Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Equity Bottom-Up

<ul>
<li>In this insight, we discuss numerous gap trade opportunities involving Korean preferred and common shares in 2Q 2025.</li>
<li>The following five pairs (between common and prefs) have experienced more than 10% difference in their share prices in the past six months. </li>
<li>These five pairs (LG Chem, Amorepacific Corp, Amorepacific Group, CJ Cheiljedang, and Korea Investment Holdings) are more likely to revert to closing their gaps in the coming weeks. </li>
</ul>


In this insight, we discuss numerous gap trade opportunities involving Korean preferred and common shares in 2Q 2025.
The following five pairs (between common and prefs) have experienced more than 10% difference in their share prices in the past six months. 
These five pairs (LG Chem, Amorepacific Corp, Amorepacific Group, CJ Cheiljedang, and Korea Investment Holdings) are more likely to revert to closing their gaps in the coming weeks. 


Gap Trade Opportunities in Korean Prefs Vs Common Share Pairs in 2Q 2025

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

Samsung Electronics Pref Shares / Event-Driven

<ul>
<li>Chosun reports that some Samsung affiliates are exploring tax-free dividends at the operational level, with execs reportedly briefed on the idea.</li>
<li>Surprisingly, regulators and politicians haven't objected to tax-free dividends, which ironically align with the value-up policy. The delay in Samsung's value-up announcements may be due to this decision.</li>
<li>It’s unclear if Samsung Electronics and Life will drop tax-free dividends, but if regulators approve, they could introduce it suddenly in their value-up updates, especially with Lee Jae-yong’s cash crunch.</li>
</ul>


Chosun reports that some Samsung affiliates are exploring tax-free dividends at the operational level, with execs reportedly briefed on the idea.
Surprisingly, regulators and politicians haven't objected to tax-free dividends, which ironically align with the value-up policy. The delay in Samsung's value-up announcements may be due to this decision.
It’s unclear if Samsung Electronics and Life will drop tax-free dividends, but if regulators approve, they could introduce it suddenly in their value-up updates, especially with Lee Jae-yong’s cash crunch.


The Hot Chatter in the Local Market: Tax-Free Dividends – Is Samsung In?

Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

<ul><li>Brookfield has sold a Sydney logistics complex for $210M to Ontario Teachers', KIC, and Gateway.</li><li>CapitaLand Investment has closed a $130M private credit fund in Korea.</li><li>Sun Hung Kai has bought a $77M residential plot, the cheapest land sale in 11 years in Hong Kong.</li></ul>

Brookfield has sold a Sydney logistics complex for $210M to Ontario Teachers', KIC, and Gateway.CapitaLand Investment has closed a $130M private credit fund in Korea.Sun Hung Kai has bought a $77M residential plot, the cheapest land sale in 11 years in Hong Kong.

Asia Real Estate Tracker (21-Feb-2025): Brookfield sells Sydney complex for $210M

<ul>
<li>Hyundai Motors Securities announced a rights offering worth nearly 200 billion won involving a 49% shares dilution. </li>
<li><em><strong>The amount of shares dilution is excessive which is likely to result in a share price weakness in Hyundai Motor Securities in the coming weeks. </strong></em></li>
<li>The expected rights offering price for now is 6,640 won per share which is 24.5% discount to the closing price on 26 November.</li>
</ul>


Hyundai Motors Securities announced a rights offering worth nearly 200 billion won involving a 49% shares dilution. 
The amount of shares dilution is excessive which is likely to result in a share price weakness in Hyundai Motor Securities in the coming weeks. 
The expected rights offering price for now is 6,640 won per share which is 24.5% discount to the closing price on 26 November.


Hyundai Motor Securities Announces a Rights Offering Involving a 49% Shares Dilution

<ul>
<li>In this insight, we discuss three particular allies that could help the Choi family that have been highlighted by the local media including Hanwha, KIS, and Softbank.</li>
<li>The Hanwha Group is one of the largest shareholders of Korea Zinc. In addition, Hanwha Group Vice Chairman Kim Dong-Kwan has a close relationship with Korea Zinc Chairman Choi Yoon-Beom.</li>
<li>Korea Zinc is planning to hold an important press conference on the 24 September to reveal its position on the tender offer of Korea Zinc shares by MBK.</li>
</ul>


In this insight, we discuss three particular allies that could help the Choi family that have been highlighted by the local media including Hanwha, KIS, and Softbank.
The Hanwha Group is one of the largest shareholders of Korea Zinc. In addition, Hanwha Group Vice Chairman Kim Dong-Kwan has a close relationship with Korea Zinc Chairman Choi Yoon-Beom.
Korea Zinc is planning to hold an important press conference on the 24 September to reveal its position on the tender offer of Korea Zinc shares by MBK.


What Are Locals Saying About Potential Allies to Choi Family in Fight for Korea Zinc?

South Korea

Korea Investment Holdings Co., Ltd. is a financial holding company. The Company operates and controls its financial subsidiaries such as Korea Investment & Securities, Korea Investment Partners, and Korea Investment Mutual Savings Bank.

Korea Investment Holdings Co, Ltd. (071050 KS)

Price Gauge
52-week Range	0.00 - 0.00
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Korea Investment Holdings Co, Ltd. (071050 KS)

The Hot Chatter in the Local Market: Tax-Free Dividends – Is Samsung In?

This post takes a dive into the hot topic in the local market: tax-free dividends – Will Samsung go for tax-free dividends?

Sanghyun Park

Asia Real Estate Tracker (21-Feb-2025): Brookfield sells Sydney complex for $210M

Brookfield, CapitaLand, Sun Hung Kai, KKR, and APAC investors make significant moves in regional real estate markets with high-value acquisitions...

Asia Real Estate Tracker

Hyundai Motor Securities Announces a Rights Offering Involving a 49% Shares Dilution

Hyundai Motors Securities announced a rights offering worth nearly 200 billion won involving a 49% shares dilution which is likely to drive its...

Douglas Kim

What Are Locals Saying About Potential Allies to Choi Family in Fight for Korea Zinc?

In this insight, we discuss three particular allies that could help the Choi family that have been highlighted by the local media including Hanwha,...

Douglas Kim

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Gap Trade Opportunities in Korean Prefs Vs Common Share Pairs in 2Q 2025

In this insight, we discuss numerous gap trade opportunities involving Korean preferred and common shares in 2Q 2025. LG Chem (common vs preferred)...

Douglas Kim

The Hot Chatter in the Local Market: Tax-Free Dividends – Is Samsung In?

This post takes a dive into the hot topic in the local market: tax-free dividends – Will Samsung go for tax-free dividends?

Sanghyun Park

Asia Real Estate Tracker (21-Feb-2025): Brookfield sells Sydney complex for $210M

Brookfield, CapitaLand, Sun Hung Kai, KKR, and APAC investors make significant moves in regional real estate markets with high-value acquisitions...

Asia Real Estate Tracker

Hyundai Motor Securities Announces a Rights Offering Involving a 49% Shares Dilution

Hyundai Motors Securities announced a rights offering worth nearly 200 billion won involving a 49% shares dilution which is likely to drive its...

Douglas Kim

What Are Locals Saying About Potential Allies to Choi Family in Fight for Korea Zinc?

In this insight, we discuss three particular allies that could help the Choi family that have been highlighted by the local media including Hanwha,...

Douglas Kim