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

Main Takeaways from Today’s MBK Press Briefing About the Korea Zinc Tender

Digging into the News Flow on KIS Jumping in as the White Knight for Choi in the Korea Zinc Deal

Young Poong Precision (036560 KS) Also Now Trading Through Terms

Insights on the Odds of MBK Ramping up the Tender Price by 20%

Clearing up Legal Confusion on Counter Offers and Getting a Clear Read on the Korea Zinc Tender

MBK’s Dual Tenders for Korea Zinc and Youngpoong Precision: The Largest Deal Ever in Korea

Clepsydra Capital

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

Event-Driven

<ul>
<li>As of today, it’s clear Choi is struggling to secure white knights, pushing him to double down on political lobbying to stay in the game.</li>
<li>Choi's aiming for the National Pension Service’s 7.57% voting rights, but with its legal neutrality, the chances of it caving to political pressure are slim.</li>
<li>MBK’s statement today shows confidence that Choi won’t get Fair Trade Commission approval, and that, like Hanwha and LG, Hyundai Motor won’t back him either.</li>
</ul>


As of today, it’s clear Choi is struggling to secure white knights, pushing him to double down on political lobbying to stay in the game.
Choi's aiming for the National Pension Service’s 7.57% voting rights, but with its legal neutrality, the chances of it caving to political pressure are slim.
MBK’s statement today shows confidence that Choi won’t get Fair Trade Commission approval, and that, like Hanwha and LG, Hyundai Motor won’t back him either.


Trading Insights from Today’s Dramatic Developments in the Korea Zinc Event