Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

Confirmation of Cancellation of Treasury Shares To Be Made Into Law by End of 2025 and a Loophole?

Lotte Corp: Worsening Balance Sheet Offset by Its High Treasury Shares Level

Buyback‑Burn Narrative in Play This Week as Korean Assembly Moves

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

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

Event-Driven

<ul>
<li>The proposed bill fully closes the treasury-share loopholes, bans all exchangeable/pledge uses, blocks M&amp;A allocations, and imposes strict cancellation deadlines—1 year for new buys, 6 months for existing.</li>
<li>The amendment tightens disposal rules: no cancellation means pro-rata sales to existing shareholders only, shutting down selective deals and closing the wide-open disposal gap under current law.</li>
<li>The proposal is far tougher than expected, likely to become the final version, and should drive a near-term mandatory-cancel narrative and notable price action in governance-sensitive holding-co names.</li>
</ul>


The proposed bill fully closes the treasury-share loopholes, bans all exchangeable/pledge uses, blocks M&amp;A allocations, and imposes strict cancellation deadlines—1 year for new buys, 6 months for existing.
The amendment tightens disposal rules: no cancellation means pro-rata sales to existing shareholders only, shutting down selective deals and closing the wide-open disposal gap under current law.
The proposal is far tougher than expected, likely to become the final version, and should drive a near-term mandatory-cancel narrative and notable price action in governance-sensitive holding-co names.


Ruling Party Unveils Key Details of 3rd Commercial Act Amendment: Mandatory Treasury-Share Disposal

LOTTE Corporation

Ruling Party Unveils Key Details of 3rd Commercial Act Amendment: Mandatory Treasury-Share Disposal