Special Live Stock Consultation & Investment Strategy / After Trump's End of War, Will the Bull Market Continue? | CEO Lee Kwon-hee
[Special Live] Stock Consultation & Investment Strategy / After Trump's End of War, Will the Bull Market Continue? | CEO Lee Gwon-hee
Speakers
Lee Kwon-hee
— CEO, Economist
Summary
CEO Lee Kwon-hee reviews the post-Trump ceasefire market landscape, arguing that extreme volatility is subsiding and the KOSPI bull run will continue toward 9,000, led by semiconductor and secondary battery sectors. In a live Q&A, he provides detailed directional views on multiple Korean stocks—bullish on memory leaders, shipbuilders, Hyundai Steel, defense, and HPSP; cautious on substrate/packaging names and Space X; and advises patience on department stores and oversold biotech.
- KOSPI unlikely to break 8,000 and should grind higher after Q2 earnings; volatility is normalizing.
- Philadelphia Semiconductor Index leads the rebound with near-perfect directional correlation to KOSPI.
- Samsung Electronics and SK hynix are core AI longs; both have strong earnings momentum and high analyst targets.
- Secondary battery stocks (POSCO Holdings, Samsung SDI) have bottomed and offer attractive entry for a 20-30% bounce.
- Shipbuilding, especially Hanwha Ocean, benefits from KDDX win and a sector-wide margin expansion toward 20%+.
- Hyundai Steel is a cheap Saemangeum proxy; defense names fell on a one-off Hanwha explosion but will recover.
- Lee warns against chasing Samsung Electro-Mechanics and substrate stocks due to Ibiden-NVIDIA competitive pressure.
- Space X should only be watched for at least three months; other space stocks are overvalued and should be sold.
- KODEX AI Power Equipment ETF and HPSP are favored rebound/continuation plays within power equipment and semicon capex.
Ideas
Semiconductor index rebound continues
The Philadelphia Semiconductor Index is rebounding nicely after sharp volatility, moving toward its previous high, and its directional correlation with KOSPI is near 100%. The US market held above the 50-day moving average, and the semiconductor uptrend remains intact despite distractions such as the Space X listing.
KOSPI bull trend to 9,000 gradually
The KOSPI bull market will continue with extreme volatility subsiding. War-ending news is already priced in, but a calm signature could still give a 2-3% bump. The index is now in a normalizing phase; strong support at 8,000 should hold, and a gradual climb toward 9,000 is expected after Q2 earnings, but not a straight surge. On any dips next week, investors should accumulate high-quality large-caps.
Buy department stores on correction
Department store stocks (Hyundai Department Store, Shinsegae, Lotte Shopping) have rallied strongly on surging foreign tourist spending, but valuations are now demanding at 13-17x PER, and chasing here is risky. However, the underlying trend of inbound tourism and luxury spending remains strong. A correction would create a good buying opportunity; wait for a pullback before adding.
Avoid Samsung Electro-Mechanics near term
Samsung Electro-Mechanics faces near-term headwinds after NVIDIA announced it is funding Ibiden's large FCBGA capacity expansion, which threatens Samsung Electro-Mechanics' competitive position. Although FCBGA shortages remain structural, the stock is likely to enter a consolidation phase and will struggle to break above 200,000 won for now. A range-trading approach between 170,000–200,000 is advisable.
Substrate sector short-term weakness, wait
Korean substrate/packaging stocks (LG Innotek, Daeduck Electronics, ISU Petasys) were sold off together after the Ibiden-NVIDIA news hit Samsung Electro-Mechanics, even though the fundamental FCBGA shortage remains. Institutions reduced positions in the entire basket, and the sector needs a cooling-off period. The correction could last a few weeks, offering a better entry later.
Watch Space X, avoid chasing now
Space X will likely trade around 150 dollars with high volatility, far below the 200-dollar hype. It is not yet a good time to buy; investors should watch for at least three months. The company is still losing money, and any launch failure could trigger violent swings. After this observation period, a better entry may emerge.
Sell overvalued space stocks vs Space X
Other US space stocks like Rocket Lab are grossly overvalued relative to the newly listed Space X. With Space X setting the valuation benchmark at 50x PSR, Rocket Lab and peers at 80-90x PSR will be sold down as money rotates to the cheaper leader. This relative value trade suggests selling overhyped space names.
Battery stocks bottomed, buy now
Korean secondary battery stocks have corrected excessively and are now bottoming, offering a 20-30% upside. POSCO Holdings just formed a bottom yesterday, and Samsung SDI should be watched closely. The sector is more attractive than power equipment at current levels, as battery demand story (EVs, data center ESS) remains intact and oil price fall does not hurt the thesis much.
