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Corner of Berkshire & Fairfax Message Board General Category General Discussion Korean Stock Trading

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Author Topic: Korean Stock Trading (Read 19581 times)

JBird Re: Korean Stock Trading

Reply #20 on: November 21, 2013,
Hero Member
01:37:44 PM

I contacted 10 brokers and the only one I found with access to the South
Korean exchange is Fidelity. They charge an $80 commission buy/sell. Plus
there's a 10bps commission for the Korean broker on the buy side and 20bps
on the sell side.
Posts: 525 Logged

Woman and wine, games and deceit, make the wealth small and the wants great. - Ben
Franklin

Hielko Re: Korean Stock Trading

Reply #21 on: November 21, 2013,
Hero Member
01:52:18 PM

Posts: 945 What about LON:WKOF?

Quote

The Company is geographically focused on South Korean companies, specifically, the

Company intends to invest primarily in listed preferred shares issued by companies
incorporated in South Korea, which in many cases are currently trading at a discount to the
corresponding common shares of the same companies. The Investment Manager intends to
assemble a portfolio of Korean preferred shares that it believes are undervalued and could
appreciate based on criteria it selects.

Does trade at a small premium though...

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matjone Re: Korean Stock Trading

Hero Member Reply #22 on: November 21, 2013,
02:11:41 PM

Posts: 581
This is the email I got back when I emailed etrade korea. Sorry the table
didn't come through but it looks like for most of us we'd be paying about a half
percent fee for each buy or sell transaction.

Q1. About Opening Account

A1. It is very complicated that foreigner not living in Korea registers
Certificate of Investment Registration and opens account for investing
Korean Stocks. And the process costs about a month (or over). The documents
should also be delivered by international courier service. Thus, it is important
that you are sure you have a strong passion and enough money to invest.

Q2. About Fee

A2. To serve you to resister CIR and to open account as your Standing Proxy,
we requests that you pay us $100 as fee. When the process is going, you
should transfer money into our companys account.

Q3. About Trading

A3. For foreigner not living in Korea, we dont offer on-line trading service.(We
don't have HTS for Retail in English now.) Thus, your account is only made of
off-line trading service. Because Etrade Korea, as standing proxy, guarantees
your fair trading, and reports your trading records to Financial Supervisory
Service regularly. (Contract for Standing Proxy is a kind of RISK of US)

Here comes Fee Table for Trading.

Position
Volume
Fee
Buy
Under 50M Won
0.48%
50M ~ 0.3B Won
0.45%
Above 0.3B Won
0.38%
Sell
Under 50M Won
0.48%+0.3% Tax
50M ~ 0.3B Won
0.45%+0.3% Tax
Above 0.3B Won
0.38%+0.3% Tax
Tax (except 0.3% Trading Tax, for Gaining Interest and Dividends etc.) is
following Your Asked Country.

Q4. About Transferring and Trading MONEY

A4. After opening account, we suggest you to transfer over 20~30 thousands
in one time at least because of Efficiency and Productivity. To assist you for
converting US dollar as Korean Won, I have to go to bank in Yeouido (when we
open cash account in Etrade Korea, we also open bank account.) on Business
Time.

Then, I ask you considering my position. Based yesterday, I manage about 20

million Dollars which is my clients money. As your money is important, my
clients money is also important. I serve you with a part of time for my
honored customers. Please know about it.
 Logged

yitech Re: Korean Stock Trading

Reply #23 on: November 21, 2013,
Full Member
06:32:28 PM

Posts: 146 I did some digging after watching Li Lu's video pitching Korean preferred
stocks.

You can purchase London-based GDRs for Hyundai and Samsung preferred
shares via Interactive Brokers.
The conversion ratios are 2:1. You can divide the closing price in Korea by 2
and convert it from Korean Won to USD.

HYUD (HYUD.IL under Yahoo Finance) is the shares for Hyundai Preferred class
1 share (005385.KS). 4X P/E currently.
SMSD (SMSD.IL under Yahoo Finance) is the shares for Samsung Preferred
share (005935.KS). 5X P/E currently.

Both were trading at larger discount to commons (005380.KS for Hyundai

common and 005930.KS for Samsung common) around May/June, but the
discount has been narrowing since.
They are under the exchange symbol LSEIOB1 for IB accounts.

I used to own SMSD, but now own only HYUD. I purchased HYUD at around
3.2 P/E.
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misterkrusty Re: Korean Stock Trading

Reply #24 on: November 22, 2013,
Full Member
04:44:00 PM

Posts: 173 yitech,

can you please tell me where I can find a recording of Li Lu pitching korea
preferreds?

thanks!
Logged

fareastwarriors Re: Korean Stock Trading

Reply #25 on: November 22, 2013,
Hero Member
04:48:31 PM

Posts: 3310 http://www.marketfolly.com/2013/05/li-lus-sohn-conference-presentation-

on.html
Logged

yitech Re: Korean Stock Trading

Reply #26 on: November 22, 2013,
Full Member
05:27:26 PM

Posts: 146 Quote from: misterkrusty on November 22, 2013, 04:44:00 PM

yitech,

can you please tell me where I can find a recording of Li Lu pitching korea preferreds?

thanks!
 Check out the link fareastwarriors posted.
He also mentioned briefly on the Korean preferreds in his San Francisco State
University talk in April:
Part1: https://www.youtube.com/watch?v=OkwXPnnbUXE
Part2: https://www.youtube.com/watch?v=q87crQmDETY
Part3: https://www.youtube.com/watch?v=P4jZFgWNY2E
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claphands22 Re: Korean Stock Trading

Reply #27 on: January 26, 2014,
Lifetime Member
02:23:45 PM
Sr. Member

Investment Case for Hyundai Mobis Preferreds

Posts: 370

Published by: Guy Spier on Feb 02, 2013

Presentation by Chris Detweiler at VALUEx 2013

http://www.scribd.com/doc/123485753/Investment-Case-for-Hyundai-Mobis-
Preferreds
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yadayada Re: Korean Stock Trading

Reply #28 on: January 26, 2014,
Hero Member
03:04:18 PM

Posts: 2271 Infovine is an interesting one. Cannot figure out now how to get those annual
reports tho. I managed to get annual statements translated to english with
google translate the other day.

They got roughly 40 bn in cash, no debt and generate over 10 bn. Was even
cheaper a while ago with a PE of 5.5

There is a good write up on VIC on this company as well.

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randomep Re: Korean Stock Trading

Reply #29 on: January 26, 2014,
Hero Member
03:14:36 PM

Quote from: Packer16 on August 11, 2013, 03:29:47 PM

Does anyone know of a broker that can buy/sell Korean securities as well as US and
European securities? I looked at both IB and Fidelity and they don't appear to be able to
Korean markets per their website.
Posts: 967
Packer

thanks Packer, I looked at their website but it seems like a person but be living
in korea to sign up....

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