Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Index Rebalance

SAMSUNG KODEX KOREA Value-Up ETF / Index Rebalance

SAMSUNG KODEX KOREA Value-Up ETF (495850 KS)

<ul>
<li>There has been a sharp increase in AUM of ETFs tracking the Korea Value-Up Index in 2026. </li>
<li>Net assets of the 13 Korea Value-Up ETFs totaled 3.1 trillion won as of 17 April 2026, up 143% YTD (up from 1.26 trillion won as of 2 January 2026).</li>
<li>Korea Value-Up Index closed at 2,826.61 on 17 April 2026, up 53% from 2 January 2026, outperforming KOSPI and KOSPI200 (up 44.3% and 49.9%, respectively in the same period). </li>
</ul>


There has been a sharp increase in AUM of ETFs tracking the Korea Value-Up Index in 2026. 
Net assets of the 13 Korea Value-Up ETFs totaled 3.1 trillion won as of 17 April 2026, up 143% YTD (up from 1.26 trillion won as of 2 January 2026).
Korea Value-Up Index closed at 2,826.61 on 17 April 2026, up 53% from 2 January 2026, outperforming KOSPI and KOSPI200 (up 44.3% and 49.9%, respectively in the same period). 


A Sharp Increase in the AUM of ETFs Tracking the Korea Value-Up Index in 2026

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in foreign holdings of KRX stocks as of Apr 17th. The aggregated holding was USD1,287.1bn.</li>
<li>We estimate that foreign flows to be inflows of USD2,706mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in SK Hynix, Doosan Enerbility, Samsung Elec (PREF), APR, LS ELECTRIC.</li>
</ul>


We analyzed the changes in foreign holdings of KRX stocks as of Apr 17th. The aggregated holding was USD1,287.1bn.
We estimate that foreign flows to be inflows of USD2,706mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in SK Hynix, Doosan Enerbility, Samsung Elec (PREF), APR, LS ELECTRIC.


KRX Foreign Holding Weekly (Apr 17th): SK Hynix, Doosan Enerbility, Samsung Elec (PREF), APR

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.

Equity Capital Markets

<ul>
<li>Hynix is pushing an accelerated ADR timeline targeting June to July, compressing SEC review and roadshow to pull listing timing forward as much as possible.</li>
<li>SK leadership pushing larger SK Hynix ADR, open to SK Square's Hynix stake dilution below 20 percent, likely via secondary ADRs with EB structuring in play.</li>
<li>Early disclosure on SK Hynix issuance and SK Square monetization keeps overhang, as larger ADR and EB flows may drive volatility and short pressure on Hynix.</li>
</ul>


Hynix is pushing an accelerated ADR timeline targeting June to July, compressing SEC review and roadshow to pull listing timing forward as much as possible.
SK leadership pushing larger SK Hynix ADR, open to SK Square's Hynix stake dilution below 20 percent, likely via secondary ADRs with EB structuring in play.
Early disclosure on SK Hynix issuance and SK Square monetization keeps overhang, as larger ADR and EB flows may drive volatility and short pressure on Hynix.


Hynix ADR Listing Timeline and Size: SK Leadership Pushing Really Aggressive Execution

<ul>
<li>We analyzed the changes in foreign holdings of KRX stocks as of Apr 10th. The aggregated holding was USD1,239.1bn.</li>
<li>We estimate that foreign flows to be inflows of USD4,094mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in Samsung Electronics, SK Hynix, KorZinc, SamsungElecMech, Doosan Enerbility.</li>
</ul>


We analyzed the changes in foreign holdings of KRX stocks as of Apr 10th. The aggregated holding was USD1,239.1bn.
We estimate that foreign flows to be inflows of USD4,094mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in Samsung Electronics, SK Hynix, KorZinc, SamsungElecMech, Doosan Enerbility.


KRX Foreign Holding Weekly (Apr 10th): Samsung Electronics, SK Hynix, KorZinc, SamsungElecMech

<ul>
<li>We analyzed the changes in foreign holdings of KRX stocks as of Apr 3rd. The aggregated holding was USD1,098.3bn.</li>
<li>We estimate that foreign flows to be outflows of USD7,419mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in Samsung Electronics, SK Hynix, HD HYUNDAI HEAVY INDUSTRIES, Hyundai Motor, KB Financial.</li>
</ul>


We analyzed the changes in foreign holdings of KRX stocks as of Apr 3rd. The aggregated holding was USD1,098.3bn.
We estimate that foreign flows to be outflows of USD7,419mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in Samsung Electronics, SK Hynix, HD HYUNDAI HEAVY INDUSTRIES, Hyundai Motor, KB Financial.


KRX Foreign Holding Weekly (Apr 3rd): Samsung Electronics, SK Hynix, HD HYUNDAI HEAVY INDUSTRIES

South Korea

SK Square Co., Ltd. operates as an investment company. The Company invests in semiconductors, information and communications technologies, and other industries. SK Square conducts businesses in South Korea.

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SK Square (402340 KS)

A Sharp Increase in the AUM of ETFs Tracking the Korea Value-Up Index in 2026

Net assets of the 13 Korea Value-Up ETFs totaled 3.1 trillion won as of 17 April 2026, up 143% YTD (up from 1.26 trillion won as of 2 January 2026).

Douglas Kim

KRX Foreign Holding Weekly (Apr 17th): SK Hynix, Doosan Enerbility, Samsung Elec (PREF), APR

We analyzed KRX foreign holding data for the past week and highlighted foreign holding changes in SK Hynix, Doosan Enerbility, Samsung Elec (PREF),...

Ke Yan, CFA, FRM

Hynix ADR Listing Timeline and Size: SK Leadership Pushing Really Aggressive Execution

This post looks into the SK Hynix ADR listing timeline and size, with SK leadership driving a really aggressive execution push.

Sanghyun Park

KRX Foreign Holding Weekly (Apr 10th): Samsung Electronics, SK Hynix, KorZinc, SamsungElecMech

We analyzed KRX foreign holding data for the past week and highlighted foreign holding changes in Samsung Electronics, SK Hynix, KorZinc,...

Ke Yan, CFA, FRM

KRX Foreign Holding Weekly (Apr 3rd): Samsung Electronics, SK Hynix, HD HYUNDAI HEAVY INDUSTRIES

We analyzed KRX foreign holding data for the past week and highlighted foreign holding changes in Samsung Electronics, SK Hynix, HD HYUNDAI HEAVY...

Ke Yan, CFA, FRM

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