Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Event-Driven

<p>The KRX has announced the list of inclusions and exclusions to the <a href="https://www.smartkarma.com/entities/kosdaq-150-index" target="_blank" data-smartkarma-citation="entities:31077:1" rel="noopener">KOSDAQ 150 Index (KOSDQ150 INDEX)</a> today. The rebalance is effective after the close of trading on 10 June.</p><p>There are 16 inclusions into and exclusions from the index at the June review with an estimated one-way turnover of 7.04%.</p><table class="table table-striped">
<colgroup>
<col>
<col>
<col>
<col>
</colgroup>
<tbody>
<tr>
<td colspan="2" style="text-align: center; width: 233pt;"><h3>Inclusions</h3></td>
<td colspan="2" style="text-align: center; width: 242pt;"><h3>Exclusions</h3></td>
</tr>
<tr>
<td><strong>Code</strong></td>
<td><strong>Name</strong></td>
<td><strong>Code</strong></td>
<td><strong>Name</strong></td>
</tr>
<tr>
<td>015750.KQ</td>
<td>Sungwoo Hitech Co Ltd</td>
<td>018290.KQ</td>
<td>VT GMP Co Ltd</td>
</tr>
<tr>
<td>018000.KQ</td>
<td>Unison Co Ltd</td>
<td>034950.KQ</td>
<td>Korea Ratings Corp</td>
</tr>
<tr>
<td>027360.KQ</td>
<td>AJu IB Investment Co Ltd</td>
<td>035810.KQ</td>
<td>Easy Holdings Co Ltd</td>
</tr>
<tr>
<td>036810.KQ</td>
<td>Fine Semitech Corp</td>
<td>052020.KQ</td>
<td>STCube Inc</td>
</tr>
<tr>
<td>041190.KQ</td>
<td>Woori Technology Investment Co Ltd</td>
<td>052260.KQ</td>
<td>Hyundai BioLand Co Ltd</td>
</tr>
<tr>
<td>053030.KQ</td>
<td>Binex Co Ltd</td>
<td>060570.KQ</td>
<td>Dream Us Co</td>
</tr>
<tr>
<td>082270.KQ</td>
<td>GemVax &amp; KAEL Co Ltd</td>
<td>065660.KQ</td>
<td>Anterogen Co Ltd</td>
</tr>
<tr>
<td>100090.KQ</td>
<td>Samkang M&amp;T Co Ltd</td>
<td>082920.KQ</td>
<td>Vitzrocell Co Ltd</td>
</tr>
<tr>
<td>131290.KQ</td>
<td>TSE Co Ltd</td>
<td>092730.KQ</td>
<td>NeoPharm Co Ltd</td>
</tr>
<tr>
<td>131970.KQ</td>
<td>Tesna Inc</td>
<td>143240.KQ</td>
<td>Saramin HR Co Ltd</td>
</tr>
<tr>
<td>140860.KQ</td>
<td>Park Systems Corp</td>
<td>194700.KQ</td>
<td>Novarex Co Ltd</td>
</tr>
<tr>
<td>166090.KQ</td>
<td>Hana Materials Inc</td>
<td>214370.KQ</td>
<td>Caregen Co Ltd</td>
</tr>
<tr>
<td>175250.KQ</td>
<td>Icure Pharmaceutical Inc</td>
<td>215000.KQ</td>
<td>Golfzon Co Ltd</td>
</tr>
<tr>
<td>194480.KQ</td>
<td>Devsisters Corp</td>
<td>237880.KQ</td>
<td>Clio Cosmetics Co Ltd</td>
</tr>
<tr>
<td>222800.KQ</td>
<td>Simmtech Co Ltd</td>
<td>239610.KQ</td>
<td>HL Science Co Ltd</td>
</tr>
<tr>
<td>323990.KQ</td>
<td>Vaxcell Bio Therapeutics</td>
<td>243840.KQ</td>
<td>Shin Heung Energy &amp; Electronics Co Ltd</td>
</tr>
</tbody>
</table><p>There are 12 trading days to implementation of the changes and there are a lot of additions and deletions that have over 2 days of ADV to trade. There will be a lot of action in the next few days on the names with higher ADV to trade.</p><p>With short selling limited to the constituents of the <a href="https://www.smartkarma.com/entities/kosdaq-150-index" target="_blank" data-smartkarma-citation="entities:31077:1" rel="noopener">KOSDAQ 150 Index (KOSDQ150 INDEX)</a>, shorting the inclusions will be tough while selling/shorting the deletions is a lot easier since they are current index constituents. The inclusions could outperform the deletions till a couple of days before implementation date, while there could be a high risk/reward reverse trade if the outperformance is significant.</p>

The KRX has announced the list of inclusions and exclusions to the KOSDAQ 150 Index (KOSDQ150 INDEX) today. The rebalance is effective after the close of trading on 10 June.There are 16 inclusions into and exclusions from the index at the June review with an estimated one-way turnover of 7.04%.








