Ideas
Korean market strong; buy dips, not collapse.
KOSPI is in a strong, liquidity-supported uptrend with seven consecutive weekly gains, driven by ETF inflows from retail and retirement pension DC shifts, governance reform improving market structure, and resilient Samsung/SK hynix. While a 15-20% correction is possible, a systemic collapse is unlikely and the market is becoming better for long-term investing.
ETF inflows structural; choose sector ETFs.
The Third Commercial Act revision and share-cancellation push are positive for companies with large treasury shares and high dividends, but execution may be delayed and stocks can test investors' patience. He personally holds ETFs focused on buyback and dividend companies because ETFs can wait through the policy process.
Solar leadership on Musk, China shift.
Solar was the strongest theme, with large caps such as Hanwha Solutions, HD Hyundai Energy Solutions, and OCI surging together by 10-30% or more. The catalyst is Elon Musk's teams visiting China and the vision of space-based solar/data centers requiring advanced perovskite-silicon tandem and HJT technology. China dominates solar, but if Trump excludes China, Korean solar firms could benefit from supply-chain shifts; the large-cap cluster move suggests solar may become a leading sector rather than a one-day theme.
Samsung, SK hynix anchor market higher.
Samsung Electronics and SK hynix are market anchors; Morgan Stanley sees 40-50% upside with targets of KRW 260,000 for Samsung and KRW 1.5 million for SK hynix, and SK hynix's price action suggests it wants to test KRW 1 million. As long as they hold, the market is unlikely to fall sharply and rotation into other themes continues; if owned, hold.
Nuclear suppliers benefit from US SMR push.
Nuclear rallied on US pressure for Korea to invest in nuclear and shipbuilding, plus a US Department of Energy waiver of environmental assessments for SMRs that could speed development. Korean nuclear companies are mostly component and equipment suppliers rather than project developers, so they can benefit during the long build-out; gas turbine makers and construction firms such as Hyundai E&C are among the beneficiaries.
Biotech weak now, watch post-earnings.
Korean biotech is weak during earnings season because many names have poor near-term results, and it tends to move later when the earnings season ends and other groups rest. Only companies with clear clinical or earnings catalysts are advancing.
KOSDAQ trades via index ETF.
KOSDAQ is weak because its large-cap biotech and semiconductor components are soft, and individual stock selection is unclear. Policy support and supply-demand are pushing investors to buy the KOSDAQ index itself; if trading KOSDAQ, the practical expression is the KOSDAQ 150 ETF (229200), not individual names.
Korea shipbuilding, defense win from US policy.
The Trump administration's policy of excluding China and reviving manufacturing creates opportunities for Korea, especially in shipbuilding and defense, which have been part of the shipbuilding-defense-nuclear leadership theme. Korea is well-positioned as a non-China manufacturing alternative.
Physical AI: robotics, autonomy, space long-term.
The world is moving toward physical AI, making robotics, autonomous driving, and aerospace/space long-term secular directions. Investors should use ETFs or funds aligned with these themes, and even if they are early and underwater, the direction should eventually produce gains over 5-10 years.
Power equipment benefits from AI, grid rebuild.
Power equipment is attractive not only because of AI electricity demand but also because US and European grids are aging and need replacement. If reconstruction or infrastructure spending occurs, power equipment demand should be strong, and there are ETFs for this theme.
Long-term bonds key macro risk.
Long-term government bonds are the key macro risk to watch: yen weakness and rising long-term yields recently forced US Treasury and Fed intervention, and although liquidity is masking these triggers now, they are likely to re-emerge as bigger negative catalysts later.
This 3PRO TV (삼프로TV) video, published February 04, 2026,
features Park Byeong-chang
discussing EWY, Korean equity ETFs, Korean solar sector, 009830.KS, 322000.KS, 010060.KS, 005930.KS, 000660.KS, Korean nuclear power sector, 000720.KS, Korean biotech sector, 229200.KS, Korean shipbuilding sector, Korean defense sector, ROBT, DRIV, ITA, Power equipment sector, TLT.
11 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Park Byeong-chang
· Tickers:
EWY,
Korean equity ETFs,
Korean solar sector,
009830.KS,
322000.KS,
010060.KS,
005930.KS,
000660.KS,
Korean nuclear power sector,
000720.KS,
Korean biotech sector,
229200.KS,
Korean shipbuilding sector,
Korean defense sector,
ROBT,
DRIV,
ITA,
Power equipment sector,
TLT
