Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>Brian Kim’s 15-year sentence request looks set to hit Kakao and affiliates — founder risk has always sparked volatility on Kakao, so the sharp market reaction is no surprise.</li>
<li>But locals see odds of lighter or suspended time — if Kakao dumps on headline risk, it could be more entry window than pure downside.</li>
<li>Event-Driven setup: short Kakao vs long Naver for relative value, but into sentencing, odds of lighter time suggest fading any overdone Kakao dump could be the cleaner trade.</li>
</ul>


Brian Kim’s 15-year sentence request looks set to hit Kakao and affiliates — founder risk has always sparked volatility on Kakao, so the sharp market reaction is no surprise.
But locals see odds of lighter or suspended time — if Kakao dumps on headline risk, it could be more entry window than pure downside.
Event-Driven setup: short Kakao vs long Naver for relative value, but into sentencing, odds of lighter time suggest fading any overdone Kakao dump could be the cleaner trade.


Brian Kim’s 15-Year Hit: Trading Kakao Through the Founder Risk

Kakao Corp

Brian Kim’s 15-Year Hit: Trading Kakao Through the Founder Risk