Inclusions
Exclusions


Code
Name
Code
Name


015750.KQ
Sungwoo Hitech Co Ltd
018290.KQ
VT GMP Co Ltd


018000.KQ
Unison Co Ltd
034950.KQ
Korea Ratings Corp


027360.KQ
AJu IB Investment Co Ltd
035810.KQ
Easy Holdings Co Ltd


036810.KQ
Fine Semitech Corp
052020.KQ
STCube Inc


041190.KQ
Woori Technology Investment Co Ltd
052260.KQ
Hyundai BioLand Co Ltd


053030.KQ
Binex Co Ltd
060570.KQ
Dream Us Co


082270.KQ
GemVax &amp; KAEL Co Ltd
065660.KQ
Anterogen Co Ltd


100090.KQ
Samkang M&amp;T Co Ltd
082920.KQ
Vitzrocell Co Ltd


131290.KQ
TSE Co Ltd
092730.KQ
NeoPharm Co Ltd


131970.KQ
Tesna Inc
143240.KQ
Saramin HR Co Ltd


140860.KQ
Park Systems Corp
194700.KQ
Novarex Co Ltd


166090.KQ
Hana Materials Inc
214370.KQ
Caregen Co Ltd


175250.KQ
Icure Pharmaceutical Inc
215000.KQ
Golfzon Co Ltd


194480.KQ
Devsisters Corp
237880.KQ
Clio Cosmetics Co Ltd


222800.KQ
Simmtech Co Ltd
239610.KQ
HL Science Co Ltd


323990.KQ
Vaxcell Bio Therapeutics
243840.KQ
Shin Heung Energy &amp; Electronics Co Ltd


There are 12 trading days to implementation of the changes and there are a lot of additions and deletions that have over 2 days of ADV to trade. There will be a lot of action in the next few days on the names with higher ADV to trade.With short selling limited to the constituents of the KOSDAQ 150 Index (KOSDQ150 INDEX), shorting the inclusions will be tough while selling/shorting the deletions is a lot easier since they are current index constituents. The inclusions could outperform the deletions till a couple of days before implementation date, while there could be a high risk/reward reverse trade if the outperformance is significant.

KOSDAQ150 Index Rebalance: 16 Changes & Large Turnover

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

<p>After the market today, it was reported in Hankyung Business Daily that the Hyundai Dept Store Group is in the process of trying to <a href="https://finance.naver.com/item/news_read.nhn?article_id=0004348853&amp;office_id=015&amp;code=052260&amp;sm=title_entity_id.basic" target="_blank" rel="noopener">acquire a 27.9%</a> controlling stake in SK Bioland (052260 KS) from <a href="https://www.smartkarma.com/entities/skc-co-ltd" target="_blank" data-smartkarma-citation="entities:3970:1" rel="noopener">SKC Co Ltd (011790 KS)</a>. An exact purchase price for the SK Bioland stake has not yet been determined. SK Bioland is a leading provider of cosmetics raw materials in Korea. </p><p>The four key companies involved in this deal (Hyundai Dept Store, Handsome, SK Bioland, and SKC) have yet to formally announce the key terms of this M&amp;A deal. Over the years, in cases like this (where the key companies have yet to formally announce the M&amp;A terms but a major newspaper leaks the M&amp;A deal), the M&amp;A deals get completed roughly 60-80% of the time.</p><p><strong>Which Company Has the Most to Gain? </strong>Among the four companies mentioned in this insight, (SK Bioland, SKC, Hyundai Dept Store, and Handsome), it would appear <strong>SKC has the most to gain from this deal</strong> at current prices, especially if the deal involves an attractive management premium. Although SK Bioland's stake is up for sale, the sharp appreciation of its share is a bit concerning, especially in terms of the downside risk. </p>

