Samsung ₩110tn Return Is a Range, Not a Number
Samsung’s record ₩110tn return is a range, not a fixed number — and ₩15tn of it is an employee buyback, not a cancellation. What the filing means for EWY.
KOSPI
Hyundai’s US Bet Grew. Its Stock Did Not.
Hyundai’s CEO said the Georgia plant may grow to 800,000 cars a year. The stock closed down 0.60% that day. Why Seoul reads US localization as cost, not growth.
How Korea Answered a Crash With Debt Relief
Korean stocks fell 5.80% on Wednesday. A sell sidecar tripped six minutes after the open, foreign investors sold roughly ₩3.5 trillion (about US$2.5 billion), and the index closed at 6,471.17. Two days later, on Friday morning at eight o’clock, the Deputy Prime Minister sat down with the heads of the financial regulators and the central … Read more
If You Own EWY, You Are Already Buying on August 31
MSCI’s August review takes effect on the August 31 close. Index money buys and sells that day whatever the price, and if you hold EWY it buys for you.
SK Hynix Will Cancel 3.3% of Its Shares. Who Gains?
SK Hynix will buy back and cancel ₩40tn of stock, about 3.3% of its shares. The arithmetic lifts its parent’s stake without SK Square buying anything.
SKHY Trades 43% Above SK Hynix in Seoul
SKHY priced 4.84% above SK Hynix’s Seoul shares in July. By August 14 the gap was 43.41% — Seoul fell 24.75% while the Nasdaq ADR rose 11.63%.
How Much of Korea’s 11% Week Was 3 Days? 88%.
The KOSPI rose 11.49% last week but 88% of that came in three sessions, while the KOSDAQ built 84.5% of its gain on Monday alone. A US account holding EWY received +8.22%.
Korea’s Market Rose 11%. Its Regulators Said Nothing.
The KOSPI rose 11.49% this week and Korean regulators made no public comment on it. What they published instead was the next tranche of leverage rules.
EWY Holdings: Two Stocks Are 43%, Not 50%
iShares’ own holdings file says EWY’s top two stocks are 42.85 percent, not the 50 percent screeners show. One of those numbers cannot exist.
KEPCO Q2: Analysts Saw the Cut Coming — Just Not Half of It
KEPCO’s Q2 operating profit came in 42.5% below consensus. The gap has a name: coal rose 24% while the government kept the electricity tariff frozen.