US Commerce Department Pressures with Semiconductor Tariffs — Will Samsung Electronics and SK Hynix Also Be Hit? / Where Is the Next Rotation's Top Priority? | The Premier CEO Kang Gwan-woo

Summary

Kang Gwan-woo, CEO of The Premier, discusses why Korean semiconductor stocks remain weak despite strong Nvidia results, arguing that Samsung Electronics and SK hynix should be accumulated as high-dividend/shareholder-return names while near-term trust and tariff issues persist. He also covers Chinese memory competition, the OpenAI IPO liquidity setup, and rotation ideas into cosmetics and construction/EPC, while treating secondary batteries as a sell-into-strength area. He expects US 10-year yields to remain capped and urges conservative, responsive positioning.

• Korean semiconductor names are weak due to rates, rotation and trust loss rather than broken fundamentals.
• Samsung Electronics and SK hynix are viewed as accumulating opportunities with shareholder-return re-rating potential.
• US DRAM tariff fears are considered overblown and mostly priced in.
• YMTC is seen as a bigger medium-term threat than CXMT, especially in NAND.
• OpenAI IPO may drain liquidity pre-listing but benefit Samsung and SK hynix after capex.
• Cosmetics names are favored for event-driven trading, while secondary batteries are viewed as overvalued.
• US-linked construction/EPC names such as Samsung C&T, Hyundai E&C and Doosan Enerbility are preferred over nuclear.
• US 10-year Treasury yields are expected to calm, supporting a potential year-end rally.