7 Circuit Breakers This Year, 35 Trillion Won Credit Balance... Korean Market Collapses into Speculation / '3 Triggers' to End the Crash | Team Lead Hwang Yu-hyun

올해 서킷브레이커 7번, 신용잔고 35조.. 투기 판으로 무너지는 한국 증시 / 폭락장 끝낼 트리거 '3가지'ㅣ황유현 팀장

Watch on YouTube ↗ | July 14, 2026 at 08:45 | 21:15 | 815 Money Talk (815머니톡)

Speakers

Hwang Yoo-hyun — Private Banker Team Lead, NH Investment & Securities

Summary

Hwang Yu-hyun, team lead at Shinhan Investment, argues that single-stock leverage ETFs and elevated credit balances have turned the Korean market into a speculation-driven battlefield. He sees Samsung Electronics and SK hynix as deeply undervalued and poised for a sharp rebound once foreign futures accumulation and regulatory reform kick in. He also watches for a KOSDAQ turnaround if ETF rules change and for semiconductor equipment stocks to rally after the large-cap semis stabilize.

Seven circuit breakers this year are attributed mainly to extreme volatility from single-stock leverage ETFs.
Credit balances remain high at 35 trillion won, raising systemic risk of forced selling if prices drop further.
Samsung Electronics and SK hynix are viewed as fundamentally cheap with foreign futures accumulation signaling an imminent sharp rebound.
Regulatory reform on leveraged ETFs is seen as a critical catalyst that could unlock a recovery in battered KOSDAQ stocks.
Stabilization of large-cap semiconductor names is a prerequisite for rotation into KOSDAQ equipment/materials, battery, and biotech plays.
Investor sentiment has collapsed, with many retail investors exiting the market due to casino-like conditions and stress.

Ideas

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 3:48

KOSDAQ rebound likely if ETF reform passes

Many KOSDAQ stocks have been heavily sold off (down 50%) not because of fundamental problems but due to systemic distortions from single-stock leverage ETFs. If regulatory reform curbs these ETF distortions, the empty supply conditions (빈집) will enable a powerful rebound in the broader KOSDAQ market, which has already been cleaned out of weak hands.

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 10:29

Semiconductor leaders undervalued, sharp rebound possible

Samsung Electronics and SK hynix are fundamentally cheap with valuations, technicals, and sentiment at extremes. Foreign investors are accumulating KOSPI futures (2 trillion won notional) and any stabilization of the KRW/USD exchange rate below 1,500 could trigger heavy foreign buying. Upcoming shareholder return announcements from both companies, together with easing of single-stock ETF distortions, provide catalysts for a sharp rebound. The stocks are not merely multiple-expansion plays like previous speculative themes; their earnings justify higher prices.

Hwang Yoo-hyun Private Banker Team Lead, NH Investment & Securities 20:08

Semi equipment sector rebounds after semis stabilize

Once Samsung Electronics and SK hynix stabilize and stop falling, rotation trades will become viable in heavily sold-down KOSDAQ sectors such as semiconductor materials/parts/equipment (소부장). These stocks were hit indiscriminately but will see buying interest return as the broader risk-off environment eases, creating a sustainable bounce in the equipment and materials space.

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This 815 Money Talk (815머니톡) video, published July 14, 2026, features Hwang Yoo-hyun discussing KOSDAQ Index, 005930.KS, 000660.KS, Korea Semiconductor Equipment/Materials Sector. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Hwang Yoo-hyun · Tickers: KOSDAQ Index, 005930.KS, 000660.KS, Korea Semiconductor Equipment/Materials Sector