South Korea’s Super-Rich Sold $1.2 Billion of Samsung, SK Hynix Stock. What They Bought Instead

South Korea’s ultra-wealthy investors sold about $1.2 billion worth of Samsung Electronics and SK Hynix shares in the third quarter. As they prepared for fourth-quarter uncertainty, they took profits in short-term winners and shifted to what private bankers described as an extreme barbell strategy, pairing dividend-rich preferred shares with leveraged…