Next Scenario Toward KOSPI 10,000…Include Shipbuilding·Defense·Nuclear and Secondary Batteries Too | Lee Kwon-hee, CEO of Wizwave [Global Interview]

Summary

Lee Kwon-hee, CEO of Wizwave, expects KOSPI to head toward 10,000 driven by memory semiconductor re-rating and broadening market participation. He advocates rotating into beaten-down cyclical sectors and sees oil prices falling due to Chinese demand dynamics, which could pave the way for Fed rate cuts.

• Memory stocks (Samsung Electronics, SK Hynix, Micron) are undervalued and deserve a 10x P/E multiple, igniting strong upside.
• KOSPI can reach 10,000 as the rally broadens from semiconductors to other sectors, making the move healthier.
• Institutions are likely to rotate into shipbuilding, defense, nuclear, secondary batteries, and power equipment after steep corrections to chase alpha.
• Oil prices are expected to decline quickly, potentially to $60s WTI, because China halts buying when oil is expensive and sells from massive strategic reserves.
• Falling oil would reduce inflation fears and open the possibility for the Fed to signal rate cuts later this year.
• Foreign inflows into Korean stocks are improving through ETFs, integrated accounts, and new structured products, supporting the KOSPI rally.
• The Philadelphia semiconductor index’s continued strength acts as a leading driver for Korean tech and overall market sentiment.