Ideas
Short-term pause, not trend reversal.
Foreigners and institutions are net buyers of KOSPI, but foreign put-option positioning around the 5,270-5,330 area, upcoming CPI/employment data, and pre-holiday cash-raising may cause a short-term pause. The speaker does not see a trend reversal because global liquidity is still easing, the incoming Fed leadership is unlikely to turn immediately hawkish, and economic and earnings conditions remain supportive. He views the market as unlikely to break down and still upward-biased.
Transformer/power equipment earnings stay strong.
Foreigners are buying transformer and cable names such as Hyundai Electric and LS because earnings are strong, and Hyosung Heavy Industries announced a new contract. Order announcements continue, supporting an upward outlook for power equipment tied to grid and AI infrastructure demand.
Shipbuilding/defense/nuclear have strong order momentum.
The shipbuilding, defense, and nuclear group is showing strong export and earnings momentum, with continuous order and contract announcements. Foreigners bought this group in January, and the speaker still sees an upward picture for these sectors.
Buy semiconductor equipment/materials on supply-driven dip.
The sharp drop in semiconductor equipment and materials is attributed to National Pension Service portfolio rebalancing and supply/demand, not bad news. Foreigners continue to buy Samsung Electronics and SK hynix, so semiconductor fundamentals are not viewed negatively. New equipment orders from Samsung and SK hynix began around October 2025; after roughly six months of equipment setup and four months of wafer processing, new capacity should arrive around late 2026, implying an equipment/materials cycle from H1. Materials such as Hansol Chemical and ENF Technology, test/socket names like ISC and Leeno Industrial, and Samsung value-chain equipment names such as Wonik IPS, TES, Eugene Technology, and EO Technics could benefit.
Robotics remains a year-long theme.
Boston Dynamics' Atlas demonstrations, including side flips and backflips, are keeping robot-related stocks positive. The speaker sees robotics as one of the themes likely to persist through the year.
Space/aerospace is a year-long theme.
Space and aerospace is no longer just a vague theme; earnings are beginning to validate it, and intensifying US-China space competition should keep it as a year-long theme.
Intellian earnings surprise validates space theme.
Intellian Technologies reported earnings with roughly doubled guidance, an earnings surprise that contrasts with past aerospace disappointments and validates the space/aerospace theme.
Dawn-delivery deregulation benefits large marts.
After 14 years, large retailers are being allowed into early-morning delivery, partly due to Coupang-related issues. Shinsegae already has fulfillment infrastructure and can add delivery without major capex; E-Mart is also a beneficiary and its delivery is linked to CJ Logistics, so E-Mart's dawn-delivery expansion could drive volume toward CJ Logistics. The deregulation also supports broader retail, department store, home-shopping, and logistics names.
AI infrastructure drives Korean construction.
AI infrastructure and government policy require physical construction, and US infrastructure and nuclear projects also need construction capacity. Domestically, construction companies are seen as AI infrastructure partners; Daewoo E&C surged, while GS E&C and lagging Hyundai E&C and other builders can benefit from domestic AI infrastructure construction.
Airlines benefit from Lunar New Year.
Lunar New Year travel and China's 50% cut to Japan-bound flights could divert some demand to Korea, benefiting Korean airlines and low-cost carriers. Korean Air's results were decent, with cargo strong on semiconductor exports and passenger demand solid; monthly transport records and rising Japan routes support the group.
Domestic NPU policy supports Furiosa theme.
The government's domestic AI computing center is expected to use domestic NPU, making Furiosa AI-related stocks stand out as a policy-supported theme.
Beaten-down US tech can rebound.
After AI software concerns triggered a tech selloff, beaten-down US technology stocks are rebounding; Oracle surged and Nvidia recovered, and fund-manager surveys show institutions buying IT again. The speaker advises including beaten-down technology stocks.
US value/cyclicals broaden market leadership.
The strong US economy has favored cyclical and value stocks; Walmart and Coca-Cola hit record highs, and fund managers are broadening out from IT into cyclicals, financials, and services. The speaker sees market leadership expanding and recommends holding value/cyclical sectors alongside technology.
Watch KOSDAQ pension allocation rumor.
There is a market rumor that the National Pension Service could raise its KOSDAQ allocation from about 3.1% to 11%, and active KOSDAQ ETFs are being launched. If the pension reallocation materializes, KOSDAQ large caps could move on supply/demand, similar to January, so this should be monitored.
Favor KOSPI value/dividend sectors.
Today's market favors dividend and value stocks on the KOSPI while KOSDAQ and semiconductor equipment/materials weaken. Autos, securities, banks, and construction are leading this KOSPI value/dividend move, and these sectors should be kept in portfolios.
This 815 Money Talk (815머니톡) video, published February 10, 2026,
features Park Geun-hyung
discussing EWY, 267260.KS, LS, 298040.KS, Korean power equipment/transformers, Korean Shipbuilding, Korean Defense, Korean nuclear, 034020.KS, Korean semiconductor equipment/materials, 014680.KS, 102710.KQ, 095340.KQ, 058470.KQ, 240810.KQ, 095610.KQ, 084370.KQ, 039030.KQ, Korean Robotics, Korean space/aerospace, 189300.KQ, 004170.KS, 139480.KS, 000120.KS, Korean retail/logistics, 047040.KS, 000720.KS, 006360.KS, Korean construction, 003490.KS, Korean low-cost carriers, Korean airlines, Furiosa AI-related stocks, Korean NPU theme, XLK, VTV, XLF, US services, KOSDAQ Large Caps, KOSDAQ, Korean value/dividend stocks, Korean autos, Korean securities, Korean banks.
15 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Park Geun-hyung
· Tickers:
EWY,
267260.KS,
LS,
298040.KS,
Korean power equipment/transformers,
Korean Shipbuilding,
Korean Defense,
Korean nuclear,
034020.KS,
Korean semiconductor equipment/materials,
014680.KS,
102710.KQ,
095340.KQ,
058470.KQ,
240810.KQ,
095610.KQ,
084370.KQ,
039030.KQ,
Korean Robotics,
Korean space/aerospace,
189300.KQ,
004170.KS,
139480.KS,
000120.KS,
Korean retail/logistics,
047040.KS,
000720.KS,
006360.KS,
Korean construction,
003490.KS,
Korean low-cost carriers,
Korean airlines,
Furiosa AI-related stocks,
Korean NPU theme,
XLK,
VTV,
XLF,
US services,
KOSDAQ Large Caps,
KOSDAQ,
Korean value/dividend stocks,
Korean autos,
Korean securities,
Korean banks
