Don't be scared of KOSPI decline. It's just a rest in a bull market | CEO Lee Kwon-hee

Summary

Lee Kwon-hee, CEO of Wizwave, argues the current KOSPI correction is a healthy pause in a bull market, supported by strong earnings in semiconductors and defense. He advises buying on dips for these sectors, warns against speculative theme stocks like Daehan Optical Telecom, and recommends avoiding Samsung preferred shares for capital gains. He also notes AI investment sustainability as a key driver and highlights Krafton's target upgrade. The discussion covers foreign investor flows, regulatory risks from China, and the shift in US economy toward equipment investment.

• Lee Kwon-hee views the KOSPI correction as a normal rest after a sharp rally, not the start of a downtrend.
• Samsung Electronics and SK hynix are favored as dip buys due to strong earnings.
• Korean defense stocks are recommended for purchase on pullbacks given their solid fundamentals.
• Krafton receives a target price upgrade to 350,000 won based on record game engagement.
• Samsung Electronics preferred shares are advised against for capital gains due to illiquidity and volatility.
• Daehan Optical Telecom is highlighted as overvalued with a PER over 600x, to be avoided.
• The potential easing of Chinese industrial regulations is dismissed as unlikely.
• AI demand is described as overwhelming, supporting continued investment in the sector.