The bull market is not over yet; now is the time to hold on — sell when these 3 signals appear / Reasons for the secondary battery rebound | CEO Lee Dong-geun

[긴급 시황] 아직 상승장은 끝나지 않았다.. 지금은 버텨야 할 때 "매도는 이 3가지 신호 나오면 하세요" / 2차전지의 반등 이유 | 이동근 대표
Watch on YouTube ↗  |  February 04, 2026 at 06:00  |  20:49  |  815 Money Talk (815머니톡)
Speakers
Lee Dong-geun — CEO

Summary

Lee Dong-geun, CEO of First Prime Research, argues the Korean bull market is not over but is in a volatility-driven speed-adjustment phase. He emphasizes abundant domestic liquidity, views foreign selling as profit-taking rather than a structural exit, and advises buying dips with split purchases instead of chasing rallies. He identifies three eventual top signals: US rate increases, peak semiconductor earnings, and the end of liquidity expansion. He also reviews KOSDAQ, ESS/secondary battery, solar/renewable, nuclear, asset-rich, and casino themes.

  • Korean market uptrend remains intact; current volatility is a speed adjustment.
  • Domestic liquidity is strong, with deposits and retail inflows at record levels.
  • Foreign selling is seen as profit-taking, not a structural exit.
  • Three top signals: US rates turn up, semiconductor earnings peak, liquidity expansion ends.
  • KOSDAQ is supported by retail flows and possible policy measures.
  • Energy themes include ESS/secondary batteries, solar/renewables, and nuclear.
  • Asset-rich stocks and casino stocks rallied on revaluation and tourism catalysts.
  • Strategy favors dip-buying and split purchases over chasing rallies.
Ideas
Lee Dong-geun CEO 2:42
Liquidity supports Korean uptrend; buy dips.
The Korean market uptrend is not over. Recent volatility is a speed adjustment after a sharp rise, and liquidity remains abundant: customer deposits surpassed KRW 110tn, only a few weeks after being in the KRW 90tn range, and KRW 5.5tn of individual buying entered KOSPI on the Feb 2 drop while deposits still rose. Foreign selling looks like profit-taking in stocks that rose too much rather than a structural exit, and domestic retail/institutional buying is absorbing supply. The speaker advises not chasing stocks that already rose 10-20%; instead, use volatility to buy on dips and split purchases. He would only look for a top when three signals appear: US interest rates turn upward, semiconductor earnings peak, and liquidity expansion ends.
EWY HIGH
Lee Dong-geun CEO 7:21
KOSDAQ gains on retail liquidity, policy.
KOSDAQ has seen strong buying, largely from individual money moving through KOSDAQ ETFs rather than pure institutional demand, which is positive for the KOSDAQ. Government policy to revitalize KOSDAQ could add momentum.
KOSDAQ MED
Lee Dong-geun CEO 8:47
Bio is laggard; watch rotation.
Bio was relatively under-highlighted compared with battery, robots, and semiconductor equipment/materials during the KOSDAQ rally. If theme rotation spreads to bio, it could extend the KOSDAQ rally.
Korean biotech sector LOW
Lee Dong-geun CEO 9:17
ESS demand and battery metals rising.
Energy and secondary battery stocks are strong. ESS demand expectations are rising because AI data centers and industrial electrification are expanding, with global ESS installations expected to grow more than 40% this year and North America demand increasing. Battery metal prices are also supporting the group: lithium has risen about 80% and nickel about 20% over six months, raising the likelihood of cathode material price increases in Q2.
Korean secondary battery/ESS sector 006400.KS HIGH
Lee Dong-geun CEO 9:22
Solar oversold; China rebate removal helps.
Solar/renewable energy stocks have been oversold and neglected. China's plan to abolish export VAT rebates for solar cells/modules from April reduces Chinese price competition; US solar stocks including First Solar rallied; Musk's SpaceX/xAI merger highlighted space solar; and AI data-center power demand plus US pressure on big tech to build generation supports all power sources. Nuclear is the main theme, but solar and wind have no bad news and offer a low-point entry.
Korean solar/renewable energy sector 009830.KS 010060.KS MED
Lee Dong-geun CEO 9:50
LGES wins Qcells battery supply contract.
LG Energy Solution signed a 5GW battery supply contract with Hanwha Qcells' US unit, worth about KRW 1tn. The contract validates growing ESS demand from AI data centers and electrification, supporting LG Energy Solution's battery/ESS business.
373220.KS MED
Lee Dong-geun CEO 10:52
Battery metal prices support cathode hikes.
Lithium, nickel, and cobalt prices have risen over the past six months—lithium by about 80% and nickel by about 20%. This increases the likelihood of cathode material price increases in Q2, supporting the battery materials supply chain.
LITHIUM NICKEL Cobalt MED
Lee Dong-geun CEO 12:15
Nuclear benefits from US plant demand.
Nuclear is the main energy theme. The US is prioritizing Korean construction of nuclear power plants in the US during tariff negotiations, reviving expectations for Korean nuclear exporters and EPC contractors. Power equipment is also being highlighted as an additional beneficiary.
Korean nuclear power sector 034020.KS 000720.KS HIGH
Lee Dong-geun CEO 13:26
Asset revaluation boosts Korean asset-rich stocks.
Expectations for asset revaluation are rising for companies with large real assets due to Commercial Act revision talk, including holding and financial companies. Asset-rich stocks are strong, with Sindoh trading heavily and Sampyo Cement at its fourth consecutive upper limit.
Korean asset-rich stocks 029530.KS 038500.KQ MED
Lee Dong-geun CEO 14:12
Paradise gains from Chinese tourist influx.
Chinese tourists are expected to surge into Korea during the Lunar New Year holiday because they are avoiding Japan amid Japan-China tensions, benefiting casino stocks such as Paradise.
034230.KS MED
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This 815 Money Talk (815머니톡) video, published February 04, 2026, features Lee Dong-geun discussing EWY, KOSDAQ, Korean biotech sector, Korean secondary battery/ESS sector, 006400.KS, Korean solar/renewable energy sector, 009830.KS, 010060.KS, 373220.KS, LITHIUM, NICKEL, Cobalt, Korean nuclear power sector, 034020.KS, 000720.KS, Korean asset-rich stocks, 029530.KS, 038500.KQ, 034230.KS. 10 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lee Dong-geun  · Tickers: EWY, KOSDAQ, Korean biotech sector, Korean secondary battery/ESS sector, 006400.KS, Korean solar/renewable energy sector, 009830.KS, 010060.KS, 373220.KS, LITHIUM, NICKEL, Cobalt, Korean nuclear power sector, 034020.KS, 000720.KS, Korean asset-rich stocks, 029530.KS, 038500.KQ, 034230.KS