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

KRX Announces Final Version of Value-Up Disclosure Guidelines Alongside Dedicated Website Launch

Korea Exchange Launches the Disclosure of Corporate Value Up Program on KIND System

FSC Head Remarks Short Selling Could Resume in 1Q 2025 and Launch of Financial Investment Income Tax

Clepsydra Capital

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

Event-Driven

Korea Stock Exchange Kospi Index / Event-Driven

Korea Stock Exchange Kospi Index (KOSPI INDEX)

<ul>
<li>KRX considers a comprehensive change to the Value-up Index scoring system. Weightings emphasize ROE, PER, and FCF while reducing PBR weight.</li>
<li>KRX considers adopting scoring-based constituent weighting to prevent JPX Prime 150's issues, but NPS opposes. Float market cap weighting like JPX Prime 150 is contemplated to address concerns.</li>
<li>Momentum trading in the Value-up initiative will favor low PER and high ROE stocks over low PBR. The semiconductor sector is anticipated to benefit significantly from float market cap-based weighting.</li>
</ul>


KRX considers a comprehensive change to the Value-up Index scoring system. Weightings emphasize ROE, PER, and FCF while reducing PBR weight.
KRX considers adopting scoring-based constituent weighting to prevent JPX Prime 150's issues, but NPS opposes. Float market cap weighting like JPX Prime 150 is contemplated to address concerns.
Momentum trading in the Value-up initiative will favor low PER and high ROE stocks over low PBR. The semiconductor sector is anticipated to benefit significantly from float market cap-based weighting.


New Information on Korea Value-Up Index Scoring System & Constituent Weighting