Things You Should Include in Your Portfolio Now | Bae Jae-won, PB at Hana Securities Incheon Branch

지금, 포트폴리오를 구성해야 하는 것들 | 배재원 하나증권 인천지점 PB [더블 크루]
Watch on YouTube ↗  |  February 12, 2026 at 01:46  |  15:50  |  3PRO TV (삼프로TV)
Speakers
Bae Jae-won — Private Banker, Incheon Branch

Summary

Bae Jae-won, a private banker at Hana Securities Incheon Branch, discusses how to position a portfolio amid a strong Korean market. He remains positive on AI-driven memory names, especially Samsung Electronics and SK hynix, and sees neglected Korean consumer, retail, and department-store stocks bottoming as growth and sentiment improve. He also views the Korean market as still cheap versus Taiwan and says investors should concentrate on leaders rather than holding too many laggards. He notes securities firms are benefiting from active trading and market re-rating.

  • AI capex and reduced buybacks support memory demand.
  • Samsung Electronics and SK hynix are seen as core portfolio holdings.
  • Korean consumer, retail, and department-store names are recovering from lows.
  • Hyundai Department Store is specifically viewed positively.
  • Korean equities remain inexpensive relative to Taiwan.
  • Securities firms benefit from active trading and market re-rating.
  • Investors are advised to reduce holdings and focus on sector leaders.
  • The guest dismisses fear of the market's high level, citing earnings-based valuation.
Ideas
Bae Jae-won Private Banker, Incheon Branch 0:39
AI memory leaders still merit portfolio exposure.
Google and other big tech companies are cutting buybacks and increasing AI capex, which directly increases memory demand. Micron's HBM4 exclusion rumor was quickly denied. Samsung Electronics and SK hynix are the representative Korean memory suppliers, their earnings estimates keep being revised upward, DRAM export prices and volumes are rising sharply, and AI service usage is expanding. He argues these market-leading memory names should be held even by non-semiconductor portfolios, adding exposure gradually rather than trying to time the exact top.
005930.KS 000660.KS HIGH
Bae Jae-won Private Banker, Incheon Branch 7:26
Korean consumer and retail recovery is broadening.
After a long period of semiconductor leadership, he sees neglected Korean consumer, domestic-demand, and retail/distribution stocks bottoming and improving. KDI raised Korea's growth outlook on semiconductor/AI demand and positive auto exports, which supports consumption. The strong stock market is improving consumer sentiment and department store/apparel demand. Earnings may not fully reflect the recovery yet, but the improvement should become visible into 2026-27 and the market may price it in ahead, so these sectors are worth looking at now.
Korean consumer/domestic demand sector Korean retail/distribution sector HIGH
Bae Jae-won Private Banker, Incheon Branch 8:54
Securities firms benefit from market re-rating.
He points out that securities stocks have performed well because trading activity has become very active and the KOSPI/KOSDAQ market has been re-rating, which is being reflected in earnings. As long as the market level-up and trading volume remain strong, securities firms are direct beneficiaries.
Korean securities sector MED
Bae Jae-won Private Banker, Incheon Branch 9:50
Hyundai Department Store benefits from retail recovery.
When asked about a specific stock, he said he is positive on Hyundai Department Store. Department-store demand is increasing, and although the improvement is not yet fully in reported earnings, the market may anticipate the 2026-27 recovery. He favors accumulating before the earnings recovery becomes obvious.
069960.KS MED
Bae Jae-won Private Banker, Incheon Branch 11:50
Korean equities remain cheap versus Taiwan.
Even after the Korean market's large rally, he argues it is still cheap: PBR/PER is around 60% of Taiwan's and lower than other Asian markets. Investors should judge current index and stock prices by earnings-based valuation rather than past price levels, and the market can continue to re-rate as new industries like AI emerge.
EWY HIGH
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This 3PRO TV (삼프로TV) video, published February 12, 2026, features Bae Jae-won discussing 005930.KS, 000660.KS, Korean consumer/domestic demand sector, Korean retail/distribution sector, Korean securities sector, 069960.KS, EWY. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Bae Jae-won  · Tickers: 005930.KS, 000660.KS, Korean consumer/domestic demand sector, Korean retail/distribution sector, Korean securities sector, 069960.KS, EWY