Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>Lee Bok-hyun, FSS Chairman, unexpectedly reversed his stance and now opposes Choi's veto on the amendment, pushing for shareholder protection and adjustments in subordinate regs instead.</li>
<li>From a short-term trading angle, traders will focus on stocks with high volatility potential related to auditor appointments rather than the extension of directors' fiduciary duties to shareholders.</li>
<li>Large-Cap banks and non-bank stocks, with low controlling stakes and high foreign ownership, are likely to see significant short-term trading impact.</li>
</ul>


Lee Bok-hyun, FSS Chairman, unexpectedly reversed his stance and now opposes Choi's veto on the amendment, pushing for shareholder protection and adjustments in subordinate regs instead.
From a short-term trading angle, traders will focus on stocks with high volatility potential related to auditor appointments rather than the extension of directors' fiduciary duties to shareholders.
Large-Cap banks and non-bank stocks, with low controlling stakes and high foreign ownership, are likely to see significant short-term trading impact.


What We Need to Know About the Korean Commercial Act Amendment Right Now

Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

Equity Derivatives

<ul>
<li>As reported by <a href="https://www.smartkarma.com/profiles/douglas-kim" target="_blank" data-smartkarma-citation="accounts:342" rel="noopener">Douglas Kim</a>, <a href="https://www.smartkarma.com/entities/samsung-life-insurance-co-ltd" target="_blank" data-smartkarma-citation="entities:510:1" rel="noopener">Samsung Life Insurance</a> and <a href="https://www.smartkarma.com/entities/samsung-fire-marine-insurance" target="_blank" data-smartkarma-citation="entities:511:1" rel="noopener">Samsung Fire &amp; Marine Insurance</a> plan to sell shares of <a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:191:1" rel="noopener">Samsung Electronics (005930 KS)</a> in block deal sales. </li>
<li>
<a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:191:1" rel="noopener">Samsung Electronics (005930 KS)</a> has been in a flat, bottoming behavior, since November 2024. We have <a href="https://www.smartkarma.com/insights/samsung-electronics-005930-ks-primed-for-a-rally-key-profit-targets" target="_blank" rel="noopener">previously discussed</a> the possibility that the stock may start to rally. </li>
<li>At the moment the stock has been down for 3 weeks in a row, our model is indicating a WEEKLY oversold condition that may trigger a (short-term) rally.
</li>
</ul>


As reported by Douglas Kim, Samsung Life Insurance and Samsung Fire &amp; Marine Insurance plan to sell shares of Samsung Electronics (005930 KS) in block deal sales. 

Samsung Electronics (005930 KS) has been in a flat, bottoming behavior, since November 2024. We have previously discussed the possibility that the stock may start to rally. 
At the moment the stock has been down for 3 weeks in a row, our model is indicating a WEEKLY oversold condition that may trigger a (short-term) rally.



Samsung Electronics (005930 KS) Outlook After 278B Won Shares Block Deal Sale

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

<ul>
<li>In this insight, we discuss the alpha generation through companies that announced share buybacks in the Korean stock market in January and February 2025. </li>
<li>There were 37 companies in the Korean stock market that announced share buybacks in the past two months. On average, the share buyback announcements represented 2.3% of outstanding shares.</li>
<li>Some of the notable share buybacks by Korean companies in the past two months include Samsung Electronics, Celltrion, Hyundai Mobis, and INFOvine.</li>
</ul>


In this insight, we discuss the alpha generation through companies that announced share buybacks in the Korean stock market in January and February 2025. 
There were 37 companies in the Korean stock market that announced share buybacks in the past two months. On average, the share buyback announcements represented 2.3% of outstanding shares.
Some of the notable share buybacks by Korean companies in the past two months include Samsung Electronics, Celltrion, Hyundai Mobis, and INFOvine.


Alpha Generation Through Share Buybacks in Korea: Bi-Monthly (January and February 2025)

Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

Equity Bottom-Up

<ul><li>SK Hynix CEO remains bullish on semiconductor industry growth, highlighting new opportunities amidst challenges like DeepSeek.</li><li>Oppo forges ahead with release of Find N5 foldable phone, undeterred by market slowdown in pursuit of growth and innovation.</li><li>EU greenlights funds for Infineon's Dresden fab in chip incentive effort, signaling continued support for semiconductor sector. Samsung exec receives sentence for leaking 18nm DRAM tech to CXMT, highlighting importance of protecting intellectual property.</li></ul>

SK Hynix CEO remains bullish on semiconductor industry growth, highlighting new opportunities amidst challenges like DeepSeek.Oppo forges ahead with release of Find N5 foldable phone, undeterred by market slowdown in pursuit of growth and innovation.EU greenlights funds for Infineon's Dresden fab in chip incentive effort, signaling continued support for semiconductor sector. Samsung exec receives sentence for leaking 18nm DRAM tech to CXMT, highlighting importance of protecting intellectual property.

