Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following sectors:
- Technology (E-commerce, SaaS, Internet)
- Consumer 
- Special Situations/Deep Value Plays
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

SKT Long Gaining Traction with New High in Store

SK Square & SK Telecom - Valuation Analysis Post Split

SK Square & SK Telecom - Sensitivity Analysis of Dividend Payments & Yields

Amazon and SK Telecom's 11st Close to Forming a Strategic Partnership

SKT Investments' NAV Expected to Jump by 3X in 4 Years & More Details on Dividends

SK Telecom: A Massive Treasury Shares Cancellation - Watching Paint Dry No More!

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Equity Bottom-Up

<p>On 31 August, <a href="https://www.smartkarma.com/entities/amazon-com-inc" target="_blank" data-smartkarma-citation="entities:409:1" rel="noopener">Amazon.com Inc (AMZN US)</a> finally launched its 'Amazon Global Store' in South Korea in partnership with <a href="https://www.smartkarma.com/entities/sk-telecom-co-ltd-bbccd86c-474d-4a4d-946d-10e911a225a2" target="_blank" data-smartkarma-citation="entities:395:1" rel="noopener">SK Telecom (017670 KS)</a>'s e-commerce platform 11th. Amazon and 11th have been working on the details of this new service for many months and it has finally become available for millions of consumers in Korea.</p><div class="content-highlight">
<p>With the launch of Amazon Global Store Korea, this has been the end of a long decade plus journey of when Amazon would enter Korea. For now, Amazon has joined hands with SK Telecom although this partnership could change several years from now when Amazon could decide to operate alone Korea. In the next few months, we see millions of Korean consumers flocking to the Amazon Global Store Korean website (<a href="https://www.11st.co.kr/amazon/best" target="_blank" rel="noopener">https://www.11st.co.kr/amazon/best).</a> 11st (SK Telecom) will play a pivotal role in this roll-out as a key partner. </p>
<p><strong>Trading Ideas</strong> - In our view, we like a long-short trading idea of long <a href="https://www.smartkarma.com/entities/sk-telecom-co-ltd-bbccd86c-474d-4a4d-946d-10e911a225a2" target="_blank" data-smartkarma-citation="entities:395:1" rel="noopener">SK Telecom (017670 KS)</a> and short <a href="https://www.smartkarma.com/entities/coupang-inc" target="_blank" data-smartkarma-citation="entities:28425:1" rel="noopener">Coupang (CPNG US) </a>at current levels. With the launch of Amazon Global Store in Korea, this will directly threat Coupang and likely to result in lower sales growth for the company for the rest of 2021. We also continue to have a positive view of <a href="https://www.smartkarma.com/entities/sk-telecom-co-ltd-bbccd86c-474d-4a4d-946d-10e911a225a2" target="_blank" data-smartkarma-citation="entities:395:1" rel="noopener">SK Telecom (017670 KS)</a>.</p>
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On 31 August, Amazon.com Inc (AMZN US) finally launched its 'Amazon Global Store' in South Korea in partnership with SK Telecom (017670 KS)'s e-commerce platform 11th. Amazon and 11th have been working on the details of this new service for many months and it has finally become available for millions of consumers in Korea.
With the launch of Amazon Global Store Korea, this has been the end of a long decade plus journey of when Amazon would enter Korea. For now, Amazon has joined hands with SK Telecom although this partnership could change several years from now when Amazon could decide to operate alone Korea. In the next few months, we see millions of Korean consumers flocking to the Amazon Global Store Korean website (https://www.11st.co.kr/amazon/best). 11st (SK Telecom) will play a pivotal role in this roll-out as a key partner. 
Trading Ideas - In our view, we like a long-short trading idea of long SK Telecom (017670 KS) and short Coupang (CPNG US) at current levels. With the launch of Amazon Global Store in Korea, this will directly threat Coupang and likely to result in lower sales growth for the company for the rest of 2021. We also continue to have a positive view of SK Telecom (017670 KS).


Amazon Global Store Finally Launches in Korea - In Partnership with 11st (SK Telecom)