Daily BriefsSouth Korea

Daily Brief South Korea: KB Financial, GigaVis, Samsung Electronics and more

In today’s briefing:

  • An Update on HSCEI Index Related ELS Losses for Korean Financials + BOK’s Pivot in 2024
  • An Early Look at the Potential KOSDAQ150 Rebalance Candidates in June 2024
  • Aequitas Korea IPOs + Placements Broker Performance 2023


An Update on HSCEI Index Related ELS Losses for Korean Financials + BOK’s Pivot in 2024

By Douglas Kim

  • The local media have started to provide some concrete figures of the amount of losses related to HSCEI related ELS products sold by major Korean banks and securities firms.
  • If HSCEI continues to remain at about 5,450 to the end of March 2024, the total losses could rise to nearly 1.6 trillion won, impacting more than 45,000 investors. 
  • Concerns about HSCEI index related ELS losses have negatively impacted both the major Korean banks and securities companies in Korea in the past 1-2 months. 

An Early Look at the Potential KOSDAQ150 Rebalance Candidates in June 2024

By Douglas Kim

  • In this insight, we discuss the potential KOSDAQ150 rebalance candidates in June 2024.
  • The following companies are likely candidates to be included in KOSDAQ150 rebalance in June 2024, including LS Materials, Gigavis, and Cafe24 Corp. 
  • We also provide a list of 10 companies that are potential exclusion candidates from KOSDAQ150 rebalance in June 2024.

Aequitas Korea IPOs + Placements Broker Performance 2023

By Ethan Aw

  • In this note, we will take a look at broker performance for Korea IPOs and placements in 2023.
  • The following dataset includes all Korean IPOs and placements above US$100m, which amounted to a total of seven deals. Given the small number of deals, we’ll keep the note short.
  • The deals you see in this note are based on our historical IPO and placement tracker. Feel free to drop us a message for additional information.

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