Is It Time for Semiconductors to Rise Again? Cyclical Market and Current Investment Strategy

Is it time for semiconductors to rise again? Cyclical market, what is the current market investment strategy? | Park Hyun-ji, Kim In-sik, Yeo Do-eun, Heo Jae-mu [Morning N Investment]
Watch on YouTube ↗  |  August 13, 2026 at 02:41  |  46:27  |  3PRO TV (삼프로TV)
Speakers
Park Hyun-ji — Manager
Kim In-sik — Deputy General Manager, ETF Marketing, Korea Investment Trust Management

Summary

Park Hyun-ji reviews the rotational Korean market and argues for diversified, focused ETFs rather than chasing short-term sector rotations, while also favoring added overseas US allocation and gold exposure. Kim In-sik sees Korean semiconductor earnings as the core support for KOSPI and views Korea's strategic industries as structural winners from global supply-chain reordering. He also highlights ACE Semiconductor Plus Strategic Industry ETF as a concentrated implementation and turns positive on gold due central-bank buying and safe-haven demand.

  • Park Hyun-ji says the market is improving but remains a choppy rotation with no sector trend lasting more than three days.
  • Park recommends diversified and sector-focused domestic ETFs over individual sector chasing and raises overseas/US allocation.
  • Park introduces TIMEFOLIO Korea Plus Dividend Active, RISE Large Cap High Dividend TR, SOL Korea Mega Tech Active, and RISE Korea Strategic Industry Active.
  • Kim In-sik sees elevated volatility but argues Samsung Electronics and SK hynix earnings fundamentals support KOSPI and limit downside.
  • Kim frames Korean semiconductors, shipbuilding, defense, nuclear, and robotics as structural beneficiaries of global supply-chain shifts and government policy support.
  • Kim details ACE Semiconductor Plus Strategic Industry ETF as a 40% semiconductor plus strategic-industry product with top-two stock selection per sector.
  • Kim turns positive on gold due central bank purchases, safe-haven flows, and easing Fed rate-hike pressure.
Ideas
Park Hyun-ji Manager 0:39
Accumulate Samsung and SK hynix on dips.
Despite elevated volatility, Korean semiconductor earnings fundamentals remain the core support for KOSPI. Samsung Electronics and SK hynix are expected to rise from about 60% to 80% of KOSPI operating profit, and 2027 DRAM/HBM supply is already sold out, which should limit downside and support the rebound.
005930.KS 000660.KS MED
Park Hyun-ji Manager 1:20
Raise US equity allocation over domestic.
From an asset-allocation standpoint, she wants to increase overseas equity exposure over domestic equities in the second half, pointing to the US market as an area of interest and noting the lack of domestic principal recovery.
SPY MED
Park Hyun-ji Manager 2:19
Gold miners are rebounding; add gold diversification.
War uncertainty and persistent oil strength are supporting gold demand. Gold miner ETFs had been resting and are rebounding, which she views as a reason to diversify into gold and alternative assets rather than holding only equities.
GDX MED
Park Hyun-ji Manager 2:19
Gold miners are rebounding; add gold diversification.
Gold is positive because structural demand is returning. Central banks bought about 300 tons in Q2, speculative futures positioning has turned back to net buying, and safe-haven demand is rising while US employment and inflation data reduce Fed rate-hike pressure and shift expectations toward freeze or cuts.
GLD MED
Park Hyun-ji Manager 4:28
KODEX 200 lacks edge; prefer focused ETFs.
KODEX 200 is not an attractive core vehicle in the current market because it has historically large drawdowns and excessive concentration in certain sectors. She prefers more focused strategic-sector or earnings-driven ETFs over plain KODEX 200.
KODEX 200 ETF MED
Park Hyun-ji Manager 12:54
Active rotation and dividend diversification ETF.
TIMEFOLIO Korea Plus Dividend Active ETF is a domestic rotational product that increases leading stocks in rising markets and shifts toward dividend stocks in falling markets, paying special dividends. It holds Samsung Electronics and SK hynix at the top and adds financial holding companies for diversification, with active management adjusting flexibly.
TIMEFOLIO Korea Plus Dividend Active ETF MED
Park Hyun-ji Manager 14:03
Total-return high-dividend ETF for pension compounding.
RISE Large Cap High Dividend TR ETF is a total-return product that does not pay cash dividends but automatically reinvests them. It is concentrated in the top 10-11 Korean large caps with a high Samsung and SK hynix weight but still has broader lower holdings, making it suitable for pension accounts seeking compounding.
RISE MED
Park Hyun-ji Manager 15:14
Active mega-trend asset allocation ETF.
SOL Korea Mega Tech Active ETF is an asset-allocation active ETF that follows overall Korean mega trends rather than only strategic industries. It holds Samsung Electronics and SK hynix with platform-related names, and active management has produced relatively strong performance.
SOL Korea Mega Tech Active ETF MED
Park Hyun-ji Manager 16:27
Active six-strategic-industry rotation ETF.
RISE Korea Strategic Industry Active ETF designates six strategic industries and rotates within them, offering active exposure to Korea's strategic sectors rather than forcing investors to pick individual names.
RISE Korea Strategic Industry Active ETF MED
Kim In-sik Deputy General Manager, ETF Marketing, Korea Investment Trust Management 32:24
Global supply-chain shift favors Korean strategic industries.
Korea's strategic industries including shipbuilding, defense, nuclear and robotics are structural long-term beneficiaries of global supply-chain reordering away from lowest-cost outsourcing toward security and stability. Korea has dominant positions such as 91% LNG carrier orders, 69% K9 export share and low-cost nuclear construction, with government policy support reinforcing investment.
Korean Shipbuilding Korean Defense Korean nuclear Korean Robotics HIGH
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This 3PRO TV (삼프로TV) video, published August 13, 2026, features Park Hyun-ji, Kim In-sik discussing 005930.KS, 000660.KS, SPY, GDX, GLD, KODEX 200 ETF, TIMEFOLIO Korea Plus Dividend Active ETF, RISE, SOL Korea Mega Tech Active ETF, RISE Korea Strategic Industry Active ETF, Korean Shipbuilding, Korean Defense, Korean nuclear, Korean Robotics. 10 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Hyun-ji, Kim In-sik  · Tickers: 005930.KS, 000660.KS, SPY, GDX, GLD, KODEX 200 ETF, TIMEFOLIO Korea Plus Dividend Active ETF, RISE, SOL Korea Mega Tech Active ETF, RISE Korea Strategic Industry Active ETF, Korean Shipbuilding, Korean Defense, Korean nuclear, Korean Robotics