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>KOSDAQ→KOSPI transfers have never seen KQ150 outflows near 4% of market cap. No trading halt means ETFs must fully unwind pre listing, creating a concentrated one day sell flow shock.</li>
<li>Offsetting KOSPI inflows are delayed due to 15 day market cap screening and uncertain fast track inclusion, likely pushing KS200 demand into December rebalance, creating a 2-month passive mismatch window.</li>
<li>KQ150 ETFs face about 2.2 million share sell, roughly 6.8x ADV, top tier passive flow. Expect pre positioning, then elevated volatility on rebalance, with downside bias into the event window.</li>
</ul>


KOSDAQ→KOSPI transfers have never seen KQ150 outflows near 4% of market cap. No trading halt means ETFs must fully unwind pre listing, creating a concentrated one day sell flow shock.
Offsetting KOSPI inflows are delayed due to 15 day market cap screening and uncertain fast track inclusion, likely pushing KS200 demand into December rebalance, creating a 2-month passive mismatch window.
KQ150 ETFs face about 2.2 million share sell, roughly 6.8x ADV, top tier passive flow. Expect pre positioning, then elevated volatility on rebalance, with downside bias into the event window.


Estimating Alteogen’s KOSDAQ Delisting Driven Passive Outflows Using KOSCOM Data

Alteogen Inc

Estimating Alteogen’s KOSDAQ Delisting Driven Passive Outflows Using KOSCOM Data