First Two Trading Days of New Year: Index +5.7%, Samsung Electronics +14.6% | Park Byung-chang

새해 첫 2거래일 → 지수 +5.7%, 삼성전자 +14.6% | 박병창 이사 [마켓 인사이드]
Watch on YouTube ↗  |  January 05, 2026 at 23:41  |  33:55  |  3PRO TV (삼프로TV)
Speakers
Park Byeong-chang — Director, MP Partners

Summary

Park Byung-chang, Director at Kyobo Securities, reviews the strong start to the new year, with KOSPI up 5.7% in two trading days and Samsung Electronics up 14.6%. He highlights rotation into semiconductor equipment, US communication platforms, AI ASIC/custom chips, and broad foreign inflows into Korean large caps. He also covers Korean themes including nuclear/SMR, solid-state batteries, Hyundai Motor, aerospace/space, defense, and value-up financials/holdings. He flags risks from geopolitics, weak US ISM, AI-driven inflation, and a possible short-term correction after gap-ups.

  • KOSPI gained 5.7% in the first two trading days; Samsung Electronics rose 14.6% and SK hynix rose 2.8%.
  • US market rotation favored semiconductor equipment, communication platforms, and Venezuela-linked refiners, banks, and defense stocks.
  • Foreign buying in Korea broadened to top large caps and ETFs, with ample liquidity and weak selling supporting the market.
  • AI hardware news pointed to GPU shortages, faster AI ASIC growth, and memory-price inflation benefiting Samsung.
  • Korean policy and catalyst themes included SMR/power-semiconductor tax support, solid-state batteries, aerospace R&D, and defense earnings growth.
  • Risks cited were geopolitical tensions, weak US manufacturing PMI, AI-driven inflation, and exhaustion gaps after the sharp rally.
Ideas
Park Byeong-chang Director, MP Partners 2:24
AI and replacement demand lift chip equipment
AI chip and data-center infrastructure growth, combined with aging semiconductor equipment replacement demand, is driving orders for equipment makers. Even as chip stocks paused, ASML, Applied Materials, and Lam Research surged 5%+ and lifted the Philadelphia Semiconductor Index.
ASML AMAT LRCX HIGH
Park Byeong-chang Director, MP Partners 3:17
AI monetization favors mega-cap communication platforms
As AI commercialization begins in 2026 and can be linked to profits, large communication-services/platform companies are becoming a key area of interest. While chips corrected, Amazon, Meta, and Alphabet rose and supported the index through sector rotation.
AMZN META GOOGL MED
Park Byeong-chang Director, MP Partners 7:37
Samsung under-reflected versus SK hynix
SK hynix's HBM-driven strength was already well known and priced in, while Samsung's earnings improvement was doubted and under-reflected. Memory chip shortage, Galaxy S26 price hikes, and doubled Gemini-AI mobile device production support a catch-up re-rating; foreign net buying has been small but selling is weak, allowing passive inflows to lift the stock.
005930.KS HIGH
Park Byeong-chang Director, MP Partners 8:38
Foreign inflows broaden across Korean large caps
Foreign net buying of 2.3 trillion won broadened beyond Samsung and SK hynix into top 1-12 market-cap stocks, and index/sector ETFs attracted inflows. Ample liquidity, weak selling, and returning foreign capital support Korean large caps.
KOSPI large-cap stocks HIGH
Park Byeong-chang Director, MP Partners 13:39
KOSPI may correct after exhaustion gaps
The KOSPI and several stocks gapped up sharply. In technical analysis, first and second gaps can be exhaustion gaps, so a short-term correction is possible after the two-day surge.
EWY MED
Park Byeong-chang Director, MP Partners 20:54
AI ASIC growth outpaces GPU
TrendForce projects AI ASIC growth of 44.6% in 2026 versus GPU growth of 16.1% because GPU supply shortage peaks and TSMC capacity is below 50% of demand. AWS and Capital One are seeking alternatives/private clouds, implying hyperscalers will increase ASIC/custom silicon share.
AI-SECTOR HIGH
Park Byeong-chang Director, MP Partners 25:57
Tax support boosts SMR and power semis
Korea is considering designating SMR and SiC power semiconductors as national strategic technologies with financial and tax support, adding growth momentum. Nuclear names led by Doosan Enerbility already surged, and Doosan saw 280 billion won of foreign net buying.
034020.KS Korean SMR/power semiconductor stocks MED
Park Byeong-chang Director, MP Partners 28:15
Hyundai solid-state battery progress is catalyst
Hyundai's pilot line produced vehicle-capable solid-state batteries, and a prototype EV with solid-state batteries may appear early this year. Related Korean solid-state battery stocks surged on the news.
Korean solid-state battery stocks MED
Park Byeong-chang Director, MP Partners 29:56
Value-up holdings and financials lead next rotation
Holding companies and financial stocks tied to Korea discount resolution/value-up have lagged while semiconductors led. If semiconductors take a breather, supply should rotate into these value-up beneficiaries and lift them.
Korean holding companies and financial stocks MED
Park Byeong-chang Director, MP Partners 30:25
Hyundai Motor benefits from rotation and catalysts
Hyundai Motor has robot/Atlas and solid-state battery catalysts and has lagged during the semiconductor-led rally. When semiconductor leadership pauses, Hyundai is a prime rotation candidate and should move higher.
005380.KS MED
Park Byeong-chang Director, MP Partners 31:27
Space R&D supports Korean aerospace stocks
Korea Aerospace Administration plans about 1 trillion won of space R&D investment and is benchmarking Tesla's model amid global space investment and SpaceX listing rumors. Related Korean aerospace/space stocks surged.
Korean aerospace and space stocks MED
Park Byeong-chang Director, MP Partners 32:07
Defense earnings growth supports Korean defense stocks
Combined operating profit of four major Korean defense companies exceeded 5 trillion won last year, roughly doubled from 2024, and is expected to rise about 20% to 6.6 trillion won in 2026. The stocks had fallen most among large-cap groups and are rebounding on the earnings news.
272210.KS 064350.KS 079550.KS 047810.KS MED
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This 3PRO TV (삼프로TV) video, published January 05, 2026, features Park Byeong-chang discussing ASML, AMAT, LRCX, AMZN, META, GOOGL, 005930.KS, KOSPI large-cap stocks, EWY, AI-SECTOR, 034020.KS, Korean SMR/power semiconductor stocks, Korean solid-state battery stocks, Korean holding companies and financial stocks, 005380.KS, Korean aerospace and space stocks, 272210.KS, 064350.KS, 079550.KS, 047810.KS. 12 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Byeong-chang  · Tickers: ASML, AMAT, LRCX, AMZN, META, GOOGL, 005930.KS, KOSPI large-cap stocks, EWY, AI-SECTOR, 034020.KS, Korean SMR/power semiconductor stocks, Korean solid-state battery stocks, Korean holding companies and financial stocks, 005380.KS, Korean aerospace and space stocks, 272210.KS, 064350.KS, 079550.KS, 047810.KS