Fearful Black Friday.. SK Hynix Plunges, Unstable Korean Stock Market 'Respond This Way From Now On' | Director Lee Young-hoon

Summary

Director Lee Young-hoon discusses the Korean stock market's sharp decline, focusing on the overconcentration in semiconductor stocks and the need for a correction. He advises reducing semiconductor exposure near-term while holding Hyundai Motor Group and gradually accumulating shipbuilding stocks. He also notes that KOSDAQ remains weak and requires a policy catalyst for recovery.

• KOSPI and KOSDAQ experienced a large drop on Black Friday.
• Semiconductor stocks (Samsung, SK Hynix) are seen as overextended.
• Lee expects a near-term correction in semiconductors.
• US market is starting to diversify; Korea is not.
• Lee remains positive on Hyundai Motor Group for the long term.
• He is gradually buying shipbuilding stocks (Hyundai Heavy Industries).
• KOSDAQ is abandoned and lacks a trigger for recovery.
• Investors are advised to focus on response rather than prediction.