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

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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?

The Blockchain Delusion. A (Mostly) Bearish Investment Thesis.

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