China Kimi K3 Shock… Will US Semiconductor Chip Demand Decrease? 'Why Do Foreigners Keep Buying Samsung Electronics and SK Hynix?' | CSOP Asset Management Executive Director Lee Je-chung

China Kimi K3 Shock… Will US Semiconductor Chip Demand Decrease? "Why Do Foreigners Keep Buying Samsung Electronics and SK Hynix?" | CSOP Asset Management Executive Director Lee Je-chung
Watch on YouTube ↗  |  July 21, 2026 at 08:00  |  22:32  |  815 Money Talk (815머니톡)
Speakers
Lee Jae-chung — Executive Director, CSOP Asset Management

Summary

CSOP Asset Management Executive Director Lee Je-chung argues that the Moonshot AI Kimi K3 shock is overblown noise, Korean semiconductor stocks are deeply undervalued, and upcoming US big tech earnings will restore confidence. He highlights massive foreign ETF inflows as a bottom signal for KOSPI and suggests buying Chinese tech indices on government-induced pullbacks.

  • Lee Je-chung dismisses Kimi K3 as short-term noise with limited impact on US/Korean chip demand due to China’s separate AI ecosystem.
  • Korean semiconductor stocks (Samsung Electronics, SK Hynix) are seen as deeply undervalued after correction.
  • US-China tech rivalry benefits Korean power supply and equipment companies as alternative suppliers.
  • Google’s upcoming earnings are expected to show increased AI capex, providing a positive catalyst for semiconductors.
  • Record foreign inflows into EWY and Hong Kong-listed KOSPI ETFs suggest institutions are buying the Korean market bottom.
  • China’s STAR 50 and ChiNext indices offer buying opportunities on government-induced pullbacks.
Ideas
Lee Jae-chung Executive Director, CSOP Asset Management 0:00
Buy undervalued Korean semiconductor stocks.
Korean semiconductor stocks such as Samsung Electronics and SK Hynix are deeply undervalued and have corrected significantly from their highs. The Kimi K3 shock is merely noise and does not fundamentally threaten US/Korean semiconductor demand, because China’s AI ecosystem remains isolated and relies mainly on its own supply. The US-China tech decoupling ensures continued demand for Korean chips.
000660.KS 005930.KS HIGH
Lee Jae-chung Executive Director, CSOP Asset Management 5:29
Buy Korean power supply equipment stocks.
The US-China tech rivalry creates opportunities for Korean power supply and equipment companies, as they become alternative suppliers and capture revenue that would otherwise go to Chinese or US firms.
Korean Power Supply and Equipment Stocks MED
Lee Jae-chung Executive Director, CSOP Asset Management 12:01
Buy China tech on government pullbacks.
China's STAR 50 and ChiNext indices have rallied on strong earnings and the AI boom, but the government deliberately slows the uptrend to prevent overheating. Buying on these government-induced pullbacks offers attractive entry points for long-term exposure.
STAR 50 Index CNXT MED
Lee Jae-chung Executive Director, CSOP Asset Management 16:42
Long Google on AI capex catalyst.
Google (Alphabet) is expected to announce increased AI investment and positive forward guidance during its upcoming earnings. This will provide a clear catalyst confirming robust semiconductor demand, remove market uncertainty, and support both Google and the broader AI supply chain.
GOOGL MED
Lee Jae-chung Executive Director, CSOP Asset Management 20:43
Korean market bottom on record ETF inflows.
Massive foreign inflows into Korean equity ETFs, including about $3 billion into EWY over two days representing 30% of its AUM, signal institutional conviction that the Korean market has bottomed and is poised for recovery.
EWY HIGH
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815 Money Talk (815머니톡) · Jul 21

This 815 Money Talk (815머니톡) video, published July 21, 2026, features Lee Jae-chung discussing 000660.KS, 005930.KS, Korean Power Supply and Equipment Stocks, STAR 50 Index, CNXT, GOOGL, EWY. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lee Jae-chung  · Tickers: 000660.KS, 005930.KS, Korean Power Supply and Equipment Stocks, STAR 50 Index, CNXT, GOOGL, EWY