America's "Reducing China Battery" Alternative Is Still South Korea | Lee Jong-won, Hana Securities Sales Dept. 1 WM Center Team Leader

America's "Reducing China Battery" Alternative is Still South Korea | Lee Jong-won, Hana Securities Sales Dept. 1 WM Center Team Leader [Double Crew]
Watch on YouTube ↗  |  April 29, 2026 at 01:40  |  19:24  |  3PRO TV (삼프로TV)
Speakers
Lee Jong-won — Team Lead, WM Center, Hana Securities

Summary

Lee Jong-won of Hana Securities presents his May market playbook, starting with foreign KOSPI 200 futures positioning that points to continued upside. He reviews event risks including the MSCI review, BSDA defense exhibition, US-China summit, CPI, and ASCO. His main investment preference is ESS and Korean battery suppliers, especially Samsung SDI, with LG Energy Solution and L&F cited as beneficiaries of US efforts to reduce reliance on Chinese batteries.

  • Foreign KOSPI 200 futures positioning implies an upside bet above 1080 by next expiry.
  • May event calendar includes MSCI review, BSDA defense exhibition, US-China summit, CPI, and ASCO.
  • Korean defense may see order or deal news around BSDA, with Hanwha Aerospace as largest sponsor.
  • Korean biotech is lagged; ASCO and licensing deals are potential catalysts but sentiment is weak.
  • ESS is his top sector for the year due to US policy against Chinese batteries and data-center demand.
  • Samsung SDI is his preferred battery name on solid-state and LFP ESS progress.
  • LG Energy Solution and L&F are cited as supply-chain beneficiaries.
  • He sees mid-May macro volatility as a risk but not a change in the broader uptrend.
Ideas
Lee Jong-won Team Lead, WM Center, Hana Securities 2:13
Foreign positioning supports further KOSPI 200 upside.
Foreign investors' KOSPI 200 futures and options positioning is structured to produce sharply higher profits if KOSPI 200 futures rise above 1080 by the next monthly expiry, while the index is around 995. This indicates an aggressive upside bet and supports confidence that the Korean market can keep rising despite high-level anxiety.
KOSPI 200 futures HIGH
Lee Jong-won Team Lead, WM Center, Hana Securities 6:14
BSDA may catalyze Korean defense orders.
The BSDA defense exhibition is a major event where domestic Korean defense companies could announce orders or deals. Hanwha Aerospace's role as the largest sponsor suggests internal expectations, making Korean defense a catalyst-driven watch.
Korean defense sector MED
Lee Jong-won Team Lead, WM Center, Hana Securities 6:29
Hanwha Aerospace has BSDA sponsor edge.
Hanwha Aerospace is the largest sponsor of this year's BSDA defense exhibition, so it may receive particular attention and potential order or deal news around the event, giving it a company-specific catalyst within Korean defense.
012450.KS MED
Lee Jong-won Team Lead, WM Center, Hana Securities 8:16
ASCO may revive lagged Korean biotech.
Korean biotech is the most lagged area, and ASCO at the end of May plus possible large licensing deals could revive investor interest. However, recent clinical disappointments at companies such as ABL Bio have lowered expectations, so it is a watch rather than a clean buy.
Korean biotech sector MED
Lee Jong-won Team Lead, WM Center, Hana Securities 10:40
ESS is top Korean battery theme.
ESS is his best sector for the year. China dominates global and US ESS supply, but US security concerns, a 59% Chinese battery tariff, and AMPC credits favor Korean producers. Data-center ESS demand is growing fast, with the market expected to grow about 47% this year and continue growing, and Korean firms are early in capturing that growth.
ESS KARS HIGH
Lee Jong-won Team Lead, WM Center, Hana Securities 13:12
Samsung SDI preferred on solid-state and ESS.
Samsung SDI is his preferred Korean battery name because it is advancing solid-state batteries fastest in Korea and is ramping LFP ESS from the second half, with L&F as a domestic cathode and anode supplier. He sees further upside and thinks it can retry its August 2021 high, helped by abundant liquidity and ESS growth offsetting EV battery weakness.
006400.KS HIGH
Lee Jong-won Team Lead, WM Center, Hana Securities 13:12
LG Energy Solution leads ESS beneficiary shift.
LG Energy Solution is one of the Korean battery leaders expected to benefit most from the US push away from Chinese batteries. Its cathode supplier is currently Chinese, and it is expected to diversify toward domestic suppliers, adding a supply-chain improvement angle.
373220.KS MED
Lee Jong-won Team Lead, WM Center, Hana Securities 13:39
L&F supplies Samsung SDI US ESS.
L&F is positioned as a domestic supplier to Samsung SDI's LFP ESS chain. It is expanding next-generation anode and LFP cathode capacity in Daegu, with output planned for Samsung SDI ESS entering the US, giving it a specific supply-chain lever to the US ESS localization theme.
L&F MED
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3PRO TV (삼프로TV) · Apr 29

This 3PRO TV (삼프로TV) video, published April 29, 2026, features Lee Jong-won discussing KOSPI 200 futures, Korean defense sector, 012450.KS, Korean biotech sector, ESS, KARS, 006400.KS, 373220.KS, L&F. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lee Jong-won  · Tickers: KOSPI 200 futures, Korean defense sector, 012450.KS, Korean biotech sector, ESS, KARS, 006400.KS, 373220.KS, L&F