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>This is an intra-family carve-up, but it also streamlines Hanwha’s portfolio, driving positive street sentiment and fueling today’s pop in Hanwha Corp and NewCo affiliates.</li>
<li>Key play: NewCo’s post-listing price could grab a growth/AI premium, with high P/Es and pre-suspension positioning potentially giving Hanwha Corp a last-minute pop.</li>
<li>Longer-Term, market will watch intra-family stake swaps, but with Hanwha Energy’s listing delayed, the brothers likely hold current stakes for now, with a soft IPO target around 2031.</li>
</ul>


This is an intra-family carve-up, but it also streamlines Hanwha’s portfolio, driving positive street sentiment and fueling today’s pop in Hanwha Corp and NewCo affiliates.
Key play: NewCo’s post-listing price could grab a growth/AI premium, with high P/Es and pre-suspension positioning potentially giving Hanwha Corp a last-minute pop.
Longer-Term, market will watch intra-family stake swaps, but with Hanwha Energy’s listing delayed, the brothers likely hold current stakes for now, with a soft IPO target around 2031.


Hanwha Corp Spin-Off: Key Plays to Watch from the Tape

Hanwha Corporation

Hanwha Corp Spin-Off: Key Plays to Watch from the Tape