Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Thoughts on Amazon –What Does Its Valuation Tells Us?

Netflix & Amazon Expand in Korea – Not a Coincidence

Okja: The Fight Between Netflix Vs. CJ CGV

Thematic (Sector/Industry)

South korea & china / Thematic (Sector/Industry)

In this report, we provide a list of major Korean companies that are either shutting down or restructuring their operations in China. The pace of major Korean companies that are discontinuing part or all of their operations in China in the past year has been UNPRECEDENTED in the past two decades. This trend is very concerning since it suggests deteriorating business conditions and reduced employment in China. Of the Korean companies that are pulling out of China, we identified 10 companies below, including Hyundai Motor, Lotte Chilsung Beverage, and Clio that have announced their intentions to pull out most or a portion of their operations in China in the past three months. These ten stocks are up on average 13.5% YTD, compared to KOSPI which is up only 7.1% during the same period.If we had to make a guess, the potential job losses from the Korean companies mentioned in this report that are pulling out part/all of their operations in China could be about 20,000 to 30,000+. If we add all the other suppliers and companies that are involved in these companies' value chains in China, the total number of job losses in China could stretch several hundred thousand.

In this report, we provide a list of major Korean companies that are either shutting down or restructuring their operations in China. The pace of major Korean companies that are discontinuing part or all of their operations in China in the past year has been UNPRECEDENTED in the past two decades. This trend is very concerning since it suggests deteriorating business conditions and reduced employment in China. Of the Korean companies that are pulling out of China, we identified 10 companies below, including Hyundai Motor, Lotte Chilsung Beverage, and Clio that have announced their intentions to pull out most or a portion of their operations in China in the past three months. These ten stocks are up on average 13.5% YTD, compared to KOSPI which is up only 7.1% during the same period.If we had to make a guess, the potential job losses from the Korean companies mentioned in this report that are pulling out part/all of their operations in China could be about 20,000 to 30,000+. If we add all the other suppliers and companies that are involved in these companies' value chains in China, the total number of job losses in China could stretch several hundred thousand.

A List of Major Korean Companies Shutting Down or Restructuring Their Operations in China