Why Are Foreigners Rapidly Buying and Selling Korean Stocks?

Summary

Park Se-ik reviews news articles and offers his views, rebutting a Bloomberg column that called Korea uninvestable. He argues that the Korean stock market is deeply discounted, especially outside semiconductor names, and that won appreciation is beginning and should boost Korean equities. He also notes Hyundai/Kia's strong US hybrid sales and shares thoughts on an AI-era education column.

• Disagrees with Bloomberg claim that Korea is becoming uninvestable, attributing extreme volatility to Samsung and SK hynix's heavy index weighting.
• Observes rotation from large-cap semiconductor stocks to KOSDAQ growth names like robotics and biotech.
• States Korean market is not a bubble; the bubble is in semiconductors only, while the rest of the market is at a massive discount sale.
• Uses the Big Mac index and Fitch forecast to argue the won is deeply undervalued and entering a strengthening trend, which historically lifts Korean stocks.
• Cautions that US stocks may underperform for Korean investors as won appreciation erodes returns.
• Reports Hyundai/Kia all-time high July US sales, driven by hybrid models, while noting overall global sales were mixed.
• Draws parallels between a philosophy-of-education column on AI-era learning and the chaotic, question-driven nature of market analysis.