KOSPIwannabeNYSE

Tried NYSE, caught FOMO, crawled back to KOSPI. Classic noob arc.

[KOSPIwannabeNYSE @KOSPI2NYSE]

@StockMKTNewz There is no substitute for Korean memory. Samsung and SK Hynix are the only ones shipping HBM at scale today, not 2028.

[KOSPIwannabeNYSE @KOSPI2NYSE]

There is no substitute for Korean memory.
Samsung and SK Hynix are the only ones shipping HBM at scale today, not 2028.

No HBM = no AI training. No AI inference. No data center buildout.

You can hedge the rally.
You cannot hedge the supply chain.
Buy Korea isn't optimism. It's just reading the map.

[KOSPIwannabeNYSE @KOSPI2NYSE]

This is exactly why Samsung and SK Hynix don't break.
Terafab is a vision. Samsung HBM is shipping today. SK Hynix HBM is inside every H100 and B200 today. Micron is ramping — but years behind.

[루팡 @DrNHJ]

일론 머스크- JPMorgan 제이미 다이먼과의 인터뷰 (26.6.4)

$MU, SK hynix, Samsung

현재 미국에는 대규모 컴퓨터 메모리 공장(팹)이 단 한 곳도 없습니다. 제로죠.

마이크론이 아이다호에 짓고 있는 공장이 하나 있긴 하지만, 제 생각에 2028년은 되어야 본격적인 양산에 들어갈 수 있을 것입니다. 뉴욕에도 건설 중인 시설이 있지만, 그건 2029년이나 2030년쯤에나 가능하겠죠.

이마저도 필요한 전체 메모리 양의 극히 일부분에 불과합니다. 사실 메모리 제조사와 로직(반도체) 제조사들의 가장 낙관적인 전망을 대입해 봐도, 예상되는 수요를 충족하기에는 턱없이 부족합니다.

https://t.co/ZqxsXNoZsH

[KOSPIwannabeNYSE @KOSPI2NYSE]

Jensen Huang's 4-day Seoul tour by company:
Jun 5 — SK Group, LG, Naver (pork belly dinner)
Jun 7 — NCSoft, Krafton, Doosan
Jun 8 — LG HQ, Hyundai HQ, Naver 1784, SNU robotics lab, AI startup roundtable

Pre-trip in Taiwan: Samsung, SK Hynix, Doosan Robotics, Naver Cloud

Every major Korean conglomerate. 4 days. The itinerary IS the investment thesis.
$000660 $005930 $005380 $035420 $NVDA

[KOSPIwannabeNYSE @KOSPI2NYSE]

@zerohedge Kospi just started pricing itself correctly.

https://t.co/6jVlwOfRLD

[KOSPIwannabeNYSE @KOSPI2NYSE]

Why Korean Stocks Have More Room to Run
Reason 2: Korea Is a Full-Stack Manufacturing Superpower

People keep framing KOSPI as a "memory chip trade." That's missing the bigger picture. Yes, Samsung and SK Hynix are world-class.

But look at what else sits in this market:
- Shipbuilding #2 globally — with 65%+ of all LNG carrier orders (OECD, 2024).
- Transformers #1 in North America — right as the AI data center buildout is driving a once-in-a-generation grid upgrade supercycle.
- Defense #9 globally and rising fast — Europe is buying K2 tanks and K9 howitzers faster than Western suppliers can deliver.
- Automotive #4 — pivoting hard into EVs and software-defined vehicles.
- Cosmetics #3 — K-Beauty is becoming a genuine global consumer franchise.
- Nuclear Top 5 — as the world rediscovers that clean baseload power is not optional.

Each of these sectors is in a structural upcycle. AI infrastructure, energy transition — they're all tailwinds hitting Korean manufacturers at the same time.
The memory chip rally got there first. The rest of KOSPI is just starting to get priced in.

Image credit: @going_tothe_moon (Instagram) — Translation of original infographic

[KOSPIwannabeNYSE @KOSPI2NYSE]

@BullTheoryio Mu : $1.05t
Skhynix(000660) : $1.08t
Nearly identical market caps.

But are they doing the same thing?
HBM Global Market Share:
SK Hynix: 53%
Micron: 11%

[KOSPIwannabeNYSE @KOSPI2NYSE]

@BullTheoryio The warmup is over.

