In today’s briefing:
- Potential Block Deal Targets in Korea for a Preemptive Position Buildup
- Adoption of Digital Textbooks (Korea in 2025 & Japan in 2024)
Potential Block Deal Targets in Korea for a Preemptive Position Buildup
- TPG and Anchor experienced EOD risk due to the recent plunge in Kakao Bank’s stock price. So, they will sell shares if the current price rise continues a little further.
- All three PEs of Shinhan Financial are currently expected to be seeking an early exit although they expressed last year that they would remain strategic shareholders.
- Other notable targets are Hahn & Co’s Hanon Systems and K Car and MBK Partners’ ConnectWave, likely via a phased stake sale in tranches.
Adoption of Digital Textbooks (Korea in 2025 & Japan in 2024)
- The Korean Department of Education announced on 5 January that Korea will start to adopt customized digital school textbooks starting 2025.
- These 11 Korean stocks that are well positioned to capitalize on the digital textbooks are up on average 5.3% YTD, strongly outperforming KOSPI which is up 2.4% YTD.
- Japan is implementing the adoption of digital textbooks in elementary, junior, and high schools starting in 2024, ahead of Korea.
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