KOSPI Surpasses 5,000 for the First Time! Trump Withdraws Tariffs on 8 EU Countries... Will Not Use Military Force in Greenland | Park Byung-chang, Director at Kyobo Securities

코스피 사상 첫 5,000P 돌파! 트럼프, EU 8개국 관세 부과 철회…그린란드에 군사력 사용하지 않을 것 | 박병창 교보증권 이사 [마켓 인사이드]

Watch on YouTube ↗ | January 21, 2026 at 23:44 | 32:23 | 3PRO TV (삼프로TV)

Speakers

Park Byeong-chang — Director, MP Partners

Summary

Park Byung-chang, Director at Kyobo Securities, reviews a rebound in U.S. markets after Trump withdrew tariffs on eight EU countries and ruled out military force in Greenland, though the rebound failed to fully fill the gap. He highlights gold's strong uptrend, memory and CPU supply shortages in semiconductors, and a resilient KOSPI above 5,000 while KOSDAQ remains weak. He also discusses Korean autos, robot batteries, Samsung foundry order potential, EU 5G equipment restrictions, housing supply policy, and BofA's AI-bubble hedge rotation.

U.S. equities rebounded on Trump's tariff withdrawal and Greenland de-escalation, but the gap remained unfilled.
Gold continues to rise on liquidity, currency debasement and geopolitical risk, nearing $4,840.
Memory and CPU shortages drive semiconductor leadership, with SanDisk, Micron, Intel, ARM and AMD surging.
KOSPI is strong above 5,000 with Samsung/SK hynix catch-up expected; KOSDAQ stays weak.
Korean autos rally on Hyundai target upgrades and Boston Dynamics IPO/order backlog.
Samsung SDI and LG Energy Solution are tied to robot batteries; Samsung may get foundry orders from TSMC constraints.
EU 5G Chinese equipment ban and physical-AI infrastructure support telecom equipment names like RFHIC.
BofA suggests AI-bubble hedges in clean energy, power grid, infrastructure, critical metals and defense.

Ideas

Park Byeong-chang Director, MP Partners 2:42

Gold supported by liquidity and safe-haven demand

Gold keeps rising because abundant liquidity and currency debasement are lifting asset values while persistent geopolitical risk adds safe-haven demand; the speaker sees both drivers active and little downside news for gold.

Park Byeong-chang Director, MP Partners 3:48

Memory outperforms data-center AI hardware

Wall Street still favors memory within AI hardware: data-center and AI names were weak while memory prices and demand stayed strong, and U.S. memory names such as SanDisk, Micron Technology and Western Digital surged sharply.

Park Byeong-chang Director, MP Partners 4:40

CPU shortage lifts Intel, ARM, AMD

A CPU shortage is developing for 2026; Intel server CPUs are sold out and Intel has its own fab capacity, while ARM and AMD are also beneficiaries of tight CPU supply and rising CPU prices.

Park Byeong-chang Director, MP Partners 5:28

Korean memory laggards due for catch-up

Samsung Electronics and SK hynix have lagged the U.S. memory rally largely because of FX headwinds, but the market assumes they will rise further; if they do, they should support and lift KOSPI.

Park Byeong-chang Director, MP Partners 7:04

Hyundai Motor Group leads auto rally

Hyundai Motor Group is the strongest Korean auto complex; Hyundai Motor target-price upgrades and Boston Dynamics' large 2027 order backlog and IPO preparation are driving Hyundai, Kia and related auto parts shares higher.

Park Byeong-chang Director, MP Partners 8:35

KOSPI uptrend remains intact above 5,000

KOSPI is in a strong self-driven uptrend, supported by Samsung/SK hynix catch-up expectations, stock-specific leadership and no foreign high-point distribution pattern yet; short-term overheat may cause pauses but the market is biased upward above 5,000.

Park Byeong-chang Director, MP Partners 12:31

KOSDAQ remains weak and unattractive

KOSDAQ is structurally weak because governance reform benefits large-cap KOSPI, professional traders have moved to U.S. markets, and foreign investors keep short-selling KOSDAQ; government measures are too declarative, and the Alteogen shock worsened sentiment.

Park Byeong-chang Director, MP Partners 25:26

Housing supply policy may lift construction

President Lee's push for a realistic housing supply expansion plan suggests concrete supply measures are coming, which could move the Korean construction and real estate sector.

Park Byeong-chang Director, MP Partners 26:32

EU 5G ban aids telecom equipment, RFHIC

The EU's mandatory three-year phase-out of Chinese 5G equipment and the physical-AI need for communications infrastructure could benefit telecom equipment names; RFHIC, a former 5G leader, has rebounded sharply and the speaker still holds it despite being underwater.

Park Byeong-chang Director, MP Partners 28:43

Robot batteries are attractive future market

Samsung SDI and LG Energy Solution are focusing on NCM batteries for humanoid and industrial robots; although batteries are under 2% of robot cost, maintenance and high-speed use make this an attractive future market.

Park Byeong-chang Director, MP Partners 30:39

AI bubble hedge: clean energy, defense, metals

BofA recommends that investors worried about an AI bubble rotate away from tech into clean energy, power grid, infrastructure, critical metals and defense.

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This 3PRO TV (삼프로TV) video, published January 21, 2026, features Park Byeong-chang discussing GLD, SMH, SNDK, MU, WDC, INTC, ARM, AMD, 005930.KS, 000660.KS, 005380.KS, 000270.KS, EWY, KOSDAQ, Korean construction/real estate sector, 218410.KQ, FIVG, 006400.KS, 373220.KS, ICLN, GRID, PAVE, Critical Metals, ITA. 11 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Byeong-chang · Tickers: GLD, SMH, SNDK, MU, WDC, INTC, ARM, AMD, 005930.KS, 000660.KS, 005380.KS, 000270.KS, EWY, KOSDAQ, Korean construction/real estate sector, 218410.KQ, FIVG, 006400.KS, 373220.KS, ICLN, GRID, PAVE, Critical Metals, ITA