Should I buy now?" Those who endure FOMO will seize the June opportunity | Kang Seong-ho, Park Ga-young, Yeom Seung-hwan [Stock Beginner Rescue Team]

Summary

Yeom Seung-hwan, Director at LS Securities, analyzes the extreme market polarization in May, where KOSPI surged on semiconductor strength while KOSDAQ plummeted due to single-stock leverage ETFs. He stresses that semiconductors are the must-own sector for the bull market and sees KOSDAQ's weakness as a temporary liquidity issue that will reverse by autumn with policy support. For robotics, he recommends Hyundai Motor Group (especially Kia) over expensive small-cap plays, and warns against chasing LG Electronics after its triple. He also discusses the impact of SpaceX's IPO and Korea's rate hikes.

• The May market showed extreme K-shaped disparity: KOSPI hit record highs led by Samsung/Hynix, while KOSDAQ fell 13%.
• Leverage ETFs on single stocks amplified the liquidity drain from KOSDAQ semiconductor equipment stocks.
• Yeom advises holding or buying semiconductor stocks (Samsung, SK Hynix) as the core portfolio holding.
• KOSDAQ semiconductor equipment names are temporarily depressed but fundamentally sound; they will recover once the leverage effect ends.
• Hyundai Motor Group (especially Kia) is the preferred robotics play due to proven industrial applications and attractive valuation.
• Naver is range-bound between 20,000-25,000 won with no near-term catalyst for a breakout.
• LG Electronics has already priced in its robotics story and faces high execution risk in home-use robots.
• The upcoming SpaceX IPO on June 12 may create short-term volatility but is not a fundamental threat.