Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

Samsung Electronics (005930 KS) Outlook as Foundry Spin-Off Gains Momentum

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

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

Event-Driven

<ul>
<li>Local chatter’s building that Samsung Electronics and Kakao might drop value-up disclosures by end-June to mid-July, as both cozy up to the new administration and move into its inner circle.</li>
<li>Jay Lee’s surprise solo meeting with President Lee marked a turning point, signaling Samsung’s intent to step out of SK’s shadow and take the lead under the new regime.</li>
<li>Value-Up details aren’t final, but Samsung’s likely to reaffirm &gt;35% payout, while Kakao’s set to focus on ROE improvement and multiple expansion.</li>
</ul>


Local chatter’s building that Samsung Electronics and Kakao might drop value-up disclosures by end-June to mid-July, as both cozy up to the new administration and move into its inner circle.
Jay Lee’s surprise solo meeting with President Lee marked a turning point, signaling Samsung’s intent to step out of SK’s shadow and take the lead under the new regime.
Value-Up details aren’t final, but Samsung’s likely to reaffirm &gt;35% payout, while Kakao’s set to focus on ROE improvement and multiple expansion.


Near-Term Value-Up Plays in the Pipeline: Samsung Electronics & Kakao