Long Hanwha Ocean on shipbuilding recovery
Korean shipbuilders, led by Hanwha Ocean, are attractive long-term holdings. Hanwha Ocean just won the KDDX destroyer contract, has a unique submarine construction capability, and the sector is moving to 20%+ operating margins next year. Short-term noise from the Hanwha Space explosion will fade. Stock buyback activity creates a floor, and any dips near the buyback level should be bought. VLCC and FLNG orders also support the group.
Hold Hyundai Motor for gradual upside
Hyundai Motor is range-bound but supported around 640,000 won, with upside to 700,000–720,000 won. The stock is being revalued on earnings quality, not growth hype. Patience is needed; a boring consolidation phase is likely, but the long-term picture includes Saemangeum development and deeper NVIDIA collaboration, which will drive the stock eventually.
Cheap Hyundai Steel benefits from Saemangeum
Hyundai Steel is deeply undervalued (PBR 0.25x) and set to benefit directly from the Saemangeum mega-development where Hyundai Motor and NVIDIA are building facilities. The Dangjin steel mill is the closest supplier to the site. Although it's not a leading sector, the catalyst remains alive, and there is no fundamental reason to sell. Downside is limited, and a rebound attempt is due when construction begins.
Overvalued solar mix, avoid Jusung Engineering
Jusung Engineering appears cheap only if judged as a pure semiconductor equipment play; in reality one-third of its revenue comes from solar equipment, and the recent rally was driven by Tesla's solar factory orders, not semicon. The stock is expensive at 108x PER and has already run ahead of peers. It's not a clean semiconductor long and should be avoided until a clearer semicon catalyst emerges.
ABL Bio oversold bounce to 120k
ABL Bio dropped sharply after disappointing biliary tract cancer data, but the sell-off is overdone. The core value from the GSK deal (over 4 trillion won) still exists, and foreign investors are accumulating. The stock can quickly rebound to 120,000 won and eventually revisit 160,000 once new catalysts emerge around autumn conference season. Hold or accumulate on weakness.
Trim ISC near resistance, overbought
ISC is a beneficiary of semiconductor expansion as a socket supplier, but the stock has run too far, too fast, reaching a 46x PER and running into heavy historical resistance near 245,000–260,000 won. Without a strong guidance upgrade that lowers forward multiples, the stock is likely to be capped. Short-term traders should reduce positions into strength around 250,000 and wait for a deeper pullback to re-enter.
AI power ETF oversold, will recover
The KODEX AI Power Core Equipment ETF has fallen from 60,000 to 43,400 won, but nothing has fundamentally changed: data center power demand is still essential and the companies are doing well. The decline is purely mean-reversion after an overbought squeeze. The ETF will go back up; investors can hold without worry and wait for recovery.
Buy defense dip on temporary accident
The defense sector (Hanwha Aerospace, Hyundai Rotem, etc.) was hit by a sector-wide ETF sell-off triggered by the Hanwha Space factory explosion, even though the underlying order books and government spending remain strong. This is a temporary, non-fundamental shock. The sector will recover once the accident investigation concludes. War-ending news does not dent the long-term demand for Korean defense exports.
HPSP momentum strong in equip cycle
HPSP is a semiconductor equipment stock that Lee Kwon-hee has been persistently recommending. It just hit the upper limit, confirming momentum. The semicon equipment cycle remains strong with shortage-talk, price increases, and capacity expansion stories supporting the group. HPSP benefits directly from this capex cycle.
Buy Samsung and SK hynix for AI
Both Samsung Electronics and SK hynix are strong buys driven by AI memory demand and robust earnings. SK hynix can reach 240,000 and eventually 300,000 won; analyst targets are already at 300,000+. Investors should not worry about timing and hold for the uptrend. Switching between the two names will cause missing both rises.
Up Next
This 815 Money Talk (815머니톡) video, published June 13, 2026, features Lee Kwon-hee discussing SOXX, EWY, 069960.KS, 004170.KS, 009150.KS, 011070.KS, 007660.KS, SPCX, RKLB, 005490.KS, 006400.KS, 042670.KS, 005380.KS, 004020.KS, 036930.KQ, 298380.KQ, 095340.KQ, 483270.KS, 012450.KS, 403870.KQ, 005930.KS, 000660.KS. 18 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Lee Kwon-hee · Tickers: SOXX, EWY, 069960.KS, 004170.KS, 009150.KS, 011070.KS, 007660.KS, SPCX, RKLB, 005490.KS, 006400.KS, 042670.KS, 005380.KS, 004020.KS, 036930.KQ, 298380.KQ, 095340.KQ, 483270.KS, 012450.KS, 403870.KQ, 005930.KS, 000660.KS