likely to negatively impact the domestic low cost airlines such as Jeju Airlines as well as major airlines such as Asiana Airlines (020560 KS) since there will likely be more people that will…

Korean Govt Measures To Invigorate Domestic Consumption

Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

Glenwood Private Equity and NH Private Equity selected a shortlist of seven bidders who had made it to the second round of bidding for Tongyang Magic. <a href="https://www.smartkarma.com/entities/23567" target="_blank" data-smartkarma-citation="entities:23567">AJ Networks Co., Ltd. (095570 KS)</a> and <a href="https://www.smartkarma.com/entities/20578" target="_blank" data-smartkarma-citation="entities:20578">Sk Networks Co Ltd (001740 KS)</a> are now thought to be favored by Tongyang Magic's management. <a href="https://www.smartkarma.com/entities/13964" target="_blank" data-smartkarma-citation="entities:13964">CJ Corp (001040 KS)</a> had also made it to the second round. But CJ is believed to be lagging behind AJ Networks and SK Networks in the race. The final round of bidding is expected to be held in the middle of September…

Glenwood Private Equity and NH Private Equity selected a shortlist of seven bidders who had made it to the second round of bidding for Tongyang Magic. AJ Networks Co., Ltd. (095570 KS) and Sk Networks Co Ltd (001740 KS) are now thought to be favored by Tongyang Magic's management. CJ Corp (001040 KS) had also made it to the second round. But CJ is believed to be lagging behind AJ Networks and SK Networks in the race. The final round of bidding is expected to be held in the middle of September…

Who Is AJ Networks (095570)? Most Favored Bidder for Tongyang Magic

South Korea is following in the footsteps of Japan in declining birth rates. Unless radical steps are taken (or if there is unforeseen macro event such as the reunification of North and South Korea), it will be difficult to change the declining birth rates in South Korea, which had 50.8 million people as of April 2016. At current pace, South Korea's population is expected to stop growing when it reaches around 52 million people in 2030. Today, the South Korean government announced a massive 109…

South Korea is following in the footsteps of Japan in declining birth rates. Unless radical steps are taken (or if there is unforeseen macro event such as the reunification of North and South Korea), it will be difficult to change the declining birth rates in South Korea, which had 50.8 million people as of April 2016. At current pace, South Korea's population is expected to stop growing when it reaches around 52 million people in 2030. Today, the South Korean government announced a massive 109…

Korean Government Announces 109 Trillion Won in Spending Measures to Boost Birth Rates

South Korea

CJ Freshway Corp. markets and provides various groceries to food service companies and restaurants.  The Company also caters to company's restaurants, schools, airports, and private restaurants and processes agricultural products.

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Cj Freshway (051500 KS)

NPS Sells SK Bioscience, Naver, & LG Electronics and Buys Kakao Bank, Lotte Corp, & Samyang Foods

NPS moves the Korean stock market more than any other investor. In this insight, we discuss the recent buying and selling by the Korea National...

Douglas Kim

KOSDAQ150 and KRX300 Indices Rebalances (Overlapping Additions & Deletions)

We highlight the KOSDAQ150 and KRX300 indices rebalances. There are some interesting new names, especially among those that are over lapping in...

Douglas Kim

Korean Govt Measures To Invigorate Domestic Consumption

On February 23rd, the Korean government announced numerous domestic consumption boosting measures. Among them included a discount of 30-50% on KTX...

Douglas Kim

Who Is AJ Networks (095570)? Most Favored Bidder for Tongyang Magic

Glenwood Private Equity and NH Private Equity selected a shortlist of seven bidders who had made it to the second round of bidding for Tongyang...

Sanghyun Park

Korean Government Announces 109 Trillion Won in Spending Measures to Boost Birth Rates

South Korea is following in the footsteps of Japan in declining birth rates. Unless radical steps are taken (or if there is unforeseen macro event...

Douglas Kim

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