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>Political flow hit today: Rep. Lee So-young says after the 3rd Commercial Act amendment clears, the next leg is a revamp of the inheritance/gift tax regime.</li>
<li>Tape-Wise, this looks like a core 1H narrative. Pro-equity law tweaks will get turbocharged, and with the president prioritizing this revamp, the market won’t ignore this.</li>
<li>Samsung C&amp;T and Hyundai Motor are off the table, but LG Corp, LOTTE, and SK Inc still show sizable value gaps, making them prime targets for this narrative.</li>
</ul>


Political flow hit today: Rep. Lee So-young says after the 3rd Commercial Act amendment clears, the next leg is a revamp of the inheritance/gift tax regime.
Tape-Wise, this looks like a core 1H narrative. Pro-equity law tweaks will get turbocharged, and with the president prioritizing this revamp, the market won’t ignore this.
Samsung C&amp;T and Hyundai Motor are off the table, but LG Corp, LOTTE, and SK Inc still show sizable value gaps, making them prime targets for this narrative.


Inheritance Tax Revamp Sparks Local Tape Action: LG, Lotte, SK Still Showing Big Value Gaps