Extreme Market Concentration.. What Stocks Will Make You Money in This Bull Market Now? / Can NAVER·Kakao Surge Further? | CEO Kim Min-soo

Summary

CEO Kim Min-soo of Lemon Research discusses extreme market concentration in Korean equities, arguing that only leading stocks like Samsung Electronics, SK hynix, and MLCC makers will continue to rise. He advises against chasing beaten-down small caps and recommends reducing positions in Naver after its recent rally. He also highlights Hyundai AutoEver as a promising software-driven SI play for the long term.

• Extreme concentration favoring a few large-cap stocks like Samsung Electronics and SK hynix.
• Memory cycle is structural, not cyclical, supporting further upside for Samsung and SK hynix.
• Passive component shortage benefits Samsung Electro-Mechanics and LG Innotek.
• Naver's surge is unsustainable; reduce positions on strength.
• Hyundai AutoEver is a high-margin software play in autonomous driving and robotics.
• KOSDAQ remains weak and needs policy support before a sustained recovery.
• Broad AI hardware theme is dominant but not easily tradeable via named ETF.
• SI stocks like Samsung SDS and Lotte Innovate are cheap but lack near-term catalysts.