Name: The Truth About Peak Fear... There's Another Reason You Can't Make Profit | Lee Gwon-hee, Wizwave CEO [Global Interview]
Uploaded: 2026-04-28T22:49:33+00:00
Duration: 1988 s

Speakers

Kim Jang-yeol — Reporter, The Bell

Lee Kwon-hee — CEO, Economist

Summary

Lee Kwon-hee, CEO of Wizwave, argues that the semiconductor-led market remains intact, with Korean memory leaders still undervalued and KOSPI potentially reaching 7,500 on a P/E re-rating. He advises investors not to chase already-extended power equipment and instead look toward shipbuilding and nuclear-related stocks. He also highlights company-specific setups in Samsung Electronics, Samsung Heavy Industries, HD Hyundai Heavy Industries, Hanwha Ocean, Sanil Electric, and LS Corp.

Semiconductor investment remains essential; Korean memory names are still cheap.
KOSPI could reach 7,500 if P/E re-rates to its historical average.
Samsung custom memory announcement is a potential second-half catalyst.
Power equipment has run up; rotation may favor shipbuilding and nuclear.
Shipbuilding names discussed: Samsung Heavy, HD Hyundai Heavy, Hanwha Ocean.
Hanwha Ocean's share-exchange lock-up may create a buy window.
Sanil Electric and LS Corp are highlighted within power/cable themes.
Host briefly recommends accumulating KODEX Semiconductor ETF.

Ideas

Kim Jang-yeol Reporter, The Bell 0:30

Accumulate KODEX Semiconductor ETF steadily

Semiconductor investment is essential because leading stocks cannot be ignored. For investors who find individual stock selection difficult or who invest through retirement pensions, steadily accumulating KODEX Semiconductor ETF is a good approach.

Lee Kwon-hee CEO, Economist 5:10

Korean memory semis still undervalued

AI investment and memory demand are shifting semiconductors into a structural growth phase, not a short cycle. Samsung Electronics trades below 6x P/E and SK hynix in low 4x P/E, still cheap versus target prices; the semiconductor-led market remains intact. Investors should be patient rather than panic over daily relative moves.

Lee Kwon-hee CEO, Economist 12:37

KOSPI can reach 7500 on re-rating

KOSPI P/E is in the low 8x range versus a long-term average around 9.3x. If it re-rates to 9x as Hormuz opens and semiconductor earnings doubts clear, KOSPI could reach 7,500; timing is uncertain but the trend and event catalysts support it.

Lee Kwon-hee CEO, Economist 19:22

Avoid chasing Daewoo E&C after surge

Daewoo E&C has already surged after a big-bath accounting reset and nuclear/reconstruction momentum. The stock is now in the holders' zone; new investors should not chase it at current levels.

Lee Kwon-hee CEO, Economist 24:18

Rotate from power equipment to shipbuilders/nuclear

Power equipment has already run up sharply, so chasing it risks buying expensive. Within the AI/data center/power theme, money is rotating; investors should wait in shipbuilding or nuclear-related stocks for the next leg.

Lee Kwon-hee CEO, Economist 24:18

Rotate from power equipment to shipbuilders/nuclear

Lee Kwon-hee CEO, Economist 25:14

Samsung Heavy breaks out on FLNG/data centers

Samsung Heavy Industries is breaking out of a long-term box. It has floating data center technology and a prior MOU, and its FLNG business should benefit as data centers move offshore near coastal cities.

Lee Kwon-hee CEO, Economist 26:07

HD Hyundai Heavy gains from engine demand

Data center power shortages are pulling in ship engines such as HiMSEN; HD Hyundai Heavy Industries is a key beneficiary. The engine-related momentum can drive the stock, and recent pullbacks are opportunities to watch.

Lee Kwon-hee CEO, Economist 28:31

Sanil Electric benefits from solar transformers

Sanil Electric makes special transformers, and growing solar/renewables capacity should increase demand for its products. It is relatively less risen within the power equipment theme.

Lee Kwon-hee CEO, Economist 28:53

LS Electric benefits from AI data centers

Within power equipment, LS Electric is receiving higher valuation for its switchgear/power distribution exposure tied to AI data centers. It is a key AI data center power infrastructure beneficiary, though the broader power equipment group has already run.

Lee Kwon-hee CEO, Economist 29:01

LS Corp looks cheap versus cable peers

Government restrictions on chaebol subsidiary listings reduce the need for holding-company discounts. LS's cable business is valuable, and with Daehan Electric Wire trading at high P/B, LS looks cheap on a relative basis.

Lee Kwon-hee CEO, Economist 29:53

Buy Hanwha Ocean on lock-up weakness

Hanwha Ocean has defense-related shipbuilding exposure. Its share exchange with Hanwha Systems is likely to cap the stock price for about a month, but once the lock-up resolves it should rise; investors can buy during the sideways/weak period despite good earnings.

The Truth About Peak Fear... There's Another Reason You Can't Make Profit | Lee Gwon-hee, Wizwave CEO

Summary

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