South Korea experienced its "worst day on record" followed by a 10-12% bounce. Cham notes "fundamentals are still resilient" and earnings consensus for semiconductors is rising. The crash was driven by retail leverage unwinding (margin calls), not a change in business value. With memory chip demand (AI/Tech) remaining strong, the sell-off offers a discount on high-quality tech exposure. MU (Micron) is the closest US proxy to SK Hynix/Samsung dynamics. LONG South Korea ETF or Memory proxies to capture the mean reversion. Continued foreign capital outflows or further escalation in Asian geopolitical tensions.