As Samsung Electronics and SK Hynix Greatly Increase Investment, Semiconductor Materials, Parts, and Equipment Improve

Summary

Park Se-ik opens September by arguing Korean equities should see a limited seasonal correction because they already absorbed March and July shocks. He highlights battery and biotech as rate-sensitive rebound candidates, Samsung Electro-Mechanics as a component pricing-power beneficiary, and semiconductor materials/parts/equipment suppliers as winners from Samsung Electronics and SK hynix investment. He also flags longer-term Big Tech earnings-quality risk from AI investment mark-to-market gains.

• Park Se-ik sees September corrections as likely limited because Korean equities already absorbed March and July shocks.
• He views September-October as the final tough stretch before a stronger market into mid-2026 and 2027.
• SK On's US ESS order is framed as early evidence that US restrictions on Chinese batteries are shifting demand to Korean battery makers.
• Samsung Electro-Mechanics is highlighted for MLCC and FCBGA supply tightness and supplier pricing power.
• Large US tech firms' unrealized AI investment gains are flagged as a longer-term earnings quality risk.
• Global semiconductor equipment makers hiring in Korea support a positive outlook for semiconductor materials, parts, and equipment suppliers.
• Rate-sensitive upside is noted for biotech and battery names if Treasury yields fall.