Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

<ul>
<li>Starting Monday, 18 April, South Korea will lift almost all social distancing measures after nearly two years.</li>
<li>Under the new measures, the previous restrictions including midnight business hour curfew for restaurants, cafes, and other businesses will be completely lifted. </li>
<li>The pandemic to endemic reopening plays in Korea (19 stocks) are up on average 7% YTD, significantly outperforming KOSPI which is down 9.5% in the same period.</li>
</ul>


Starting Monday, 18 April, South Korea will lift almost all social distancing measures after nearly two years.
Under the new measures, the previous restrictions including midnight business hour curfew for restaurants, cafes, and other businesses will be completely lifted. 
The pandemic to endemic reopening plays in Korea (19 stocks) are up on average 7% YTD, significantly outperforming KOSPI which is down 9.5% in the same period.


End of Nearly All Social Distancing Measures in Korea & How My Views of Mask Wearing Has Changed

<ul>
<li>In this insight, we discuss the recent COVID-19 stats including cases, deaths, and recovery/death rates.</li>
<li>In addition, we analyze the easing of travel restrictions among major Asian countries including Australia, India, Japan, Singapore, Thailand, and South Korea. </li>
<li>More countries are treating COVID-19 not as a pandemic but as a serious flu. </li>
</ul>


In this insight, we discuss the recent COVID-19 stats including cases, deaths, and recovery/death rates.
In addition, we analyze the easing of travel restrictions among major Asian countries including Australia, India, Japan, Singapore, Thailand, and South Korea. 
More countries are treating COVID-19 not as a pandemic but as a serious flu. 


A Review of COVID-19 Cases & The Easing of Travel Restrictions in Major Asian Countries

Cross Asset Strategy

<div class="content-highlight">
<p>On 9 April, the <a href="https://www.reuters.com/article/southkorea-nps/update-1-s-koreas-pension-fund-adjusts-rules-to-raise-domestic-equity-allocation-idUSL1N2M20EN" target="_blank" rel="noopener">NPS</a> announced that it will change rules to increase the allocation of Korean stocks, which would be the first time in a decade. This adjustment could be implemented starting next week. This change comes after a lot of pressure by the retail investors.</p>
<p>NPS increased the strategic asset allocation (SAA) limit for domestic equities from the current 2% to 3%, increasing the percentage of Korean stocks it can hold from the current band of 14.8% -18.8% (+/- 2% with 16.8% as base) to 13.8% -19.8% (+/- 3% with 16.8% as base). NPS's target of the domestic equity allocation is 16.8% (of total fund amount). <strong>As a result of this change, the sale of domestic stocks by the NPS is expected to slow down.</strong></p>
</div>


On 9 April, the NPS announced that it will change rules to increase the allocation of Korean stocks, which would be the first time in a decade. This adjustment could be implemented starting next week. This change comes after a lot of pressure by the retail investors.
NPS increased the strategic asset allocation (SAA) limit for domestic equities from the current 2% to 3%, increasing the percentage of Korean stocks it can hold from the current band of 14.8% -18.8% (+/- 2% with 16.8% as base) to 13.8% -19.8% (+/- 3% with 16.8% as base). NPS's target of the domestic equity allocation is 16.8% (of total fund amount). As a result of this change, the sale of domestic stocks by the NPS is expected to slow down.


<div class="content-highlight"><p><a href="https://www.news1.kr/articles/?4201835" target="_blank" rel="noopener">Korea Financial Services Commission (FSC)</a> announced after the market close today that there will be a PARTIAL end of the ban on short selling of stocks starting on May 3rd. This will not be applied on the entire market. Rather, this <strong>partial end of the ban on short selling of stocks will only apply for KOSPI 200 and KOSDAQ 150 included stocks</strong> (350 stocks in total) and <strong>will not apply</strong> for the remaining 2,037 stocks in the Korean stock market.</p></div>

Korea Financial Services Commission (FSC) announced after the market close today that there will be a PARTIAL end of the ban on short selling of stocks starting on May 3rd. This will not be applied on the entire market. Rather, this partial end of the ban on short selling of stocks will only apply for KOSPI 200 and KOSDAQ 150 included stocks (350 stocks in total) and will not apply for the remaining 2,037 stocks in the Korean stock market.

PARTIAL END of Ban on Short Selling of Stocks in Korea

<ul>
<li><strong>The South Korean Justice Minister Cho Kuk resigned today. Cho Kuk has been the most contentious political figure in South Korea this year. </strong></li>
<li><strong>In this report, we discuss the main political and economic implications of Cho Kuk stepping away from the Justice Minister position after being appointed as the head of the Ministry of Justice on September 9th, 2019. </strong></li>
<li><strong>The fight over Cho Kuk has symbolized the great divide between the conservative right and the socialist left in Korea. </strong></li>
</ul>


The South Korean Justice Minister Cho Kuk resigned today. Cho Kuk has been the most contentious political figure in South Korea this year. 
In this report, we discuss the main political and economic implications of Cho Kuk stepping away from the Justice Minister position after being appointed as the head of the Ministry of Justice on September 9th, 2019. 
The fight over Cho Kuk has symbolized the great divide between the conservative right and the socialist left in Korea. 


Justice Minister Cho Kuk Resigns. What's Next?

South Korea

Hana Tour Service Inc. wholesales a variety of travel related services.  The Company provides outbound, inbound and domestic travel packages and cooperates with credit card companies and Internet shopping malls to market its services. Hana Tour Service also works as general sales agency (GSA) of overseas cruise and rail passes.

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Hana Tour Service (039130 KS)

A Review of COVID-19 Cases & The Easing of Travel Restrictions in Major Asian Countries

We discuss the recent COVID-19 stats including cases, deaths, and recovery/death rates in major Asian countries. More countries are treating COVID...

Douglas Kim

NPS Raises Domestic Equity Allocations

NPS increased the strategic asset allocation (SAA) limit for domestic equities from the current 2% to 3%. As a result of this change, the sale of...

Douglas Kim

PARTIAL END of Ban on Short Selling of Stocks in Korea

Korea Financial Services Commission (FSC) announced after the market close today that there will be a PARTIAL end of the ban on short selling of...

Douglas Kim

Justice Minister Cho Kuk Resigns. What's Next?

The South Korean Justice Minister Cho Kuk resigned today. Cho Kuk has been the most contentious political figure in South Korea this year. In...

Douglas Kim

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

End of Nearly All Social Distancing Measures in Korea & How My Views of Mask Wearing Has Changed

Starting Monday, 18 April, South Korea will lift almost all social distancing measures after nearly two years. The pandemic to endemic reopening...

Douglas Kim

A Review of COVID-19 Cases & The Easing of Travel Restrictions in Major Asian Countries

We discuss the recent COVID-19 stats including cases, deaths, and recovery/death rates in major Asian countries. More countries are treating COVID...

Douglas Kim

NPS Raises Domestic Equity Allocations

NPS increased the strategic asset allocation (SAA) limit for domestic equities from the current 2% to 3%. As a result of this change, the sale of...

Douglas Kim

PARTIAL END of Ban on Short Selling of Stocks in Korea

Korea Financial Services Commission (FSC) announced after the market close today that there will be a PARTIAL end of the ban on short selling of...

Douglas Kim

Justice Minister Cho Kuk Resigns. What's Next?

The South Korean Justice Minister Cho Kuk resigned today. Cho Kuk has been the most contentious political figure in South Korea this year. In...

Douglas Kim