[KOSPIwannabeNYSE @KOSPI2NYSE]

Korean traders have been doing this for a year. Shall we?

[KOSPIwannabeNYSE @KOSPI2NYSE]

If Korea is tracking 1999 Nasdaq…
The warmup is over.

[KOSPIwannabeNYSE @KOSPI2NYSE]

As of today (May 28), all three memory giants crossed $1T market cap.

Mu : $1.05t
Skhynix(000660) : $1.08t

Nearly identical market caps.

But are they doing the same thing?

HBM Global Market Share:
SK Hynix: 53%
Micron: 11%

[KOSPIwannabeNYSE @KOSPI2NYSE]

@LarkDavis The "AI citizen dividend" story was misreported. It was a policy discussion on how to allocate a surge in tax revenues , not a proposal to redistribute corporate profits to citizens.

https://t.co/HYB9sQOulu

[Bloomberg @business]

Correct: A top South Korean policymaker said the nation could pay citizens a "dividend" using excess tax revenue from AI profits, underscoring growing pressure to redistribute gains from the boom https://t.co/yn6dXr5gSv

[KOSPIwannabeNYSE @KOSPI2NYSE]

@Dovydas44444 BREAKING: No strike for this week.
South Korea's government just announced it will invoke emergency mediation powers to halt the Samsung walkout.

https://t.co/8qwx5a4MnM

[KOSPIwannabeNYSE @KOSPI2NYSE]

@TheEconomist BREAKING: No strike for this week.
South Korea's government just announced it will invoke emergency mediation powers to halt the Samsung walkout.

https://t.co/8qwx5a4MnM

[KOSPIwannabeNYSE @KOSPI2NYSE]

BREAKING: No strike for this week.
South Korea's government just announced it will invoke emergency mediation powers to halt the Samsung walkout.

https://t.co/8qwx5a4MnM

[KOSPIwannabeNYSE @KOSPI2NYSE]

@SAMComplete @BullTheoryio Update(5.17) : Gov't stepped in as mediator, and Lee Jae-yong himself agreed to sit down for talks. Negotiations resuming morning of May 18

With both sides aligned that a strike isn't the answer, this looks like it'll get resolved.

[KOSPIwannabeNYSE @KOSPI2NYSE]

Not a collapse, a rotation.

US/UK/Japan bond yields spiking again, so global money is naturally fleeing equities for "risk-free" 4-5% sovereign bonds. Makes sense when most markets trade at P/E 20+.

But KOSPI P/E still trades at 7.X(Samsung and Hynix trade at 5~6). Even in a high-rate world, that's a better risk/reward than Treasuries.

Once a catalyst hits (rate pivot, geopolitical clarity, whatever), the money comes back here first.

[KOSPIwannabeNYSE @KOSPI2NYSE]

@TheEconomist Update(5.17) : Gov't stepped in as mediator, and Lee Jae-yong himself agreed to sit down for talks. Negotiations resuming morning of May 18 .

With both sides aligned that a strike isn't the answer, this looks like it'll get resolved.

[KOSPIwannabeNYSE @KOSPI2NYSE]

@Pirat_Nation Update: Gov't stepped in as mediator, and Lee Jae-yong himself agreed to sit down for talks. Negotiations resuming morning of May 18 .

With both sides aligned that a strike isn't the answer, this looks like it'll get resolved.

[KOSPIwannabeNYSE @KOSPI2NYSE]

@markminervini I recommend taking a closer look at the Korean stock market. There are plenty of companies that are cheap and growing their revenues.

[KOSPIwannabeNYSE @KOSPI2NYSE]

Why Korean Stocks Have More Room to Run
Reason 3: The Normalization of Korean Stock Market

Some say Korean stocks have risen too fast. But the real story is the opposite. they were suppressed for too long.

Korean markets lacked proper legal protections for shareholders. Duplicate listings, dilutive share issuances, and market manipulation were rampant.

That's changing now. Shareholder protection has been codified into law, and anti-market practices are being banned. The market is simply normalizing.

That normalization happened to coincide with the AI cycle, which accelerated the rally.

And yet, forward PE is still just 7~8x(at 7,800pt). This is not an overvalued market.