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>PLUS High Dividend ETF (161510 KS) reshuffle is now a key flow catalyst: June saw GS E&amp;C and HD Hyundai out, Hyundai Motor in, with sharp one-day moves.</li>
<li>December review shaping up as 2-in/2-out: Seoul Guarantee (031210) and LG Corp (003550) in, Shinhan (055550) and KB (105560) out.</li>
<li>Passive flows: Shinhan/KB ~0.3–0.4x DTV, LG ~3x, Seoul Guarantee 5–6x. With AUM up 30% since June, upcoming adds face outsized passive impact.</li>
</ul>


PLUS High Dividend ETF (161510 KS) reshuffle is now a key flow catalyst: June saw GS E&amp;C and HD Hyundai out, Hyundai Motor in, with sharp one-day moves.
December review shaping up as 2-in/2-out: Seoul Guarantee (031210) and LG Corp (003550) in, Shinhan (055550) and KB (105560) out.
Passive flows: Shinhan/KB ~0.3–0.4x DTV, LG ~3x, Seoul Guarantee 5–6x. With AUM up 30% since June, upcoming adds face outsized passive impact.


GS Engineering & Construction (006360 KS)

KRX Hanwha Plus High Dividend ETF (161510 KS)

Hanwha PLUS High Dividend+Buyback ETF (0098N0 KS)

Flagging a New Passive Flow Trading Opportunity Triggered by Korea’s Divvy Policy Momentum

Seoul Guarantee Insurance

Flagging a New Passive Flow Trading Opportunity Triggered by Korea’s Divvy Policy Momentum