Hanwha Carries Out Spin-Off to Separate Affiliates; US Treasury Secretary Verbally Intervenes on Weak Won, Saying It Does Not Match Korean Economic Fundamentals | 3PRO TV Team Lead Kwon Soon-woo

Summary

The video covers the KOSPI's record run, Hanwha Group's spin-off and shareholder-return plan, and US Treasury Secretary Bessent's verbal intervention on the weak won. It also reviews December Korean employment data, a proposed inheritance-tax valuation bill, and US market moves in banks and energy. The guest, Kwon Soon-woo, highlights Hanwha's valuation discount and won stabilization setup as key investment implications.

• KOSPI extended gains above 4,700, with hosts discussing the possibility of 5,000.
• Hanwha Group announced a spin-off of non-core retail/leisure businesses and shareholder-return measures, lifting Hanwha Corporation and Hanwha Galleria.
• US Treasury Secretary Bessent said won weakness does not match Korea's fundamentals, triggering an immediate USD/KRW decline.
• Korean December employment showed strong headline numbers but weak quality, with youth employment falling and growth concentrated in care and delivery jobs.
• A proposed bill would set a PBR floor of 0.8x for inheritance tax valuation, potentially reducing incentives to keep low-PBR stocks depressed.
• US markets were mixed, with bank earnings and Iran-related oil headlines weighing on sentiment.
• Korean cosmetics exports remain strong, but share prices lag as market liquidity concentrates in semiconductors.