If it falls, I'll buy more?" If you think this way in the second half, you're in big trouble... | Jang Woojin, CEO of Geumsigong [Yeouido Insight]
Speakers
Jang Woo-jin
— Writer
Summary
Jang Woo-jin, CEO of Geumsigong, discusses the current rally in Korean stocks, advising near-term bullishness but warning of macro risks later in 2025. He highlights semiconductors as a resilient sector and cautions against chasing SpaceX-linked stocks. The interview also covers Samsung's labor deal and AI capex sustainability.
- Jang Woo-jin recommends near-term bullish on KOSPI due to war-end expectations and resolved Samsung strike.
- He warns of a dangerous correction in the second half (July-September) from macro risks like oil and supply chains.
- Korean semiconductor stocks are seen as the safest sector, holding up better in recent pullbacks.
- He advises avoiding stocks that hold SpaceX equity (one-time gains) and looking at component suppliers instead.
- Samsung's labor deal implies internal recognition of a cyclical semiconductor downturn, warranting caution.
- AI capex by big tech is nearly 95% of operating cash flow, raising sustainability concerns.
- The learning effect of buying dips may fail in the next major correction.
- He expects KOSPI to reach mid-to-late 8,000s but is skeptical of further upside beyond that.
Trade Ideas
Bullish on KOSPI near-term
Expect KOSPI to continue rising in the near term due to war-ending expectations, resolved Samsung strike, and positive sentiment. However, be cautious in the second half (July-September) as macro risks (supply chain, oil, inflation) could trigger a sharp correction. For now, it's party time and investors should have courage to buy.
Favor Korean semiconductor stocks
Korean semiconductor stocks will hold up better than the broad market in the current environment. The recent pullback showed semiconductors declining less than other sectors. Investors should favor and hold semiconductor positions, as the sector is relatively resilient even if the broader market struggles.
Up Next
This 3PRO TV (삼프로TV) video, published May 21, 2026, features Jang Woo-jin discussing EWY, Korean semiconductor stocks. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Jang Woo-jin · Tickers: EWY, Korean semiconductor stocks