KOSPI 5000, Next Is KOSDAQ 3000 as Funds Start Moving / Alteogen Stock Crash Shock Is Over | Lee Dong-geun, CEO

[긴급 시황] 코스피 5000 다음은 코스닥 3000, 자금이 움직이기 시작했다 / 알테오젠 주가폭락 쇼크는 끝났다 ㅣ이동근 대표
Watch on YouTube ↗  |  January 23, 2026 at 06:00  |  20:28  |  815 Money Talk (815머니톡)
Speakers
Lee Dong-geun — CEO

Summary

Lee Dong-geun, CEO of First Prime Research, says KOSPI has entered the 5,000 era and expects the market's next focus to shift to KOSDAQ 3,000. He sees policy support, possible National Pension allocation to KOSDAQ, and rotation into mid/small caps as key drivers, while foreign selling is less threatening because retail ETF inflows are dominant. He also discusses the Alteogen shock and expects Korean pharma/bio sentiment to improve from February. Other notable themes include brokerage stocks, digital-asset policy beneficiaries, construction names tied to power/nuclear projects, and rotation within beaten-down sectors.

  • KOSPI reached 5,000 and the speaker expects further upside.
  • KOSDAQ 3,000 is framed as the next target, supported by policy and potential pension allocation.
  • Foreign selling is viewed as profit-taking with a weaker market impact than in the past.
  • Alteogen's contract and royalty disappointment hurt bio sentiment; recovery may come from February.
  • Brokerage stocks are highlighted as beneficiaries of KOSPI strength and commercial-law revision.
  • Stablecoin, STO, and fintech stocks rallied on digital-asset policy expectations.
  • Construction stocks gain on SMR/nuclear and Big Tech power-plant themes.
  • Wires and power-equipment weakness is attributed to rotation, not fundamentals.
Ideas
Lee Dong-geun CEO 0:07
KOSPI 5,000 era has more upside
KOSPI has entered the 5,000 era, and Lee Dong-geun clearly expects further upside. Although the rapid achievement of the first target may create profit-taking and fatigue, the underlying bull trend remains intact if the market can absorb those pressures.
KOSPI HIGH
Lee Dong-geun CEO 0:14
KOSDAQ 3,000 next as rotation expands
With KOSPI's 5,000 target achieved, the next focus is KOSDAQ 3,000. KOSDAQ is more comparable to the Russell 2000, and government policy plus possible National Pension allocation toward KOSDAQ mid/small caps could draw funds and extend the rotation.
KOSDAQ Composite Index HIGH
Lee Dong-geun CEO 2:47
Digital-asset policy boosts stablecoin/STO/fintech
The government/party meeting suggested using digital assets such as stablecoins and STO to help drive KOSDAQ 3,000, igniting related stocks. Lee Dong-geun views this as a policy-expectation-driven move that needs confirmation to become a sustained trend rather than a one-day reaction.
Stablecoin-related stocks Security token offering (STO)-related stocks Fintech stocks MED
Lee Dong-geun CEO 10:18
Alteogen overhang needs time to clear
Alteogen's contract size and lower-end royalty rate disappointed the market and triggered a broader bio selloff. Lee Dong-geun says it will take time for the overhang to resolve, so the stock is a watch until sentiment stabilizes and the February/March bio catalysts arrive.
196170.KQ MED
Lee Dong-geun CEO 11:38
Pharma/bio may recover from February
The Alteogen shock damaged pharma/bio sentiment, but Lee Dong-geun expects the sector to digest the bad news and turn around from around February. Government bio/KOSDAQ policy support and possible KOSDAQ/NPS fund inflows into large-cap bio are positives, while competition from other growth categories like robots and aerospace is a headwind.
XLV MED
Lee Dong-geun CEO 14:28
Brokerages benefit from KOSPI and policy
Brokerage stocks are the clearest beneficiaries of KOSPI 5,000 and government capital-market policy, with commercial-law revision expectations adding support. Large brokers such as Mirae Asset Securities, Samsung Securities, Korea Investment Holdings, and Kiwoom Securities were at new highs on the day.
Korean securities/brokerage sector 006800.KS 016360.KS 071050.KS 039490.KS HIGH
Lee Dong-geun CEO 15:04
Shinyoung treasury cancellation could lift stock
Shinyoung Securities is singled out because its treasury share ratio is 51%. Commercial-law revision expectations could force or encourage substantial cancellation of those shares, which would have a large positive impact on the stock.
001720.KS MED
Lee Dong-geun CEO 15:36
Unfairly sold-off bio names are rebounding
Alteogen-driven indiscriminate selling hit unrelated immuno-oncology/bio stocks. Names such as LigaChem Bio and ABL Bio fell sharply and are now rebounding as the Alteogen shock eases, creating a rebound opportunity in unfairly sold-off bio names.
141080.KQ 298380.KQ MED
Lee Dong-geun CEO 16:18
Construction gains from power and housing
Construction stocks are strong on US SMR/nuclear construction themes, Big Tech building their own power plants, and expected domestic real estate supply measures. Only a few global builders have power-plant construction know-how, benefiting Hyundai E&C and Samsung C&T.
000720.KS 028260.KS HIGH
Lee Dong-geun CEO 17:32
Neglected game stocks may attract interest
Game stocks are rising as one of the most beaten-down and least discussed sectors. With market strength broadening, Lee Dong-geun suggests interest may return to this neglected group, though the view is tentative.
Korean game stocks LOW
Lee Dong-geun CEO 18:59
Power equipment weakness is just rotation
Wires and power-equipment names have been sluggish, but their fundamentals and charts are not broken. Lee Dong-geun attributes the weakness to rotation into other areas rather than deterioration, making them a watch for renewed interest once the rotation cools.
010120.KS 267260.KS MED
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This 815 Money Talk (815머니톡) video, published January 23, 2026, features Lee Dong-geun discussing KOSPI, KOSDAQ Composite Index, Stablecoin-related stocks, Security token offering (STO)-related stocks, Fintech stocks, 196170.KQ, XLV, Korean securities/brokerage sector, 006800.KS, 016360.KS, 071050.KS, 039490.KS, 001720.KS, 141080.KQ, 298380.KQ, 000720.KS, 028260.KS, Korean game stocks, 010120.KS, 267260.KS. 11 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lee Dong-geun  · Tickers: KOSPI, KOSDAQ Composite Index, Stablecoin-related stocks, Security token offering (STO)-related stocks, Fintech stocks, 196170.KQ, XLV, Korean securities/brokerage sector, 006800.KS, 016360.KS, 071050.KS, 039490.KS, 001720.KS, 141080.KQ, 298380.KQ, 000720.KS, 028260.KS, Korean game stocks, 010120.KS, 267260.KS