Has the Full-Scale Bear Market Begun? If You're Stuck with Samsung Electronics and SK Hynix, Do This; The Big Catalyst to Save the September Stock Market Is 'This' — Lee Geon-hee CEO

Summary

Lee Geon-hee CEO argues the Korean market is in a rangebound correction, not a bear market, and recommends short-term dip trading rather than exiting. He tells Samsung Electronics and SK Hynix holders to endure this year because earnings and foundry/memory momentum should improve next year. He highlights semiconductor test/back-end and materials/components/equipment as relative strength areas, and sees stablecoins and the September 15 Clarity Act vote as the next major market catalyst, while warning that US Treasury yields face upward pressure from heavy corporate bond supply.

• Korean market viewed as rangebound, not a full-scale bear market; use cash for short-term dip trading.
• Samsung Electronics and SK Hynix holders should not sell; limited near-term upside but next-year earnings support.
• Samsung-specific foundry thesis: TSMC capacity constraints may push orders to Samsung next year.
• Semiconductor test/back-end names DI, ISC, YC, and EO Technics show relative strength on structural test demand and fab equipment orders.
• Korean semiconductor materials/components/equipment favored on pullbacks as the sector rotates.
• US short-term Treasuries seen vulnerable to selloff from record corporate bond issuance.
• Stablecoin theme supported by global bank consortium and US policy; stablecoin-linked stocks attractive long-term.
• September 15 Clarity Act vote could be a near-term market inflection point.