The Impact of Korea's Population Structure on KOSPI

Summary

Park Se-ik uses Korea's aging population structure to explain the long-term decline in department store stocks and why a tourism-driven turnaround is now under way. He also discusses Apple as an example of a quality stock, explains how rising US bond yields eventually self-correct and create buying opportunities, and strongly condemns overseas 3x leveraged ETFs as destructive gambling that should be banned.

• Korea's aging population structurally reduced department store sales, but surging inbound tourism now drives a recovery.
• Foreign tourist arrivals are rising toward 30 million, aided by Chinese travelers avoiding Japan, boosting department store foreign sales share.
• Apple is analyzed as a quality stock with steady earnings thanks to brand loyalty and high-margin services revenue.
• Rising 10-year Treasury yields eventually trigger an economic slowdown that pushes yields back down, creating cheap entry points for quality stocks.
• Overseas 3x leveraged ETFs act like roulette; daily rebalancing decay guarantees long-term capital destruction for retail investors.
• Park Se-ik calls on regulators to ban retail access to 3x leveraged ETFs to prevent national wealth outflow.