Don't Be Afraid of the Crash! Now Is the 'Last Correction Before a Big Bull Market' / Will Market Stimulus Come Before Lunar New Year? | Director Lee Young-hoon

폭락장에 겁 먹지 마세요! 지금은 "대 상승장 전, 마지막 조정"입니다 / 설 연휴 전, 증시 부양책 나오나? | 이영훈 이사
Watch on YouTube ↗  |  February 07, 2026 at 23:30  |  19:05  |  815 Money Talk (815머니톡)
Speakers
Lee Young-hoon — Director
Hwang Yoo-hyun — Private Banker Team Lead, NH Investment & Securities

Summary

Director Lee Young-hoon of iM Securities argues that the recent selloff is a correction before a larger upcycle and prefers Korea over the US. He expects won strength, China-decoupling beneficiaries, and Korean semiconductor IDMs such as Samsung Electronics and SK hynix to lead, while avoiding solar. Host Hwang Yu-hyeon adds a constructive view on Korean bank and securities stocks.

  • Lee sees US big tech in a heavy capex cycle without a clear AI leader, making near-term volatility look like noise.
  • He expects a weak-dollar cycle and USD/KRW below 1,400.
  • China decoupling is seen benefiting Korean shipbuilding, defense, nuclear, and power equipment.
  • He prefers Korean semiconductor IDMs over equipment/materials makers.
  • He favors Hyundai Motor as a long-term dividend and humanoid-robotics play.
  • He is negative on Korean solar and Hanwha Solutions because the rally looks theme-driven.
  • Lee expects the KOSPI to stay rangebound until the second week of March.
  • Hwang highlights Korean banks on buybacks/dividends and securities firms on higher market activity.
Ideas
Lee Young-hoon Director 1:02
Prefer Korea over US, KOSPI upside
He prefers Korea over the US because the dollar cycle is turning weaker, US manufacturing revival requires a weaker dollar, and China decoupling is boosting demand for Korean corporates. He sees Korea's market as in a third quantum jump, with earnings growth outpacing price gains; near-term index consolidation should not end the larger upcycle.
EWY HIGH
Lee Young-hoon Director 1:12
USD/KRW can fall below 1,400
He expects the strong-dollar regime to shift toward a weak-dollar cycle as the US seeks manufacturing revival and exports. While he does not expect USD/KRW to fall to 1,200, he thinks it can drop below 1,400, implying won strength.
USD/KRW HIGH
Lee Young-hoon Director 2:30
US big tech selloff looks like noise
He sees US big tech in a heavy capex investment cycle with no clear AI leader yet, so heavy spending without matching output is creating valuation anxiety. However, he views the current selloff as a DeepSeek-style shakeout or noise rather than a structural end.
M7 MED
Lee Young-hoon Director 7:37
China decoupling lifts Korean shipbuilding, defense, nuclear
China decoupling is increasing demand for Korean companies as Western buyers reduce reliance on Chinese suppliers. He explicitly names shipbuilding, defense, and nuclear power as sectors benefiting, with the earnings impact flowing directly to Korean firms.
Korean shipbuilding sector Korean defense sector Korean nuclear power sector HIGH
Lee Young-hoon Director 7:50
Chinese exit creates Korean power equipment room
Chinese power equipment suppliers had held 60-70% of the US market, but their expulsion is creating a shortage and expanding the addressable market for Korean power equipment makers.
Korean Power Equipment Sector HIGH
Lee Young-hoon Director 11:35
Prefer Korean chip IDMs over equipment
AI chip shortages and US restrictions on advanced semiconductor equipment exports to China benefit Korean semiconductors. He prefers IDMs such as Samsung Electronics and SK hynix over materials/equipment makers because their earnings growth and valuation setup are more comfortable, though he cautions that single-stock leveraged ETF flows could overheat prices.
005930.KS 000660.KS HIGH
Lee Young-hoon Director 11:35
Prefer Korean chip IDMs over equipment
AI chip shortages and US restrictions on advanced semiconductor equipment exports to China benefit Korean semiconductors. He prefers IDMs such as Samsung Electronics and SK hynix over materials/equipment makers because their earnings growth and valuation setup are more comfortable, though he cautions that single-stock leveraged ETF flows could overheat prices.
Korean semiconductor equipment/materials sector HIGH
Lee Young-hoon Director 12:42
Korean solar rally is theme-driven, avoid
He views the Korean solar rally as theme- and supply-driven, mainly an Elon Musk effect, rather than fundamentally supported. Although Hanwha Solutions has profit-turnaround talk, he remains uninterested and says solar still looks too theme-like; he also notes the US solar ETF has been stuck.
Korean solar sector 009830.KS TAN MED
Lee Young-hoon Director 16:09
Hold Hyundai Motor for dividends, robotics
He has long advised holding Hyundai Motor, collecting dividends while waiting for humanoid-robotics and governance catalysts. He cites a client who compounded Hyundai Motor preferred dividends into a 600% gain after switching to common shares, reinforcing his view that high-dividend potential stocks should be held long term.
005380.KS MED
Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 18:02
Korean banks attractive on buybacks, dividends
He says bank stocks have turned attractive because they are buying back and cancelling shares while paying large dividends. He expects the favorable backdrop to persist until the government shows any willingness to restrict dividend payout ratios, which he sees as unlikely for now.
KBE MED
Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 18:18
Korean securities benefit from higher market
He expects securities firms to earn heavily if the market advances another step, and potential share buybacks/cancellation would add further support. He concludes the group does not need to be viewed negatively.
Korean securities stocks MED
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This 815 Money Talk (815머니톡) video, published February 07, 2026, features Lee Young-hoon, Hwang Yoo-hyun discussing EWY, USD/KRW, M7, Korean shipbuilding sector, Korean defense sector, Korean nuclear power sector, Korean Power Equipment Sector, 005930.KS, 000660.KS, Korean semiconductor equipment/materials sector, Korean solar sector, 009830.KS, TAN, 005380.KS, KBE, Korean securities stocks. 11 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lee Young-hoon, Hwang Yoo-hyun  · Tickers: EWY, USD/KRW, M7, Korean shipbuilding sector, Korean defense sector, Korean nuclear power sector, Korean Power Equipment Sector, 005930.KS, 000660.KS, Korean semiconductor equipment/materials sector, Korean solar sector, 009830.KS, TAN, 005380.KS, KBE, Korean securities stocks