Daily Brief South Korea: Aimed Bio, Doosan Robotics , TIGER Synth Korea-China EV ETF, TIGER Synth Korea-China Semiconductor ETF and more

• Aimed Bio (Dec 4 IPO) averages KRW 3.81tn mkt cap, 1.52tn free-float, clearing KOSDAQ 150 fast-entry hurdles vs #30 Pearl Abyss (2.40tn).
• Selvas AI exits KOSDAQ 150; KRX announces Aimed Bio fast-entry after tomorrow’s close, effective next trading day post front-month KOSPI 200 futures expiry, March 13.
• Aimed Bio faces ~0.3–0.4x DTV, Selvas AI ~1.0–1.2x DTV outflows; key alpha likely at fast-entry announcement, prompting a potential post-close setup tomorrow.

• On 23 December, Doosan Corp (000150 KS) announced that it plans to sell an 18.05% stake (11.7 million shares) in Doosan Robotics (454910 KS) for 948 billion won.
• It appears that the main purpose of sale is to secure adequate capital for Doosan Corp to acquire SK Siltron which is up for sale.
• SK Siltron’s corporate value is estimated at around 5 trillion won, so the transaction size for the 70.6% stake up for sale is expected to 3-4 trillion won+.

• The TIGER Synth Korea-China EV ETF offers targeted exposure to the electric vehicle (EV) industries of South Korea and China, two global leaders in the EV supply chain. The fund aims to capture the growth potential of companies involved in EV manufacturing, battery technology, and related components.
• The ETF’s performance is directly linked to the growth trajectory of the Korean and Chinese EV markets, which are supported by strong government initiatives, including subsidies and investments in charging infrastructure. However, the industry is also characterized by intense competition and evolving regulatory landscapes.
• As a synthetic ETF, it uses derivatives to replicate the performance of the KRX CSI Korea-China New Energy Vehicles Index. This structure may introduce counterparty risk. The fund is relatively new, having been established in late 2022, and has a competitive expense ratio.

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• The TIGER Synth Korea-China Semiconductor ETF (449690 KS) offers synthetic exposure to the KRX CSI Semiconductor Index, which is composed of 15 leading semiconductor companies from both South Korea and China.
• The ETF’s performance is intrinsically linked to the growth trajectory and competitive dynamics of the Korean and Chinese semiconductor industries, which are pivotal to the global technology supply chain.
• Key considerations for investors include the synthetic nature of the ETF, which introduces counterparty risk, and the geopolitical and regulatory tensions that could impact the semiconductor sectors in both countries.

This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.