Korean Power Equipment Riding the AI Wave... AI Bottleneck Is 'Power Equipment More Than Memory' | Kwon Soon-woo, 3PRO TV Reporting Team Leader

Summary

Kwon Soon-woo discusses the Korean market's record market capitalization and argues it is not overvalued because corporate earnings are strong despite weak GDP growth. Lee Jo presents the bullish case for Korean power equipment, especially transformer makers, as an AI data-center power bottleneck, and also highlights ship engines as onsite power for data centers. The episode also covers US tech earnings, oil, the Fed, Google DeepMind's Seoul R&D center, and promotional items.

• US indexes hit record highs, with Big Tech earnings and semiconductor sentiment in focus.
• KOSPI market capitalization surpassed 6,600 trillion won; the Buffett indicator reached 218%, but the guest argues the market is not expensive on strong corporate fundamentals.
• Korean power equipment is presented as an AI bottleneck because transformer order backlogs extend for years and global leaders are fully booked.
• Hyosung Heavy Industries, LS Electric, and HD Hyundai Electric are discussed as beneficiaries of ultra-high-voltage transformer demand.
• Ship engines are highlighted as onsite power for data centers as gas turbine capacity fills; HD Hyundai Heavy Industries and Doosan Enerbility are named.
• Google DeepMind's planned Seoul R&D center and K-Moonshot collaboration are covered as news without a clear investment thesis.
• The episode ends with promotional segments for ribs and a denim shirt.