Ants Who Don't Believe in KOSDAQ's Surge... Bet on 'Decline' with Inverse ETFs

Ants Who Don't Believe in KOSDAQ's Surge... They Bet on "Decline" with Inverse ETFs | Chesley Investment Advisory Executive Director Park Se-ik [Womae Shinbak / 26.08.12.Wed]
Watch on YouTube ↗  |  August 12, 2026 at 09:12  |  57:03  |  Chesley Investment Advisory (체슬리투자자문)
Speakers
Park Se-ik — CEO, ex-Chief Strategist

Summary

Park Se-ik analyzes market news, arguing KOSPI at 6,300 is cheap given massive corporate profits. He highlights SK hynix's hidden value in Kioxia, foresees rotation into KOSDAQ small caps when semiconductor leaders pause, and finds K-beauty and department stores undervalued. He also expects a strong post-US-midterm rally and warns about won appreciation risk for overseas investments.

  • KOSPI at 6,300 level is deemed cheap due to huge Korean corporate profits.
  • SK hynix's ~14% stake in Kioxia via CBs could be monetized, unlocking ~35 trillion won in value.
  • Historical pattern suggests small-cap KOSDAQ stocks rally when large-cap semis rest.
  • K-beauty exports reach a record high, making the sector attractive if valuations are low.
  • Department store stocks like Shinsegae are undervalued despite surging profits from tourism and luxury sales.
  • Expects Korean market to rally strongly after US midterm elections in October.
  • Warns that further won appreciation could hurt returns from overseas equity investments.
Ideas
Park Se-ik CEO, ex-Chief Strategist 28:07
KOSPI 6,300 is cheap on huge profits
KOSPI at 6,300 level is clearly cheap because Korean firms are generating massive profits: 300 trillion won last year, 900 trillion this year, and likely 900-1,000 trillion next year even if semiconductor prices decline from the second half of next year.
EWY MED
Park Se-ik CEO, ex-Chief Strategist 36:50
Kioxia stake monetization positive for SK hynix
SK hynix effectively holds a ~14% stake in Kioxia via convertible bonds, worth around 35 trillion won based on current market cap of 243 trillion yen. Monetizing this stake by selling the CBs could bring substantial cash and unlock value, a positive catalyst for SK hynix.
000660.KS MED
Park Se-ik CEO, ex-Chief Strategist 52:51
Department stores cheap despite profit surge
Department store stocks like Shinsegae are undervalued after a sell-off driven by subsidiary loss concerns, while core department store profits are surging on foreign tourist boom and strong luxury sales. Structural growth in department stores is solid and earnings will keep rising, making the stock cheap.
004170.KS HIGH
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This Chesley Investment Advisory (체슬리투자자문) video, published August 12, 2026, features Park Se-ik discussing EWY, 000660.KS, 004170.KS. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Se-ik  · Tickers: EWY, 000660.KS, 004170.KS