Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

Epic Games’ Fortnite will be shutting down in China on the 15th of November after a two-year testing period. This is a good sign to us that China’s gaming sector is now a structural short. It also increases the probability of our call that Epic may not need Tencent as a shareholder anymore being realised in some form or the other.

Epic Games’ Fortnite will be shutting down in China on the 15th of November after a two-year testing period. This is a good sign to us that China’s gaming sector is now a structural short. It also increases the probability of our call that Epic may not need Tencent as a shareholder anymore being realised in some form or the other.

Tencent – Fortnite Is Punching Out and You Should Too

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Event-Driven

In this insight, we discuss the end of lock-up periods for <a href="https://www.smartkarma.com/entities/hyundai-heavy-industries-co-ltd" target="_blank" data-smartkarma-citation="entities:33808:1" rel="noopener">Hyundai Heavy Industries (329180 KS)</a>, <a href="https://www.smartkarma.com/entities/sk-ie-technology" target="_blank" data-smartkarma-citation="entities:29207:1" rel="noopener">SK IE Technology (361610 KS)</a>,<a href="https://www.smartkarma.com/entities/krafton-inc" target="_blank" data-smartkarma-citation="entities:28956:1" rel="noopener"> Krafton Inc (259960 KS)</a>, and <a href="https://www.smartkarma.com/entities/kakaobank-corp" target="_blank" data-smartkarma-citation="entities:33501:1" rel="noopener">KakaoBank (323410 KS)</a> in 4Q 2021 and 1Q 2022. <ul>
<li>In particular, there are lock up periods ending for these four stocks in November and December.</li>
<li>There are also end of lock-up periods for Krafton and Kakao Bank in early February 2022.</li>
<li>Typically, investors tend to focus on the end of the lock-up periods in Korea about 1-2 months ahead of the actual end of these lock-up periods.</li>
</ul>In addition to analyzing the end of these lock-up periods, we analyze the recent shorts balance of these stocks in recent weeks. <hr><ul>
<li>Although Kakao Bank's share price has performed well since the IPO (up 54% from IPO price), its share price is down 22% from the end of the one month lock-up period. The amount of shares that could be sold after the end of the three months and six months lock-up periods are much bigger (18.3 million shares combined) as compared to the 3.1 million shares that could be sold after the one month lock-up period. Therefore, there are continued concerns about additional selling of Kakao Bank shares in November (after the end of the three months lock-up period).</li>
<li>
Krafton's share price has not performed well after the IPO (down 2% from the IPO price of 498,000 won). With the upcoming end of the 3 month lock-up period, there could be continued negative pressure for additional selling from the existing shareholders.</li>
</ul>

In this insight, we discuss the end of lock-up periods for Hyundai Heavy Industries (329180 KS), SK IE Technology (361610 KS), Krafton Inc (259960 KS), and KakaoBank (323410 KS) in 4Q 2021 and 1Q 2022. 
In particular, there are lock up periods ending for these four stocks in November and December.
There are also end of lock-up periods for Krafton and Kakao Bank in early February 2022.
Typically, investors tend to focus on the end of the lock-up periods in Korea about 1-2 months ahead of the actual end of these lock-up periods.
In addition to analyzing the end of these lock-up periods, we analyze the recent shorts balance of these stocks in recent weeks. 
Although Kakao Bank's share price has performed well since the IPO (up 54% from IPO price), its share price is down 22% from the end of the one month lock-up period. The amount of shares that could be sold after the end of the three months and six months lock-up periods are much bigger (18.3 million shares combined) as compared to the 3.1 million shares that could be sold after the one month lock-up period. Therefore, there are continued concerns about additional selling of Kakao Bank shares in November (after the end of the three months lock-up period).

Krafton's share price has not performed well after the IPO (down 2% from the IPO price of 498,000 won). With the upcoming end of the 3 month lock-up period, there could be continued negative pressure for additional selling from the existing shareholders.


