In today’s briefing:
- Lee Jae-Myung’s Camp Just Dropped Their Latest Market Stimulus Play
- Big Crypto Money Move in Korea – Impact on Key Listed Korean Companies
- HMM’s 2T KRW Buyback Tender to Drop Before June End
- Korea Value Up (3 Winners and 7 Losers Among KOSPI 200 Companies) In March and April 2025
Lee Jae-Myung’s Camp Just Dropped Their Latest Market Stimulus Play
- They’re making it easier to spot stocks benefiting from policy shifts. Lee Jae-myung’s camp is giving more detail upfront, with a focus on FuriosaAI and related listed stocks.
- If cumulative voting passes, expect a pop in stocks with governance issues, activist interest, or large NPS stakes, like Hyosung affiliates, Doosan, HL Mando, and POSCO Holdings.
- They also aim to give parent shareholders first crack at spun-off subsidiaries going public and require buyback cancellations, likely benefiting SK and LS Group affiliates, Samsung Electronics, and POSCO Holdings.
Big Crypto Money Move in Korea – Impact on Key Listed Korean Companies
- There has been a big crypto money move in Korea. Market cap of crypto currencies held in crypto exchanges in Korea nearly doubled from October to November 2024.
- We discuss 8 major listed companies in Korea that are major beneficiaries (directly and indirectly) of this big move into crypto currencies in Korea.
- Some of the major beneficiaries include Kakao Corp, KT Corp, Hanwha Securities, Woori Technology Investment, and Vidente.
HMM’s 2T KRW Buyback Tender to Drop Before June End
- This buyback facilitates KDB’s exit, as rules prevent a block trade benefiting one shareholder. KDB plans to tender a 4–5% stake, or about 40% of the 2 trillion KRW buyback.
- Given HMM’s tight float, the premium is likely above the usual 10%, making it a strong opportunity for short-term arbitrage trading.
- The key is timing the announcement. With the June deadline, we need to monitor hot money flows into HMM to build our position before the news breaks.
Korea Value Up (3 Winners and 7 Losers Among KOSPI 200 Companies) In March and April 2025
- In this insight, we provide the details of the 10 most recent companies in KOSPI 200 that have announced their Corporate Value Up plans (April and March 2025).
- These 10 companies in KOSPI 200 that have announced their Corporate Value Up plans are down on average 1.3% versus KOSPI which is down 2% in the same period.
- Three companies that have outperformed KOSPI (since their Corporate Value Up report announcement) include Hanmi Semiconductor, Hyundai Engineering & Construction, and Samyang Foods.
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