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Treasury Share Cancellations in South Korea

– South Korea's mandated treasury share cancellations remove a key tool that founding families have long used to entrench corporate control. Legislation is chipping away at the Korea Discount.

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Seafarer commentary on South Korea’s Corporate Value-Up Program:

Founding families have long kept a tight grip over corporate Korea. It may not change overnight, but that grip is slowly loosening. Long-term investors should take note.
The views and information discussed in this video are as of the date of publication, are subject to change, and may not reflect Seafarer’s current views. The views expressed represent an assessment of market conditions at a specific point in time, are opinions only and should not be relied upon as investment advice regarding a particular investment or markets in general. Such information does not constitute a recommendation to buy or sell specific securities or investment vehicles. It should not be assumed that any investment will be profitable or will equal the performance of the portfolios or any securities or any sectors mentioned herein. The subject matter contained herein has been derived from several sources believed to be reliable and accurate at the time of compilation. Seafarer does not accept any liability for losses either direct or consequential caused by the use of this information.
As of March 31, 2026, securities mentioned in the video comprised the following weights in the Seafarer Overseas Growth and Income Fund: Samsung Electronics Co., Ltd. (4.6%), and Samsung Electronics Co., Ltd. Pfd. (0.9%). As of March 31, 2026, the Seafarer Funds did not own shares in the other securities mentioned in this video. View the Seafarer Overseas Growth and Income Fund’s Top 10 Holdings. Holdings are subject to change.
Sources: Bloomberg; Korea Financial Supervisory Service (DART); Seafarer.