Disclaimer

K-EQUITY ALPHA | REGULATORY COMPLIANCE & DISCLAIMER

Legal & Financial Disclaimer

Mandatory disclosure of informational use, non-advisory status, and capital loss risk for international investors.

⚠️ Critical Summary for Readers & Investors

All research articles, quantitative models, domestic brokerage consensus tables, target prices, and technical charts published on K-Equity Alpha are provided strictly for educational, informational, and analytical purposes only. K-Equity Alpha is not an investment adviser, broker-dealer, or registered financial institution under the laws of the Republic of Korea, the United States, or any other jurisdiction. Nothing on this site constitutes a personalized recommendation or solicitation to buy, sell, or hold any security.

1. No Financial Advisory Relationship

1) K-Equity Alpha and its contributors are not licensed under Korea’s Financial Investment Services and Capital Markets Act (FSCMA), the US Investment Advisers Act of 1940, or FINRA regulations.

2) The information contained herein does not take into account the specific investment objectives, tax circumstances, liquidity constraints, or risk tolerance of any individual reader. No client, fiduciary, or advisory relationship is formed by accessing, reading, or subscribing to K-Equity Alpha.

2. Equity Investment Risks & Market Volatility

• Capital at Risk: Investing in equities listed on the Korea Exchange (KRX), OTC Pink Sheets, or foreign depository receipts involves high volatility and the potential loss of your entire invested capital.
• Foreign Exchange (FX) Risk: South Korean equities trade natively in Korean Won (KRW). International investors face fluctuations in the USD/KRW exchange rate, which may significantly reduce investment gains or amplify losses when converting back into foreign currencies.
• Dividend Withholding Taxes: South Korea enforces statutory dividend withholding tax rates (commonly 22%, subject to double taxation treaties reducing it to 11%–16.5%). Investors are advised to consult their certified tax accountants.
• Past Performance Disclaimer: Historical stock returns, operating margins, past earnings surprises, and domestic analyst target prices offer no guarantee of future share price performance.

3. Data Accuracy & The "Seoul Consensus"

The brokerage consensus data, target prices, and analyst commentary featured on K-Equity Alpha are synthesized from reports publicly published by Korean domestic securities firms (e.g., Mirae Asset, Korea Investment & Securities, NH, Samsung, KB, Shinhan, Hana, Kiwoom, Meritz, Daishin).

While we make rigorous efforts to ensure translation integrity and mathematical precision, we cannot guarantee the absolute accuracy, completeness, or timeliness of corporate disclosures, real-time market quotes, or broker revisions. Market conditions change rapidly, and figures are subject to immediate adjustment.

4. Full Limitation of Legal Liability

Under no legal theory (whether in contract, tort, negligence, or strict liability) shall K-Equity Alpha, its creators, editors, or affiliates be held liable for any direct, indirect, special, incidental, or consequential damages, trading losses, lost opportunity costs, or lost profits arising from any investment decision made based upon the information, analysis, charts, or opinions published on this website. Readers assume full, unconditioned responsibility for their trading executions.

5. Copyright & Attribution

All written reports, infographic designs, and chart visualizations are original works protected by copyright. Short excerpts and citations are welcomed provided that direct attribution and an active hyperlink to K-Equity Alpha are clearly included. Automated scraping or uncredited commercial reproduction is strictly prohibited.

⚖️ Legal & Compliance Inquiries: niky4759@gmail.com

Effective Date: January 1, 2026 | Last Updated: January 1, 2026