CLSA Head of Korea Research Paul Choi on Krafton IPO

The video discusses the IPO of Crafton, highlighting its global reach and dependence on a single game, which affected its popularity. It also examines Kakao Bank's valuation, noting its platform-based approach and regulatory advantages. The video further explores upcoming IPOs like LG Energy Solution, addressing concerns about market liquidity and the impact of subsidiary listings on parent companies.

What was a major reason for Crafton's IPO not being very popular?

• Cheap valuation

• Low global revenue

• Over-reliance on a single game

• High subscription rate

How does Kakao Bank's valuation compare to traditional banks?

• It is not valued as a bank

• It is higher than traditional banks

• It is similar to traditional banks

• It is lower than traditional banks

What advantage has Kakao Bank leveraged to grow in the market?

• Innovative banking solutions

• Traditional banking practices

• Favorable regulations

• High interest rates

What is a potential issue with the IPOs of subsidiaries like LG Energy Solution?

• They divert interest from the parent company

• They enhance shareholder value

• They have no impact on the market

• They increase interest in the parent company

What challenge does the market face with the influx of new IPOs?

• Excessive liquidity

• Limited domestic liquidity

• High interest rates

• Lack of investor interest