The More the Market Shakes, the More Important Rebalancing Is | Park Byeong-chang, MP Partners CEO [Market Inside]

Watch on YouTube ↗  |  May 19, 2026 at 00:31  |  41:49  |  3PRO TV (삼프로TV)
Speakers
Park Byeong-chang — Director, MP Partners

Summary

Park Byeong-chang, Director at MP Partners, discusses the volatile market driven by high interest rates, geopolitical risks (Iran), and semiconductor sector corrections. He emphasizes the importance of rebalancing portfolios and focusing on AI/tech/policy stocks while avoiding domestic consumption sectors. He also reviews Q1 earnings, noting 548% operating profit growth in semiconductors but weakness in autos and domestic demand. The host and guest touch on specific stocks like Samsung Electronics, SK hynix, and Hyundai Motor Group.

  • Market volatility spiked due to high bond yields and geopolitical uncertainty.
  • AI and semiconductor sectors are seen as the main growth engines.
  • Domestic consumption sectors (food, transport, construction) showed weak earnings.
  • Rebalancing and waiting is recommended rather than active trading.
  • Institutional buying helped the Korean market rebound on Monday.
  • Hyundai Motor Group stocks underperformed due to Boston Dynamics IPO timeline.
  • Trump's stock trades and possible Iran attack were discussed as market factors.
  • Anthropic's pricing shift to usage-based model could boost AI spending.
Trade Ideas
Park Byeong-chang Director, MP Partners 4:42
Long Korean semiconductor stocks for growth.
The speaker is bullish on Korean semiconductor stocks, driven by strong earnings growth (548% operating profit increase) and the structural demand from AI and technology spending. He argues that AI growth can offset the drag from high interest rates, and that semiconductors will continue to lead the market. He advises investors to hold AI, tech, and policy-related stocks rather than cyclical sectors.
Korean semiconductor stocks HIGH
Park Byeong-chang Director, MP Partners 36:12
Avoid Korean domestic consumption stocks.
The speaker is bearish on Korean domestic consumption stocks, including food & beverage, transportation, construction, and auto sectors. He highlights that Q1 earnings for these sectors showed negative or very low growth (sales +2.3%, operating profit -9.4%) while export-oriented sectors like semiconductors boomed. He advises avoiding these domestic demand names and focusing on export/AI themes.
Korean domestic consumption stocks HIGH
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This 3PRO TV (삼프로TV) video, published May 19, 2026, features Park Byeong-chang discussing Korean semiconductor stocks, Korean domestic consumption stocks. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Byeong-chang  · Tickers: Korean semiconductor stocks, Korean domestic consumption stocks