Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Two Noteworthy Issues in Korea's SSF/SSO Selection in September Round

Key Points to Consider at This Stage Regarding the Year-End Ex-Dividend Play

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

Where Are We Now Regarding New Dividend Distribution Procedure in Korea?

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

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>In a surprising move, SK Inc confirmed the interim dividend amount (₩1,500) on July 26, and the ex-dividend date is set for August 10.</li>
<li>As a result, this enables risk-free dividend arb trading in Korea as SK Inc carries single-stock futures, whose liquidity level is around 70% of the spot since July 26.</li>
<li>The backwardation level has not yet pushed this arbitrage to a profitable level. Nevertheless, it's still possible to observe the basis spread moving to a meaningful extent before the ex-date.</li>
</ul>


In a surprising move, SK Inc confirmed the interim dividend amount (₩1,500) on July 26, and the ex-dividend date is set for August 10.
As a result, this enables risk-free dividend arb trading in Korea as SK Inc carries single-stock futures, whose liquidity level is around 70% of the spot since July 26.
The backwardation level has not yet pushed this arbitrage to a profitable level. Nevertheless, it's still possible to observe the basis spread moving to a meaningful extent before the ex-date.


Finally, a Risk-Free Dividend Arbitrage Trading Opportunity Is Presented in Korea: Feat. SK Inc