Three Major Variables That Will Divide the Won-Dollar Exchange Rate: Samsung Electronics/SK Hynix, US Investment, Interest Rates | Chesley Investment Advisory Executive Director Park Se-ik

3 Major Variables That Will Divide the Won-Dollar Exchange Rate: Samjeonnix, US Investment, Interest Rates | Chesley Investment Advisory Executive Director Park Se-ik [Womaesinbak / 26.09.10.Thu]
Watch on YouTube ↗  |  September 10, 2026 at 08:42  |  1:02:06  |  Chesley Investment Advisory (체슬리투자자문)
Speakers
Park Se-ik — CEO, ex-Chief Strategist

Summary

Park Se-ik reviews market news on the won-dollar exchange rate and the three variables of Samsung/SK Hynix dollar conversion, US investment, and US interest rates. He argues the won may strengthen further against the yen and cautions against buying yen. He also discusses AI storage spillover into HDD, criticizes leveraged Korea ETFs like KORU as casino instruments, and highlights a buy-the-dip approach for Korean equities.

  • Won-dollar fell from 1,560 to 1,330; forecasts are split between 1,200 and 1,400 on Samsung/SK Hynix FX flows, US investment, and US rate policy.
  • Park warns that currency moves can overshoot and says not to trust article forecasts blindly.
  • He sees further KRW strength versus JPY, citing Korea's export structure and Japan's debt, and says he will not buy yen yet.
  • The Future Response Fund is debated; Park suggests parking cash in MMF and buying stocks only in crashes.
  • HDD prices hit record highs as AI datacenter demand spills into legacy storage; Seagate is cutting low-capacity supply.
  • Direxion is considering a 2x Korea ETF; Park strongly criticizes 3x KORU as a ruinous leveraged gambling product.
  • AI infrastructure deals from Qualcomm, Corning and others are reported but treated as news recaps rather than speaker-driven trades.
Ideas
Park Se-ik CEO, ex-Chief Strategist 38:59
Won may strengthen further versus yen.
Park argues that the Korean won can strengthen much further against the Japanese yen and that this is not the time to buy yen as an investment. He notes that the won-yen rate already fell from around 950 to 870 per 100 yen, but sees the 2007 low near 740 as a precedent, so an 800 break is possible. He justifies this by Korea's stronger export structure in semiconductors, batteries and shipbuilding, which has overtaken Japan, and by Japan's excessive government debt, while downplaying the argument that a break of 1,000 yen makes the yen a buy.
KRWJPY HIGH
Park Se-ik CEO, ex-Chief Strategist 46:24
Buy Korean stocks during crashes.
Park proposes that Korea's future response fund, and investors generally, should keep cash in short-term instruments during normal times and aggressively buy stocks during market crashes, then take profits after roughly 20% gains. He argues crashes occur about once a year, so executing this would have produced more than 60% over three years and always makes money when buying into panic.
Korean equities MED
Park Se-ik CEO, ex-Chief Strategist 50:24
AI spillover boosts HDD demand.
AI data center investment is spilling over into legacy storage: SSD/NAND capacity is being pulled toward AI datacenter demand, reducing general-purpose flash supply and lifting PC SSD prices, which pushes demand toward cheaper hard disk drives. HDD prices have hit record highs, China's surveillance camera demand is recovering, and HDD supply has been shrinking with Seagate ending some low-capacity products. Park adds that HDD and SSD are becoming complements to AI datacenter investment rather than just substitutes.
STX MED
Park Se-ik CEO, ex-Chief Strategist 53:26
Avoid leveraged Korea ETF KORU.
Park strongly argues that leveraged ETFs like the 3x Korea ETF KORU are not investments but casino instruments similar to roulette. He points out that KORU hit $36 when Korea's index was 2,600 in 2018 and was $36 when the index reached 3,300 in 2021, yet now trades at $24 and previously fell to $3, showing severe volatility decay and long-term loss. He wants regulators to ban 3x and single-stock 2x leveraged products.
KORU HIGH
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This Chesley Investment Advisory (체슬리투자자문) video, published September 10, 2026, features Park Se-ik discussing KRWJPY, Korean equities, STX, KORU. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Se-ik  · Tickers: KRWJPY, Korean equities, STX, KORU