Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

Making a Call on when Samsung’s Financial Arms Will Drop Their Value-Up Announcements

Samsung Life’s Official Move to Make Fire a Subsidiary: A Value-Up Play for Samsung's Big Three

Samsung's 10T KRW Buyback Phase 2: The Timing of the Drop and How the Structure Is Looking

Samsung Electronics' Key Inflection Point: Lee Jae-Yong's Final Appeal Ruling on February 3

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

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

Event-Driven

<ul>
<li>Once Samsung F&amp;M burns treasury shares, Samsung Life’s stake hits 16.93%. If they avoid a subsidiary, they’ll need to dump ~817K shares. Today’s ruling makes that move much less likely.</li>
<li>Samsung Life’s value-up announcement could be major, likely dropping around their earnings call on February 20, with solid intel backing this move.</li>
<li>The balance of dividends vs. buybacks, plus Samsung Life’s 10% stake ceiling, will drive volatility for Samsung Electronics. Samsung Life’s value-up release, before Samsung Electronics', will boost market clarity.</li>
</ul>


Once Samsung F&amp;M burns treasury shares, Samsung Life’s stake hits 16.93%. If they avoid a subsidiary, they’ll need to dump ~817K shares. Today’s ruling makes that move much less likely.
Samsung Life’s value-up announcement could be major, likely dropping around their earnings call on February 20, with solid intel backing this move.
The balance of dividends vs. buybacks, plus Samsung Life’s 10% stake ceiling, will drive volatility for Samsung Electronics. Samsung Life’s value-up release, before Samsung Electronics', will boost market clarity.


Samsung Fire & Marine Insurance (000810 KS)

Lee Jae-Yong’s Appeal Verdict: Unpacking the Drivers Behind Samsung Life’s Big Price Action

Samsung Life Insurance

Lee Jae-Yong’s Appeal Verdict: Unpacking the Drivers Behind Samsung Life’s Big Price Action