"This is the bottom, 9,000 points again".. 'Big Reversal' after warning of a crash | Chesley Investment Advisory Executive Director Park Se-ik

This is the bottom, 9,000 points again".. 'Big Reversal' after warning of a crash | Chesley Investment Advisory Executive Director Park Se-ik [Womae Shinbak / 26.07.28.Tue]
Watch on YouTube ↗  |  July 28, 2026 at 07:14  |  1:16:04  |  Chesley Investment Advisory (체슬리투자자문)
Speakers
Park Se-ik — CEO, ex-Chief Strategist

Summary

Park Se-ik analyzes the recent severe market correction, comparing it to the 1987 Black Monday crash driven by algorithmic trading and margin calls, and concludes that the Korean market is now extremely undervalued. He also discusses NVIDIA's strategic investments in AI infrastructure and dismisses fears of Chinese memory makers catching up to Korean semiconductor leaders.

  • The recent market crash was exacerbated by margin calls and algorithmic trading, creating a buying opportunity.
  • KOSPI valuations are extremely cheap, pricing in worst-case scenarios like a 30% EPS drop.
  • NVIDIA's investments in partners like NAVER and OpenAI create a virtuous cycle for its high-margin GPU sales.
  • Fears of OpenAI's financial risks dragging down NVIDIA are overblown noise.
  • Chinese memory makers like CXMT remain years behind Samsung and SK hynix in HBM and advanced nodes.
  • Samsung Electronics is widening its technological lead with its 2nm turnkey process for HBM4E.
Ideas
Park Se-ik CEO, ex-Chief Strategist 42:45
NVIDIA's strategic investments secure high-margin GPU sales.
NVIDIA is building a highly profitable ecosystem by investing in companies like NAVER and guaranteeing loans for OpenAI's data centers, which ensures these partners use their capital to buy NVIDIA's high-margin GPUs. The market's fear that OpenAI's potential financial risks could drag down NVIDIA is just noise, as the ROI on AI data centers remains very high, making any dip in NVIDIA's stock a buying opportunity.
NVDA HIGH
Park Se-ik CEO, ex-Chief Strategist 64:48
Chinese memory makers cannot catch up soon.
The market's fear that Chinese memory makers like ChangXin Memory (CXMT) will quickly threaten Korean semiconductor leaders is overblown. Chinese firms lack the advanced EUV equipment needed for 2nm to 4nm processes, and there is an estimated 5-year technology gap in HBM. Samsung's development of HBM4E using its 2nm turnkey process further solidifies its technological lead, meaning the recent stock drops for Korean memory makers are unjustified.
000660.KS 005930.KS HIGH
Park Se-ik CEO, ex-Chief Strategist 70:13
The KOSPI is extremely undervalued and rebounding.
The recent severe market correction in the Korean stock market, exacerbated by algorithmic trading and margin calls similar to the 1987 Black Monday crash, has pushed valuations to extremely cheap levels. Even if corporate EPS were to drop by 30%, the KOSPI is still deeply undervalued at a P/E of 5 to 6 times. The bad news is already priced in, and the market is poised for a rapid rebound.
EWY HIGH
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This Chesley Investment Advisory (체슬리투자자문) video, published July 28, 2026, features Park Se-ik discussing NVDA, 000660.KS, 005930.KS, EWY. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Se-ik  · Tickers: NVDA, 000660.KS, 005930.KS, EWY