After the market today, it was reported in Hankyung Business Daily that the Hyundai Dept Store Group is in the process of trying to acquire a 27.9% controlling stake in SK Bioland (052260 KS) from SKC Co Ltd (011790 KS). An exact purchase price for the SK Bioland stake has not yet been determined. SK Bioland is a leading provider of cosmetics raw materials in Korea. The four key companies involved in this deal (Hyundai Dept Store, Handsome, SK Bioland, and SKC) have yet to formally announce the key terms of this M&amp;A deal. Over the years, in cases like this (where the key companies have yet to formally announce the M&amp;A terms but a major newspaper leaks the M&amp;A deal), the M&amp;A deals get completed roughly 60-80% of the time.Which Company Has the Most to Gain? Among the four companies mentioned in this insight, (SK Bioland, SKC, Hyundai Dept Store, and Handsome), it would appear SKC has the most to gain from this deal at current prices, especially if the deal involves an attractive management premium. Although SK Bioland's stake is up for sale, the sharp appreciation of its share is a bit concerning, especially in terms of the downside risk. 

Korea M&A Spotlight: SKC to Sell Its 27.9% Stake of SK Bioland to Hyundai Dept Store Group?

<p>The KRX announced the list of inclusions and exclusions to the KOSDAQ150 Index today. The rebalance is effective as of 12 June and all passive buying/selling will be done at the closing auction on 11 June.</p><p>There are 14 inclusions and 14 exclusions in the June 2020 review with an expected one-way turnover of 5.15%.</p><p>The inclusions and exclusions are shown in the table below</p><table class="table table-striped">
<colgroup>
<col>
<col>
<col>
<col>
</colgroup>
<tbody>
<tr>
<td style="text-align: center; width: 230pt;" colspan="2">INCLUSIONS</td>
<td style="text-align: center; width: 219pt;" colspan="2">EXCLUSIONS</td>
</tr>
<tr>
<td>018290.KQ</td>
<td>VT GMP Co Ltd</td>
<td>007820.KQ</td>
<td>SM Core Inc</td>
</tr>
<tr>
<td>032190.KQ</td>
<td>Daou Data Corp</td>
<td>013030.KQ</td>
<td>HY-Lok Corp</td>
</tr>
<tr>
<td>038540.KQ</td>
<td>Sangsangin Co Ltd</td>
<td>016250.KQ</td>
<td>eTEC E&amp;C Ltd</td>
</tr>
<tr>
<td>041190.KQ</td>
<td>Woori Technology Investment Co Ltd</td>
<td>019210.KQ</td>
<td>YG-1 Co Ltd</td>
</tr>
<tr>
<td>052260.KQ</td>
<td>SK Bio Land Co Ltd</td>
<td>036630.KQ</td>
<td>Sejong Telecom Inc</td>
</tr>
<tr>
<td>060720.KQ</td>
<td>KH Vatec Co Ltd</td>
<td>041140.KQ</td>
<td>Nexon GT Co Ltd</td>
</tr>
<tr>
<td>078020.KQ</td>
<td>eBEST Investment &amp; Securities Co Ltd</td>
<td>044490.KQ</td>
<td>Taewoong Co Ltd</td>
</tr>
<tr>
<td>078070.KQ</td>
<td>Ubiquoss Holdings Inc</td>
<td>045100.KQ</td>
<td>Hanyang ENG Co Ltd</td>
</tr>
<tr>
<td>084370.KQ</td>
<td>Eugene Technology Co Ltd</td>
<td>067390.KQ</td>
<td>AeroSpace Technology of Korea Inc</td>
</tr>
<tr>
<td>084850.KQ</td>
<td>ITM Semiconductor Co Ltd</td>
<td>095190.KQ</td>
<td>EMKorea Co Ltd</td>
</tr>
<tr>
<td>085660.KQ</td>
<td>Chabiotech Co Ltd</td>
<td>215360.KQ</td>
<td>Woory Industrial Co Ltd</td>
</tr>
<tr>
<td>214370.KQ</td>
<td>Caregen Co Ltd</td>
<td>215600.KQ</td>
<td>SillaJen Inc</td>
</tr>
<tr>
<td>268600.KQ</td>
<td>Cellivery Therapeutics Inc</td>
<td>217730.KQ</td>
<td>Kang Stem Biotech Co Ltd</td>
</tr>
<tr>
<td>282880.KQ</td>
<td>CowinTech Co Ltd</td>
<td>222040.KQ</td>
<td>Cosmax NBT Inc</td>
</tr>
</tbody>
</table><p>There is significant volume to buy and sell on quite a few inclusions and exclusions and stocks will move since there are only 11 trading days to implementation.</p>

