Buzzberg Cup Live

Even if semiconductors shake, the bull market is not over | Song Jaekyung, Dimension Investment Advisory CEO

Even if semiconductors shake, the bull market is not over | Song Jaekyung, Dimension Investment Advisory CEO [Double Check]
Watch on YouTube ↗  |  July 03, 2026 at 00:51  |  28:37  |  3PRO TV (삼프로TV)
Speakers
Song Jaekyung — CEO

Summary

Song Jaekyung, CEO of Dimension Investment Advisory, interprets the sharp semiconductor sell-off as a healthy rotation driven by leveraged positioning rather than a fundamental breakdown. He sees strong earnings providing support, views the SK hynix ADR listing as a positive near-term catalyst, and expects bank stocks and deeply undervalued low-PBR plays to benefit from Korea’s economic strength and upcoming tax legislation. On commodities, he describes a U-shaped recovery for oil and warns against aggressive short bets.

  • Semiconductor sell-off is a leverage-driven rotation, not the end of the bull market.
  • Samsung and SK hynix earnings are strong; buy the dip with ADR listing as a catalyst.
  • Korean bank stocks poised to rally as overlooked cyclical sector on robust GDP growth.
  • Low-PBR stocks set to re-rate if legislation penalizing sub-0.8x valuations passes in July.
  • Crude oil seen in a gradual U-shaped recovery; aggressive shorting is risky.
  • Hyundai Motor Group needs concrete restructuring steps; near-term momentum is absent.
Ideas
Song Jaekyung CEO 5:16
Buy semiconductors on earnings strength.
Semiconductor earnings remain exceptionally strong for Samsung Electronics and SK hynix through at least the first half of next year. The recent sharp sell-off is driven by excessive leveraged positioning and profit-taking, not fundamental deterioration. The upcoming SK hynix ADR listing will serve as a positive catalyst, and the market overreacted to Meta’s spending comments. The sell-off creates a buying opportunity in the semiconductor leaders.
005930.KS 000660.KS HIGH
Song Jaekyung CEO 8:41
Bank stocks to rise on economy.
Korea’s economy is robust, with GDP growth forecasts as high as 4% and record exports. Cyclical sectors like banks have been sidelined for three months while semiconductors rallied. With healthy rotation underway, bank stocks are poised to benefit from improving economic momentum and catch-up trade, mirroring similar moves in US financials.
KBE MED
Song Jaekyung CEO 16:28
Oil in U-shaped recovery, don't short.
The oil market has flipped from backwardation to contango, signaling the market does not expect a violent price spike. However, global crude inventories are at historically low levels, and China will need to restock. This supports a gradual U-shaped recovery in oil prices. Aggressive short positions are risky because the downside is limited, and the path of least resistance is moderately higher.
WTI MED
Up Next
3:03:36
[July 3rd #BeforeMarketOpen] US AI Semiconductor Plunge Leads to Nasdaq Decline / Weakening US Employment Slowdown Reduces Rate Hike Possibility / 3 Trillion Won in Forced Liquidations for Retail Investors... US, Japan Also Hit Record Margin Loans
815 Money Talk (815머니톡) · Jul 03
48:54
Converting Gamblers Into Traders, the Winner Effect, and the Coming Poker Resurgence
Thread Guy · Jul 03
1:41:34
[Chesley Morning Brief] Dow Rises 1.14% to 'All-Time High'...Semiconductors Plummet Amid AI Bubble Theory [26/07/03]
Chesley Investment Advisory (체슬리투자자문) · Jul 03
46:33
More Important Than Meta Shock...The Real Reason for the Semiconductor Crash | Park Byeong-chang, MP Partners CEO [Market Inside]
3PRO TV (삼프로TV) · Jul 03
15:57
Why a Stablecoin Freeze Can Be Front Run: DEX in the City
Unchained (Chopping Block) · Jul 02

This 3PRO TV (삼프로TV) video, published July 03, 2026, features Song Jaekyung discussing 005930.KS, 000660.KS, KBE, WTI. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Song Jaekyung  · Tickers: 005930.KS, 000660.KS, KBE, WTI