Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Clear Recent Outperformance of Korean Preferred Vs. Common Shares

Top Bracket Dividend Tax Rate Lowered to 30% in Korea [Moderately Positive]

Samsung Electronics (005930 KS) Tactical Outlook: The Stock Is OVERBOUGHT

Douglas Research Advisory

Equity Bottom-Up

Samsung Electronics Pref Shares / Equity Bottom-Up

Samsung Electronics Pref Shares (005935 KS)

<ul>
<li>In this insight, we discuss numerous gap trade opportunities involving Korean preferred and common shares in 4Q 2025.</li>
<li>The preferred companies' share price discount (relative to the common shares) on the 27 pairs below was 36% at the end of September 2025.</li>
<li>On a longer timeframe (3-5 years), this discount could narrow further to the 20-25% range, which provides additional opportunities for the Korean preferred shares to further make relative gains.</li>
</ul>


In this insight, we discuss numerous gap trade opportunities involving Korean preferred and common shares in 4Q 2025.
The preferred companies' share price discount (relative to the common shares) on the 27 pairs below was 36% at the end of September 2025.
On a longer timeframe (3-5 years), this discount could narrow further to the 20-25% range, which provides additional opportunities for the Korean preferred shares to further make relative gains.


Gap Trade Opportunities in Korean Prefs Vs Common Share Pairs in 4Q 2025