Drop the Bias That It Has Risen Too Much: A Truly Stronger Bull Market Is Coming / Is the 29th a Day of Destiny? Will It Start a New Surge? | Park Hyun-sang, Manager

[#찐시황] 많이 올랐다는 편견을 버려라. 진짜 더 센 강세장이 온다 / 29일은 운명의 날.. 새로운 급등장의 시작이 될까? | 박현상 부장

Watch on YouTube ↗ | January 27, 2026 at 11:01 | 26:24 | 815 Money Talk (815머니톡)

Speakers

Park Hyun-sang — Deputy Head

Summary

Park Hyun-sang, Manager at Yuanta Securities Bucheon Branch, says the Korean market's KOSPI close above 5,000 and KOSDAQ surge are being driven by massive liquidity leaving deposits and real estate. He expects the bull market may not be over, with KOSDAQ potentially heading toward 1,500, and favors owning both KOSPI and KOSDAQ ETF exposure. He highlights semiconductors, brokerages, retail-favored KOSDAQ axes, autos, power equipment, and banks, while warning about crowded positioning and keeping some cash.

KOSPI closed above 5,000 and KOSDAQ rallied sharply, which Park Hyun-sang reads as a strong liquidity-driven market.
He sees institutional/program and retail ETF flows, including surging leveraged ETF demand, supporting both KOSPI and KOSDAQ.
He advises holding both KODEX Leverage and KODEX KOSDAQ 150 rather than choosing between them.
He favors Samsung Electronics, SK hynix, brokerage stocks, and the retail-favored KOSDAQ axes of semiconductor equipment/materials, biotech, and secondary batteries.
He flags Hyundai Motor's tariff-driven lower tail, banks' dividend/product-account setup, electric power equipment strength, and stablecoin-theme momentum.
Key upcoming catalysts include the January 29 Fed decision, Microsoft/Tesla/Meta earnings, and Samsung/SK hynix results.
He warns about one-sided crowding and recommends keeping cash and trading around positions.

Ideas

Park Hyun-sang Deputy Head 0:55

KOSDAQ inflows point to further upside.

KOSDAQ is entering a relative-performance game as financial investment, program, and ETF money pours in; institutions bought a record 1.69 trillion won in KOSDAQ. Historical KOSPI/KOSDAQ ratio comparisons suggest KOSDAQ could reach 1,500, and retail ETF flows are still not fully deployed. It may be crowded, but it does not look finished immediately.

Park Hyun-sang Deputy Head 4:21

Own both KOSPI and KOSDAQ ETFs.

Rather than choosing between KOSPI leveraged exposure and KOSDAQ exposure, hold both. Institutional/program buying and retail ETF demand are supporting both markets; leveraged ETF demand is so strong that the required education site crashed. This is a paired implementation of his view that both KOSPI and KOSDAQ can rise.

Park Hyun-sang Deputy Head 6:02

Liquidity surge can fuel stronger Korean bull.

The Korean equity market is being driven by an enormous wave of liquidity leaving bank deposits and real estate, with retail ETF and leveraged ETF demand surging. Real-estate super-rich money has not yet entered the market; if even a small portion moves into stocks, the current strong bull market could become far stronger. KOSPI closed above 5,000 and the market can continue to surprise on the upside.

Park Hyun-sang Deputy Head 8:55

Samsung and SK hynix uptrend remains intact.

Samsung Electronics and SK hynix are strong on earnings and foreign buying; SK hynix rose 8% with a Citi report targeting 1.4 million won. Large caps at new highs have little supply, so foreign selling gets absorbed and even small buying can sharply lift prices. The common bias that they are too expensive has been wrong.

Park Hyun-sang Deputy Head 13:50

Hyundai shows tariff downside absorption.

Hyundai Motor was hit by a 25% tariff headline but recovered to leave a lower tail, suggesting the bad news was absorbed. Autos remain one of the sectors he flagged, and the tariff negotiation outcome is a key catalyst that could lead to a better result, so the name is a setup to watch rather than a clean short.

Park Hyun-sang Deputy Head 16:29

Retail-favored KOSDAQ axes are squeezing higher.

The classic retail-favored KOSDAQ axes—semiconductor equipment/materials, biotech, and secondary batteries—are in play. They have heavy short interest because earnings have been weak, so short covering produces violent rallies; all three surged today, and retail money is still entering. He cautions on crowding but says these areas remain alive.

Park Hyun-sang Deputy Head 18:37

Power equipment momentum remains strong.

Electric power equipment is one of the sectors he flagged that has performed. LS Electric surged after good earnings while Hyundai Electric had good earnings but no follow-through, showing that sector momentum determines whether earnings news is rewarded; power equipment remains an area of strength.

Park Hyun-sang Deputy Head 19:08

Brokerages benefit from rising trading volume.

Brokerage stocks are attractive because trading hours and transaction volumes are increasing. Fourth-quarter results were already good and first-quarter estimates are rising on higher fees; NXT extended hours and eventually 24-hour trading should further boost commission income.

Park Hyun-sang Deputy Head 19:44

Banks gain on dividend and product-account hopes.

Banks rose strongly as foreign and institutional investors likely position for confirmed dividends by end-February; they want locked-in income. Expectations for product accounts may also improve if the National Assembly schedule allows progress by February. This keeps financials in focus even if the move is partly speculative.

Park Hyun-sang Deputy Head 24:25

Stablecoin theme momentum is still alive.

Stablecoin-related stocks hit limit-up last Friday and remained strong today despite upper tails, suggesting the theme's speculative momentum is still alive. This is a high-risk, momentum-driven area rather than a fundamental call.

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This 815 Money Talk (815머니톡) video, published January 27, 2026, features Park Hyun-sang discussing KOSDAQ Composite Index, KODEX Leverage ETF, KODEX KOSDAQ 150 ETF, KOSPI, 005930.KS, 000660.KS, 005380.KS, Korean semiconductor equipment/materials, Korean Biotech, LIT, Korean electric power equipment sector, Korean securities/brokerage sector, Korean banks/financial sector, Korean stablecoin-related stocks. 10 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Hyun-sang · Tickers: KOSDAQ Composite Index, KODEX Leverage ETF, KODEX KOSDAQ 150 ETF, KOSPI, 005930.KS, 000660.KS, 005380.KS, Korean semiconductor equipment/materials, Korean Biotech, LIT, Korean electric power equipment sector, Korean securities/brokerage sector, Korean banks/financial sector, Korean stablecoin-related stocks