Weiss Korea Opportunity Fund Ltd.
WKOF.L
London Stock Exchange120.00
GBp
-10.00
- -
Weiss Korea Opportunity Fund Ltd.
WKOF.L
(London Stock Exchange)
Recent
price
120.00
P/E
ratio
-13
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Similar Companies
- Business
- Weiss Korea Opportunity Fund Ltd. (WKOF.L) is a closed-ended investment company that invests primarily in listed preference shares issued by South Korean companies, which typically trade at a discount to their corresponding common shares and offer higher dividend yields and lower price-to-earnings ratios; it may also allocate to exchange-traded funds, futures contracts, options, swaps, derivatives related to Korean equities, and cash equivalents. The fund targets long-term capital appreciation for shareholders through value-based strategies employing deep fundamental research and statistical analysis, with a portfolio historically concentrated in preference shares of consumer, electronics, and materials sector issuers such as LG Electronics Inc. Prf., CJ CheilJedang Corp. Prf., SK Chemicals Co. Ltd. New Prf., Amorepacific Holdings Co. Prf., and LG Hausys Ltd. Pfd. Incorporated in 2013 and domiciled in Guernsey with its registered office at Trafalgar Court, Les Banques, St. Peter Port, the fund operates its investment strategy from the United States via its alternative investment fund manager, Weiss Asset Management LP, headquartered in Boston, Massachusetts. Geographically focused on the public equity markets of South Korea across diversified sectors and market capitalizations, it benchmarks performance against the MSCI Korea 25/50 Net Total Return Index. In a major strategic shift, shareholders approved a managed wind-down on 14 April 2025 following a strategic review launched in November 2024, prompted by the investment manager's assessment that the opportunity set for Korean preference shares had diminished; the fund's objective now centers on the orderly realization of all existing assets, ceasing new investments except in cash equivalents, with pro rata share redemptions executed equivalent to GBP 70 million on 9 July 2025 (paid 23 July 2025) and further compulsory redemptions announced, alongside full asset realization completed by November 2025.