Hynix Soaring: US Rich People Buying Frenzy... Reverse Dumping Begins! | Lee Kwon-hee Wizwave CEO [Emergency Interview]

Hynix Soars" US Asset Owners Buying Like Crazy…! Reverse Direct Purchase Begins! | Lee Kwon-hee, Wizwave CEO [Emergency Interview]
Watch on YouTube ↗  |  May 04, 2026 at 23:00  |  48:03  |  3PRO TV (삼프로TV)
Speakers
Lee Kwon-hee — CEO, Economist

Summary

Lee Kwon-hee explains the 5%+ surge in the KOSPI on the first trading day of May, attributing it to semiconductor earnings growth, massive capex by big tech, and new direct investment accounts allowing US investors to buy Korean stocks. He recommends a long bias across semiconductors (SK Hynix, Samsung), defense, power equipment, shipbuilding, Hyundai Motor, and Doosan Enerbility, while advising caution on construction and secondary batteries. The host and guest discuss portfolio allocation and the importance of focusing on large-cap leaders.

  • KOSPI surged over 5% on May 4th, driven by semiconductors and foreign buying.
  • SK Hynix rose 12.5%, Samsung Electronics 5.4%, supported by strong earnings and new foreign access accounts.
  • Lee Kwon-hee argues that SK Hynix and Samsung are still cheap (5-6x forward P/E) and should continue rising.
  • He is bullish on Hyundai Motor due to undervaluation and robotics/AI investments.
  • Defense sector is recommended because of rising global demand and Korean export capabilities.
  • Power equipment and Doosan Enerbility are favored on grid upgrade and nuclear reactor demand.
  • Shipbuilding (Samsung Heavy) is poised for FLNG contract wins.
  • Secondary batteries are viewed as overbought; construction heavyweights need a rest.
Speakers
Lee Kwon-hee — CEO, Economist

Summary

Lee Kwon-hee, CEO of Wizwave, discusses the strong rally in Korean stocks on May 5th, attributing it to massive CapEx spending by US tech companies and foreign direct investment through a new Samsung Securities account. He recommends overweighting semiconductors (SK Hynix, Samsung Electronics), power equipment, defense, shipbuilding, and specific construction plays like DL E&C and Samsung E&A. He sees KOSPI heading to 8,300 or higher, and advises holding major blue chips while avoiding small caps. He also expects a rate cut within the year, which would benefit biotech.

