Why Are the Wealthy Buying More Stocks Now? And Which Stocks Are They Buying? | Kim Jong-moon, Yeo Do-eun, Heo Jae-moo

Summary

Kim Jong-moon, a PB manager at NH Investment & Securities, explains why wealthy investors are buying more Korean stocks under the dividend separate-tax regime. He argues the policy supports high-dividend stocks, KOSPI large caps, and a possible Taiwan-style market re-rating, while Samsung Electronics and SK hynix are undervalued beneficiaries of secular AI memory demand. He also warns that several recently hot Korean sectors may see deeper corrections and presents a Samsung/SK hynix-linked ELS as a yield alternative.

• Kim Jong-moon, a PB manager at NH Investment & Securities, discusses why wealthy investors are increasing stock exposure.
• The new dividend-income separate taxation is presented as a catalyst for eligible high-dividend stocks and for money moving from real estate and fixed income into equities.
• The guest favors KOSPI large caps and expects a possible Taiwan-style market re-rating, with KOSPI 5,000-6,000 discussed as a longer-term possibility.
• Samsung Electronics and SK hynix are argued to be undervalued versus TSMC and Micron because AI memory demand is becoming a secular growth driver.
• He recommends staged buying on dips for the memory names and says he has shifted some US big-tech exposure toward them.
• Recently hot Korean sectors such as robotics, defense, shipbuilding, nuclear, and Hyundai Motor are flagged for deeper correction risk after fast rallies.
• For investors reluctant to buy Samsung/SK hynix directly, he mentions a barrier-linked ELS as a high-yield alternative.
• The segment also highlights quality Korean small/mid-caps and securities firms as beneficiaries of market growth.