Over the Last 10 Days, Foreigners Bought 11 Trillion Won in KOSPI… The Reason Institutions Are Betting on Futures Since Yesterday (Bear Market) – CEO Lee Kwon-hee

Summary

CEO Lee Kwon-hee explains the forces behind the recent KOSPI rally driven by heavy foreign buying and a shift in institutional futures positioning. He highlights AI capex fears that hit US big tech while Korean memory and semiconductor equipment stocks remain buoyant. Key stock ideas include memory leaders, OCI Holdings, Hyosung TNC, Yuhan, Alteogen, and caution on overbought SK IE Technology.

• US big tech sold off on capex worries, but Korean memory stocks shrugged it off as AI demand drives a semiconductor shortage into next year.
• Foreign investors have bought 11 trillion won in KOSPI over 10 days, while institutions are now aggressively buying futures, signaling stronger upside.
• SK hynix and Samsung Electronics are direct beneficiaries of sustained chip demand and foreign inflows.
• Semiconductor equipment names (Techwing, PSK, Wonik IPS) could rotate higher after a soft day.
• OCI Holdings has sold out contracts until 2029, entering an upcycle; Hyosung TNC profits from a spandex upcycle into next year.
• Naver is undervalued and may get a catalyst from an NVIDIA alliance; watch for a break above 300,000 won.
• SK Telecom rides the AWS cloud demand story; Yuhan’s massive buyback/cancellation implies a 10–15% price pop.
• Alteogen and PharmaResearch are benefiting from specific positive catalysts; SK IE Technology should be avoided after a parabolic surge.