KOSPI: Has It Entered a Time Correction More Terrifying Than a Crash? 'Sell If This (?) Happens' / Don't Be Fooled by 'Long-Term Investment' | Baekmankemi Han Segoo Dangju

Summary

Baekmankemi Han Se-gu argues that KOSPI has entered a painful time correction, not a further price crash, and urges patience. He highlights positive rotation signals from semiconductors to non-semiconductor sectors and KOSDAQ’s textbook uptrend, while the broader bull market remains intact. He also dismantles the long-term-investing myth, advocating instead a situation-based selling discipline.

• KOSPI is in a time correction (sideways grind) rather than another plunge; supply/demand, not fundamentals, drives the market.
• Price correction is largely over because foreign investors have rebalanced and must buy again near these levels.
• Non-semiconductor and KOSDAQ names are showing strong technical uptrends, suggesting a sector rotation is beginning.
• The rotation can only sustain if semiconductors also shake out weak hands concurrently, which takes time.
• The overall Korean market is correcting the first wave of a longer bull trend; once the time correction ends, the uptrend will resume.
• Han advises investors to slow down, wait for clear signals, and ignore the dogma that long-term holding is always superior.