Even Super Ants Struggle with Volatility… 'This Stock' You Must See to Make Money / How the Market Will Flow in the Future (Super Ant Nam Seok-gwan Full Interview)

Summary

Chairman Nam Seok-gwan assesses the extremely volatile Korean market, arguing that the KOSPI is distorted by leveraged ETF trading and that the near-term trend is bearish. He advises investors to rest, reduce positions on any bounce, and avoid Samsung Electronics and SK Hynix for now. He also sees a broken uptrend in U.S. tech and recommends watching Micron and SanDisk as leading indicators for a potential rebound in Korean memory stocks.

• KOSPI collapsed from 9,300 to 6,500; a short-term bounce to 7,500–7,800 is possible but the long-term trend has turned bearish.
• Nam Seok-gwan recommends most investors rest and use any rally to reduce risk rather than add positions.
• Samsung Electronics and SK Hynix appear cheap on earnings but face heavy overhead supply and inconsistent institutional/retail flows, making a quick recovery unlikely.
• Leveraged ETFs have eroded long-term investment incentives, turning the Korean market into a short-term trading arena.
• The U.S. tech trend has broken; even good earnings are being sold, and he has liquidated most of his U.S. exposure.
• A turnaround in Micron Technology and SanDisk would be an early signal that Korean memory stocks can mount a meaningful rebound.
• The AI era is not over, but near-term corrections require patience and disciplined exit strategies.