Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Cross Asset Strategy

This morning on May 2nd, it was widely reported in the media that dictator <a href="https://news.joins.com/article/23767647" target="_blank" rel="noopener">Kim Jong-Un</a> showed up at a fertilizer factory in North Korea on May 1st. This was the first time in 20 days that he has shown up publicly. There has been a huge amount of global media attention on his health conditions, especially after he failed to show up at Kim Il-Sung's birthday ceremony on April 15th. So far, the North Korean government has not stated why Kim Jong-Un disappeared for nearly three weeks. <div class="content-highlight">What we still do not know: Despite this announcement, the North Korean government has yet to provide actual videos of Kim Jong-Un walking around alive. Although the photos provide some confirmation that Kim Jong-Un is alive until there are actual videos of him walking on his own, theexact health conditions of Kim Jong-Un remain unclear. </div>

This morning on May 2nd, it was widely reported in the media that dictator Kim Jong-Un showed up at a fertilizer factory in North Korea on May 1st. This was the first time in 20 days that he has shown up publicly. There has been a huge amount of global media attention on his health conditions, especially after he failed to show up at Kim Il-Sung's birthday ceremony on April 15th. So far, the North Korean government has not stated why Kim Jong-Un disappeared for nearly three weeks. What we still do not know: Despite this announcement, the North Korean government has yet to provide actual videos of Kim Jong-Un walking around alive. Although the photos provide some confirmation that Kim Jong-Un is alive until there are actual videos of him walking on his own, theexact health conditions of Kim Jong-Un remain unclear. 

Kim Jong Un Shows Up At a Fertilizer Factory - Now You See Me?

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

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Thematic (Sector/Industry)

