HBM is Still in Short Supply... Why Memory Semiconductors Will Grow Until 2028: 'Semiconductor Peak-Out Is an Illusion' | CEO Lee Kwon-hee

Summary

Lee Kwon-hee, CEO of WizWave, argues that HBM supply shortages will keep memory semiconductors growing through 2028 and that the current pullback is a buying opportunity. He highlights foreign buying in Korean chip equipment stocks, introduces ASICLAND as a new SK Hynix SSD production partner, and points to NCsoft as a defensive holding. He strongly warns against leveraged ETFs in Korea due to structural risks.

• Memory semiconductor demand, led by HBM, will stay tight until 2028; peak-out fears are wrong.
• After recent panic selling, Samsung Electronics and SK Hynix are set for a near-term rebound and have further upside over time.
• Foreign investors have shifted back into Korean semiconductor equipment and test stocks, expecting a bounce.
• ASICLAND is presented as an under-the-radar play on SK Hynix's enterprise SSD mass production ramp.
• NCsoft is highlighted as a stable, defensive stock with a second-half catalyst from a new game launch.
• Individual investors have fled KOSDAQ into leveraged single-stock and index ETFs, worsening losses and market instability.
• The speaker advises avoiding Korean leveraged ETF products altogether.