Today's Stock Surge Is Just the Beginning: 'The Dignity of KRW 111 Trillion in Deposits' / Three Key Sectors to Hold in a Bull Market | Yuanta Securities Manager Park Hyun-sang

Summary

Park Hyun-sang, a manager at Yuanta Securities' Bucheon branch, discussed the Korean market's sharp rebound after a steep Monday decline and argued that the KOSPI bull market still has room. He highlighted KRW 111 trillion in customer deposits, favorable first-half seasonality, and sectors such as semiconductors, autos, brokerages, holding companies, and KOSDAQ 150 constituents. He also stressed keeping a cash buffer and not selling into sharp declines.

• KOSPI rebounded strongly after a sharp Monday decline, led by Samsung Electronics.
• Customer deposits reached KRW 111 trillion, supporting liquidity and post-Lunar New Year inflows.
• JPMorgan's higher KOSPI target and supercycle view underpin bullish first-half expectations.
• Semiconductors and autos remain core sectors; autos need tariff resolution to move higher.
• Brokerage stocks are favored on rising market activity, more ETFs, and longer trading hours.
• Holding companies may benefit from strong subsidiary earnings and governance-related rotation.
• KOSDAQ and KOSDAQ 150 constituents may see ETF-related flows.
• The speaker advised holding cash and avoiding panic selling during sharp declines.