Why You Should Follow What Others Are Buying | Kwon Taek-joong, Manager at The Centerfield W

Summary

Kwon Taek-joong, a manager at The Centerfield W, frames the Korean market as volatile but not yet a full-risk buying opportunity. He recommends limited dip-buying now and then buying in earnest before the Lunar New Year, favoring Samsung Electronics and SK hynix first because they drive KOSPI earnings and passive flows. He also outlines a tactical KOSDAQ rebound, policy-driven KOSDAQ re-rating optionality, overdone US SaaS software fears, and real-estate-to-equity flows.

• Korean equities face margin-credit stress and sharp volatility, but liquidity remains abundant.
• The speaker favors initial small buying and then buying in earnest before the Lunar New Year.
• Samsung Electronics and SK hynix are the preferred first buys because they dominate KOSPI earnings.
• KOSDAQ is viewed as a tactical rebound trade, with policy reform as a longer-term re-rating optionality.
• KOSDAQ secondary battery and biotech names are less attractive without earnings support.
• The speaker sees the US SaaS/software selloff on AI fears as overdone.
• Real-estate asset rotation and potential tax incentives could support Korean equities.