  • Korean stocks surged over 5% on May 5th due to US tech CapEx and foreign inflows.
  • SK Hynix and Samsung Electronics are cheap at 5-5.5x forward P/E and should be held.
  • Hyundai Motor is undervalued (10x P/E) with long-term upside from robotics and autonomy.
  • Power equipment and defense sectors are in a structural re-rating; buy on dips.
  • Doosan Enerbility is the only nuclear reactor vessel maker, order backlog growing.
  • DL E&C and Samsung E&A are beneficiaries of potential Iran/Middle East reconstruction.
  • KOSPI target raised to 8,300; bullish on large caps, cautious on small caps.
  • Biotech should be bought only after rate cut signals emerge.
Trade Ideas
Lee Kwon-hee CEO, Economist 6:29
Hynix extremely cheap, structural growth.
SK Hynix is extremely cheap at 5-6x forward P/E compared to Sandisk's 10x, while operating earnings are surging due to AI demand and massive CapEx by big tech. The company benefits from HBM customization which is moving toward a TSMC-like model, justifying a structural growth re-rating. Earnings are increasing so fast that even without multiple expansion, the stock must rise further.
000660.KS HIGH
Lee Kwon-hee CEO, Economist 6:35
Samsung cheap, benefiting from capex.
Samsung Electronics is similarly undervalued at about 5.5x forward P/E, cheaper than E-Mart at 11x. It will follow Hynix higher given the same semiconductor upcycle. The stock is also supported by the Samsung Securities account that allows direct buying by US investors, and the company's own HBM and DRAM customization efforts could lead to a structural re-rating.
005930.KS HIGH
Lee Kwon-hee CEO, Economist 10:25
KOSPI target 7,500-10,000.
KOSPI is undervalued at 8.2x P/E (10-year average 9.3x). With Samsung and Hynix earnings surging and potential re-rating, the index can reach 7,500 by mid-year (near-term) and 8,300-10,000 if re-rating occurs. The speaker initially called 7,500 in February when KOSPI was around 5,000, and now expects it much sooner.
^KS11 HIGH
Lee Kwon-hee CEO, Economist 10:44
KOSPI to 8300, own index.
KOSPI is currently at 6,930 and should reach 8,300 easily given forward P/E of only 8.5x (below 10-year average of 9.3x). If Samsung and SK Hynix re-rate to 10x, KOSPI could hit 10,000. The index is supported by strong earnings growth and foreign inflows. Buy index ETFs or large caps.
EWY HIGH
Lee Kwon-hee CEO, Economist 19:58
Hyundai undervalued, robotics, autonomous driving.
Hyundai Motor is undervalued at 10x P/E compared to Tesla at 200x. The company is investing heavily in robotics, autonomous driving, and has purchased 50,000 GPUs. It will eventually be re-rated upward as the market recognizes its tech and manufacturing capabilities. The stock is a long-term hold toward 1 million won.
005380.KS HIGH
Lee Kwon-hee CEO, Economist 24:06
Power grid upgrade, data center demand.
Power equipment sector benefits from US infrastructure upgrades, aging grid, and rising data center electricity demand. The theme started with the Biden infrastructure law and continues. Key stocks: HD Hyundai Electric, LS Electric, Hyosung Heavy Industries. Investors should buy on dips to the 10-day moving average.
POWL MED
Lee Kwon-hee CEO, Economist 24:48
Power equipment strong, buy on dips.
Korean power equipment companies (LS Electric, Hyosung Heavy Industries, Hyundai Electric) benefit from US grid modernization, data center construction, and AI power demand. The sector has undergone a structural re-rating. Investors should buy on dips to the 10-day moving average.
Korean Power Equipment MED
Lee Kwon-hee CEO, Economist 25:22
DL E&C Iran reconstruction potential.
DL E&C has unique ties to Iran from the 1980s (Daerim stayed during the war). If sanctions are lifted, Iran will need massive reconstruction, and DL E&C is likely to win contracts. Also holds a stake in X-Energy (SMR) worth about 1,000 billion won. Buy on pullbacks.
375500.KS MED
Lee Kwon-hee CEO, Economist 25:40
Samsung E&A plant reconstruction beneficiary.
Samsung E&A (formerly Samsung Engineering) has built most of the oil/gas facilities in the Middle East. Iran and UAE reconstruction will benefit the company directly. The stock is still undervalued relative to its project pipeline.
028050.KS MED
Lee Kwon-hee CEO, Economist 29:00
Doosan only nuclear vessel maker.
Doosan Enerbility is the only company capable of manufacturing nuclear reactor vessels (the 'killing part') and gas turbines. Order backlog is growing, and the stock is still cheap relative to peers like Hyundai E&C. Major catalysts include US FLNG orders and nuclear demand. Buy on dips.
034020.KS MED
Lee Kwon-hee CEO, Economist 31:16
Defense demand rising, Korean exports strong.
Defense sector is attractive due to rising global conflicts and strong demand for Korean weapons systems: KF-21, K2 tank, K9 howitzer, Cheongung missile. KAI and Hyundai Rotem are key. Poland local production for K2 tanks will set a standard in Eastern Europe. The sector is poised for a re-rating as export orders grow. The easiest way to play the theme is through a defense ETF.
ITA MED
Lee Kwon-hee CEO, Economist 34:50
Samsung Heavy FLNG orders coming.
Shipbuilding sector, specifically Samsung Heavy Industries, is poised for a big rally due to multiple FLNG orders from the US (each worth 4-6 trillion won, three expected). The stock has been dormant but these large contract wins could trigger a significant re-rating.
010140.KS MED
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This 3PRO TV (삼프로TV) video, published May 04, 2026, features Lee Kwon-hee discussing 000660.KS, 005930.KS, ^KS11, EWY, 005380.KS, POWL, Korean Power Equipment, 375500.KS, 028050.KS, 034020.KS, ITA, 010140.KS. 12 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lee Kwon-hee  · Tickers: 000660.KS, 005930.KS, ^KS11, EWY, 005380.KS, POWL, Korean Power Equipment, 375500.KS, 028050.KS, 034020.KS, ITA, 010140.KS