Capital Allocation Workbench
v2.6 Real-Time Engine
Preset Scenarios (Bloomberg Benchmark)
10.0 Trillion KRW
50.0%
Current Common Stock Price (005930)
70,000 KRW
Reported Korean Governance Discount
45.0%
Initial Preferred Price (005935)
38,500 KRW
Bloomberg Market Context: South Korean non-voting preferred shares historically trade at an excessive ~45% discount due to corporate governance skepticism. Buybacks explicitly retiring preferred stock create acute float compression, forcing direct valuation convergence.
Spread Convergence & Valuation Dashboard
D3 Dynamic CurveDiscount Narrowing
22.5%
Final Discount: 22.5%
Spread Compression
2250
Basis Points (bps)
Pref. Price Gain
+40.9%
Target: 54,250 KRW
Total Value Locked
10.0 Trillion
KRW Capital Program
Dynamic Price Convergence Path
Common vs. Preferred share valuation trajectory across cumulative buyback execution
Common (005930)
Preferred (005935)
Spread Gap
Capital Allocation Breakdown & Valuation Impacts
| Security Class | Capital Deployed | Estimated Repurchased Shares | Post-Action Price | Per-Share Value Created |
|---|---|---|---|---|
| Preferred (005935) | 5.0 Trillion KRW | 107.8M shares | 54,250 KRW | +40.9% (+15,750 KRW) |
| Common (005930) | 5.0 Trillion KRW | 70.1M shares | 71,300 KRW | +1.9% (+1,300 KRW) |
Research Grounding & Bloomberg Sources: South Korean preferred stock discounts have historically widened up to 45% (with individual peaks exceeding 80%) due to the "Korea Discount" and non-voting status. In prior corporate buyback campaigns, Samsung Electronics compressed the spread down to 4.8% by aggressively buying and cancelling preferred shares.
Verified Status URL: Bloomberg via X (@business)
Verified Status URL: Bloomberg via X (@business)