The Bear Market Is Over, the Bull Market Has Arrived: What Is the 'New Leading Stock' to Follow Samsung Electronics and SK Hynix? How to Beat Volatility with a 4-4-2 Allocation | Jeon In-gu, Director
The bear market is over, the bull market has arrived... What is the 'new leading stock' to follow Samsung Electronics and SK Hynix? / How to beat volatility... Divide it 4-4-2 like this. | Jeon In-gu, Director
Ideas
Memory leaders rally further but volatile.
Jeon In-gu views Samsung Electronics and SK Hynix favorably but expects extreme volatility because memory demand and volumes are known while memory unit price direction is unpredictable. After KOSPI peaked near 9,300 and SK Hynix roughly halved, popular national stocks historically do not collapse all at once and tend to produce at least a second and third rally, so he sees the current rebound as a second upleg. However, near SK Hynix 2 million won strong selling may emerge unless earnings, guidance upgrades, or memory price increases appear, and he expects a stressful second half with money gradually rotating to other sectors.
US cloud, data center, software outperform.
The AI theme is not broken but rotating. Memory earnings look best in 2027 with 2028 guidance not clearly better, so investors are shifting money toward areas with visible high growth. He says US cloud, data center, optical, and software names are currently favored because big tech earnings and cloud growth remain strong, while software stocks bottomed and rebounded. Korea lacks pure large-cap cloud, data center, and global software names, so this rotation is expressed through US sectors.
Korean beauty is cheap high-growth leader.
Korean beauty can become the new leading striker after Samsung Electronics and SK Hynix. At a June beauty seminar he found a consensus that European sales were surging, Korean brands were increasingly entering Amazon's top 100, and the mix was shifting from cheap color cosmetics toward higher-value skincare. Europe opening as a continent means the trend likely persists for years. Many beauty companies double net profit every three years yet trade at two-year-forward PERs of 5-10x, offering cheap high growth with no AI linkage. APR is his preferred leader because of its brand portfolio, larger US top-100 presence, and better US response, balancing growth and stability for long-term holding of at least three years.
SK Telecom leads Korean data-center buildout.
Korea's 18.5GW data center mega project is led by SK Telecom for about 15GW, and SK Telecom's CEO met Jensen Huang with SK Chairman Chey Tae-won. He argues that canceled US data center projects threatened GPU/HBM demand, so Korean builds offset that demand. Sovereign AI data centers are becoming national strategic assets, and if non-US builds accelerate, GPU/HBM prices, memory stocks, and KOSPI can rise again. SK Telecom is the clear frontrunner with an Anthropic stake and has already rallied, while other Korean telecoms have not yet detailed funding and operation plans but may catch up once they announce them.
Oil stays elevated above $80.
Jeon In-gu expects high oil prices to persist around or above $80 for a while because the Iran-US and Hormuz Strait situation is difficult to resolve before the November US midterms, and Iran may benefit from keeping pressure on Trump. He cautions that oil forecasting is unreliable, but the current geopolitical setup points to sustained high oil prices rather than a quick resolution.
Renewables and batteries rally on policy, power.
High oil, power shortages from AI data centers, and likely Democratic gains in US midterms support renewables. If Democrats gain power, IRA subsidies for ESS, secondary batteries, EVs, solar, and wind may revive, benefiting Korean battery and renewable companies. High oil makes gas and coal generation more costly while solar and wind have no fuel cost, so their margins improve and more renewable plants are likely to be built amid AI-driven electricity shortages.
This 815 Money Talk (815머니톡) video, published August 15, 2026,
features Jeon In-gu
discussing 000660.KS, 005930.KS, SKYY, US Data Centers, US Software, 278470.KS, Korean beauty, 017670.KS, KWEB, WTI, Korean renewable energy, Korean secondary battery/ESS.
6 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Jeon In-gu
· Tickers:
000660.KS,
005930.KS,
SKYY,
US Data Centers,
US Software,
278470.KS,
Korean beauty,
017670.KS,
KWEB,
WTI,
Korean renewable energy,
Korean secondary battery/ESS
