Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

An Update on SK Inc (2026 High Conviction Pick)

Mandatory Cancellation of Treasury Shares: Final Approval by the Korean National Assembly on 24 Feb?

Korean National Assembly FINALLY Passes the Bill for Mandatory Cancellation of Treasury Shares

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

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

Event-Driven

<ul>
<li>The only variable is timing. The ruling party now plans to push the 3rd Commercial Act amendment through the Assembly by the end of January.</li>
<li>Local desks seem to be targeting ~46 names with &gt;10% treasury and ₩50B+ market cap, flagging stocks where a burn could boost EPS and attract institutional flow.</li>
<li>Core targets remain holding cos with top shareholder discounts. Big caps with lower top stakes, like SK, Doosan, KCC, and Lotte, are prime for treasury burns and share price support.</li>
</ul>


The only variable is timing. The ruling party now plans to push the 3rd Commercial Act amendment through the Assembly by the end of January.
Local desks seem to be targeting ~46 names with &gt;10% treasury and ₩50B+ market cap, flagging stocks where a burn could boost EPS and attract institutional flow.
Core targets remain holding cos with top shareholder discounts. Big caps with lower top stakes, like SK, Doosan, KCC, and Lotte, are prime for treasury burns and share price support.


Treasury Burn Play: SK Inc & Big Caps in Focus as 3rd Commercial Act Nears