Daily BriefsSouth Korea

Daily Brief South Korea: DGB Financial Group, Lunit and more

In today’s briefing:

  • Step-By-Step Guide to Spot Companies Postponing Dividend Base Date to April in Korea
  • KOSDAQ150 Rebalance in December 2023 Highlighted by Locals


Step-By-Step Guide to Spot Companies Postponing Dividend Base Date to April in Korea

By Sanghyun Park

  • We can check this on KIND, KRX’s disclosure site. As an example, SK Inc. disclosed this information on July 26, two weeks before the dividend record date, August 10.
  • We can capture this information in English without the need for Korean. The disclosure title we must hunt is “Decision on Closure of Shareholder’s Registry (including Record Date) for Dividends.”
  • The critical aspect here is that we need to identify disclosures from companies that still use the year’s last trading day as the dividend base date.

KOSDAQ150 Rebalance in December 2023 Highlighted by Locals

By Douglas Kim

  • This article discusses the potential inclusions and exclusions of KOSDAQ150 rebalance in December 2023 (especially those that are highlighted by the locals).
  • The potential inclusion candidates include Lunit, Shinsung Delta Tech, and JNTC. The eight potential inclusion candidates are up on average 122% YTD, sharply outperforming KOSDAQ in the same period. 
  • Stocks that are expected to be excluded in the KOSDAQ150 index include Aju IB Investment, HFR, Danal, and Sangsangin.

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