The era of 'Samsung and SK Hynix 2x' investment… Which asset manager should we choose?

Summary

Park Se-ik reviews news on Korean dividend trends, won weakness, and the launch of Samsung/SK Hynix single-stock leveraged ETFs. He endorses the view that Samsung and SK Hynix remain undervalued relative to global semiconductor peers, supported by the AI supercycle and strong dividends. He warns about the risks of leveraged ETFs and shares his investment philosophy of avoiding greed.

• Korean dividend landscape shifting from financials to semiconductors and shipbuilding, with Samsung and SK Hynix leading.
• Dividend ETF assets have doubled in 5 months to over 12 trillion won.
• Won hit 16-year lows despite reduced overseas equity buying by Korean investors.
• Chinese companies increasing M&A of foreign consumer brands to escape domestic competition.
• Global semiconductor top 10 analysis shows Samsung and SK Hynix have attractive valuations and high margins.
• First single-stock leveraged/inverse ETFs for Samsung and SK Hynix launch, with fee war among asset managers.
• Park warns that leveraged ETFs suffer from volatility decay and are unsuitable for long holding.
• Market is strong with KOSPI up ~90% YTD, driven by AI semiconductor demand.