Big Tech's Cash Flow Has Changed... A Variable That Will Determine the Rebound of the Korean Stock Market? | Myeong Min-jun, Park Ga-young, Jeong Tae-geun

Name: Big Tech's cash flow has changed... A variable that will determine the rebound of the Korean stock market? | Myeong Min-jun, Park Ga-young, Jeong Tae-geun [Stock Beginner Rescue Team]
Uploaded: 2026-07-29T13:30:16+00:00
Duration: 2805 s

Big Tech's cash flow has changed... A variable that will determine the rebound of the Korean stock market? | Myeong Min-jun, Park Ga-young, Jeong Tae-geun [Stock Beginner Rescue Team]

Watch on YouTube ↗ | July 29, 2026 at 13:30 | 46:45 | 3PRO TV (삼프로TV)

Speakers

Jeong Tae-geun — Director, Mire Economic Research Institute

Summary

Director Jeong Tae-geun of Mir Economic Research argues that the sharp KOSPI sell-off mirrors past crashes. He advises patience through July due to bearish monthly seasonality, then expects an August semiconductor-led rebound to previous highs, provided Samsung and SK Hynix earnings estimates hold. He also presents a macro view that the Fed will not hike rates this year, and that the AI mega-trend remains alive but is rotating within the cycle.

Jeong Tae-geun expects one final volatility flush before a rebound, targeting prior KOSPI highs.
He specifically recommends avoiding new buys in July because the monthly pattern of a weak start leading to a weak finish has held all year.
From August onward, he sees a trading opportunity in Samsung Electronics and SK Hynix, as semis retain market leadership and extreme oversold conditions can trigger a base-driven rally.
The bullish scenario requires Q3 earnings forecasts – especially Samsung’s ~100 trillion won revenue – to stay intact and not be downgraded.
He believes the Fed will keep rates on hold, citing Kevin Warsh’s inflation philosophy and hidden debt risks at major tech firms that make rate hikes too dangerous.
He notes that the AI mega-trend is not over, but the mini-cycle has shifted from NVIDIA to HBM and eventually may move toward software, akin to the smartphone hardware-to-software transition.
The hosts discuss practical strategies for underwater investors, with Jeong Tae-geun suggesting they hold through the rebound rather than selling piecemeal to minimize regret.

Ideas

Jeong Tae-geun Director, Mire Economic Research Institute 5:37

Long Samsung and SK Hynix after July.

After July, once the month-end selling pressure clears, the market will stage a rebound led by semiconductors. The KOSPI has suffered an extreme decline, at a scale comparable to the pandemic crash. Samsung Electronics and SK Hynix remain the leading sector, and leadership has not changed. If consensus earnings forecasts — particularly Samsung's roughly 100 trillion won revenue for Q3 — are maintained and not cut, the oversold condition will create a base-effect rebound. In a bullish scenario, the market can retrace back to the previous highs (전고점), implying near-50% upside from current levels for SK Hynix. The rebound will be driven by the recognition that the drop was overdone relative to unchanged fundamentals. Historically, similar setups occurred in July 2007 and August 2015, where after a sharp sell-off the market eventually reached prior highs or broke above them.

Jeong Tae-geun Director, Mire Economic Research Institute 7:11

Avoid KOSPI until July month-end.

Avoid KOSPI until the end of July. The monthly pattern is very consistent: when July starts with a decline at the beginning of the month, the index continues to fall through month-end. Since July opened lower and has been selling off, the pattern suggests further downside or at least no sustained bounce until the month is over. Therefore, refrain from any new buying until July finishes.

Big Tech's Cash Flow Has Changed... A Variable That Will Determine the Rebound of the Korean Stock Market? | Myeong Min-jun, Park Ga-young, Jeong Tae-geun

Summary

Ideas

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