Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

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

Event-Driven

<ul>
<li>Local market now expects the Samsung block to land next Thursday, pushed a week from this Thursday/Friday expectation to avoid overlap with EWY’s 25% reversion rebalance today.</li>
<li>Hong Ra-hee’s camp and Shinhan Bank face a tight window: mid-April cash settlement needed, avoiding missed 1Q dividends and potential May market pullback pressures.</li>
<li>1P discount widened from 20% to ~35%, pre-deal support lifts ords now, but block clearance likely hits ords flows and removes key narrative, making next Thursday critical.</li>
</ul>


Local market now expects the Samsung block to land next Thursday, pushed a week from this Thursday/Friday expectation to avoid overlap with EWY’s 25% reversion rebalance today.
Hong Ra-hee’s camp and Shinhan Bank face a tight window: mid-April cash settlement needed, avoiding missed 1Q dividends and potential May market pullback pressures.
1P discount widened from 20% to ~35%, pre-deal support lifts ords now, but block clearance likely hits ords flows and removes key narrative, making next Thursday critical.


Timing for Samsung Electronics KRW 3.2tn Block: Next Thursday