KOSPI has formed a short-term bottom. Now is not the time to sell but to buy. Don't be scared by the stock plunge (bear market) Lee Dong-geun, CEO

Summary

In an emergency market interview, Lee Dong-geun of First Prime Research argues that KOSPI has formed a short-term bottom after a sharp two-day selloff and that the drop is a buying correction rather than a selling correction. He explains heavy foreign selling as risk-off targeting and profit-taking in big gainers, while pointing to rotation into US healthcare, consumer, cyclicals, and select Korean industrials. He also highlights Korean semiconductor equipment, telecom equipment, and space/defense themes, while advising patience on Hyundai Motor. Host Park Geun-hyung adds a beaten-down telecom equipment watch idea, and the guest expects a range-bound KOSPI into the Lunar New Year holiday.

• KOSPI broke below 4,900; the guest calls it a short-term bottom and a buying correction.
• Foreign selling was concentrated in Samsung Electronics, SK hynix, and Hyundai Motor after large gains.
• Global funds are rotating from tech into US healthcare, consumer, and cyclicals.
• Foreign buying in Korea has included Doosan Enerbility and Hyundai Rotem.
• Korean semiconductor equipment and materials attracted bottom-fishing flows.
• Telecom equipment rose on a positive Solid report and space/defense catalysts.
• Hyundai Motor may need more time; new buyers should wait and split purchases.
• The host sees beaten-down telecom equipment as a potential momentum play, and the guest expects a KOSPI box range into the holiday.