Market Where Investors Shed Tears... The Reason Not to Sell Anyway | Lee Kwon-hee, Wizwave CEO [Global Interview]

Summary

Wizwave CEO Lee Kwon-hee addresses the current market turmoil triggered by renewed Iran-US tensions and CPI data, arguing that the sell-off is fear-driven and temporary. He strongly advises investors not to sell Samsung Electronics and SK Hynix, as their fundamentals are intact and earnings remain on track to improve dramatically. He highlights specific buy zones — Samsung below 300,000 won, SK Hynix below 200,000 won — and urges patience until the FOMC passes and the earnings season refocuses the market on real numbers.

• Iran-US tensions and CPI data triggered a risk-off move, but the CPI reading was actually benign and the sell-off is emotionally driven.
• The speaker believes the war escalation may be a final spike before a ceasefire, similar to historical patterns, though timing is uncertain.
• Samsung Electronics and SK Hynix continue to show strong profit growth; Samsung's P/E has fallen to around 5x, making valuations attractive.
• The market will shift its focus to earnings once the FOMC meeting concludes around mid-June; the next catalyst is Micron's earnings and Samsung's preliminary results.
• A technical worst-case KOSPI downside is around 7,100-6,950, but the index is expected to recover and stay in a long-term uptrend.
• Investors who recently bought at elevated prices should not panic-sell; those with cash can accumulate gradually during this choppy period.
• Emotional trading is high; the speaker acknowledges investor frustration and urges a calm, one-week patience horizon as major event risks clear.
• Other Korean large-cap names like Naver, LG Group, and Doosan Group still have long-term potential, though the thesis is less detailed.