Samsung Electronics Value… Even Conservatively, 'Now is the Time to Buy and Hold' / Stock Price Suppression Prevention Act… Why It's Disappointing and Frustrating | Professor Seo Jun-sik, Soongsil University Economics Department

Summary

Professor Seo Jun-sik of Soongsil University assesses the Korean stock market after a sharp correction, arguing the KOSPI near 6,500 is fairly valued and investors should hold. He singles out Samsung Electronics common and preferred as suitable long-term holdings, endorses tax-free Super ISA accounts for high-dividend domestic stocks, and predicts the flawed stock-price-suppression law will be amended in a way that finally benefits deeply undervalued low PBR companies.

• KOSPI near 6,500 is not significantly overvalued; long-term investors should hold rather than sell.
• Samsung Electronics at 200,000–250,000 KRW is conservatively fair; preferred shares offer lower volatility and higher dividends.
• The new Super ISA (domestic only, 200M KRW limit, full tax exemption) will attract long-term money into Korean high-dividend stocks.
• The initial anti-stock-suppression draft is effectively a 'suppression encouragement act' and will likely be replaced by a much stronger, pro-shareholder law.
• A proper anti-suppression law would compel many low PBR companies to stop depressing their stock prices, triggering re-ratings.
• Professor Seo criticizes the late leverage-ETF regulations and urges capital-market strengthening instead.