Ideas
KOSDAQ index should keep rallying; buy index.
KOSDAQ is likely to continue rallying because institutional inflows have surged to KRW 6.5tn in four days versus last year's net selling, retail deposits have doubled to KRW 97tn, and government policy is encouraging KOSDAQ investment and leverage products. He prefers the KOSDAQ index over individual stock picking because rotation is fast and valuation is not driven by near-term earnings, with possible targets around 1,300-1,500.
Favor emerging markets and small caps.
Goldman Sachs' five-year-high risk appetite report favors small caps over large caps and emerging markets over developed markets. The speaker agrees cash and gold/silver flows can rotate into equities and Asia ex-Japan emerging markets, including Korea.
AI optical communications is next HBM theme.
AI data centers are shifting from copper to optical cable and silicon photonics/CPO to reduce power, heat, and data-transmission bottlenecks. Meta's multi-year $6bn optical cable deal with Corning signals this theme is accelerating, and Korean suppliers should emerge as the next HBM-like value chain.
Daehan Optical Telecom rides AI cable demand.
Daehan Optical Telecom is the named Korean optical cable play benefiting from rising AI data center cable demand and an earnings turnaround, with expectations for stronger results this year.
Samsung Electronics benefits from memory supply shortage.
SK Securities raised its Samsung Electronics target price to KRW 260,000, the highest, ahead of earnings, arguing memory is no longer a commodity as AI, HBM, customization, and long-term contracts improve pricing and demand visibility.
SK hynix gains from HBM memory shortage.
SK Securities raised its SK hynix target price to KRW 1,500,000, the highest, citing HBM demand, memory supply shortage through 2027, and the shift away from commodity memory toward customized, pre-sold AI memory.
Micron leads NAND growth for AI memory.
Micron's $24bn Singapore NAND investment signals confidence in NAND growth and leadership as AI memory systems increasingly need NAND-based storage. NAND pricing and demand should improve, with Micron taking initiative.
Hyundai Motor may consolidate before rallying again.
Hyundai Motor's valuation has re-rated through robotics/Boston Dynamics, so it should not break down. However, because it has already doubled and liquidity is rotating to KOSDAQ and batteries, it may consolidate before another rally, creating opportunity cost for holders.
Tactical battery bounce; sell into strength.
Robot optimism rotated into secondary batteries after LG Energy Solution was linked to Atlas/Optimus batteries. EcoPro and EcoPro BM have rebounded on short covering and KOSDAQ 150 inclusion, but robot battery demand is distant and small, so upside is likely capped at 10-40% and investors should sell into strength rather than expect previous highs.
SKC has 20-30% upside remaining.
SKC remains a favorable holding that should not break down and has roughly 20-30% upside left as the KOSPI rally continues toward 5,500.
KOSPI can reach 5,500 on chip leaders.
If Samsung Electronics reaches KRW 200,000 and SK hynix reaches KRW 1,000,000, the KOSPI can reach 5,500-5,600. He sees this level as a reasonable target and expects the index to remain supported.
Rainbow Robotics is momentum play despite valuation.
Nvidia's investment in a Korean robotics company and Samsung's backing keep the Korean robot theme strong. Rainbow Robotics is a momentum play to move on quickly despite a valuation that cannot be justified by earnings.
Market rises into semiconductor earnings event.
Pyeon expects the Korean market to rise similarly to today around the SK hynix and Samsung earnings event, with KOSPI around 5,150, so he is positive on near-term market direction.
This 3PRO TV (삼프로TV) video, published January 28, 2026,
features Jang Woo-jin, Pyeon Da-song
discussing KOSDAQ Index, AAXJ, IWM, AI optical communications, 010170.KQ, 005930.KS, 000660.KS, MU, 005380.KS, 086520.KQ, 247540.KQ, 011790.KS, EWY, 277810.KQ.
13 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Jang Woo-jin,
Pyeon Da-song
· Tickers:
KOSDAQ Index,
AAXJ,
IWM,
AI optical communications,
010170.KQ,
005930.KS,
000660.KS,
MU,
005380.KS,
086520.KQ,
247540.KQ,
011790.KS,
EWY,
277810.KQ