End of Lock-Ups for Kakao Bank, Krafton, SK IET, & HHI in 4Q 2021 and Increasing Short Volumes

Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

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

Below is the lockup release schedule and volume of noteworthy KOSPI stocks from this week to the end of next month.<div class="content-highlight">This time around, there are quite a few stocks with significant volume releases among the top stocks by market cap. These are the large-cap stocks (a market cap of ₩10T or higher) that deserve our special attention:</div><ul>
<li><a href="https://www.smartkarma.com/entities/shinhan-financial-group-ltd" target="_blank" data-smartkarma-citation="entities:6978:1" rel="noopener">Shinhan Financial (055550 KS)</a></li>
<li><a href="https://www.smartkarma.com/entities/kakaobank-corp" target="_blank" data-smartkarma-citation="entities:33501:1" rel="noopener">KakaoBank (323410 KS)</a></li>
<li>
<a href="https://www.smartkarma.com/entities/krafton-inc" target="_blank" data-smartkarma-citation="entities:28956:1" rel="noopener"> Krafton Inc (259960 KS)</a> </li>
<li>
<a href="https://www.smartkarma.com/entities/sk-ie-technology" target="_blank" data-smartkarma-citation="entities:29207:1" rel="noopener">SK IE Technology (361610 KS)</a> </li>
</ul><table class="table table-striped">
<colgroup>
<col width="200">
<col width="100">
<col width="100">
<col width="100">
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<tbody>
<tr>
<td data-sheets-value='{"1":2,"2":"Major lockup releases"}'>Major lockup releases</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"Ticker"}'>Ticker</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"Release date"}'>Release date</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"% of SO"}'>% of SO</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"Market cap"}'>Market cap</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"SK Rent A Car"}'>SK Rent A Car</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"068400"}' data-sheets-formula='="068400"'>068400</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44488}' data-sheets-numberformat='{"1":5,"2":"yyyy\". \"mm\". \"dd","3":1}'>2021. 10. 19</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.24362472994029502}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula='=R[0]C[2]/googlefinance(R[0]C[-2], "shares")'>24.36%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.572158664}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.00T","3":1}' data-sheets-formula='=googlefinance(R[0]C[-3], "price")*googlefinance(R[0]C[-3], "shares")/1000000000000'>₩0.57T</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Shinhan Financial Group"}'>Shinhan Financial Group</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"055550"}' data-sheets-formula='="055550"'>055550</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44489}' data-sheets-numberformat='{"1":5,"2":"yyyy\". \"mm\". \"dd","3":1}'>2021. 10. 20</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.07574532284632983}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula='=R[0]C[2]/googlefinance(R[0]C[-2], "shares")'>7.57%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":20.147382606}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.00T","3":1}' data-sheets-formula='=googlefinance(R[0]C[-3], "price")*googlefinance(R[0]C[-3], "shares")/1000000000000'>₩20.15T</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Kakao Bank"}'>Kakao Bank</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":323410}'>323410</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44506}' data-sheets-numberformat='{"1":5,"2":"yyyy\". \"mm\". \"dd","3":1}'>2021. 11. 08</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.03207744137580803}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula='=R[0]C[2]/googlefinance(R[0]C[-2], "shares")'>4.27%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":28.5535242437}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.00T","3":1}' data-sheets-formula='=googlefinance(R[0]C[-3], "price")*googlefinance(R[0]C[-3], "shares")/1000000000000'>₩28.55T</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Lotte Chilsung Beverage"}'>Lotte Chilsung Beverage</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"005300"}' data-sheets-formula='="005300"'>005300</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44509}' data-sheets-numberformat='{"1":5,"2":"yyyy\". \"mm\". \"dd","3":1}'>2021. 11. 