The Only Company That Can Stand Against Tesla Is Hyundai; KB Securities Says It Will Go to 800,000 Won

테슬라 맞설 유일한 기업은 현대차뿐…KB증권 “80만원 간다”
Watch on YouTube ↗  |  January 21, 2026 at 08:25  |  1:05:55  |  Chesley Investment Advisory (체슬리투자자문)
Speakers
Park Se-ik — CEO, ex-Chief Strategist

Summary

Park Se-ik hosts a daily market commentary covering Hyundai Motor's humanoid-robot narrative, Samsung Electronics' semiconductor revival, Korean Air's defense and MRO turnaround, a Bitcoin selloff tied to Trump's Greenland pressure, Naver's sovereign AI controversy, and rising notebook prices. The main investment implications are a trading-oriented approach to Hyundai Motor, a constructive memory-cycle view on Samsung and SK hynix into earnings, a preference for unleveraged long Treasuries over 3x leveraged ETFs, and expectations that Korean governance reform and Trump's negotiation pattern can support Korean and US equities after noise-driven selloffs.

  • Park Se-ik reviews market news and answers investor questions in a daily Chelsy commentary.
  • KB Securities sees Hyundai Motor as the only company that can rival Tesla in physical AI and humanoid robots, with an 800,000 won target.
  • Park treats Hyundai Motor's humanoid-robot thesis as a story trade that should be traded around volatility, not held purely on near-term earnings.
  • The Samsung article argues that AI inference demand, DRAM price surges, and HBM4 progress support Samsung's semiconductor revival, with Samsung and SK hynix earnings approaching.
  • Park prefers unleveraged long-duration Treasury ETFs over 3x leveraged products such as TMF.
  • He expects Korean equity discount normalization from governance reform and continued corporate net buying.
  • He views Trump's Greenland and tariff threats as negotiation noise and expects a TACO-style market recovery.
  • Bitcoin, Naver's AI controversy, Korean Air's defense and MRO story, and rising notebook prices are discussed but not turned into clear speaker-owned trades.
Ideas
Park Se-ik CEO, ex-Chief Strategist 13:43
Hold TLT, avoid 3x leveraged bond ETFs.
Answering a question on 30-year Treasury ETFs, Park Se-ik says unleveraged long-duration Treasury ETFs can be held through drawdowns because yields will eventually fall and generate gains. He strongly warns against 3x leveraged long-bond ETFs such as TMF, noting that a roughly 33% decline can wipe out the product, and he advocates avoiding 3x leveraged ETFs generally.
TLT HIGH
Park Se-ik CEO, ex-Chief Strategist 13:43
Hold TLT, avoid 3x leveraged bond ETFs.
Answering a question on 30-year Treasury ETFs, Park Se-ik says unleveraged long-duration Treasury ETFs can be held through drawdowns because yields will eventually fall and generate gains. He strongly warns against 3x leveraged long-bond ETFs such as TMF, noting that a roughly 33% decline can wipe out the product, and he advocates avoiding 3x leveraged ETFs generally.
TMF HIGH
Park Se-ik CEO, ex-Chief Strategist 21:51
US market selloff likely recovers.
Discussing Trump's Greenland and tariff threats and the selloff in Bitcoin and US stocks, Park Se-ik says Trump's madman strategy is mainly a negotiation tactic and he expects another TACO outcome, where the market is knocked down by noise and then recovers. He does not see the selloff as a major crisis.
SPY MED
Park Se-ik CEO, ex-Chief Strategist 24:16
Korean market discount is normalizing.
Asked why other corporations are persistently net buying Korean equities, Park Se-ik argues the Korean market discount is normalizing as Commercial Act reform improves governance. He gives an example of a company with 100 billion won of assets trading at 40 billion won, or PBR 0.4, that should re-rate toward asset value, prompting major shareholders and corporations to buy shares before normalization. He expects other-corporate net buying to continue through this year and next until the discount closes, supporting Korean equities.
EWY MED
Park Se-ik CEO, ex-Chief Strategist 25:53
Hyundai is a humanoid story trade.
KB Securities argues Hyundai Motor is the only automaker that can challenge Tesla in physical AI because its mass manufacturing can combine with Boston Dynamics' humanoid robot technology; the report sets an 800,000 won target and values Boston Dynamics highly. Park Se-ik cautions that humanoid robot earnings effects are at least three years away, so the stock is a narrative-driven story trade: it can rise strongly for four to six months, but investors should trade it, buy on dips, and treat the long-term move as range-bound rather than an earnings-based holding.
005380.KS HIGH
Park Se-ik CEO, ex-Chief Strategist 39:51
Samsung's memory revival supports share price.
The article presented by Park Se-ik argues Samsung Electronics' semiconductor revival is driven by AI demand shifting from training to inference, which broadens memory demand beyond HBM to server DRAM, DDR5, and LPDDR; DRAM prices surged and the memory market shifted to a seller's market, improving Samsung's pricing power. Samsung is also positioned to gain HBM4 share through 1c DRAM and has foundry optionality from 2nm GAA, supporting potential annual operating profit of 100 trillion won. Park adds that Samsung and SK hynix report soon and Samsung's share price will likely stay firm into those earnings.
005930.KS HIGH
Park Se-ik CEO, ex-Chief Strategist 40:06
SK hynix holds into earnings.
Park Se-ik expects SK hynix's share price to hold firm into its upcoming earnings, which it reports on the same day as Samsung. The broader memory market has shifted to a seller's market with AI inference demand broadening, supporting the incumbent HBM leader, though he gives no longer-term target.
000660.KS MED
Up Next
1:54
Powell Is 'Politicizing the Fed,' Bessent Says
Bloomberg Markets · Jan 21
3:38
EU Teases 'Mother of All Trade Deals' with India
Bloomberg Markets · Jan 21
7:14
Davos: SARB Governor on South Africa Inflation Target, Growth Outlook, Federal Reserve
Bloomberg Markets · Jan 21
1:32:42
Uneasy Calm Grips Markets After Japan Bond Turmoil | Insight with Haslinda Amin 01/21/2026
Bloomberg Markets · Jan 21
24:06
삼성전자·SK하이닉스, ‘이 신호’ 뜨면 반드시 매도하세요 / 2월 코스닥 대 반격을 기대하는 이유 | 이권희 대표
815 Money Talk (815머니톡) · Jan 21

This Chesley Investment Advisory (체슬리투자자문) video, published January 21, 2026, features Park Se-ik discussing TLT, TMF, SPY, EWY, 005380.KS, 005930.KS, 000660.KS. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Se-ik  · Tickers: TLT, TMF, SPY, EWY, 005380.KS, 005930.KS, 000660.KS