If a correction comes, it's an opportunity: why semiconductors despite the volatility? | Lee Kwon-hee, CEO of Wizwave [Global Interview]

Summary

Lee Kwon-hee, CEO of Wizwave, argues that geopolitical tensions will cause market volatility but not derail the semiconductor-led uptrend. Strong earnings through H1 2027 make any correction a buying opportunity, especially in Samsung Electronics and SK Hynix. He provides a tactical 5%-dip rule, expects Samsung's valuation to catch up to SK Hynix, and highlights SK Hynix's ADR listing and HBM pricing as added catalysts.

• US-Iran/Israel-Hezbollah tensions will oscillate but are unlikely to escalate into full-scale war; markets will gradually desensitize.
• Korean KOSPI has surged from 5500 to 9000 in under three months, driven by semiconductor strength.
• Semiconductor earnings uptrend is highly visible through H1 2027, making Geopolitical dips buying opportunities.
• A specific short-term rule: buy Samsung Electronics or SK Hynix on days when either drops 5% or more.
• Samsung Electronics trades at a discount to SK Hynix on forward P/E (6.8x vs 7.6x) and will close the gap toward 8x.
• SK Hynix's ADR approval and HBM price doubling next year provide additional upside catalysts.
• Other traditional Korean sectors (shipbuilding, defense, nuclear) are also strong, but semiconductors dominate attention.
• The host briefly promotes a SpaceX 2x leveraged ETF product.