Look at 'This' Instead of Samsung Electronics: AI Expansion Ultimately Ends in Humanoids; When Will Record-Earnings Defense and Shipbuilding Stocks Begin to Rise? | Lee Young-hoon

Summary

Lee Young-hoon, Director at iM Securities Seoul Finance Center, joined host Hwang Yu-hyeon to discuss Korean equity strategy. He argued the KOSDAQ rally is overvalued and structurally unhealthy, while global defense and shipbuilding are healthy but Korean peers lag due to domestic fund-flow concentration. He favors humanoid robotics as the next AI expansion endpoint, remains positive on Hyundai Motor, watches Tesla's robot/software pivot, and is holding cash into a likely tougher February market.

• KOSDAQ is seen as overvalued and in need of delisting and coverage reforms.
• Korean defense and nuclear exposure was reduced; shipbuilders are kept for a U.S. naval legislation catalyst.
• Semiconductor exposure was increased within the guest's portfolio.
• Humanoid robotics is viewed as the likely endpoint of AI expansion.
• Hyundai Motor is favored for robot readiness and relative valuation versus Tesla.
• Tesla's pivot from low-volume EVs toward software and Optimus is watched as a strategy shift.
• The guest raised cash and expects February and Lunar New Year markets to be tougher.
• Global defense and Japanese/U.S. shipbuilding were noted as healthy, but not as separate Korean trades.