Let's Make Money Too: Retail Trading Value Triples in a Year

"나도 벌어보자"…개미 거래대금 1년새 3배
Watch on YouTube ↗  |  February 03, 2026 at 08:16  |  1:06:48  |  Chesley Investment Advisory (체슬리투자자문)
Speakers
Park Se-ik — CEO, ex-Chief Strategist

Summary

Park Se-ik reviews February 3 newspaper articles and market action, focusing on AI-driven memory chipflation. The show argues that rising DRAM/NAND prices benefit memory makers such as Samsung Electronics, SK hynix, Micron, and SanDisk while pressuring downstream hardware and low-end Chinese phone makers. It also highlights premium Samsung/Apple resilience, Alteogen’s SC-platform commercialization, and a record retail trading boom that supports KOSPI but may keep volatility high.

  • Market rebounded after a sharp decline, but volatility remains high.
  • China is expanding offshore yuan loans and digital yuan use, a slow de-dollarization theme.
  • AI-driven memory chipflation is lifting DRAM/NAND prices and memory makers.
  • Downstream PC, phone, auto, TV, medical, and industrial hardware face margin pressure.
  • Low-end Chinese smartphone brands are vulnerable; premium Samsung and Apple may gain.
  • Alteogen’s Keytruda SC commercialization drove record earnings and margin gains.
  • Korean retail trading value tripled and deposits hit records, supporting KOSPI but with caution.
  • The host advises focusing on portfolio fundamentals rather than chasing volatile moves.
Ideas
Park Se-ik CEO, ex-Chief Strategist 37:48
Memory inflation hurts Chinese budget phones.
Low-end Chinese smartphone brands are the most vulnerable to memory price inflation because they have thin margins and limited pricing power. The article says Xiaomi and Transsion are cutting shipments and Transsion’s profit plunged; the host adds that Xiaomi’s stock is weak, making these names unattractive.
1810.HK 688036.SS MED
Park Se-ik CEO, ex-Chief Strategist 46:43
Alteogen platform commercialization worth monitoring.
Alteogen’s ALT-B4 subcutaneous conversion platform has entered commercialization through Keytruda SC, driving record sales and a sharp margin improvement. Additional J-code-driven SC adoption and global partner pipelines could expand royalties and milestones, but biotech volatility makes this a developing setup to monitor.
196170.KQ MED
Park Se-ik CEO, ex-Chief Strategist 57:03
Memory shortage lifts memory chip makers.
Memory prices are surging because AI data-center demand and the shift to HBM/server DRAM are tightening legacy DRAM and NAND supply, creating chipflation. The speaker says Micron, SanDisk, Samsung Electronics, and SK hynix are already strong and that memory makers with pricing power and supply should benefit.
000660.KS MU SNDK HIGH
Park Se-ik CEO, ex-Chief Strategist 57:03
Memory costs hurt downstream hardware makers.
The same memory-cost surge is negative for downstream hardware makers that must buy DRAM and NAND. PCs/notebooks, smartphones, autos, TVs/home appliances, network/telecom equipment, industrial equipment, and medical devices face margin compression and price increases, so the speaker says investors should identify what to sell in their portfolios.
Notebook/PC makers Smartphone OEMs Automakers TV/home appliance makers Network/telecom equipment makers Industrial equipment makers IHI HIGH
Park Se-ik CEO, ex-Chief Strategist 57:03
Memory shortage lifts memory chip makers.
As memory inflation squeezes low-end Chinese phone makers, premium Samsung and Apple can defend volumes because they already have higher margins. Samsung is especially advantaged because it internally produces memory, displays, and APs through its foundry, so it can absorb or offset component-cost increases better than competitors.
005930.KS AAPL HIGH
Park Se-ik CEO, ex-Chief Strategist 57:54
KOSPI supported by retail, but volatile.
Retail trading value tripled to KRW 273tn in January, deposits hit a record KRW 106tn, credit balances topped KRW 30tn, and active accounts passed 100m. The article’s quoted analyst says FOMO inflows and semiconductor earnings upgrades can keep the KOSPI uptrend alive, but the host notes the US 10-year yield is not falling and pre-Lunar New Year volatility may limit a sharp rally.
^KS11 MED
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This Chesley Investment Advisory (체슬리투자자문) video, published February 03, 2026, features Park Se-ik discussing 1810.HK, 688036.SS, 196170.KQ, 000660.KS, MU, SNDK, Notebook/PC makers, Smartphone OEMs, Automakers, TV/home appliance makers, Network/telecom equipment makers, Industrial equipment makers, IHI, 005930.KS, AAPL, ^KS11. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Se-ik  · Tickers: 1810.HK, 688036.SS, 196170.KQ, 000660.KS, MU, SNDK, Notebook/PC makers, Smartphone OEMs, Automakers, TV/home appliance makers, Network/telecom equipment makers, Industrial equipment makers, IHI, 005930.KS, AAPL, ^KS11