{
  "docId": "019dd923-622c-750b-8b9c-4d60400dcc89",
  "docSlug": "8c49473591c7",
  "documentTitle": "Samsung Electronics Co., Ltd. (005930.KS)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2016-10-05 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 19,
  "pageCount": 31,
  "prevPage": 18,
  "nextPage": 20,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 10,
  "notes": "The chart compares 6M ADTV as a percentage of market cap for Samsung vs. peers, highlighting the liquidity gap.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "bar_chart_vertical",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9c-4d60400dcc89/19",
  "deckHref": "/decks/019dd923-622c-750b-8b9c-4d60400dcc89",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9c-4d60400dcc89.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-4d60400dcc89#slide-19",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Samsung Electronics currently lacks an effective international equity listing (over and above its KRX listing) for its core operating businesses, despite the impressive scale and global reach of those businesses",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-1ac3-70f9-8545-dc3b3743163b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.6,
        "x": 0.2,
        "y": 0.45
      },
      "kind": "chart",
      "text": "6M ADTV as % of Market Cap",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f65bc4a8-de4f-426e-beee-f551ef285bed",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.9,
        "x": 0.05,
        "y": 0.15
      },
      "kind": "list",
      "text": "Samsung Electronics currently lacks an effective international equity listing... Only c. US$300 million per day of Samsung Electronics equity is traded... Micron, despite being less than 10% of Samsung Electronics' size... A US listing has provided an additional US$200 million of daily volume to TSMC...",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "32c3f027-ac86-47bb-99dc-bf2c36f79322",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "6M ADTV as % of Market Cap: 2.0%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-1ac3-70f9-8545-e2f728ea1530",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.9,
        "x": 0.05,
        "y": 0.88
      },
      "kind": "source-note",
      "text": "Source: Company filings. Notes: 1. Samsung has a GDR listing... 2. Taiwan Semiconductor... 3. Includes TSMC's ADR listing.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bacf1403-df8d-42fb-9df8-15cadc941c36",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.2,
        "y": 0.8
      },
      "kind": "table",
      "text": "6M ADTV (USDmm) values for Samsung, TSMC, Qualcomm, Apple, Micron",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cce4df1b-27f6-4fee-bced-8eec10ef9027",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "3. SAMSUNG ELECTRONICS LACKS AN EFFECTIVE INTERNATIONAL EQUITY LISTING FOR ITS CORE OPERATING BUSINESSES",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3d182a80-b615-43db-bb7d-0235e2554a4c",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [
    {
      "to": 25,
      "from": 4,
      "name": "Logic Chain",
      "slug": "01-logic-chain",
      "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis",
      "matchId": "98eee7f2-87ad-4ed3-9f1c-3b010e8b32bb",
      "evidence": "The document presents a clear logical chain of argumentation, linking the problem to the proposed solutions",
      "position": 0,
      "objective": "To demonstrate the logic behind the proposed solutions",
      "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)",
      "confidence": 0.7,
      "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}