Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Hard catalysts (M&As, spin-offs, demergers) & discount arbitrage (holdco, share-class)

Event-Driven

Meritz Fire & Marine Insurance Co., Ltd. provides a variety of non-life insurance services.  The Company's services include auto, fire, casualty, health, travel, leisure, retirement, and pension insurance.

<ul>
<li>Additions: Meritz Financial Group and Meritz Fire (with a YTD price gain of over 40%) are very likely, and Kakao Pay is still the trickiest one.</li>
<li>Deletions: Shinpoong Pharm is the most likely one, but the others remain a slim possibility.</li>
<li>Float rate changes: SK Square is a certainty with the most significant impact, and SKIET and HMM deserve our attention.</li>
</ul>

Meritz Fire & Marine Insurance

MSCI Korea IR: Rise of Meritz Fire, Wemade Gone, Kakao Pay Still Tricky, & SK Square Certainty