I'll tell you why and on what basis Samsung Electronics and SK Hynix should hold on. / A market with high fatigue, you'll regret it if you get shaken out now.

Summary

CEO Lee Kwon-hee explains that the recent sharp decline in the Korean market is due to supply-demand dynamics and ETF-driven volatility, not fundamental weakness. He strongly advises holding Samsung Electronics and SK Hynix, backing the view with detailed arguments on free cash flow, memory supply shortages, LTA contract reality, and upcoming earnings catalysts. He warns against the use of leveraged ETFs and expects a gradual bottoming process.

• Market weakness is attributed to ETF flows and technical factors, not deteriorating fundamentals.
• Samsung Electronics and SK Hynix have strong free cash flow and very attractive valuations.
• Memory supply shortage is expected to persist and worsen through 2027, supporting prices and margins.
• LTA contracts are being signed at favorable prices, refuting the 'sacrificial LTA' fear.
• Upcoming second-quarter earnings and shareholder return announcements may act as positive catalysts.
• Leveraged and inverse ETFs are harmful, with individuals repeatedly losing money while foreign players exploit them.
• The KOSPI is expected to form a W-bottom around the 7,800 level, justifying patience and holding positions.