Won's Value So Severe... Unprecedented US Verbal Intervention

원화값, 오죽했으면…초유의 미 구두개입
Watch on YouTube ↗  |  January 16, 2026 at 07:04  |  1:10:50  |  Chesley Investment Advisory (체슬리투자자문)
Speakers
Park Se-ik — CEO, ex-Chief Strategist

Summary

Park Se-ik reviews the January 16 newspaper and answers viewer questions on portfolio products, MSCI inclusion, housing policy, and inverse ETFs. The main market stories are the unprecedented US verbal intervention in the won, Trump's tariff on Nvidia AI chips shipped to China, financial globalization and overseas equity buying, and TSMC's strong earnings versus Korean semiconductor challenges. Key implications include staying bearish on won weakness, diversifying globally, watching the Samsung Epis Holdings MSCI event, and favoring SK hynix's HBM exposure while avoiding KOSPI inverse bets.

  • Park Se-ik hosts a daily newspaper review with viewer Q&A.
  • Samsung Epis Holdings was highlighted for an MSCI inclusion event on February 11 and February 17.
  • Housing policy discussion favored scarce Seoul and Gangnam apartments over demand-suppression measures.
  • US verbal intervention on the won had limited effect; structural dollar demand keeps USD/KRW elevated.
  • Trump's 25% tariff on Nvidia AI chips to China raises potential tariff risks for Korean semiconductors.
  • Financial globalization supports more overseas equity diversification by Korean investors.
  • TSMC's record results and advanced packaging strengthen the case for SK hynix's HBM demand.
  • A behavioral column advised setting target returns and checking portfolios less frequently.
Ideas
Park Se-ik CEO, ex-Chief Strategist 3:22
MSCI event drives Samsung Epis Holdings
Samsung Epis Holdings is undervalued and offers an event-driven opportunity around MSCI index inclusion. MSCI will decide on February 11 and include the stock on February 17, and past inclusions such as Hanwha Aerospace and LS Electric can be studied for how shares traded around the event. Investors can either trade the event or accumulate a quality company on weakness.
Samsung Epis Holdings HIGH
Park Se-ik CEO, ex-Chief Strategist 12:05
Seoul apartments stay scarce and rise
Korean government policies that suppress demand rather than increase supply will not bring housing prices down. Global liquidity and inflation push capital into scarce real assets, and without more supply, demand for scarce Seoul and Gangnam apartments will keep prices rising. Investors should not blindly follow government housing-price policy.
Seoul/Gangnam apartments HIGH
Park Se-ik CEO, ex-Chief Strategist 28:10
Avoid KOSPI inverse ETFs
Betting on a KOSPI decline through inverse or double-inverse ETFs is dangerous. The market has surged, and bearish retail investors may keep getting squeezed until they capitulate. Past episodes like COVID-19 showed many investors got stuck buying inverse products near lows.
KOSEF MED
Park Se-ik CEO, ex-Chief Strategist 34:37
USD/KRW remains structurally supported
The won remains structurally weak despite unprecedented US verbal intervention. Korean investor dollar demand, the Bank of Korea's rate freeze, and coming FX-market opening for MSCI developed-market inclusion may limit the government's ability to stabilize the currency, keeping USD/KRW elevated.
USD/KRW MED
Park Se-ik CEO, ex-Chief Strategist 45:18
Global diversification is the right allocation
Financial globalization is accelerating, and Korean investors remain under-allocated overseas. International diversification offers higher return opportunities and better risk reduction, and Seohak ants are likely to keep increasing purchases of overseas, especially US, equities. The article argues Korea's optimal foreign asset share is far above current levels.
VT HIGH
Park Se-ik CEO, ex-Chief Strategist 56:43
TSMC leads in AI foundry
TSMC is strengthening its foundry dominance with record quarterly results, more than 70% market share, advanced packaging advantages, and about 50% operating margins. AI demand from major customers is concentrating production at TSMC, giving it stronger pricing power and supporting its earnings momentum.
TSM MED
Park Se-ik CEO, ex-Chief Strategist 60:19
SK hynix benefits from HBM demand
SK hynix is relatively positive because TSMC-centered AI semiconductor production expands demand for high-performance memory. HBM is essential for AI accelerators, and SK hynix is a key HBM supplier, so it should benefit as AI chip production grows.
000660.KS MED
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This Chesley Investment Advisory (체슬리투자자문) video, published January 16, 2026, features Park Se-ik discussing Samsung Epis Holdings, Seoul/Gangnam apartments, KOSEF, USD/KRW, VT, TSM, 000660.KS. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Se-ik  · Tickers: Samsung Epis Holdings, Seoul/Gangnam apartments, KOSEF, USD/KRW, VT, TSM, 000660.KS