Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

Fresh Intel: Kosdaq Stimulus Drop Date & Key Targets

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>NPS allocation hike to KOSDAQ is dead, so the government’s pivoting to Plan B: push anchor capital via broker IMA accounts and issuance-note products to fix the retail-heavy market.</li>
<li>The government plans to channel ~KRW 17tn/year from broker IMA accounts into KOSDAQ, creating a sticky three-year flow worth ~7% of market cap, far above retail net buying.</li>
<li>This is the most aggressive KOSDAQ flow play yet, anchoring sentiment and setting up a near-term uptrend, though weak earnings cap upside. Policy-backed cash makes today’s rip stickier.</li>
</ul>


NPS allocation hike to KOSDAQ is dead, so the government’s pivoting to Plan B: push anchor capital via broker IMA accounts and issuance-note products to fix the retail-heavy market.
The government plans to channel ~KRW 17tn/year from broker IMA accounts into KOSDAQ, creating a sticky three-year flow worth ~7% of market cap, far above retail net buying.
This is the most aggressive KOSDAQ flow play yet, anchoring sentiment and setting up a near-term uptrend, though weak earnings cap upside. Policy-backed cash makes today’s rip stickier.


Intel on Government KOSDAQ Stimulus: KRW 17tn Annually Via Broker IMA Accounts for 3 Years

KOSDAQ 150 Index

Intel on Government KOSDAQ Stimulus: KRW 17tn Annually Via Broker IMA Accounts for 3 Years