09</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.1056161495283269}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula='=R[0]C[2]/googlefinance(R[0]C[-2], "shares")'>10.56%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":1.456784788}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.00T","3":1}' data-sheets-formula='=googlefinance(R[0]C[-3], "price")*googlefinance(R[0]C[-3], "shares")/1000000000000'>₩1.46T</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Krafton"}'>Krafton</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":259960}'>259960</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44510}' data-sheets-numberformat='{"1":5,"2":"yyyy\". \"mm\". \"dd","3":1}'>2021. 11. 10</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.05515669660006972}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula='=R[0]C[2]/googlefinance(R[0]C[-2], "shares")'>8.27%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":23.1295577625}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.00T","3":1}' data-sheets-formula='=googlefinance(R[0]C[-3], "price")*googlefinance(R[0]C[-3], "shares")/1000000000000'>₩23.13T</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"SK IE Technology"}'>SK IE Technology</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":361610}'>361610</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44511}' data-sheets-numberformat='{"1":5,"2":"yyyy\". \"mm\". \"dd","3":1}'>2021. 11. 11</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.7000236417521647}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula='=R[0]C[2]/googlefinance(R[0]C[-2], "shares")'>70.00%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":13.796084052}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.00T","3":1}' data-sheets-formula='=googlefinance(R[0]C[-3], "price")*googlefinance(R[0]C[-3], "shares")/1000000000000'>₩13.80T</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Kyung Dong Navien"}'>Kyung Dong Navien</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"009450"}' data-sheets-formula='="009450"'>009450</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44517}' data-sheets-numberformat='{"1":5,"2":"yyyy\". \"mm\". \"dd","3":1}'>2021. 11. 17</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.06394834737624341}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula='=R[0]C[2]/googlefinance(R[0]C[-2], "shares")'>6.39%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.889749342}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.00T","3":1}' data-sheets-formula='=googlefinance(R[0]C[-3], "price")*googlefinance(R[0]C[-3], "shares")/1000000000000'>₩0.89T</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Hanjin Transportation"}'>Hanjin Transportation</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"002320"}' data-sheets-formula='="002320"'>002320</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44519}' data-sheets-numberformat='{"1":5,"2":"yyyy\". \"mm\". \"dd","3":1}'>2021. 11. 19</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.03947114552221931}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula='=R[0]C[2]/googlefinance(R[0]C[-2], "shares")'>3.95%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.5291460312}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.00T","3":1}' data-sheets-formula='=googlefinance(R[0]C[-3], "price")*googlefinance(R[0]C[-3], "shares")/1000000000000'>₩0.53T</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Meritz Fire &amp; Marine Insurance Co Ltd"}'>Meritz Fire &amp; Marine Insurance</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"000060"}' data-sheets-formula='="000060"'>000060</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44527}' data-sheets-numberformat='{"1":5,"2":"yyyy\". \"mm\". \"dd","3":1}'>2021. 11. 27</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.05761658031088083}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula='=R[0]C[2]/googlefinance(R[0]C[-2], "shares")'>5.76%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":3.50415625}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.00T","3":1}' data-sheets-formula='=googlefinance(R[0]C[-3], "price")*googlefinance(R[0]C[-3], "shares")/1000000000000'>₩3.50T</td>
</tr>
<tr>
<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;T'way Air Co Ltd&quot;}">T'way Air</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"091810"}' data-sheets-formula='="091810"'>091810</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44528}' data-sheets-numberformat='{"1":5,"2":"yyyy\". \"mm\". \"dd","3":1}'>2021. 11. 28</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.016133377130316148}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}' data-sheets-formula='=R[0]C[2]/googlefinance(R[0]C[-2], "shares")'>1.61%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.44021781321}' data-sheets-numberformat='{"1":2,"2":"₩#,##0.00T","3":1}' data-sheets-formula='=googlefinance(R[0]C[-3], "price")*googlefinance(R[0]C[-3], "shares")/1000000000000'>₩0.44T</td>
</tr>
<tr><td colspan="5" rowspan="1" data-sheets-value='{"1":2,"2":"Source: KRX"}'>Source: KRX</td></tr>
</tbody>
</table>

