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

Block Deals Pre-Disclosure Rule Changes in Korea Likely to Be Implemented Around October 2023

Seeking Clues for a Preemptive Position in the Korean Local Block Deal Market in H2

A Comprehensive Update on Implementation of Block Deals Pre-Disclosure in Korea

Clepsydra Capital

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

Event-Driven

<ul>
<li>Insiders holding more than 10% of SO must disclose block deals 30 days in advance if they plan to sell more than 1% of SO or an amount exceeding ₩5B.</li>
<li>The trading window and pricing range for short positions, based on the assumption of deal-taking, will likely vary significantly as the timing of price reflection will see a drastic change.</li>
<li>There is an increasing likelihood that major shareholders will accelerate their planned block deals and bring them to the market in abundance before October.</li>
</ul>


Insiders holding more than 10% of SO must disclose block deals 30 days in advance if they plan to sell more than 1% of SO or an amount exceeding ₩5B.
The trading window and pricing range for short positions, based on the assumption of deal-taking, will likely vary significantly as the timing of price reflection will see a drastic change.
There is an increasing likelihood that major shareholders will accelerate their planned block deals and bring them to the market in abundance before October.


Important Rule Changes in Block Deals Pre-Disclosure in Korea: Analyzing Trading Dynamics

Samsung SDS

Important Rule Changes in Block Deals Pre-Disclosure in Korea: Analyzing Trading Dynamics