포기하지 마세요.. 정부가 밀어주는 코스닥의 진짜 상승장은 ‘이때부터’ / 트럼프도 못 막는 신재생에너지, 주목해야 할 이유ㅣ염승환 이사

Summary

Director Yeom Seung-hwan of LS Securities discusses KOSDAQ's outlook driven by government activation policies, renewable energy (especially offshore wind), shipbuilding, and ESS/battery sectors. He advises not to give up on KOSDAQ and highlights specific stocks and themes for the second half. The US-China summit and geopolitical risks are seen as manageable near-term.

• KOSDAQ should benefit from government activation policies and a national growth fund.
• Offshore wind power in Korea is a laggard with strong policy backing.
• Shipbuilding stocks are undervalued with LNG and defense catalysts.
• ESS and Korean battery makers gain from data center demand and US policy shift away from Chinese batteries.
• The US-China summit is not expected to have a large market impact.
• Geopolitical and oil price risks are deferred for now.
• Investors should not give up on KOSDAQ and consider active ETFs or select healthcare names.
• Market leadership remains with AI infrastructure and energy themes.