Below is the lockup release schedule and volume of noteworthy KOSPI stocks from this week to the end of next month.This time around, there are quite a few stocks with significant volume releases among the top stocks by market cap. These are the large-cap stocks (a market cap of ₩10T or higher) that deserve our special attention:
Shinhan Financial (055550 KS)
KakaoBank (323410 KS)

 Krafton Inc (259960 KS) 

SK IE Technology (361610 KS) 










Major lockup releases
Ticker
Release date
% of SO
Market cap


SK Rent A Car
068400
2021. 10. 19
24.36%
₩0.57T


Shinhan Financial Group
055550
2021. 10. 20
7.57%
₩20.15T


Kakao Bank
323410
2021. 11. 08
4.27%
₩28.55T


Lotte Chilsung Beverage
005300
2021. 11. 09
10.56%
₩1.46T


Krafton
259960
2021. 11. 10
8.27%
₩23.13T


SK IE Technology
361610
2021. 11. 11
70.00%
₩13.80T


Kyung Dong Navien
009450
2021. 11. 17
6.39%
₩0.89T


Hanjin Transportation
002320
2021. 11. 19
3.95%
₩0.53T


Meritz Fire &amp; Marine Insurance
000060
2021. 11. 27
5.76%
₩3.50T


T'way Air
091810
2021. 11. 28
1.61%
₩0.44T

Source: KRX



KOSPI Major Lockup Releases: Kakao Bank, Krafton, SKIET, & Shinhan Financial

It was announced on 15 October that a consortium led by <a href="https://www.smartkarma.com/entities/krafton-inc" target="_blank" data-smartkarma-citation="entities:28956:1" rel="noopener"> Krafton Inc (259960 KS)</a> plans to purchase a large property in Seoul for more than<a href="https://moneys.mt.co.kr/news/mwView.php?no=2021101517518088669" target="_blank" rel="noopener"> 1 trillion won. </a>CBRE is the advisory firm in this sale. The Krafton-Mirae Asset Managment consortium has been selected as the preferred bidder for this property located in Seongsu-dong, Seoul (currently owned by <a href="https://www.smartkarma.com/entities/e-mart-inc" target="_blank" data-smartkarma-citation="entities:6993:1" rel="noopener">E Mart Inc (139480 KS).</a> Krafton and Emart are expected to sign a MOU for this deal next week.<div class="content-highlight">We believe that Krafton purchasing a large piece of property in Seoul is likely to have a negative impact on its share price. Although Krafton is a cash rich company with nearly 4.5 trillion won in net cash post the IPO, it may need to spend about 500 billion won to 750 billion won in investment in this large property in Seong-su dong, Seoul. Many investors will not like this deal as they would rather have Krafton invest in its core gaming business (internally or through acquisitions).</div>

It was announced on 15 October that a consortium led by  Krafton Inc (259960 KS) plans to purchase a large property in Seoul for more than 1 trillion won. CBRE is the advisory firm in this sale. The Krafton-Mirae Asset Managment consortium has been selected as the preferred bidder for this property located in Seongsu-dong, Seoul (currently owned by E Mart Inc (139480 KS). Krafton and Emart are expected to sign a MOU for this deal next week.We believe that Krafton purchasing a large piece of property in Seoul is likely to have a negative impact on its share price. Although Krafton is a cash rich company with nearly 4.5 trillion won in net cash post the IPO, it may need to spend about 500 billion won to 750 billion won in investment in this large property in Seong-su dong, Seoul. Many investors will not like this deal as they would rather have Krafton invest in its core gaming business (internally or through acquisitions).

Krafton Consortium Plans to Buy a Large Property in Seoul from Emart for More than 1 Trillion Won

Thematic (Sector/Industry)