Below is a list of the stocks that are currently being in the limelight as the major beneficiaries of the two Koreas economic cooperation theme wave that is now engulfing the Korean stock market.→ Please note that the company descriptions stated below were taken from Bloomberg.As organized below, these stocks can be classified into the following 7 categories.Gaeseong Industrial Complex related stocksRailroad related stocksElectricity supply related stocksGas pipe related stocksAgriculture related stocksKumgang Mount tourism related stocksDMZ Peace Park related stocksFirst and foremost, those who currently have operations in the Gaeseong Industrial Complex are drawing the most attention. In particular, Good People Co Ltd (033340 KS) is being generally regarded as the most prominent name when it comes to the Gaeseong Industrial Complex related stocks. Various infrastructure projects are also being mentioned by the government officials. In particular, President Moon himself has showed his interest in the railroad project numerous times, so these railroad related stocks are also drawing a fair degree of welcome attention from the market. The one that is getting special attention from the market is Busan Industrial Co Ltd (011390 KS) which has a subsidiary producing railroad concrete sleeper.As for the Gumgang Mount tourism stocks, Hyundai Elevator Co Ltd (017800 KS) and Emerson Pacific Inc (025980 KS) are getting attention. As everyone knows that Hyundai Elevator is the major shareholder (67.58%) of Hyundai Asan which is the iconic company of the two Koreas economic cooperation over the past two decades. Emerson Pacific operates a resort in the Gumgang Mount tourism area. Lastly, the DMZ Peace Park project is also drawing a lot of attention from the market. Eehwa Construction Co Ltd (001840 KS), Ilshin Stone Co Ltd (007110 KS) and Koas Co Ltd (071950 KS) currently own land near the DMZ. As for Firstec Co Ltd (010820 KS), Yujin Robot Co Ltd (056080 KS) and Welcron Co Ltd (065950 KS), they are getting market attention because they are the ones that produces products to remove mines as it is estimated hundreds of thousands of mines are currently being laid out in the DMZ.1. Gaeseong Industrial Complex related stocksGood People Co Ltd (033340 KS)Manufactures men's and women's underwear and markets its products through major department stores and underwear stores in both domestic and international markets.In The F Co Ltd (014990 KS)Manufactures and markets women's and men's apparel at the company's own apparel shops and department stores.Jaeyoung Solutec Co Ltd (049630 KS)Manufactures mobile communication device parts, semiconductor connectors, and auto parts.Jahwa Electronics Co Ltd (033240 KS)Manufactures a variety of magnetic electronic components such as purity convergence magnets, vibration motors, and positive temperature coefficients.J.Estina Co Ltd (026040 KS)Manufactures and sells jewelries as well as different types of accessories from wrist watches to fragrances.Shinwon Corp (009270 KS)Designs, manufactures, and markets women's apparel.Source: Company descriptions were taken from Bloomberg and the list was gathered/edited by Sanghyun Park based on multiple local news reports.2. Railroad related stocksBusan Industrial Co Ltd (011390 KS)Manufactures cement-related products, such as ready-mixed concrete and concrete.Daea Ti Co Ltd (045390 KS)Develops and provides railway signaling systems for main lines, urban transit, light rail transit, and high speed rail.Daeho Al Co Ltd (069460 KS)Manufactures aluminum related products. The products include aluminum coils, sheets, and circle sheets.Hyundai Rotem Company (064350 KS)Manufactures railroad equipment and defense vehicles such as high-speed trains, light rail vehicles, locomotives, passenger coaches, main battle tanks, armored recovery vehicles, and related defense equipment.Leenos Corp (039980 KS)Provides wireless communication solutions, system integration/installation and network maintenance services.Seoam Machinery Industry Co (100660 KS)Manufactures a wide range of machines for industrial purposes, such as various gears, chuck &amp; cylinder, and curvic coupling.Puloon Technology Inc (094940 KS)Manufactures banking automation equipment and also ticket processing units for subways or train gates.Woowon Development Co Ltd (046940 KS)Designs, develops, produces, markets, and maintains software and related products such as e-business infrastructure solutions, system maintenance solutions, and system integration solutions.Source: Company descriptions were taken from Bloomberg and the list was gathered/edited by Sanghyun Park based on multiple local news reports.3. Electricity supply related stocksBosung Power Technology Co L (006910 KS)Manufactures and markets a diverse line of power supply materials and equipment such as high voltage breakers, transmission towers, steel poles, power safety devices, and underground cable fittings.Cheryong Electric Co Ltd (033100 KS)Manufactures and sells steel support equipment and components used for power supply and transmission.Cheryong Industrial Co Ltd (147830 KS)Manufactures electricity distribution equipment such as distribution transformers, switch-gears, hard wires, and fittings for distribution lines.Daewon Cable Co Ltd (006340 KS)Manufactures electrical and telecommunications cables such as insulated wires, power cables, and communications cables.Ehwa Technologies Information (024810 KS)Specializes in manufacturing uninterruptible power supplies used in computer networks, telecommunications systems, and medical equipment.Kwangmyung Electric Engineering Co Ltd (017040 KS)Manufactures electric transformers, gas insulated switchgears, protective relays and control boards, medium and low voltage metal clad and metal enclosed switchgears, and electricity distribution boards.Seondo Electric Co Ltd (007610 KS)Manufactures heavy electrical equipment, such as relay panels, gas insulated switchgears, vacuum circuit breakers, and solar water heating systems.Vitzrosys Co Ltd (054220 KS)Manufactures automated control systems such as distributed control system, supervisory control and data acquisition system, and telemetering and telecontrol system.Vitzro Tech Co Ltd (042370 KS)Specializes in manufacturing industrial electric products such as vacuum circuit breakers, switches, lighting arresters, surge absorbers, power fuses, cable joints, insulators, and vacuum interrupters.Source: Company descriptions were taken from Bloomberg and the list was gathered/edited by Sanghyun Park based on multiple local news reports.4. Gas pipe related stocksDae Dong Steel Co Ltd (048470 KS)Manufactures various steel products such as thin steel sheets and plates used in construction, auto, and shipbuilding industry.Dong Yang Steel Pipe Co Ltd (008970 KS)Manufactures steel and cast iron pipes used for general construction and water supply systems, specifically longitudinal and spiral pipes, and pipe fittings.Histeel Co Ltd (071090 KS)Produces structural steel pipes and flexible stainless steel pipes for underfloor heating systems.Source: Company descriptions were taken from Bloomberg and the list was gathered/edited by Sanghyun Park based on multiple local news reports.5. Agriculture related stocksEasy Bio Inc (035810 KS)Develops, manufactures and commercializes animal nutrition, animal health, and environment care products.Farmstory Co Ltd (027710 KS)Processes, manufactures, and markets assorted feed, especial ly for pigs.Korea Industrial Co Ltd (002140 KS)Manufactures various feedstuff for swine, cattle, and poultry.Kyung Nong Corp (002100 KS)Develops, manufactures, distributes, and markets agricultural chemicals, specifically insecticides, sterilizers, and herbicides.Namhae Chemical Corp (025860 KS)Produces agricultural chemicals, such as urea, phosphatic and compound fertilizers.Nong Woo Bio Co Ltd (054050 KS)Develops, processes, and distributes a variety of seeds such as peppers, watermelons, radishes, cabbages, and squashes.Source: Company descriptions were taken from Bloomberg and the list was gathered/edited by Sanghyun Park based on multiple local news reports.6. Kumgang Mount tourism related stocksEmerson Pacific Inc (025980 KS)Operates golf courses and also processes lambskin and cowhide into leather used in footwear, upholstery, and fancy goods manufacturing.Hyundai Elevator Co Ltd (017800 KS)Manufactures, installs, sells, and services elevators, escalators, moving walkways, automated parking systems, and material handling systems.Source: Company descriptions were taken from Bloomberg and the list was gathered/edited by Sanghyun Park based on multiple local news reports.7. DMZ Peace Park related stocksEehwa Construction Co Ltd (001840 KS)Constructs residential buildings as well as government issued projects, such as railways, roadways, power plants, and subways.Firstec Co Ltd (010820 KS)Develops and manufactures military weapons and maneuverable vehicles, such as vulcan fire-controllers, self-propelled guns, and armored cars.Ilshin Stone Co Ltd (007110 KS)Provides marble and granite slabs to construction sites and for customer-specific orders and also manufactures handcrafted stone products.Koas Co Ltd (071950 KS)Markets and distributes wholesale office equipment such as office desks, chairs, cabinets, and panels.Welcron Co Ltd (065950 KS)Manufactures cleaning and bath products such as towels, cleaning cloths for floor, optical lenses, and electronic devices, and semiconductor wipers.Yujin Robot Co Ltd (056080 KS)Designs and develops cleaning robots, network home robots, instructional robots, field robots and industrial robots.Source: Company descriptions were taken from Bloomberg and the list was gathered/edited by Sanghyun Park based on multiple local news reports.

Complete List of Two Koreas Economic Cooperation Related Stocks

South Korea

Kwang Myung Electric Engineering Co., Ltd. manufactures electric transformers, gas insulated switchgears, protective relays and control boards, medium and low voltage metal clad and metal enclosed switchgears, and electricity distribution boards.

Kwangmyung Electric Engineering (017040 KS)

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Kim Jong Un Shows Up At a Fertilizer Factory - Now You See Me?

This morning on May 2nd, it was widely reported in the media that dictator Kim Jong-Un showed up at a fertilizer factory in North Korea on May 1st....

Douglas Kim

Complete List of Two Koreas Economic Cooperation Related Stocks

Below is a list of the stocks that are currently being in the limelight as the major beneficiaries of the two Koreas economic cooperation theme...

Sanghyun Park