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

KOSDAQ in on Fire! Korean Government Encourages Investment in KOSDAQ Companies by Pension Funds

Korea ETF Market Monthly: #1 (January 2026)

Hanwha Asset Mgmt Launching the PLUS Korea Manufacturing Core Alliance Index ETF (KMCA) On NYSE

I-Scream Media IPO Book Building Results Analysis

A Country Without Shareholder Rights (주주 권리가 없는 나라) - A Book Review

Douglas Research Advisory

Equity Bottom-Up

<ul>
<li>A key catalyst is a famous local retail investor (Park Young-Ok) recently started to go activist on this company.</li>
<li>Park Young-Ok is demanding that the company return at least 50% of its free cash flow to its shareholders (30% for dividends and 20% for buybacks/share cancellations). </li>
<li>I Scream Media has cheap valuation multiples, trading at EV/EBITDA of 2.3x, with ROE of 20%+ and operating margin of nearly 30%. </li>
</ul>


A key catalyst is a famous local retail investor (Park Young-Ok) recently started to go activist on this company.
Park Young-Ok is demanding that the company return at least 50% of its free cash flow to its shareholders (30% for dividends and 20% for buybacks/share cancellations). 
I Scream Media has cheap valuation multiples, trading at EV/EBITDA of 2.3x, with ROE of 20%+ and operating margin of nearly 30%. 


Korea Small Cap Gem #53: I-Scream Media (Park Young-Ok Goes Activist)