Should I use it or not? A user manual for the U-turn account for Korean retail investors in US stocks

Summary

Park Se-ik presents a daily market briefing that mixes portfolio-management housekeeping with analysis of Korean and global news. The main investment themes are a continued focus on semiconductors and AI-memory demand, potential improvement in KOSDAQ market quality from stricter delisting rules, and a positive Korean equity setup tied to the new RIA tax-repatriation account. He also flags macro risks from record global debt, sticky long-term US yields, and fiscal dominance, while summarizing Nvidia's CES physical-AI push and AMD's competitive response.

• Park Se-ik discussed long-term index investing in KOSPI and the S&P 500 and the difficulty of tolerating volatility.
• He reported adding a semiconductor ETF and reiterated a near-term focus on semiconductors.
• He highlighted Jensen Huang's memory-bottleneck comments and expected broader HBM, DRAM, and NAND demand.
• He reviewed KOSDAQ delisting reforms, supporting removal of zombie companies while noting eased listing standards for core technology.
• He covered record global debt and fiscal dominance, arguing that sticky long-term US yields can cap equity upside.
• He explained the RIA tax exemption for selling overseas stocks and reinvesting in Korean equities, favoring Q1 use.
• He summarized Nvidia's CES announcements on full-stack physical AI, autonomous driving, and Vera Rubin, plus AMD's competing AI chips.
• He closed with a warning about fraudulent investment channels impersonating Chesley.