The KRX announced the list of inclusions and exclusions to the KOSDAQ150 Index today. The rebalance is effective as of 12 June and all passive buying/selling will be done at the closing auction on 11 June.There are 14 inclusions and 14 exclusions in the June 2020 review with an expected one-way turnover of 5.15%.The inclusions and exclusions are shown in the table below








INCLUSIONS
EXCLUSIONS


018290.KQ
VT GMP Co Ltd
007820.KQ
SM Core Inc


032190.KQ
Daou Data Corp
013030.KQ
HY-Lok Corp


038540.KQ
Sangsangin Co Ltd
016250.KQ
eTEC E&amp;C Ltd


041190.KQ
Woori Technology Investment Co Ltd
019210.KQ
YG-1 Co Ltd


052260.KQ
SK Bio Land Co Ltd
036630.KQ
Sejong Telecom Inc


060720.KQ
KH Vatec Co Ltd
041140.KQ
Nexon GT Co Ltd


078020.KQ
eBEST Investment &amp; Securities Co Ltd
044490.KQ
Taewoong Co Ltd


078070.KQ
Ubiquoss Holdings Inc
045100.KQ
Hanyang ENG Co Ltd


084370.KQ
Eugene Technology Co Ltd
067390.KQ
AeroSpace Technology of Korea Inc


084850.KQ
ITM Semiconductor Co Ltd
095190.KQ
EMKorea Co Ltd


085660.KQ
Chabiotech Co Ltd
215360.KQ
Woory Industrial Co Ltd


214370.KQ
Caregen Co Ltd
215600.KQ
SillaJen Inc


268600.KQ
Cellivery Therapeutics Inc
217730.KQ
Kang Stem Biotech Co Ltd


282880.KQ
CowinTech Co Ltd
222040.KQ
Cosmax NBT Inc


There is significant volume to buy and sell on quite a few inclusions and exclusions and stocks will move since there are only 11 trading days to implementation.

KOSDAQ150 Index Review - Let's Not Follow The Index Methodology

Cross Asset Strategy

<p>In this insight, we provide additional insights regarding the upcoming KOSPI 200 and KOSDAQ 150 rebalancing. According to the KRX, it plans to announce the KOSPI 200 and KOSDAQ 150 rebalanced stocks at the end of May and the changed KOSPI 200 and KOSDAQ 150 indices will be effective starting 12 June.</p><p>We have broken down the potential inclusions into KOSPI 200 KOSDAQ 150 into 3 major categories including the following:</p><ul>
<li>Share price performances YTD</li>
<li>Market Cap</li>
<li>Operating Profit Growth Momentum</li>
</ul><div class="content-highlight">
<p><strong>Combining all of these three factors, the top five companies in our list including Zinus, Hwa Sung Enterprises, F&amp;F, Cuckoo Homesys, POSCO Chemtech, and Cuckoo Homesys </strong><strong>are the ones that not only are potential inclusions in KOSPI 200 but also those that can potentially outperform the market after being included in KOSPI 200. </strong></p>
<p><strong>Combining all of these three factors, the top five companies in our list including ITM Semiconductor, Cowintech, Daou Data Corp, Ebest Investment &amp; Securities, and Neowiz Games are the ones that not only are potential inclusions in KOSDAQ 150 but also those that can potentially outperform the market after being included in KOSDAQ 150.  </strong></p>
</div>

In this insight, we provide additional insights regarding the upcoming KOSPI 200 and KOSDAQ 150 rebalancing. According to the KRX, it plans to announce the KOSPI 200 and KOSDAQ 150 rebalanced stocks at the end of May and the changed KOSPI 200 and KOSDAQ 150 indices will be effective starting 12 June.We have broken down the potential inclusions into KOSPI 200 KOSDAQ 150 into 3 major categories including the following:
Share price performances YTD
Market Cap
Operating Profit Growth Momentum

Combining all of these three factors, the top five companies in our list including Zinus, Hwa Sung Enterprises, F&amp;F, Cuckoo Homesys, POSCO Chemtech, and Cuckoo Homesys are the ones that not only are potential inclusions in KOSPI 200 but also those that can potentially outperform the market after being included in KOSPI 200. 
Combining all of these three factors, the top five companies in our list including ITM Semiconductor, Cowintech, Daou Data Corp, Ebest Investment &amp; Securities, and Neowiz Games are the ones that not only are potential inclusions in KOSDAQ 150 but also those that can potentially outperform the market after being included in KOSDAQ 150.  


