Founder/CEO of ROK Advisory, ROK Advisory LLC

Ken S. Kim

Founder/CEO of ROK Advisory

ROK Advisory LLC

ROK is an independent research advisory firm. We guide you to minimize the information gap between foreign and local investors in Northeast Asia with a focus in Korea, Taiwan and Japan.

Independent Research Advisory Firm

Equity Bottom-Up

SK Hynix Inc. provides products and services for the electronic components industry. The Company manufactures semiconductors, such as dynamic random access memory (DRAM), NAND flash memory, and static random access memory (SRAM) chips.

<ul>
<li>As we hit Chinese New Year break,  we want to examine if Hynix's earnings and investor call met investor expectations</li>
<li>6 key questions going in and where we are post <a href="https://www.smartkarma.com/entities/sk-hynix-inc" target="_blank" data-smartkarma-citation="entities:16955:1" rel="noopener">SK Hynix (000660 KS)</a> reporting and before <a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:191:1" rel="noopener">Samsung Electronics (005930 KS)</a> reports early February</li>
<li>The consensus is that the key questions were not answered.  Well, not all answered and some remains to be seen. </li>
</ul>


As we hit Chinese New Year break,  we want to examine if Hynix's earnings and investor call met investor expectations
6 key questions going in and where we are post SK Hynix (000660 KS) reporting and before Samsung Electronics (005930 KS) reports early February
The consensus is that the key questions were not answered.  Well, not all answered and some remains to be seen. 


Thematic (Sector/Industry)

<ul>
<li>Politics - where do we go from here and is more uncertainty ahead? </li>
<li>Changes to corporate governance for the better for minority investors? </li>
<li>Can the KOSPI perform if Samsung Electronics continues not to? </li>
</ul>


Politics - where do we go from here and is more uncertainty ahead? 
Changes to corporate governance for the better for minority investors? 
Can the KOSPI perform if Samsung Electronics continues not to? 


<ul>
<li>Why the 6 hour martial law in Korea was called by President Yoon</li>
<li>The negative impact of the President's decision is one of many reasons for Korea to underperform into 1h25</li>
<li>Corp Value Up plays are still attractive; for those looking to short, you might have to wait longer</li>
</ul>


Why the 6 hour martial law in Korea was called by President Yoon
The negative impact of the President's decision is one of many reasons for Korea to underperform into 1h25
Corp Value Up plays are still attractive; for those looking to short, you might have to wait longer


<ul>
<li>Forget government pressure, will peer pressure help fast forward Korea Corp Value Up program? </li>
<li>Japanese shame game versus Korean pride of the chaebols ? </li>
<li>Heading into 2025 we are seeing major Korean companies come out with longer term shareholder return plans</li>
</ul>


Forget government pressure, will peer pressure help fast forward Korea Corp Value Up program? 
Japanese shame game versus Korean pride of the chaebols ? 
Heading into 2025 we are seeing major Korean companies come out with longer term shareholder return plans


Corporate Value Up Korea; Will It Start Working Now and into 2025?

SK Innovation Co., Ltd. refines, markets, and distributes oil.  The Company produces a variety of petroleum products, such as gasoline, kerosene, liquefied petroleumgas (LPG), and diesel oil.  SK Energy also manufactures petrochemical p roducts, including paraxylene, synthetic resins, styrene monomer, and ethylene.

<ul>
<li>Has SK Innovation raised enough money for its longer term ambitions? </li>
<li>What is the stock pricing in that is not apparent on the balance sheet? </li>
<li>It seems really given their capex outlet, dilutive cap raising is the only solution</li>
</ul>


Has SK Innovation raised enough money for its longer term ambitions? 
What is the stock pricing in that is not apparent on the balance sheet? 
It seems really given their capex outlet, dilutive cap raising is the only solution


24 yrs on sell side and buyside.  General investment perspective is that few companies are great allocators of capital

Ken S. Kim
Founder/CEO of ROK Advisory
• ROK Advisory LLC

Did Hynix Meet Expectations ?

Where are we on Hynix post earnings (pre Deep Seek)? 6 questions that investors wanted to know going into 4Q24 earnings call

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2025 Korea

What to expect in Korea for 2025 after a doldrum 2024? Korea has been one of the better performers to start 2025...can it continue?

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The Ides of March in December

The impact of President Yoon's call for martial law will be felt into 1H25. Here are some things to look out for as we head into 2025 for Korea.

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Corporate Value Up Korea; Will It Start Working Now and into 2025?

Will Korea Corp Value Up program start to really work in 2025? What will drive this program to work is not government pressure but peer pressure

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SK Innovation - Why It Hasn't Worked

Can SK Innovation turn from underperformer to outperformer? It seems difficult with what's being expected and the limitations due to its balance...

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