Gold Price Has Broken Through the Ceiling, Why Has the Bank of Korea Been Idle for 13 Years?

Summary

Park Se-ik hosts a daily market news review. He discusses Samsung Electronics' memory upcycle, SK Telecom's post-hacking recovery, gold's rally amid central bank buying, and a weakening dollar index. He also reads reports on Hyundai Glovis and Korea's military ranking while emphasizing investment discipline and risk management.

• KOSPI is described as very hot after reaching the 5,000 level, with hosts discussing investor discipline and risk management.
• Samsung Electronics is highlighted via a SK Securities report expecting a strong 2026 memory-driven profit cycle and a much higher target price.
• SK Telecom is presented as a buy after the hacking shock, supported by dividend recovery and possible AI foundation-model status.
• Gold is discussed as making new highs while the Bank of Korea has not added gold reserves for 13 years.
• Park criticizes the Bank of Korea's low gold holdings relative to foreign reserves and its focus on yield rather than price gains.
• The dollar index falling to a four-year low is linked to Trump's weak-dollar comments, Fed independence concerns, and yen intervention expectations.
• Park expects continued dollar weakness and says KOSPI may keep rallying until the dollar index bottoms, possibly into May.
• Hyundai Glovis and Korea's military ranking are covered as news items without clear speaker-owned investment edges.