Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Equity Capital Markets

<ul>
<li>This is our 10th "Annual Edition of the Major Korean IPOs Pipeline Preview" at Smartkarma.</li>
<li>This insight will feature 50 of the biggest potential IPOs in Korea in 2025.</li>
<li>These 50 IPOs in Korea are likely to represent more than 80% of all capital raised through IPOs in Korea next year.</li>
</ul>


This is our 10th "Annual Edition of the Major Korean IPOs Pipeline Preview" at Smartkarma.
This insight will feature 50 of the biggest potential IPOs in Korea in 2025.
These 50 IPOs in Korea are likely to represent more than 80% of all capital raised through IPOs in Korea next year.


2025 ("Year of the Snake") Major IPOs Pipeline in Korea

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.

Thematic (Sector/Industry)

<ul>
<li>Korea’s impeachment drama hit a tipping point, with the second motion against Yoon set for a vote on the 14th, and the market pricing in a 100% chance of approval.</li>
<li>The market’s all-in on a Democratic Party win in May, as public sentiment against the president makes the ruling party’s chances virtually non-existent.</li>
<li>Target stocks impacted by corporate law changes, then focus on sector-specific plays, particularly the energy policy shift and growing support for virtual assets.</li>
</ul>


Korea’s impeachment drama hit a tipping point, with the second motion against Yoon set for a vote on the 14th, and the market pricing in a 100% chance of approval.
The market’s all-in on a Democratic Party win in May, as public sentiment against the president makes the ruling party’s chances virtually non-existent.
Target stocks impacted by corporate law changes, then focus on sector-specific plays, particularly the energy policy shift and growing support for virtual assets.


Yoon’s Impeachment a Lock, Regime Change Trade Set for May

Event-Driven

<ul>
<li>A Democratic Party insider noted some proposals need legal tweaks, so the December 10 deadline may slip, but they’re set on passing the expanded director loyalty duty.</li>
<li>FKI analyzed top conglomerates’ shareholder structures and found four of the top 10 facing substantial risks.</li>
<li>We need more clarity before jumping in, but with MBK driving Korea's hostile M&amp;A scene and the Commercial Act amendments, local chaebols facing control battles are a key KOSPI theme.</li>
</ul>


A Democratic Party insider noted some proposals need legal tweaks, so the December 10 deadline may slip, but they’re set on passing the expanded director loyalty duty.
FKI analyzed top conglomerates’ shareholder structures and found four of the top 10 facing substantial risks.
We need more clarity before jumping in, but with MBK driving Korea's hostile M&amp;A scene and the Commercial Act amendments, local chaebols facing control battles are a key KOSPI theme.


Korea Pushes to Expand Director’s Duty of Loyalty: Focus on Hostile Takeover-Risk Conglomerates

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>China overtakes Japan in auto exports despite tariff hurdles, solidifying its dominance in the industry.</li><li>Samsung Display moves up 8.6G IT OLED mass production plan to 2025, aiming for quicker industry advancements.</li><li>Nvidia's Jensen Huang requests early HBM4 delivery from SK Hynix, signaling potential developments in the tech sector.</li></ul>

China overtakes Japan in auto exports despite tariff hurdles, solidifying its dominance in the industry.Samsung Display moves up 8.6G IT OLED mass production plan to 2025, aiming for quicker industry advancements.Nvidia's Jensen Huang requests early HBM4 delivery from SK Hynix, signaling potential developments in the tech sector.

Tech Supply Chain Tracker (06-Nov-2024): China leads in auto exports over Japan despite tariffs.

External broker reports(aggregated public sources), Daishin Securities

Daishin Securities

External broker reports(aggregated public sources)

Founded in 1962, Daishin Securities is a leading financial services provider in Korea. Daishin securities does its best to provide high quality financial service and to satisfy the various needs of investors. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Value-Up disclosure aimed at raising PBR by strengthening ROE and shareholder returns </li><li>Three implementation plans set to reach a target of ROE of 10% by 2027</li><li>Boosting shareholder returns through dividend payouts of at least W5,000 + treasury share buybacks worth 1-2% of its market cap</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Value-Up disclosure aimed at raising PBR by strengthening ROE and shareholder returns Three implementation plans set to reach a target of ROE of 10% by 2027Boosting shareholder returns through dividend payouts of at least W5,000 + treasury share buybacks worth 1-2% of its market capContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SK - Towards Higher ROE, Greater Shareholder Returns

South Korea

SK Holdings Co., Ltd. is a holdings company that is engaged in various industries including energy, chemicals, information technology, semiconductors, marketing, and services businesses in South Korea and internationally.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

SK Inc (034730 KS)

2025 ("Year of the Snake") Major IPOs Pipeline in Korea

This is our 10th "Annual Edition of the Major Korean IPOs Pipeline Preview" at Smartkarma. This insight will feature 50 of the biggest potential...

Douglas Kim

Yoon’s Impeachment a Lock, Regime Change Trade Set for May

Yoon’s impeachment is pretty much a lock, with the market pricing in a 100% chance. We should get ready for theme trading plays aiming at the...

Sanghyun Park

Korea Pushes to Expand Director’s Duty of Loyalty: Focus on Hostile Takeover-Risk Conglomerates

Korea’s majority party is doubling down on expanding the director’s duty of loyalty to include shareholders. This post spotlights on major chaebols...

Sanghyun Park

Tech Supply Chain Tracker (06-Nov-2024): China leads in auto exports over Japan despite tariffs.

China leads global auto exports while Samsung accelerates OLED production, Nvidia pushes for early delivery, Trump hints at CHIPS Act shutdown,...

Tech Supply Chain Tracker

SK - Towards Higher ROE, Greater Shareholder Returns

Value-Up disclosure aimed at raising PBR by strengthening ROE and shareholder returns. Three implementation plans set to reach a target of ROE of...

Daishin Securities

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)