KOSPI 200 & KOSDAQ 150 Rebalancing in June Update

<div><p>The Korea Exchange (KRX) will announce the results of the June 2020 review of the KOSDAQ150 in the second half of May. The constituent changes will be effective from 12 June 2020 and the rebalancing trades will need to be done at the closing auction on 11 June 2020.</p></div><div><p>In this Insight we look at the KOSDAQ150 index methodology, the historical performance of inclusions vs exclusions, at the expected candidates for inclusion/exclusion in this review and some of the details around the names.</p></div><div>
<p>Following the completion of the review period on 29 April, we see between 10 to 13 stocks being added to and deleted from the index. This is the first rebalance where stocks from the Financial sector are eligible for inclusion in the KOSDAQ150 index, and the index committee may include them even though they do not meet all criteria for inclusion.</p>
<table class="table table-striped">
<colgroup>
<col>
<col>
<col>
<col>
<col>
<col>
</colgroup>
<tbody>
<tr>
<td style="text-align: center; width: 216pt;" colspan="3">EXPECTED INCLUSIONS</td>
<td style="text-align: center; width: 209pt;" colspan="3">EXPECTED EXCLUSIONS</td>
</tr>
<tr>
<td><strong>Code</strong></td>
<td><strong>Name</strong></td>
<td><strong>Conviction</strong></td>
<td><strong>Code</strong></td>
<td><strong>Name</strong></td>
<td><strong>Conviction</strong></td>
</tr>
<tr>
<td>084850.KQ</td>
<td>ITM Semiconductor</td>
<td>HIGH</td>
<td>041830.KQ</td>
<td>InBody</td>
<td>HIGH</td>
</tr>
<tr>
<td>085660.KQ</td>
<td>CHA Biotech</td>
<td>HIGH</td>
<td>089600.KQ</td>
<td>Nasmedia</td>
<td>HIGH</td>
</tr>
<tr>
<td>268600.KQ</td>
<td>Cellivery</td>
<td>HIGH</td>
<td>049950.KQ</td>
<td>meerecompany</td>
<td>HIGH</td>
</tr>
<tr>
<td>060720.KQ</td>
<td>KH VATEC</td>
<td>HIGH</td>
<td>041140.KQ</td>
<td>Nexon GT</td>
<td>HIGH</td>
</tr>
<tr>
<td>095660.KQ</td>
<td>NEOWIZ</td>
<td>HIGH</td>
<td>036630.KQ</td>
<td>SEJONG TELECOM</td>
<td>HIGH</td>
</tr>
<tr>
<td>018290.KQ</td>
<td>VT GMP</td>
<td>HIGH</td>
<td>215360.KQ</td>
<td>W.I.C</td>
<td>HIGH</td>
</tr>
<tr>
<td>052260.KQ</td>
<td>SKbioland</td>
<td>HIGH</td>
<td>217730.KQ</td>
<td>KANGSTEM BIOTECH</td>
<td>HIGH</td>
</tr>
<tr>
<td>151910.KQ</td>
<td>NANOS</td>
<td>MEDIUM</td>
<td>044490.KQ</td>
<td>TAEWOONG</td>
<td>HIGH</td>
</tr>
<tr>
<td>282880.KQ</td>
<td>COWIN</td>
<td>MEDIUM</td>
<td>095190.KQ</td>
<td>EMKOREA</td>
<td>HIGH</td>
</tr>
<tr>
<td>125210.KQ</td>
<td>AMOGREENTECH</td>
<td>MEDIUM</td>
<td>222040.KQ</td>
<td>COSMAX NBT</td>
<td>HIGH</td>
</tr>
<tr>
<td>078070.KQ</td>
<td>Ubiquoss Holdings Inc</td>
<td>MEDIUM</td>
<td>047310.KQ</td>
<td>POWER LOGICS</td>
<td>LOW</td>
</tr>
<tr>
<td>038540.KQ</td>
<td>Sangsangin Co Ltd</td>
<td>MEDIUM</td>
<td>052020.KQ</td>
<td>STCUBE</td>
<td>LOW</td>
</tr>
<tr>
<td>032190.KQ</td>
<td>Daou Data Corp</td>
<td>MEDIUM</td>
<td>192440.KQ</td>
<td>Spigen Korea</td>
<td>LOW</td>
</tr>
</tbody>
</table>
<p>There have been multiple changes in the KOSDAQ150 index over the last couple of months due to constituent stocks being classified as 'Investment Attention Issues' making them ineligible to remain in the index.</p>
</div>

