How Hyundai, Kia and Mobis Each Own the Next One
Hyundai owns 35.17% of Kia, Kia owns 18.10% of Mobis, and Mobis owns 22.36% of Hyundai. What that loop means if you hold EWY.
Hyundai owns 35.17% of Kia, Kia owns 18.10% of Mobis, and Mobis owns 22.36% of Hyundai. What that loop means if you hold EWY.
KORU, the 3x Korea ETF, fell 29.7% from July 1 to Oct. 1 while EWY rose 0.3%. Same MSCI index, different clocks: what daily reset does to it.
Samsung, SK Hynix and Micron make about 88% of global DRAM revenue. A US brokerage account can buy two of them directly. Samsung needs a workaround.
KOSPI fell 2.70% on its first day back from Chuseok as Samsung and SK Hynix slid over 5%. Shinhan Financial, a 1.56% EWY holding, rose 1.83%.
Seoul is shut for four days from September 24. New York trades two of them. Here is what actually sets EWY’s price and its NAV while Korea has no price.
Korea’s KOSPI closed above 7,000 on September 21 while Hyundai, Kia and Mobis all fell. Here is what EWY holders actually own of Korea’s largest carmaker group.
SK Hynix trades on Nasdaq as SKHY, sits inside EWY at 24.54%, and still lists in Seoul as 000660. Three doors, three different things you own.
Kia posted record Q2 revenue but operating profit fell 4.9%. Tariffs took 783 billion won in H1. The stock is up 2% this year and yields 5.5%.
KB Financial canceled 3.8% of its shares without using the grace period Korea’s new law allows. What that says about value-up for EWY holders.
KOSPI rose and KOSDAQ fell for a second day — the mirror image of last week. If you own EWY, you own the large-cap half in the tariff line of fire.