<div class="content-highlight">
In this insight, we provide 8 examples of how metaverse is revolutionizing numerous businesses in Korea. We also provide a list of Korean companies that are actively trying to expand their metaverse businesses. Because metaverse is in the initial stages of growth for many of these businesses, their contributions to their companies' sales and profits may not be meaningful right now. However, they are experiencing a significant popularity. Metaverse is certainly one of the key industry trends that is likely to have a multi-years impact on the companies mentioned in this insight.
The term "metaverse" was first coined by the writer Neal Stephenson in his 1992 science fiction novel <a href="https://digiday.com/marketing/wtf-is-the-metaverse/" target="_blank" rel="noopener">Snow Crash </a>where metaverse refers to a popular virtual world where the main characters are equipped with augmented technologies. 
Metaverse refers to a computerized domain where the users can share their virtual encounters. Still in the beginning phases of advancement, metaverse has become more important in key industries industries including technology, media, and telecom. In addition, metaverse is also impacting other major industries such as retail, gaming, and fashion. 
Metaverse will empower its users to be more engaged in online shopping, web-based media, entertainment, and share virtual encounters. Metaverse is often considered as a "coming together" of numerous technologies including augmented reality (AR), virtual reality (VR), 5G, smartphones, and distributed computing. Up until recently, the gaming industry has been driving the demand for metaverse. However, greater improvements in technologies have allowed metaverse to flourish in other industries as well. 
South Korea is one of the key countries driving the metaverse industry globally. This is one of the leaders in this area and there will be numerous, interesting opportunities involving metaverse in Korea. 
</div>


In this insight, we provide 8 examples of how metaverse is revolutionizing numerous businesses in Korea. We also provide a list of Korean companies that are actively trying to expand their metaverse businesses. Because metaverse is in the initial stages of growth for many of these businesses, their contributions to their companies' sales and profits may not be meaningful right now. However, they are experiencing a significant popularity. Metaverse is certainly one of the key industry trends that is likely to have a multi-years impact on the companies mentioned in this insight.
The term "metaverse" was first coined by the writer Neal Stephenson in his 1992 science fiction novel Snow Crash where metaverse refers to a popular virtual world where the main characters are equipped with augmented technologies. 
Metaverse refers to a computerized domain where the users can share their virtual encounters. Still in the beginning phases of advancement, metaverse has become more important in key industries industries including technology, media, and telecom. In addition, metaverse is also impacting other major industries such as retail, gaming, and fashion. 
Metaverse will empower its users to be more engaged in online shopping, web-based media, entertainment, and share virtual encounters. Metaverse is often considered as a "coming together" of numerous technologies including augmented reality (AR), virtual reality (VR), 5G, smartphones, and distributed computing. Up until recently, the gaming industry has been driving the demand for metaverse. However, greater improvements in technologies have allowed metaverse to flourish in other industries as well. 
South Korea is one of the key countries driving the metaverse industry globally. This is one of the leaders in this area and there will be numerous, interesting opportunities involving metaverse in Korea. 


How Is Metaverse Revolutionizing Businesses in Korea? Virtual Humans Rozy & Lucy Are Just a Start

South Korea

Krafton, Inc. operates as a game development company. The Company develops console games, mobile games, computer games, and other related products. Krafton markets its products throughout South Korea.

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

Krafton (259960 KS)

Tencent – Fortnite Is Punching Out and You Should Too

Epic Games’ Fortnite will be shutting down in China on the 15th of November after a two-year testing period. This is a good sign to us that China’s...

Mio Kato

End of Lock-Ups for Kakao Bank, Krafton, SK IET, & HHI in 4Q 2021 and Increasing Short Volumes

In this insight, we discuss end of lock-up periods for Hyundai Heavy Industries (329180 KS), SK IE Technology (361610 KS), Krafton Inc (259960 KS),...

Douglas Kim

KOSPI Major Lockup Releases: Kakao Bank, Krafton, SKIET, & Shinhan Financial

This post contains the lockup release schedule and volume of KOSPI stocks from this week to next month. These four stocks deserve special...

Sanghyun Park

Krafton Consortium Plans to Buy a Large Property in Seoul from Emart for More than 1 Trillion Won

We believe that Krafton purchasing a large piece of property in Seoul is likely to have a negative impact on its share price.

Douglas Kim

How Is Metaverse Revolutionizing Businesses in Korea? Virtual Humans Rozy & Lucy Are Just a Start

In this insight, we provide 8 examples of how metaverse is revolutionizing businesses in Korea. We also provide a list of Korean companies that are...

Douglas Kim

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