The Korea Exchange (KRX) will announce the results of the June 2020 review of the KOSDAQ150 in the second half of May. The constituent changes will be effective from 12 June 2020 and the rebalancing trades will need to be done at the closing auction on 11 June 2020.In this Insight we look at the KOSDAQ150 index methodology, the historical performance of inclusions vs exclusions, at the expected candidates for inclusion/exclusion in this review and some of the details around the names.
Following the completion of the review period on 29 April, we see between 10 to 13 stocks being added to and deleted from the index. This is the first rebalance where stocks from the Financial sector are eligible for inclusion in the KOSDAQ150 index, and the index committee may include them even though they do not meet all criteria for inclusion.











EXPECTED INCLUSIONS
EXPECTED EXCLUSIONS


Code
Name
Conviction
Code
Name
Conviction


084850.KQ
ITM Semiconductor
HIGH
041830.KQ
InBody
HIGH


085660.KQ
CHA Biotech
HIGH
089600.KQ
Nasmedia
HIGH


268600.KQ
Cellivery
HIGH
049950.KQ
meerecompany
HIGH


060720.KQ
KH VATEC
HIGH
041140.KQ
Nexon GT
HIGH


095660.KQ
NEOWIZ
HIGH
036630.KQ
SEJONG TELECOM
HIGH


018290.KQ
VT GMP
HIGH
215360.KQ
W.I.C
HIGH


052260.KQ
SKbioland
HIGH
217730.KQ
KANGSTEM BIOTECH
HIGH


151910.KQ
NANOS
MEDIUM
044490.KQ
TAEWOONG
HIGH


282880.KQ
COWIN
MEDIUM
095190.KQ
EMKOREA
HIGH


125210.KQ
AMOGREENTECH
MEDIUM
222040.KQ
COSMAX NBT
HIGH


078070.KQ
Ubiquoss Holdings Inc
MEDIUM
047310.KQ
POWER LOGICS
LOW


038540.KQ
Sangsangin Co Ltd
MEDIUM
052020.KQ
STCUBE
LOW


032190.KQ
Daou Data Corp
MEDIUM
192440.KQ
Spigen Korea
LOW



There have been multiple changes in the KOSDAQ150 index over the last couple of months due to constituent stocks being classified as 'Investment Attention Issues' making them ineligible to remain in the index.


KOSDAQ150 Rebalance Preview: The Final Cut

South Korea

Bioland Ltd. produces a variety of plant extracts such as mulberry root, ginkgo, portulaca, and ginseng extract to be used in cosmetics.  The Company also uses biotechnology to develop fermented products.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Bioland Ltd (052260 KS)

KOSDAQ150 Index Rebalance: 16 Changes & Large Turnover

There are 16 changes to the KOSDAQ150 index resulting in a one-way turnover of 7.04%. The impact on the exclusions is a lot higher than on the...

Brian Freitas

Korea M&A Spotlight: SKC to Sell Its 27.9% Stake of SK Bioland to Hyundai Dept Store Group?

After the market today, it was reported in Hankyung Business Daily that the Hyundai Dept Store Group is in the process of trying to acquire a 27.9%...

Douglas Kim

KOSDAQ150 Index Review - Let's Not Follow The Index Methodology

The KRX announced the list of inclusions and exclusions to the KOSDAQ150 Index today. The rebalance is effective as of 12 June and all passive...

Brian Freitas

KOSPI 200 & KOSDAQ 150 Rebalancing in June Update

In this insight, we provide additional insights regarding the upcoming KOSPI 200 and KOSDAQ 150 rebalancing. According to the KRX, it plans to...

Douglas Kim

KOSDAQ150 Rebalance Preview: The Final Cut

The Korea Exchange (KRX) will announce the results of the June 2020 review of the KOSDAQ150 in the second half of May. The constituent changes will...

Brian Freitas

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