Tech Supply Chain Tracker (22-Feb-2025): SK Hynix CEO optimistic on semiconductor industry post-DeepSeek.

Samsung Electronics Pref Shares / Event-Driven

<ul>
<li>Samsung Life isn't getting a boost from Samsung Fire, so they need to stay focused on managing equity to maintain their K-ICS ratio.</li>
<li>They’ll use capital securities issuance as a quick fix but must also monitor their Samsung Electronics stake, a major asset, to manage the situation effectively.</li>
<li>Samsung Electronics will likely focus on dividends over buybacks. Watch for a pair trade setup between common and preferred shares, favoring long positions on preferreds.</li>
</ul>


Samsung Life isn't getting a boost from Samsung Fire, so they need to stay focused on managing equity to maintain their K-ICS ratio.
They’ll use capital securities issuance as a quick fix but must also monitor their Samsung Electronics stake, a major asset, to manage the situation effectively.
Samsung Electronics will likely focus on dividends over buybacks. Watch for a pair trade setup between common and preferred shares, favoring long positions on preferreds.


Clarifying Samsung Life’s Position on How Samsung Electronics Structures Its Shareholder Returns

South Korea

Samsung Electronics Co., Ltd. manufactures a wide range of consumer and industrial electronic equipment and products such as semiconductors, personal computers, peripherals, monitors, televisions, and home appliances including air conditioners and microwave ovens. The Company also produces Internet access network systems and telecommunications equipment including mobile phones.

Samsung Electronics Pref Shares (005935 KS)

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Samsung Electronics Pref Shares (005935 KS)

What We Need to Know About the Korean Commercial Act Amendment Right Now

This post highlights the key points of the amendment to the Commercial Act in Korea, which was passed by the National Assembly just yesterday.

Sanghyun Park

Samsung Electronics (005930 KS) Outlook After 278B Won Shares Block Deal Sale

Shares of Samsung Electronics are soon going to be sold in block deal sales. The stock is oversold and has been "bottoming" since November 2024, we...

Nico Rosti

Tech Supply Chain Tracker (22-Feb-2025): SK Hynix CEO optimistic on semiconductor industry post-DeepSeek.

SK Hynix CEO optimistic about semiconductor industry growth, Oppo introduces Find N5 foldable phone, EU funds Infineon's fab, ex-Samsung exec...

Tech Supply Chain Tracker

Clarifying Samsung Life’s Position on How Samsung Electronics Structures Its Shareholder Returns

This post clarifies Samsung Life’s position on how Samsung Electronics structures its shareholder returns in the upcoming value-up disclosure.

Sanghyun Park

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

What We Need to Know About the Korean Commercial Act Amendment Right Now

This post highlights the key points of the amendment to the Commercial Act in Korea, which was passed by the National Assembly just yesterday.

Sanghyun Park

Samsung Electronics (005930 KS) Outlook After 278B Won Shares Block Deal Sale

Shares of Samsung Electronics are soon going to be sold in block deal sales. The stock is oversold and has been "bottoming" since November 2024, we...

Nico Rosti

Alpha Generation Through Share Buybacks in Korea: Bi-Monthly (January and February 2025)

In this insight, we discuss the alpha generation through companies that announced share buybacks in the Korean stock market in January and February...

Douglas Kim

Tech Supply Chain Tracker (22-Feb-2025): SK Hynix CEO optimistic on semiconductor industry post-DeepSeek.

SK Hynix CEO optimistic about semiconductor industry growth, Oppo introduces Find N5 foldable phone, EU funds Infineon's fab, ex-Samsung exec...

Tech Supply Chain Tracker

Clarifying Samsung Life’s Position on How Samsung Electronics Structures Its Shareholder Returns

This post clarifies Samsung Life’s position on how Samsung Electronics structures its shareholder returns in the upcoming value-up disclosure.

Sanghyun Park