Name: Don't be scared... Samsung Electronics and SK Hynix are correcting and moving on. / Why can't shipbuilding stocks with good performance rise? | CEO Lee Kwon-hee
Uploaded: 2026-08-18T07:00:22+00:00
Duration: 1072 s

Speakers

Lee Kwon-hee — CEO, Economist

Summary

CEO Lee Kwon-hee discusses the August 18 morning tape, arguing the KOSPI can rise about 1.5–2% and target 7,500 on long-term foreign spot buying. He sees Hyundai Motor as technically breaking out toward 500,000 KRW and treats the Samsung Electronics and SK Hynix correction as a Nvidia-style shakeout to hold. He views Korean shipbuilding and Europe as frustrating or structurally unattractive despite good shipbuilding earnings, and flags SK Telecom as a technical watch.

KOSPI is expected to outperform KOSDAQ, with a short-term target around 7,500.
Long-term foreign investors are buying cash equities at the open rather than chasing futures.
Korean shipbuilding stocks are stuck despite good earnings because China dominates orders and is catching up in LNG and ammonia carriers.
Hyundai Motor is seen breaking out toward 500,000 KRW after a large weekly gain.
Samsung Electronics and SK Hynix are viewed as undergoing a Nvidia-like correction and are a hold.
Europe is described as structurally declining due to overregulation and lack of AI leadership.
SK Telecom is highlighted as a technical breakout watch.

Ideas

Lee Kwon-hee CEO, Economist 0:33

KOSPI rises to 7,500 on foreign buying.

He expects the KOSPI to rise about 1.5–2% today, led by large-cap semiconductors and related power equipment and materials sectors. The index is attempting a trend reversal with moving averages turning bullish, and he argues it can reach the 7,500 level, which is the 60-day line and a former support/resistance zone. Long-term foreign investors are buying spot in the regular session rather than trading futures, and their continuation is key to the rally. He favors holding into strength but would trim near 7,400–7,500 if fully invested.

Lee Kwon-hee CEO, Economist 1:07

Shipbuilding stocks muted despite good earnings.

Korean shipbuilding stocks are frustrating despite improving earnings and order books because China is dominating orders, with about 81% market share in July, and is quickly catching up even in LNG and ammonia carriers. He notes the stocks have held up relatively well but lack catalysts and are boring. US pressure for Korean yards to invest in America is not an attractive near-term catalyst because overseas shipyards have often been unprofitable due to labor, supply chain, and steel plate constraints. He sees it as a market to keep watching rather than abandon.

Lee Kwon-hee CEO, Economist 8:05

Europe structurally declining due regulation.

He is bearish on Europe as an investment region, arguing that it is structurally declining: it has no meaningful AI industry except cloud data centers in Ireland, is heavily overregulated, and is living off legacy tourism and assets from the imperial era. He points to crippling regulation such as air-conditioning installation costs in Germany exceeding the price of many cars.

Lee Kwon-hee CEO, Economist 9:14

Hyundai Motor can reach 500,000 won.

Hyundai Motor rose about 14% last week and has completed a weekly trend reversal. The daily chart is building a bullish moving-average alignment, with the 5- and 10-day averages in positive order and the stock above the 120-day line. He expects a move to 500,000 won, with the key task being to break above the 60- and 120-day averages.

Lee Kwon-hee CEO, Economist 13:23

Samsung, SK hynix correction like Nvidia; hold.

He argues that Samsung Electronics and SK Hynix are going through a correction similar to NVIDIA's early-2025 drawdown, when NVIDIA fell about 40% and then recovered. The companies themselves did nothing wrong; the market is not recognizing them yet. He says he is not worried and advises holders to hold through the correction.

Lee Kwon-hee CEO, Economist 16:36

SK Telecom breaking resistance worth watching.

He flags SK Telecom as a stock to watch, specifically whether it can break through a key level and enter the next won-level price band. A breakout would confirm the setup, though he does not provide detailed fundamentals in this segment.

Don't be scared... Samsung Electronics and SK Hynix are correcting and moving on. / Why can't shipbuilding stocks with good performance rise? | CEO Lee Kwon-hee

Summary

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