Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

SK Materials Announces a Big Share Buyback

Korean Share Buybacks in the Time of Coronavirus

Equity Bottom-Up

Two big drivers of the Korean stock market this year (especially since the lows in March 2020) have been the huge participation by local retail investors and the other major factor has been a big jump in the number of companies conducting share buybacks. In this insight, we discuss in detail the latter factor. As of 17 July 2020, there were 552 listed companies that have repurchased their shares or have announced that they will buy back shares since the beginning of the year. This represents a big jump of 4.2x as compared to the same period on a YoY basis.In this insight, we have identified 179 companies that have reported share buybacks from 1 June to 23 July 2020.

Two big drivers of the Korean stock market this year (especially since the lows in March 2020) have been the huge participation by local retail investors and the other major factor has been a big jump in the number of companies conducting share buybacks. In this insight, we discuss in detail the latter factor. As of 17 July 2020, there were 552 listed companies that have repurchased their shares or have announced that they will buy back shares since the beginning of the year. This represents a big jump of 4.2x as compared to the same period on a YoY basis.In this insight, we have identified 179 companies that have reported share buybacks from 1 June to 23 July 2020. 

Number of Companies Conducting Share Buybacks in Korea in 2020 YTD - A Big Jump of 4.2x YoY

POSCO Holdings

Number of Companies Conducting Share Buybacks in Korea in 2020 YTD - A Big Jump of 4.2x YoY